In 2020, due to the central bank's interest rate cuts and RRR cuts, the yield of domestic financial markets has increased significantly compared with previous years. Below, let's take stock of some situations and future prospects of the A-share market in 2020.
Note: This text was written in 202 1 0 1 16.
According to the existing data of Public Offering of Fund, it will be 165438+ by the end of 2020. The scale of Public Offering of Fund reached 65,438+08.75 trillion yuan, an increase of 3.5 trillion yuan compared with the end of 2065,438+09, and its scale more than doubled compared with the end of 2065,438+05. Among them, the proportion of equity funds (equity funds and partial stock funds) increased by 9 percentage points, from 265,438+0.59% at the end of 2065,438+09 to 30.70% at present, and the total market value of holding A shares was 3.87 trillion RMB, accounting for 6.75% of the total market value of the two cities.
Due to the public offering of equity funds in 2020, the average rate of return will reach 30%, calculated according to the share of 2 1.59%, that is to say, the income from equity investment has contributed 6 percentage points to its share growth. The remaining share growth of more than 3 percentage points was generated by issuing new funds.
Therefore, it is not difficult to see that the scale of Public Offering of Fund is constantly expanding, and the allocation share of equity assets is also constantly improving, and it is even expected to gradually become the mainstay of the capital market.
There is no information about finding private equity funds at present, but according to the scale trend of Public Offering of Fund, I believe that the allocation of equity assets of private equity funds is also constantly improving. Including foreign capital, from the data of capital flow to the north, foreign capital is also increasing the scale of investment in A shares.
Incremental funds In addition, the future incremental funds of A shares will come from residents' savings, insurance funds, social security funds and products of bank financing subsidiaries.
1. Because the state advocates housing instead of speculation, residents' savings will flow from the housing market to financial allocation, including purchasing funds, stocks, dividend insurance, bank wealth management products, etc.
2. In 2020, the state set a differentiated management for the proportion of equity investment in insurance funds. The upper limit of 30% of equity investment can be adjusted to a maximum of 45% of the company's total assets. Here is a hint: insurance funds can be directly invested in the stock market.
3. The pension market is expected to accelerate, and the market value of American pension stocks accounts for 20%-30% of the total market value. In contrast, the proportion of China's total pension holdings in the total market value of the stock market is less than 10%, which shows that there is still much room for improvement in the allocation of domestic pensions to A shares. Here is a hint: most pensions are managed by public institutions, and Public Offering of Fund can directly invest in the stock market.
In April 2019, the bank's financial subsidiary was A-share, which brought 500 billion RMB in incremental funds. With the establishment of more financial subsidiaries in the future, I believe it will become a force that cannot be ignored in A shares.
On the whole, because the country advocates housing rather than speculation, the future residents' saving methods will be more reflected in financial management. For example, buy funds, stocks, comprehensive insurance, bank wealth management products, and increase pension expenses. However, these methods will directly or indirectly affect the stock market. Therefore, there is strong financial support behind A-shares in the future, and it will become the new normal for institutions to jointly hold value stocks.
Finally, give you a hint. If most of the positions you have now are in first-line leading enterprises. Then you don't have to worry about whether the market will crash next. Don't worry, take it well, eat when you should, sleep when you should, and worry is totally unnecessary. You just need to wait for the day when the index volume is released, and the decline rate is more than 3~5 percentage points. Just remember to get off at that time.
Also, if you are in an empty position and don't get any leading stocks in your hand, then don't chase them up for risk reasons. In fact, many high-quality second-and third-tier enterprises are often forgotten by funds, so from this perspective, attracting some high-quality second-and third-tier enterprises will be a good choice.
Forward, share and like this article, and more exciting investment information is waiting for you!
I am a stock market dry goods gentleman, a professional investor who is committed to digging up a good company.
* This article has been signed by the rights protection company, please do not copy it privately! Offenders will be prosecuted!
* Disclaimer: This article is for reference only and does not constitute any investment advice!
* The stock market is risky, so be cautious when entering the market. Investors need to make their own decisions and take investment risks.