According to the purpose of fund investment, equity funds can also be divided into capital appreciation funds, growth funds funds and income-earning funds. The main purpose of capital appreciation fund investment is to pursue rapid capital growth, thus bringing capital appreciation. This kind of fund is risky and has high returns. Here, Bian Xiao will share the future market of semiconductor funds for your convenience.

What is the future market of semiconductor funds?

Today, the market opened lower and oscillated higher. As of press time, the market rose slightly by 0.33%. Small metal and electricity on the disk led the rise, while white 9 and food processing led the decline. The overall market performance is good, don't worry. 10.29, after the semiconductor broke through the 20th line, the 20th line formed a strong support. Today, the semiconductor stepped back on line 20. If there were no friends who opened semiconductors yesterday, you can consider adding them appropriately today. I like the back of the semiconductor. I added a position at the end of yesterday, so I won't move today. None of the other funds operate.

Semiconductor funds are mixed today. From a technical point of view, it is still the technical trend of short-term stepping back on the moving average. If the rising pattern on the right side hasn't changed, take the chips in your hand with peace of mind. The military fund rebounded today, recovering half of yesterday's decline. If it can stabilize on the 10 daily line in the future, the rebound trend will continue with a high probability, and positions that are not heavy can continue to be taken.

Can the chip semiconductor fund still be bought?

In fact, the callback of semiconductor chip plate began in August of 20021year, and it has fallen for half a year now. The chip index of CITIC Jiantou peaked at over13,000 points in July, and now it has dropped to 9,000 points, with a callback of 30%. The index of semiconductor chip industry in China has also dropped by about 30% since the peak.

First: From the perspective of the future development of the world, mobile communication upgrades, Internet of Things, artificial intelligence, autonomous driving, smart wear and other fields all rely on the core component and technology of the chip, which means that the chip semiconductor is just needed in the future.

Second: From the perspective of domestic chip semiconductor development, China is now in the window of chip semiconductor technology development, and the development of chip core technology is clearly placed in the important position of national development strategy, which is the general trend of national development.

Therefore, whether from the development of the world or from the strategic positioning of China, it shows that the chip is the future, and it is a long-term future.

However, we should also realize that the threshold of chip semiconductor, a high-tech industry, is very high, the investment cycle will be very long, and the investment risk will be relatively high, which is reflected in the ups and downs of the capital market. Last year's hot topic of sticking neck and national support policies triggered a surge in the science and technology sector. When the topic cooled down and the market calmed down, the stock market also pulled back.

What is the current valuation level of the chip semiconductor sector?

China semiconductor chip index, currently PE56, historical percentile 0.68%, PB6.09, historical percentile 26.5%; The CSI refers to the semiconductor index, which is currently PE36, 10 annual percentile119%, PB3.75, and 10 annual percentile of 27.23%. Judging from these two data, it is underestimated at present.

However, looking at the market trend, the technology sector, including chip semiconductors, is still in a downward trend, so we can take a wait-and-see attitude and wait for the market to further explore; You can also buy on dips in small quantities and gradually open positions.

In any case, we should take a long-term view, believe in China's determination to develop science and technology, and be optimistic about the future development of science and technology in China. 20 years 10 will definitely bring you sustained returns.

Prospect of semiconductor investment in 2022

When the growth tracking stocks plummeted, the chip semiconductor fund also ushered in a sharp decline recently. The semiconductor concept index reached a maximum of 9759, and the lowest point recently was 63 10, which has fallen by 35%. Investors chased up from around the high point of 202 1 and generally lost more than 20%. However, the concept of semiconductor chip shows no signs of wanting to stop falling, and it is still in a state of shock and decline.

However, a sharp drop is not necessarily an underestimate. In fact, if you buy from 20 19 or 2020, there is still a high probability of making money. From 20 19 to 202 1, in just three years, semiconductor chips have increased by 270%!

The sharp drop comes from three reasons. The first is that the world lacks "core", which makes the ceiling of the industry higher; The second is the technology blockade of the United States, which makes the country vigorously develop the chip industry, supported by domestic alternative logic and policies; The third is the rapid development of the industry itself. The net profit has risen sharply, from about 2.6 billion in 20 18 to 7.7 billion in 20 19, and then to 22.4 billion in 2020, with an annual growth rate of 190% and a two-year net profit increase of 8.5 times!

The surge in net profit triggered Davis' double-click effect, which made the stock price soar. However, the increase in P/E ratio is not obvious. With the announcement of results, the high valuation is gradually filled by the increased net profit. So the stock price rose sharply, but the price-earnings ratio did not increase much.