GF Shuangqing and other funds’ single-quarter net value growth profits are negative.
Single quarter net profit growth is negative fund investors need to guard against the high guard Source: Securities Market Red Week Author: Wang Hua every issue special public fund a fortune of time, most attention is Awkwardness fund managers and investment strategies, investors generallyRarely pay attention to the financial indicators.
In fact, financial indicators can to some extent reflect the marketing behavior and investor preferences of fund companies, and should also attract the attention of fund investors.
As of the close of November 14, the first public offering product that doubled in revenue during the year was officially launched, and the net value of Guangfa Shuangqing’s initial upgrade so far has reached 101.
28%, ranking first among mainland equity funds.
However, from the latest quarterly earnings report, the fund’s third-quarter profit was about -948.
650,000 yuan, meanwhile, the average budget share profit of the third quarter is about -0.
0795 yuan, why does the fund’s profit for the quarter appear negative?
According to statistics, in the third quarter, a total of 53 active equity funds showed positive changes in the third quarter when they received positive returns. Among them, there were many products that performed well since the year.
In addition to the upgrade of GF Shuangqing, as well as the financial and asset management consumer selection season, the consumption + technology configuration framework is maintained. The consumer sector has increased its holdings in medical industry stocks such as WuXi AppTec, and the technology sector has newly entered consumer electronics such as Sanan Optoelectronics.For individual stocks, the fund recorded a single quarter of 3.
23% increase, but in the third quarter, fund profits decreased by 390.
630,000 yuan, similar funds also include Southern Information Innovation.
Looking at the change in the size of the fund, it is not difficult to find the reason for the negative profit of the fund: reorganization, the outstanding performance this year has caused a large number of investors to purchase, these funds have increased in size in the third quarter, and GF Shuangqing upgraded from 0 at the end of the second quarter.
4.9 billion to 8.
6.3 billion, a scale increase of 16.
At 74 times, the scale of Caitong Asset Management’s consumer selection also increased by more than 10 times, from 2.
4.8 billion to 27.
At the same time, in the middle and late September, some stocks in the technology sector adjusted. China Software, Ziguang Guowei and other stocks adjusted by more than 10% during the period, and the corresponding fund performance also changed significantly. GF Shuangqing upgrade and Caitong asset management consumer selection.The maximum drawdowns in September were 8.
64% and 3.
Judging from this, some funds may be purchased at the high point of the fund’s net worth, and the fund’s profit will turn from positive to negative due to the short-term retreat at the end of the quarter.
Yield rate has always been the main reference index for investors, and also the main reference basis for evaluation indicators such as investment stability and anti-risk ability, but fund announcements are often said. Historical performance does not represent the future. Historically, the index and industry are extremely popular.Examples of decay abound.
Investors should also choose indicators around the rate of return in a timely manner. Taking the GF Shuangqing upgrade as an example, the fund showed strong potential in the first half of the year, but the scale growth was not obvious. Investors can then think about the fund at that time.Whether there is a factor of “good fortune” in the outstanding performance, then decide whether to enter after the net worth soars.
The increase in net value fluctuations or the growth of performance changes, the negative quarterly profit also includes changes in fund investment strategies that cause changes in net value changes.
In fact, in the first half of the period, there were too many products with prominent gains, but the net value of some funds increased in the second half of the year, and the net profit in the latest quarterly report was negative.
For example, Nuoan and Xin responded with short positions in the first quarter and missed the opportunity for the first wave of market rebound. In the second quarter, the fund began to increase positions in semiconductor, 5G, and independent controllable core technology companies. The growth rate once exceeded 40 in the second half of the year.%, But through the phase adjustment of Zhaozhaoyi Innovation, Wingtech and other stocks, the fund appeared at the time of the quarterly announcement.
34% maximum retracement.
Similarly, the performance of Nuoan’s own small and medium-cap funds in the second half of the year changed significantly, and even triggered 24.
Since this year, the fund has given higher weight to the leading companies in the fields of consumer manufacturing, technology manufacturing and modern services, but the phase adjustment of Changyu A, Yili, China Unicom and other stocks has significantly increased the shock of the fund’s net worth.
The same situation also occurred in the value advantage of Nord, the adjustment of its selected Hengshun vinegar industry, Liling mustard and other consumer stocks caused the overall net value of the fund to decline in the second half of the year.
Because the fund is only engaged in a single 重庆耍耍网 investment activity, the financial indicators published in its quarterly report are significantly different from the characteristics of listed companies in the military’s comprehensive activities; and due to the variability of the fund’s total, individual larger funds due to market conditionsChanges may expand and contract sharply: firstly reflected in the huge changes in asset data; secondly, performance growth may trigger large-scale purchases, and have a more complex impact on income. After the available funds have risen sharply, fund managers are likely toChanging conventional investment strategies has led to increased profits or expansion.
Therefore, in order to regulate rules and regulations, investors need to be vigilant against larger funds and pay more attention to the fund’s financial reports. In addition to the fund’s heavy storage stocks and fund manager strategies, the citizens can properly pay attention to the scale effect and financial status of the fund.data.
After all, the fund report is much simpler. You only need to understand some important content and financial indicators to quickly understand the overall situation of the fund operation.