Active fund or index fund? This is a problem that many investors often struggle with. Some people say that in the case of a bull market, you should buy active funds, which are more volatile and have better returns. Others say that index funds can reflect the overall performance of the sector, which is more suitable for ordinary investors and has lower risk. In the current good market situation, how to better grasp the investment opportunities?
In the second quarter of this year, the electronics, computer and communication industries returned to the high point at the beginning of the year, and the national defense, military industry, medicine and other industries also made high profits. The enthusiasm of investors was once again ignited, and actively managed stock fund products once again gained high positions. The scale of fund products raised by star fund managers, such as Southern Growth Pioneer and ICBC Quality Growth, all exceeded10 billion copies. I have to admit that if you choose the right active fund, you will definitely get good returns. But is the index fund not competitive in this case?
This point still needs to be questioned Index funds track the index, which is a combination of multiple stocks in the sector, so its volatility will be lower than that of individual stocks. However, in the bull market, the growth index will also show high volatility, such as some industry indexes and growth enterprise market index. Growth enterprise market refers to the highest increase of 6 1.29% since the beginning of this year (2020-07- 15), and medicine refers to the increase of 59.67%, and the income is very considerable.
We all know that 20 15, 20 19 and this year can be said to be a bull market, and the market performance is good. Let's compare the performance of active funds and growth growth growth enterprise market in the market in the past three years.
20 15
2015 (2014.12.31-2015.12.31) for the whole year, the growth enterprise market index experienced a bull market surge. There are 496 active funds * * *, the average income is 49. 18%, and the median is 47.7 1%, while the growth rate of Growth Enterprise Market (GEM) is 85.88% in the same period. It can be seen that the average level of active funds is still far from the GEM index. Among 496 active funds, the GEM index ranks 35th, and only 6.85% of the funds outperform the GEM index.
20 19
2019 (2018.12.31-2019.12.31) The overall trend of the Growth Enterprise Market is on the rise. All the active funds established are *** 106 1, with an average rate of return of 45.85% and a median of 44.20%, while the growth rate of Growth Enterprise Market (GEM) is 43.79% in the same period. Among the active funds of 106 1, the GEM index ranks.
2020
From the beginning of 2020 to this month (2020.1.1-2020.7.1), the growth enterprise market index rose slowly to rapidly. All the active funds whose return data is *** 1403 have an average return of 24.47% and a median of 23.92%, while the growth rate of the Growth Enterprise Market is 34.56% in the same period. Among the active funds in 1403, the Growth Enterprise Market Index ranks 308, and only nearly 22% of the active funds outperform the Growth Enterprise Market Index during this period. It can be said that this period
Comparing the data in the above table, we can conclude that the overall performance of GEM is not worse than that of active funds, even better than that of most active funds in most bull markets. The overall income level of active funds is uneven. Although in every bull market stage, we can find many active funds with amazing performance, but if the blind touch the elephant, it is better to choose index funds directly.
In recent two years, active funds with good performance are mainly concentrated in growth stocks, and similar comparable GEM index returns are also outstanding. Only a few excellent active fund managers can beat it. The problem is that the star fund manager only discovers that it is a star fund afterwards, and it is difficult to predict its future as a star fund in advance. Therefore, if you can't choose the excellent active fund, it is better to choose the index fund.
John Berg once said, "Never try to find a needle in a haystack", reminding investors that there are very few star fund managers who can continuously lead the market. Instead of spending a lot of time just looking for the possible "needle tip", it is better to forget the needle and buy the whole haystack-choose an index fund with diversified risks and lower prices to diversify investment.
Risk warning: This information is for reference only, and does not constitute any publicity materials, investment suggestions or guarantees for any business of our company, and does not serve as any legal documents. The fund manager promises to manage and use the fund assets honestly and diligently, but does not guarantee that the fund will make a certain profit or the minimum income. Investors should read the fund contract, prospectus and other legal documents in detail when purchasing the fund to understand the specific situation of the fund. The performance of other funds managed by the fund manager and the past performance of investors do not predict their future performance, nor do they constitute a guarantee for the performance of the fund. Fund investment needs to be cautious.
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