Recently, with the recovery of the market, many star funds have recovered their lost ground and have gradually returned to the high point in February. Bian Xiao sorted out here whether the net value of the fund can still be bought after such a high rise, for your reference, and I hope you can gain something from reading!

Can you still buy a fund with such a high net worth?

In fact, whether the fund products can be bought is not necessarily related to the current increase or the net value of the fund.

The higher the fund's net worth, the higher the fund manager's stock selection ability and portfolio management ability. For the stocks held by the fund, professional fund managers will dynamically adjust the variety of positions according to the position valuation. As long as the fund manager has strong investment strength and good fund performance, the net value of the fund has the potential to continue to rise.

First of all, the withdrawal of funds often lags behind the market.

Ordinary investors are often not as efficient as professional investors in grasping opportunities and accurately grasping the rhythm.

The fund's "out of the circle" is often when the investment outlet or short-term performance breaks out. When we notice them, it is often when the market has gone up for a round.

Secondly, there is a contradiction between the scale and income of the fund.

The fund's going out of the circle is often accompanied by the expansion of its scale. The rapid growth of fund scale is a great challenge to the management ability of fund managers, and the difficulty of improving performance will also increase.

First, more stocks need to be allocated. Because Public Offering of Fund has the "Double Ten Rule", considering the liquidity of stocks, it needs to be shared among more stocks. For example, a 2 billion fund may allocate 50 stocks. If the scale is 100 billion, it may need to allocate100 or even more stocks. However, high-quality stocks in the A-share market are still scarce, and the number of stocks that fund managers can track is limited.

Second, it may affect the flexibility of operation. Generally speaking, large bases

Why can't the fund run the index?

In the first case, the market went up, but the fund fell. There are three main reasons:

1. Limited positions of partial stock products.

For example, there is a flexible allocation fund in the market, and the upper and lower limits of the first position are 30%-80%. In other words, in extreme cases, only 80% of the fund's assets can be invested in the stock market at most. Therefore, when the market rises in an all-round way, funds with 80% stock positions will inevitably be slightly inferior to the market index of 100% stocks. But this is not necessarily a bad thing. After all, no one can guarantee that the stock market will continue to rise. In the unpredictable market, this kind of flexible allocation fund, which can enter and retreat, may be more "stable" than the market index.

2. The performance of active products varies greatly.

The performance of some actively managed funds is greatly influenced by the investment ability of fund managers. Many fund managers in the market have different abilities, so the performance of funds is uneven, and they may not all outperform the market.

3. The investment scope is limited.

Many funds belong to industry theme funds, which have certain restrictions on the investment scope. For example, the fund contract of a pharmaceutical theme fund stipulates that more than 80% of non-cash assets should be invested in the field of medicine and biology. If A shares rise sharply but the pharmaceutical sector falls, then the performance of this pharmaceutical theme fund will not be particularly good.

It takes longer for gold to adjust its position and has a greater impact on the stocks it holds.

How to do a good job in fund investment in the current market

(1) Balanced allocation and good position management.

In fact, buying a fund is the same as eating, paying attention to a "nutritional balance." Buying only one product is like eating meat instead of staple food and vegetables, which will lead to malnutrition in the long run.

It should be noted that many citizens will have such a misunderstanding that if they buy more funds, they can achieve the effect of diversifying risks. In fact, if the fund is highly relevant, the risk will not be reduced.

For example, the small and medium-sized Yifangda managed by Zhang Kun and the Jingshun Great Wall managed by Liu Yanchun are rising and growing. Both of them hold high-end liquor such as Kweichow Moutai and Wuliangye, and both have long-term layout of liquor and pharmaceutical biology sectors, so the two funds tend to rise and fall together.

(2) Don't take the shuttle bus, take the fixed investment method.

I am not sure how long the market can be bullish, and I am worried that it is difficult to grasp the low point of investment in the ups and downs. It is better to participate in the way of fixed investment.

Fixed investment does not need to consider timing, but also can reduce investment costs and give play to the investment value of idle funds.

(3) Choose a fund that matches your risk tolerance.

When choosing a fund, don't choose according to which one has risen sharply and which one has been discussed more, but consider it from multiple dimensions, such as the fund manager's ability to obtain excess returns, risk control ability, risk-adjusted returns and so on.

Because of the different investment scope and operation mode, each fund has different risk levels. Before buying a fund, we all want to know whether the fund belongs to the risk category that we can bear, what kind of risk tolerance it has and what kind of risk investment it should make.

Fund-related articles:

★ Should the fund continue to add positions or cut meat and leave?

★202 1 Why did the fund fall?

★ How can the fund be laid out to advance and retreat freely?

★ Market analysis

★ Why is the Hong Kong stock fund full premium?

★ Should the market fluctuation fund be redeemed or held?

★ Which semiconductor industry field has more investment value?

★ The market fluctuated at a high level. Should it make a profit or increase its position?

★ Forbes 202 1 Global Billionaires List

★ Forbes 202 1 Global Billionaires List