According to the fund manager who issued the fund, his current strategy of opening positions is mainly Hong Kong stocks with high cost performance and some A-share companies with reasonable valuation and sufficient competitiveness. At the same time, he also said that he would control his own pace of opening positions. Since the beginning of this year, the market has fluctuated greatly, and the test for fund managers will be even greater. In the future, the Fund will look for good investment opportunities in the fluctuation of valuation. However, in his view, the market will return to a relatively normal state in the coming year. The high income in the past year was mainly due to the good market brought by the reform of the registration system, but the impetus brought by this reform may not last long. From the industry point of view, some medical and consumer enterprises have more investment prices, because this industry has greater potential, and the industry growth rate is significantly higher than the GDP growth rate.
Moreover, the fund manager said that in the next two years, A shares as a whole will enter a relatively mature environment, mainly characterized by liquidity premium and certainty premium, which will cause structural changes in the entire stock market. As for the mass consumption of liquor, he said that as a mature consumer leader, the price-earnings ratio of high-end liquor is 40 and 50, which is reasonable. After all, its profit level keeps rising, so its high P/E ratio will last for quite a long time, and there will be no big decline.
In addition to this record-breaking fund subscription, many other funds were sold on the same day, and all of them were raised within one day. These funds have also suffered similar snapping up. Although not as exaggerated as the E Fund, the buying enthusiasm of the market can still be seen. The market investment in capital has also increased.