Many people will manage their money by buying funds. In 2020, the increase of funds was so exaggerated that many people made a lot of money in the process of buying funds. Now it has entered 202 1, many people think that there is a lot of room for capital to rise, but at the same time, some people are not optimistic about the consumer sector, thinking that the increase in the consumer sector is too high and the P/E ratio has reached a very high level. In fact, to deal with such problems,
What's the news
This news is about the world's largest fund holding Maotai. Last quarter, Europe Asia-Pacific Growth reduced its holdings of Maotai by about 3.66%. Although this figure does not seem to be particularly large, this fund has invested heavily in Maotai, and its market value of holding Maotai is about 800 million US dollars. When the fund reduced its holdings of Maotai, many retail investors began to guess whether it was because Maotai was at risk of retreating.
I think the reason for the reduction is that the valuation of Maotai is already too high.
We all know that the increase of Maotai last year was very exaggerated. Many people make a lot of money by buying liquor, and many people will buy funds to attract liquor. For such a phenomenon, I think the valuation of Maotai has always been very high. It is almost impossible to wait until the valuation of Maotai becomes lower. At present, the P/E ratio of Maotai has reached dozens of times, which is higher than many technology stocks. It can be seen that the rising space of Maotai is very high, and at the same time, our people's views on Maotai are also very good, so Maotai can have such a skyrocketing situation.
Prevent the risk of retreat.
Whether for funds or stocks, in fact, to a certain extent, there will be a certain risk of retreat. So I think it is necessary for retail investors to consider this risk when buying funds. At the same time, the valuation of many liquors has reached a very high level. Now, if they enter the market again, they will probably stand on the top of the mountain. For this problem, in fact, if you have some layout in advance, you don't need to panic too much, but it may be a little late to enter the market now. Of course, this is only my personal opinion, because investment is a very personal matter, and my opinion does not constitute any suggestion for your investment decision.