Among the top ten funds, five in Shanghai accounted for half, and six in Huaxia entered the top 35.
From the company's point of view, Huaxia Fund once again shows its superior investment and research ability. Huaxia Return, Huaxia Return No.2 and Huaxia Dividend Fund occupy three seats in the list of partial stock funds. The other six Chinese partial stock funds are ranked in the top 35 of Morningstar, among which last year's champion Huaxia ranked 17.
Geographically, the performance of Shanghai fund companies in the first half of 2008 has been greatly improved. Among the top 10 funds, five funds are products of Shanghai Fund Company, namely Soochow, Huabao Xingye, Guohai Franklin, Bank of Communications Schroeder and Huaan. These five companies just account for half of the previous 10, which is exactly the same as that of Shanghai fund companies in the fund industry. (30 of the 60 fund companies are located in Shanghai. However, only these five funds have entered the top 20 in Shanghai.
No. 1: Huaxia returns, down 16.4438+0%.
Firmly bearish, the position in the first quarter was less than 50%
According to the specific data, Huaxia, ranked first, lost 16.2 1% in the first half of the year, making it the most resilient fund. The other nine funds lost 18. 10%, 22.52%, 23.44%, 24.0 1%, 24.73%, 25.06%, 25.09% and 25.98% respectively.
On the whole, since the first half of the year, the average net loss of 229 partial stock funds was 35.63%, and the top ten funds were all below the standard value 10 percentage point. It is also commendable that fund managers have achieved this performance in the case of portfolio investment.
Behind the decline in net worth is the choice of heavy stocks and the control of positions. At the end of the first quarter, there were no impressive stocks in the top ten positions of Huaxia Return Fund, which ranked first. China Merchants Bank, ICBC, Vanke A and WISCO are all traditional blue chips.
It is not unrelated to the choice of positions that can achieve anti-fall performance. As of March 3 1 day, the stock investment of Huaxia Return Fund only accounted for 48.83% of the whole portfolio. In April and May, Huaxia Fund was also the main short seller in the market, and sold in large quantities on the day when stamp duty was lowered. The firm bearishness in the past six months has finally achieved the anti-falling champion of China's return.
Second place: Bosera balanced allocation, with a decrease of 18. 10%.
In the first quarter, the position was less than 30%, and the heavyweight stocks were Yuntianhua, Dashang and Wangfujing.
As the runner-up, the decrease of 18. 10% is also commendable, but if we only compare it with Huaxia's return in terms of opening heavy positions and positions, it seems that Bosera's balanced allocation should become the champion.
According to public data, the position of Bosera Balanced Allocation Fund at the end of the first quarter was only 29.8 1%, far below the level of nearly 50% return of China. Among the key positions, Yuntianhua, Dashang and Wangfujing are also rare anti-falling stocks in the first half of this year. Yuntianhua, the largest heavyweight, even suspended trading in March, and its anti-falling degree is far better than Huaxia's return.
In the second quarter, there is no possibility of adding positions to the balance configuration of Boss. The net loss in the last three months was -5.99%, which was lower than the corresponding value of Huaxia's return of -6.42%. "It may be that the balance distribution of Boss has changed hands frequently, resulting in the net value being dragged down by transaction fees." A voucher researcher said.
Third place: Wu Dong Electric Power, with a decrease of 22.52%.
Financial insurance and lightening of food and beverage over-rationing.
If the above two stocks are better than position control, Soochow value growth and Huabao Xingye are actually better than stock selection strategy.
According to the quarterly report of Soochow Value Fund, the concentration of the top ten awkward stocks is 52.58%. Compared with the fourth quarterly report in 2007, Wang Jiong, a female fund manager, changed her blood decisively according to market changes. Only LU ZHOU LAO JIAO CO.,LTD, Yuntianhua, Jianfa and Poly Real Estate remain in the top ten. In the fourth quarter of last year, six stocks of CITIC Securities, China Merchants Bank, China Ocean Shipping, Wuliangye, Hua Xia Bank and Tongfang Co., Ltd., which had heavy fund positions, withdrew from the "Top Ten", while these stocks were among the top losers in the first quarter of this year.
In the portfolio, the food and beverage industry with the allocation ratio of 265,438+0.565 and 438+0% benefited from the increase in food prices, which laid the foundation for the good performance of the fund. In addition, the timely lightening of the financial and insurance industry from 20.8 1% to 5. 15% also reduced the loss of the fund's net value.
Fourth place: Warburg strategy focuses on stock selection.
Focus on small and medium-sized stocks
The excellent performance of Huabao Xingye Multi-strategy Growth Fund in the first half of the year is also related to avoiding large-cap blue-chip stocks. The first quarterly report in 2008 showed that Huabao Xingye's multi-strategy growth focused on strengthening the allocation of small and medium-sized market capitalization industries and individual stocks in the style sector, showing good resilience.
In addition, as of June 4, 2008, the net growth rate of Huabao Xingye's multi-strategy growth considering dividends and reinvestment since its establishment was 322.4%, which was second only to the number one E Fund's strategic growth, and much higher than the average net growth rate of 245. 13% of stock open-end funds (excluding indexes) in the same period.
Huaxia dividend: both bull and bear markets are in the front 10.
Sanniu base: national sea flexibility, Huaxia advantage and Wu Dong power.
Whether the fund is excellent or not depends on the continuity of its performance. Whether the top ten funds are worth investing this year depends on their past performance in the bull market.
Huaxia Bonus is the real king fund, not only ranked in the top ten in net worth this year, but also ranked in the top ten in the big bull market last year. If the top ten performance can be maintained until the end of the year, fund manager Sun Jiandong will surpass the big brother of Huaxia Fund, because Sun will be a fund manager who has survived the baptism of bull and bear markets for two years, and he is far more convincing than the king of bull markets for two years and is called "the best fund manager".
If the roller coaster market from June 30 last year to June 30 this year is taken as the statistical interval, the three funds, namely, Guohai Elastic Fund, Huaxia Advantage and Soochow Power, rank among the top three in net growth rate respectively, and are the only three stock funds with positive returns, with returns of 9. 19%, 7.34% and 3.45% respectively.
What is Liu Yu¡¯s position? Independent director of Yunda Co., Ltd.