Compared with the champion of the year, there is no suspense. The "third runner-up" with the worst performance seems to be relatively glued. The performance of many funds has fallen by nearly 50% or more, and the gap between them is relatively small.
So, who will be the worst performing fund in 2022? What happened to them this year?
55 funds fell by more than 40%
According to the data, as of February 28th, 12, among all Public Offering of Fund funds, there were over 900 funds with a decline of more than 30% during the year (A and C shares are calculated separately, the same below). Among them, 55 funds fell by more than 40% during the year, and the penultimate "champion third place" will almost certainly be born in these funds.
Looking at these funds, we can find that the funds related to technology and consumer electronics account for a relatively high proportion, which is actually related to the poor performance of these tracks this year. For example, Huabao Science and Technology Pioneer, Fuanda Science and Technology Pilot, Guo Fu Innovation and Technology, Xingyin Science and Technology Growth, and Minsheng Jiayin Science and Technology Innovation were closed for three years.
The worst bond funds fell by more than 70% because of "stepping on thunder"
In addition to the influence of the track market, what happened to the above funds in 2022, which led to such a big decline?
Let's look at the enhancement of China Post Ruili, which ranks first from the bottom at present. This fund should be the worst bond fund this year. The net value data of 65438+February 28th shows that the net value of this fund is only 0.28 yuan, which has dropped by 70.4% since this year.
Every reporter noticed that the main reason for the sharp drop in the fund's net value was stepping on the problem bond.
In August this year, the fund announced that there was great uncertainty due to the normal asset restructuring of bond issuers. In order to protect the rights and interests of holders, redemption and valuation are suspended. The net value data shows that on August 5, the net value of the fund was still 0.93 yuan. By the third quarterly report, bond assets accounted for 95.05% of the total assets of the fund. Among the top five heavy bonds, the number of "17 Luowa Technology CP00 1" was 654.38+million, and the fair value at that time was only183 million yuan, compared with 496 in the second quarter of this year.
Although the holding amount is not high, it also accounts for 50.95% of the fund's net asset value, which obviously affects the fund's net asset value.
In the third quarterly report, the fund manager also mentioned that there is great uncertainty in the fund position bond "17 lova technology CP00 1". In order to protect the interests of the holders, the fund manager has suspended the valuation of the fund property since August 5, 2022. During the suspension of valuation, the bond "17 Luowa Technology CP00 1" was reported on the basis of the valuation price of China Bond Special Securities. The bond price is based on the actual realized price, and the net value of the fund will change accordingly.
On February 2 1 65438, the fund announced that the bonds issued by the asset restructuring entities held in the previous period had been traded and sold, and the significant uncertainty of product valuation had been eliminated. Decided to resume the redemption business of the Fund from February 2, 20221day. The net value data of 65438+February 20 shows that the net value of the fund directly fell to 0.2790 yuan. This is why the fund has fallen by more than 70% this year. From "stepping on thunder" to the sharp drop in asset prices, and then to dealing with problem assets, the net value of the fund has been greatly affected.
Adjust the position "accurately", and then get out of the pit after into the pit.
In addition to the enhancement of China Post Ruili, most of the funds at the forefront of the decline list are mainly partial stock products. On the one hand, the theme track where these products are located has performed generally this year, on the other hand, it has mainly failed to grasp the structural market. The former is related to some of the scientific topics mentioned above, while the latter has no direction at all this year.
For example, the foresight value of Chinese businessmen, in the first quarter of this year, the main heavy positions were in the new energy sector, including stocks such as Contemporary Anpu Technology Co., Ltd., En Jie and Huayou Cobalt, and the adjustment of these stocks in the first quarter can be said to be relatively large, which made the fund's net value drop by more than 22% in the first quarter.
By the end of the second quarter, Liang Hao, the former fund manager, had left and Li Shuangquan was in charge of the fund. The top ten embarrassing positions have also been significantly adjusted-the top two embarrassing positions were replaced by Kweichow Moutai and Shanxi Fenjiu at the end of the third quarter. However, after the stock exchange, liquor stocks such as Kweichow Moutai ushered in a wave of obvious adjustment in June 5438+ 10, and the fund was injured again, with a net value drop of more than 22% in a single quarter.
In the first quarter and the third quarter, although two fund managers were trading, they all stepped on the sectors with large adjustment, and both of them experienced a single quarterly decline of more than 22%, which naturally made the return of this fund more and more backward this year.
There are also Fuanda technology pilots who have not stepped on the right rhythm. In the first quarter, the Fund made some adjustments to the position structure and increased the asset allocation related to the future industrial trend of new energy vehicles; At the same time, the configuration of automobile industry chain has been increased; In addition, the configuration weight in photovoltaic field is increased. At that time, new energy stocks such as Tianqi Lithium Industry, Contemporary Anpu Technology Co., Ltd. and Yiwei Lithium Energy were also gathered in the top ten awkward stocks.
However, the subsequent plate adjustment was obviously "stepping on the pit". With the adjustment of the new energy sector, the fund fell by more than 24% in a single quarter. In the third quarter, the fund reduced the allocation of new energy vehicles and increased the allocation of light storage and wind power. But after this adjustment, the performance of the fund is not very good. For example, Paineng Technology, which has a heavy position, has been adjusting since the third quarter. In the end, the fund's single-quarter decline exceeded 17%, which also made the fund's net value hit a new low this year.
In fact, there are quite a few similar funds that have fallen sharply in these products, but compared with these "precise" positions, some of them are obsessed with a certain sector and have not turned significantly. The funds with heavy positions have not performed well this year. For example, in Jiuxiang, the Great Wall, the fund focused on the growth direction of digital economy, meta-cosmic industrial chain and smart life in the first quarter, and its net value fell by more than 28% in a single quarter. In the third quarter, we continued to focus on the digital consumer economy and the direction of the meta-cosmic industrial chain, and the net value in a single quarter fell by more than 20%. Obviously, this persistence did not bring too good results this year.
Generally speaking, these products with a large decline are basically due to the large adjustment of net value because they have not stepped on the right sector, while the main heavy positions are concentrated in the sectors with a large decline this year, such as technology, new energy and consumer electronics.