Why did the fund fall sharply, how long will it continue to fall, increase or liquidate?
Editor’s note: This article is from the micro-channel public number “Economic Observer” (ID: eeo-com-cn), Author: Chen Shan.
One || Among the newly added “basic people” in 2020, the post-90s account for more than half. “Copying homework” is a common practice for these young investors to enter the fund market for the first time. In addition to buying funds with friends, they are more inclined to follow financial bloggers’ positions to buy and redeem funds.
II || After the market opened in the Year of the Ox, the fund started to fall sharply. The market gave the citizens a big punch and also educates young investors. Young investors who are trying out fund investment for the first time are looking forward to a further financial management path through fund investment.
“Do you think the light on my mobile phone screen is very green?” On the night of March 4th, after applying a joke from the Internet, Lin Lu, a post-90s white-collar worker, joked to the roommate sitting next to her. On the same day, the stock indexes of the two markets opened lower and moved lower. The Shanghai Stock Exchange fell below the 3,500-point mark in intraday trading, and the ChiNext Index fell by more than 5%. As of the close, the Shanghai Composite Index fell 2.05% to close at 3503.49 points, the Shenzhen Component Index fell 3.46% to close at 14416.06 points, and the ChiNext Index fell 4.87% to close at 2851.87 points. The three major indexes closed down sharply, and many fund stocks also suffered heavy losses, causing many popular funds to fall by about 4%-5%.
The six funds held by Lin Lu went green across the board, all falling more than 3%, four of which fell close to 5%. In my impression, this was her worst fall since she invested in a fund in June last year: the moment she opened the fund APP, she found that she had lost more than 1,300.
For the first time in the wealth management circle, testing water fund investment, Lin Lu represents most of the young non-professional investors. They rushed into the market when the stock market and fund market were hot last year, hoping to get a share of the bull market. “Copying homework”, “buying with the trend”, and “chasing ups and downs” are common problems for their initial involvement in the investment market.
Chen Haiping, born in 1995, is still a senior in the workplace. One lives in Harbin and the other goes to school in Fuzhou, but they are all people who like to buy funds with financial bloggers. After experiencing the sweetness of funds at the beginning of last year, even in the face of the ups and downs of the market, they are determined to start with fund investment and start their own financial management. However, Li Xiang, who ended in failure for the first time in the actual fund battle, still regrets after his aggressive operation of “chasing ups and downs.”
At the end of last year, the scale of some funds experienced explosive growth, giving birth to the birth of the first fund manager with a scale of 100 billion yuan, and Xinjimin played a significant role. The quotation of red envelopes that appeared before the Spring Festival this year has attracted many investors into the market. In particular, the outstanding performance of funds holding group stocks such as Shigekura Baijiu has also become the focus of many new foundations.
“I have not experienced the joy of making money enough, I have already started a loss mode or are close to the edge of lossNew energy, small and medium market capitalization and technology sectors will also buy liquor funds on dips.
Nan Xiaopeng, chief financial planner of Shiliu Xuncai and secretary-general of Jiangsu Financial Planners Association, said in an interview with the Economic Observer that the Internet is a mixed bag, with professional voices and non-professional eyeball remarks. The latter, for the sake of flow, is easy to ignore the risk of fund investment and exaggerate the current return. Furthermore, when the market undergoes a substantial adjustment, follow-up investors who are seriously inadequate in risk expectations can easily trigger a wave of redemptions.
It is true that the popularity of fund investment is closely related to the outstanding performance of the fund market, and it also makes the saying “It is better to buy funds” become more popular.
According to data from the China Securities Investment Fund Industry Association, as of December 31, 2020, there were 7913 funds in the public fund market. The overall fund size was 19.89 trillion yuan, an increase of 20.92% and 34.7% respectively from the end of 2019, and In 2020, newly issued funds will also be dominated by equity funds (including equity, hybrid, and closed-end funds), and the scale of newly issued funds has reached a record high of 3.16 trillion. In addition, according to data released by the Galaxy Securities Fund Research Center, from the perspective of average performance, the return rate of standard stock funds in 2020 will reach 54.99%, and the return rate of mixed partial equity funds will reach 59.57%.
According to Lin Lu’s report to reporters on Tiantian Fund.com’s fund holding income, the return rate of his account in 2020 is 13.11%, which exceeds 55.14% of the basic citizens. Chen Haiping’s account income reached 20% at its peak. After experiencing short-term buying and redemption, Yuanye has gone through several waves of market, and the annual increase is only about 6%.
In fact, although he has held positions for more than half a year, what makes Lin Lu really feel that the fund can make money is the time before the Chinese New Year. “Open the APP before going to bed every day, and you can see that the fund account income has risen by several hundred. , Thousands of dollars, and revenue growth is very fast.”
Lin Lu remembered that the principal of 30,000 yuan in her fund had gained more than 8,000 yuan before the Spring Festival. At that time, a friend suggested that she should be safe, but she chose to hold a position for the New Year. And Chen Haiping followed the wealth management blogger and redeemed the baijiu sector fund a year ago.
02 Increase or clearance?
A sudden change in style! After the opening of the market in the Year of the Ox, the fund started to fall sharply. The market gave the Citizens a big punch and also educates young investors.
After the year, the group stocks adjusted drastically, making equity funds, including some star funds, more volatile, and many investors’ earnings before the holiday shrank sharply and even suffered losses. According to Wind data, in the first full trading week of the Year of the Ox (February 22-February 26), 43 (A/C shares are calculated separately) of partial-equity funds fell more than 15% in a week, and 1247 ( A/C shares are calculated separately) The weekly net value of partial-equity funds has fallen by more than 10%. Moreover, the plunge has not stopped. Since March 1. )