Hello, host, the annual rate of return of the fund was so high in 2006, which is probably a "once in a century"!

It is impossible to have a high rate of return now!

After entering 2008, the cumulative performance increase of funds was reset to zero and recalculated, and the nightmare of various funds officially began.

From the trend chart, we can find that from January to May, the fund's net value growth rate in a single month was completely "sneaking underground."

Statistics show that in January and February 2008, the average net value of funds still maintained a small decline. In January, the weighted average decline of stock funds was 2.26%, and the decline of partial stock funds was 1.33%; in February, the weighted average decline of stock funds was 2.26%.

The net value fell by 0.11%, while the equity-oriented stocks stabilized and rebounded, with the net value slightly increasing by 0.23%.

But in March, the CSI 300 Index fell sharply by 21.90% in March, the largest single-month decline since mid-2005.

In March, the net value of funds with stocks as their main investment direction also shrank significantly.

Among them, the unit net value of index funds shrank the most, with an average of 20.50%; stock funds and hybrid funds followed closely with declines of 17.81% and 16.83% respectively.

In the first quarter of 2008, funds with stocks as their main investment direction collapsed across the board.

Among them, the net value of stock open-end funds fell by an average of 22.58%, and the net value of hybrid open-end funds fell by an average of 20.81%.

In April, after the Shanghai Stock Index broke through 3,000 points, it resumed its upward trajectory due to the reduction in stamp duty, and various stock funds also rebounded.

However, in May, the large-cap stocks heavily held by the fund fell a lot, and the fund's stock investment income continued to suffer heavy losses.

According to statistics from Galaxy Securities, as of June 13, the total net value decline of various stock funds this year has approached or exceeded 30%.

Among them, the average decline of stock funds reached 33.23%, and the decline of hybrid open-end funds was 33.34%.

The "halo" of star funds fades away. From the perspective of individual funds, the performance comparison of star funds in the past two years directly explains the meaning of "the times create heroes".

With the unilateral bull market environment no longer existing, the brilliance of star funds in 2007 was unsustainable in 2008.

As of June 13, the net value declines of the top three equity funds in 2007, China Xia Large Market Select, China Post Core Select and Boshi Theme Industry, were 24.66%, 41.38%, and 31.95% respectively. According to the stock fund 33.23

% average decline, last year's top three funds, except China Market, were still at the top of the performance rankings, and the other two funds were ranked outside the top 100 this year.

Some star funds such as China Post Core Selection, which saw a substantial increase in fund size in 2007 due to their brilliant performance, have fallen into the so-called "elephant dilemma."

Jiang Saichun, chief analyst of Desheng Fund Research Center, believes that in the market environment of 2008, funds that were too large were very passive in terms of position and structural adjustments. Especially in this year's drastically changing market environment, the adverse impact of large scale

Highlighted on a single fund.

At the same time, some fund managers have lowered their expected returns for this year as market sentiment continues to be pessimistic.

For example, Taixin Advantage Growth Fund stated at the time of its issuance that the new fund will adopt a low-risk investment strategy for a long period of time after its establishment. Without any loss of principal, the one-year investment income target is determined to be better than CPI.