1, partial stock funds: In June, A shares probably fell first and then rose, focusing on funds with strong stock picking ability.
In May, A shares fluctuated downward in the case of internal and external troubles. Although the partial-share funds maintained an upward trend as a whole, the growth rate declined. In the first half of June, the market continued to decline due to pessimistic expectations of economic fundamentals and unexpected policies. However, in anticipation of the economic downturn, management has begun to take measures to stimulate the economy. On the one hand, it accelerated the project approval, on the other hand, it promoted the implementation of major projects in the Twelfth Five-Year Plan as scheduled, and started a number of major projects that are related to the overall situation and have strong driving force. If the economic data in May is poor, the probability of further policy overweight will increase; And with the downward trend of CPI, the central bank officially announced the reduction of the benchmark interest rate on the evening of June 7, which will benefit A shares and provide upward momentum for A shares in the second half of May. In the selection of partial stock funds, investors should pay attention to funds with strong stock selection ability and operate cautiously, because the risk of market shock is still large.
2. Bond funds: The overdraft policy of the bond market is loose, and the short-term pressure is gradually emerging.
In May, the bond market performed well under the environment of further relaxation of liquidity and poor economic data, and the increase of debt base approached partial stock funds. In the medium term, the market environment is still favorable to the bond market, the probability of economic data continuing to decline is high, and the policy relaxation is expected to be strengthened in the future; With the continuous downward trend of inflation, China officially entered the interest rate cut channel, which is good for the bond market. However, in the short term, bond yields generally fell sharply after RRR cut interest rates. To some extent, the overdraft policy has loose expectations for bond yields. The market has great differences on the future rate of return, and short-term pressure has begun to appear.
3.QDII fund: the European debt crisis continues to ferment, and QDII is under pressure in the short term.
The deterioration of the European debt crisis in May led to a general decline in global stock markets and commodities. Us stocks suffered a black may, and the Dow fell by about 6.2% in may, the biggest monthly decline in two years. The standard & poor's 500 index fell by about 6.3%; The Nasdaq fell by about 7.2%, the biggest monthly decline since May 20 10. Affected by this, QDII funds fell sharply in May, oil and gas theme QDII and QDII investing in emerging markets fell sharply, and bond QDII and mature market QDII showed resilience. Looking forward to June, the trend of continuous fermentation of the European debt crisis has not changed. The risk of Greece exiting the euro zone is still high, and QDII funds will continue to be under pressure in the short term. Relatively speaking, the American economy has certain advantages, and investors should pay more attention to the investment opportunities in the American market.