Recently, the market has continued to fluctuate, with the Shanghai Composite Index hovering around 3,300 points, technology and pharmaceutical stocks falling, and the Growth Enterprise Market index depressed. However, judging from the downward trend, it is coming to an end. Bian Xiao compiled here which funds are worth holding for a long time, for your reference, and I hope you can gain something from reading!

Balanced fund

The investment styles of different fund managers are reflected in the labels of "value style" and "industry style" on products. Some investors like the big market value style, some investors like the small market value growth style, but in the face of volatile markets, many investors prefer the balanced market value style. The reason is also very simple. Since the market value style is rotating, it is better to consider holding a fund with a balanced style for a long time than worrying about the fund manager's poor grasp.

First, let's take a look at what a balanced value fund is.

From the perspective of asset allocation, it is a fund with less fluctuation and less risk through dynamic adjustment between stocks, bonds and other assets.

In terms of investment style, that is, investing in value stocks and growth stocks at the same time, investing in stocks of multiple industries, and achieving a state of moderate risk.

Through the above definition, we find that by buying a balanced fund, we can spread the funds to low-related investment tools. Rational allocation of different styles of balanced value funds to avoid simplification of investment portfolio can help investors pursue returns in different market environments. We should strike a proper balance between high returns and high volatility when investing in stocks and low returns and low volatility when investing in bonds.

At present, the domestic epidemic situation in the market has been controlled, and economic production has recovered to lead the world. With exports exceeding expectations, financial strength and stable consumption, the domestic economy continues to recover. Therefore, there are obvious structural opportunities in the market. At present, the superposition of comparative advantages of domestic economy leads to the continuous appreciation of RMB. The central bank may slow down the appreciation of the exchange rate by expanding the table, which is conducive to maintaining market liquidity neutrality. Thanks to the change of market style, the balanced allocation of funds is expected to bring excess returns.

So how to choose a balanced allocation fund? To choose a good balanced fund, we must first choose a trustworthy fund company. We can make a comprehensive judgment by comparing the performance level of funds under various fund companies, the personnel stability of fund managers and the strength of investment and research teams.

Equity-debt balance fund

The fund manager's latest investment view shows that the fluctuation of the bond market will change the market behavior, but it has no substantial impact on the overall upward trend, and "gradual economic recovery" is still the main investment line. Under the strategy of "stock-debt balance", not only high-grade and high-quality bonds have investment opportunities, but also procyclical sectors and white horse stocks with rising consumption and liquor, and the investment logic is solid.

The equity fund manager said that combined with the fundamental situation, the market will still maintain a medium-term upward trend. At present, the strategy of "stock-debt balance" can be properly considered. On the one hand, the impact of bond market volatility on A shares is short-lived, and funds will continue to chase high-quality securities; On the other hand, at present, the trend of individual stocks is clearly differentiated, and the stocks that continue to fluctuate upward are basically positive-oriented blue-chip stocks. Disassembling good factors into the profit statement of enterprises and ensuring their certainty are the basis of investment profit.

Equity-debt balanced funds have performed well in the recent volatile market environment, and some equity-debt balanced funds have still achieved positive returns in the past month, although many funds have withdrawn.

In the long run, balanced hybrid funds and partial debt hybrid funds perform better. Among the 62 balanced hybrid funds and debt-biased hybrid funds that can be counted, 8 funds, such as Bank of Communications and E Fund, regularly pay the double interest balance, and E Fund's return rate in recent five years has exceeded 100%, and the net growth rate of 17 funds has exceeded 50%.

In a volatile city, the strategy of stock-debt balance has become one of the magic weapons for fund managers to overcome fluctuations. "The stock position of the stock-debt balance fund is 30%-65%. When the market is good, you can share the gains from the market rise. If there is market adjustment, its stock position can be moved by 30%-65%, and the high probability can be less than the retracement of stock funds. " A bank channel financial manager said.

A fund that can span bulls and bears

First of all, "choosing a fund is choosing a fund manager". Why buy a fund? Many investors' answers must be because they believe that China can win, they are optimistic about the long-term economic development trend of China, and they believe that the professional investment of fund managers and fund companies is more reliable than their own stock trading, and the possibility of obtaining excess returns is higher.

Then, if you can withstand greater fluctuations and want to earn more, you can buy some excellent active partial stock funds, that is, funds that can cross bulls and bears, so that the investment winning rate is greater. Like Fu Pengbo, Zhu Shaoxing, Xie Zhiyu, Yang Hao and Zhou Weiwen, they are all excellent long-distance running fund managers in China, and the funds they manage are more comfortable to buy.

Secondly, choose a fund with stable long-term income that can span bulls and bears. Considering that China's capital market usually has a cycle of 3-5 years, it takes at least one bull-bear cycle for a fund suitable for holding heavy positions to be established, and it can only provide us with useful reference data if its performance can continue to be excellent in the long-distance running for 3 years or even 5 years.

In addition to choosing the right fund, adhering to the long-term investment concept is also an important factor to avoid short-term losses. Short-term profit may be a fluke, and long-term profit will test the strength of investors. There are not necessarily "winners" in investment, but there can be "long-term winners".

Finally, the agency believes that the current market is more suitable for the balanced allocation that has been continuously suggested before, that is, investors are advised to stick to the bottom position and sell high and suck low appropriately. In terms of specific opportunities and allocation, with the continuous recovery of the fundamental prosperity, the repair of low valuation and cyclical sectors will be improved again, and the current cost performance is high, which is a good opportunity for the target; In addition to the previously suggested standard cycle stocks, the sectors expected to be higher in the "14 th Five-Year Plan" policy, such as new energy, military industry, semiconductors, etc. It is also a variety with high market attention under the policy expectation, and it can continue to be tracked; In addition, from the perspective of prosperity, machinery, household appliances, chemicals and other sectors have strong prosperity, or will be continuously concerned by funds.

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