What are the best funds this year? What are the tips for these funds to prevent falling? The following small series will tell you.
With the complete disclosure of the second quarterly report, the fund's "anti-falling" seats in the first half of the year were basically scheduled. Not surprisingly, statistics from WIND Information show that among 139 open-end equity funds, Dongwu Shuangli and Huaxia Market Select are among the best, and their net growth rates in the first half of the year reached -22.9 1% and -26.97% respectively, much higher than the average decline of 36.44% of such funds in the same period. Combined with the second quarterly report, we found that the above two funds have some common tips to prevent falling.
The first measure for the fund to resist falling: the stock position is low.
The systematic decline of the market and the reduction of stock positions have become the knowledge in the fund industry, and the timely reduction of stock positions has also laid the foundation for the fund to successfully avoid the market decline. By the end of the second quarter, the average stock position of partial stock funds reached 70.54%, down 4. 14 percentage points from the end of the first quarter. The stock positions of Soochow Double Power and Huaxia Market at the end of the second quarter are far below the above average positions.
Among them, according to the second quarterly report, the stock position of Soochow Double Power is only 58.04% (accounting for the total assets of the fund), which is lower than the average stock position 12.5 percentage points of the above funds in the same period. Compared with the first quarterly report, Soochow Double Power's lightening attitude is more obvious. At the end of the first quarter, the stock position was 8 1.8%, a decrease of nearly 30%.
Similarly, the stock positions selected by China market are not high. According to the second quarterly report, its stock position accounted for only 50.32% (accounting for the total assets of the fund), which was 20.22 percentage points lower than the average stock position of the above-mentioned funds in the same period, while the stock position of Huaxia Market was 73.62% at the end of the first quarter.
The second measure of the fund's resilience: the market is cautious.
Faced with multiple negatives and market uncertainties, the two funds are equally cautious about the market outlook.
Soochow Double Power Fund pointed out that the economic downturn and the decline in corporate profits are the problems we have to face in the second half of 2008. Before the macro-economy improved, the falling stock price and the decreasing profit expectation formed negative feedback, and the irrational behavior of investors may seriously underestimate the stock market. From a prudent investment perspective, we will still adopt a defensive investment strategy and focus on allocating consumer stocks with certain profit growth prospects.
Similarly, Huaxia Market Select believes that with the continuous decline of the market, risks are further released, and staged and local investment opportunities are gradually emerging, but the arrival of overall investment opportunities still needs to wait for the clarity of the macroeconomic situation and the recovery of investment confidence, and needs to be treated with a long-term mentality.
The fund's trick to prevent falling is three: the position changes quickly.
The stock position is low. If it is based on the overall resilience of the two funds, then the position will change rapidly, which also provides a guarantee for the funds to seize the phased income. As we all know, the market hotspots in the second quarter were relatively scattered, while the theme investment showed a rotating trend. Whether we can seize these staged investment opportunities has almost become the key to determine the fund's performance in the second quarter.
All along, the "stock selection ability" selected by China's large market has attracted much attention from the market, which has also appeared in the second quarterly report. According to the second quarterly report, the top 10 stocks in China's market are Hang Seng Electronics, tonghua dongbao, Emeishan A, Le Kai Film, Yunnan Chengtou, Tianshan Shares, Radio and Television Network, International Industry, Yueyang Xingchang and Song Qingjianhua. Compared with a quarterly report, it can be found that six of its top ten awkward stocks have been replaced.
Similarly, Dongwu's dual rights are not inferior. The second quarterly report shows that the top ten stocks are Yuntianhua, LU ZHOU LAO JIAO CO.,LTD, Yunnan Salt Chemical, Jianfa, china glass Fiber, ZTE, Shuanglu Pharmaceutical, Shayao, Yunnan Baiyao and Xishan Coal and Electricity. In its first quarterly report, Yuntianhua, LU ZHOU LAO JIAO CO.,LTD, Jianfa, Yunnan Salt Chemical, china glass Fiber and ZTE are still old faces, and the other four heavyweights have also changed.