Generally speaking, there is a professional to help you choose a fund suitable for your investment. This professional is called a fund portfolio manager. You can understand the fund portfolio as a "basket" of funds chosen by the manager.
Second, a single fund usually only focuses on investing in a certain type of assets. If such assets fall in the future, investment risks will not be avoided.
For example, when the bull market is the craziest, because the stock position of stock funds cannot be lower than 80%, although the fund manager clearly knows that the market is already very expensive, there is no way to buy stocks.
Similarly, bond funds also have position restrictions and must invest more than 80% of their assets in bonds. Although there is no clear position limit for hybrid funds, fund managers have their own investment styles and preferences, so some hybrid funds will also concentrate their funds on a certain type of assets.
Therefore, it should be very difficult to avoid the risk of market decline through a single fund.
Third, for ordinary investors, it may be more appropriate to buy a fund portfolio.
For example, take the "Hulk" combination on Sansi APP as an example.
Teacher Zheng Zhiyong, the group manager, wrote in the warehouse change record of 2065 438+08. 7. 30, "When Huitianfu Medical met the black swan, it was first zhifei Bio, then tonghua dongbao, then Meinian ... and the early medical care increased greatly. Now is the time to bring out the group with tears! "
For ordinary investors, the background of this position adjustment may not be clear.
In fact, there are many negative information in the pharmaceutical industry in 20 18, such as "vaccine incident (longevity biological fraud)", "American health fraud", "non-invasive prenatal examination of Huada gene", "American health fake doctor incident" and "4+7 quantity procurement".
Therefore, San Sijun thinks that Mr. Zheng Zhiyong, the manager, should have seen the Huitianfu Medical Fund (00 14 17) held by the "Hulk" combination, and will definitely be affected by this negative news. At the same time, considering the large increase in the pharmaceutical sector in the early stage, he made the decision of "bringing out the combination with tears".
The following figure shows the trend comparison between Huitianfu Medical Fund (00 14 17) sold on July 30th, 2065438 and Efund Shanghai-Shenzhen 300ETF Linked Fund (1 10020) bought on July 3rd/8th.
As can be seen from the above figure, through this kind of "buy one and sell one", the Hulk combination can well avoid the risks of the pharmaceutical sector. At present, E Fund Shanghai and Shenzhen 300ETF Link Fund (1 10020) has contributed to the portfolio.
Therefore, if ordinary investors are not sensitive to the capital market, they may not be able to avoid the investment risk of the pharmaceutical sector last year. This is the biggest difference between managers and ordinary investors in managing portfolios.