The anti-falling fund should be liked by everyone, but the anti-falling fund has the choice of blue-chip listed companies with excellent performance. So how to choose an anti-falling fund? The following small series will analyze it for everyone.
At present, the anti-falling fund has turned its attention to blue-chip listed companies with large market value and excellent performance. The valuation level of such stocks has reflected the expectation of phased tightening and the impact of refinancing. From the financial innovation of stock index futures and margin financing and securities lending, both the phased allocation demand and the long-term business growth of key industries will bring positive stimulation. Therefore, proper allocation of anti-falling funds is another option to prevent systemic risks.
Speaking of funds that resist falling when the stock market plummets, it seems that "only when the tide is low can you see who is swimming naked". 20 10 in the case of extremely complicated investment environment, the investment style of the fund industry has also quietly changed. At the end of the year and the beginning of the year, the fund collectively misjudged, and the cross-year market did not arrive as scheduled. The market generally expected by the fund also changed frequently in the second quarter. The rebound of the weight plate due to the introduction of stock index futures and valuation repair is often "short-lived".
Reduce the position and adjust the structure. At present, we have reached a consensus in the fund industry. In this process, the ability to capture market opportunities and select individual stocks has become a "sharp weapon" for fund managers of major fund companies to overcome the market and surpass their opponents.
This year, the whole investment environment will be mainly reflected in the seesaw of "economic recovery and policy tightening". If the economic recovery is better than expected, the central government will tighten the policy; If the economic recovery is lower than expected, the central government will slow down the pace of policy tightening.
Structural investment opportunities will be the characteristics of this year's stock market. As a long-term strategy of the government, economic restructuring will provide development opportunities for a large number of emerging industries, especially in the fields of consumption, service, scientific and technological innovation, energy conservation and low carbon, and regional economy.
The reason why the anti-falling fund can resist the market decline is to focus on the adjustment of economic structure and the development of emerging strategic industries, select individual stocks in the whole market, and deeply explore the investment opportunities of industries and individual stocks in the volatile market.
It is worth noting that a number of medium-sized fund companies, by virtue of their flexible advantages, have achieved deus ex in their performance this year. According to the statistics of Galaxy Securities Fund Research Center, as of April 26th, the average net growth rate of 184 standard equity funds was -3.37%. Since this year, only 52 funds have achieved positive returns, accounting for less than 40%.
Analysts believe that the flexible operation style and relatively small scale of medium-sized fund companies have gained great advantages in the volatile market environment. Based on its moderate scale and flexible investment strategy, medium-sized fund companies can better grasp the opportunities in the volatile market.
This year's stock market will be a volatile city, and there will be no trend ups and downs. Judging from this, the seesaw effect of maintaining economic growth and compressing asset bubbles will continue for a long time to come, and the market will maintain a volatile pattern for a long time, so the control of positions becomes less important. What is important is the choice of structure and stock varieties.
In the economic transformation, this year's investment opportunities will mainly be industrial structural opportunities. Some industries, such as medicine, consumption and electronic information sectors represented by TMT, avoid cyclical stocks represented by real estate and nonferrous metals, and allocate high-quality stocks in some regions.
It is worth noting that since the beginning of this year, low-valued blue-chip stocks have fallen instead of rising, but the gains of small and medium-sized stocks involving emerging industries are "not the highest, only higher". In this case, many fund managers have fallen into confusion and self-doubt, and a group of fund managers who were full of expectations for the "big blue-chip market" have to start to revise their expectations.
It is important to choose between high-valued small and medium-sized stocks and low-valued blue-chip stocks this year. At present, some companies with high valuation but high growth still have investment value. The key is how to select companies with high performance growth from many target companies, so as to "lurk" ahead of time and obtain excess returns.
The reason why the anti-falling fund outperforms the broader market is to adopt a conservative investment strategy, control the positions of stock assets and effectively avoid systemic risks. In the process of upward fluctuation of the stock market, the top-down strategy is adopted, focusing on the allocation of large-cap cyclical stocks such as finance, real estate, steel, coal and machinery. After the fine-tuning of credit policy, the transition to bottom-up investment in growth stocks. The accurate judgment of the trend and the combined use of strategies have become an important guarantee for the anti-falling fund to obtain ideal positive returns in the complex market environment.