Chinanews client, Beijing, March 18 (Reporter Xie Yiguan) "Happy Christians are all similar, and unfortunate Christians have their own misfortunes."

　　Faced with the decline in funds, some people became jokes, some sold treasures, and others switched to wealth management products...

Data map.

"Give me a falling base, I can go to the Tucao Conference"

　　Nearly a month after the Spring Festival, "watching the return from positive to negative." has become the voice of many funders.

During the period, a number of hot words were derived, such as "fund green", "deceased mother deny" and "chieve zero queen".

　　Core asset valuations are too high, and the market is concerned about tightening liquidity. Since February 18, the A-share market has experienced a deep correction. Although the stock market has counterattacked during the period, the Shanghai stock index has continued to fall as of the close of March 16 At 5.7%, the Shenzhen Component Index fell 14.53% and the ChiNext Index fell 21.73%.

　　From the disk perspective, the previous high valuation sector encountered "Waterloo", the group stocks of liquor, medicine, new energy and other institutions were smothered, and the income of many Christians took a "slip".

　　According to iFinD Straight Flush data, from February 18 to March 16, the net value of 7,142 fund products fell in the market, of which 4679 fell more than 5% and 3557 fell more than 10%.

　　From "why can't young people escape being cut due to a plunge in the fund" to "funders have lost so much that there is no turmoil", and then to "fund narrative awards", fund-related topics have become "frequent visitors" on Weibo hot search lists, comment The district is even more like talking about the scene of the conference.

Screenshot from Weibo.

　　"The security asked me to show the green code. I accidentally opened the fund and the security let me in." "What should I do if my eyes are tired at work? Just open Alipay and look at the green."

　　"Xin Qiji", "Du Negative", and "White Trading" all appeared in the comment area: "Close the door and saw the leek, drinking the porridge." "The fund went down three thousand feet, and the daughter would never come back." Old, the right way in the world is short positions." "The fund is on the south bank of the river again. When will the moon ask me to pay it back?"

　　"Yu lose pay", "Hu cut", "Gu Juji", "Lose to fight green", "Negative salary fight" to play CALL online, Li Zongsheng's "Hill" seems to be very suitable. The sorrow of and, before I saw Wan Shuhong as I wish, I lost my principal first."

　　Regarding the phenomenon of netizens "turning grief and anger into jokes", "the real situation is not humorous, after all, the mentality has to be hedged." Some netizens explained, "When you feel so depressed that you can't alleviate it, only the same people can cure you."

A total of "fish" in adversity!

"The fund lost, tearfully transfer XX"

　　Faced with the sharply shrinking assets, many people began to look for ways to make up for the "shortfall". Some people "work five jobs a day", and some people go to Xianyu to sell "family properties."

The picture comes from the Internet.

　　Searching for "funds lost" in Xianyu reveals a lot of resale information, including jewelry, bags, digital products, collectibles, etc.

　　"The fund has lost money to beg", "Because the fund is losing money, I sold everything that can be sold." "Recently, stock funds are all green and urgently need to return blood to cover their positions." On the product details page, it is simply "full of tears." There is a feeling that "Jiangnan Tannery has closed down, and all bags are sold for 20 yuan."

Screenshot from Xianyu.

　　Faced with the reselling of goods by Christian citizens, on March 12, Xianyu issued an open letter: Recently, due to market fluctuations, more than 200,000 people poured into Xianyu in just one week, saying that "funds have lost" and seeking blood.

He also advises netizens to "the fund has lost, and it is convenient to sell it idle, but don't leave precious memories just to recover the blood for a while."

Platform and fund managers become "psychological masseurs"

　　It’s not just Xianyu who writes to investors. The capital circle is now "fashioning" by writing letters.

　　On March 9, Alipay·Wealth Management Think Tank issued a "Letter to Investors": "In the face of volatility, we must first stabilize our mentality. Short-term market volatility does not affect the long-term value of equity investment."

　　"For investors who are willing to extend the investment horizon and have higher risk tolerance, in the current situation of increased market volatility, they should believe in the power of professionalism and give high-quality funds with rich investment experience, comprehensive capabilities and strong retracement control capabilities. Managers take longer to carry out professional operations and spend time in exchange for investment appreciation."

　　A review shows that ICBC Credit Suisse Fund, Ping An Fund, Xinhua Fund, Invesco Great Wall and other fund companies have also issued letters to investors, explaining to investors the reasons for the recent sharp fluctuations in the market and telling investors how to respond to the market adjustment.

　　Even some fund companies said they would adjust their positions accordingly.

For example, Puyi Fund stated in the letter, "We will reduce the allocation ratio of equity assets in the portfolio and improve the portfolio’s ability to withstand market declines. Although this will allow some of the ability to capture the profitability of the market when the market goes up, it will be more aggressive. Effectively ensure the control of portfolio risk."

Data map: Investors in the business hall of a brokerage firm.

　　In addition to appeasing investors, many fund companies have launched self-purchase models to boost investor confidence.

Wind data shows that since the Year of the Ox, from February 18th to March 9th, more than ten fund companies such as Yongying, Fortune, China Huitianfu, Tianhong, and China have made self-purchases, and accumulated self-purchase within two weeks. The amount exceeds 200 million yuan.

　　Behind the active actions of platforms and fund companies is the fear of redemption waves in funds.

　　"Since many investors speculate on funds as stocks, it is easy to form a vicious circle. Whenever the stock market drops, the Christians choose to redeem them, and fund managers are forced to reduce the size of the fund and change the original investment structure and investment style. , May eventually shake the fund’s portfolio investment, making the fund forced to be in a more disadvantaged position." Dong Dengxin, director of the Institute of Financial Securities, Wuhan University of Science and Technology, told a reporter from Chinanews.com.

　　"At present, the net redemption pressure faced by institutions is not great. Research shows that the overall net redemption rate in the past two weeks has been very stable." CITIC Securities said.

Some investors turn to buying wealth management products and bond funds

　　Under the background of the global monetary easing policy in 2020, the main contradiction for investors has become "the contradiction between depreciating money in their hands and not knowing where to invest their money." As a result, many people have set their sights on the hot fund market. All of the money has become a growing number in fund products.

　　However, in the face of a sharp drop in stock fund products, wealth management products and bond funds that fell out of favor last year have become "sweet rice cakes" again.

　　Wind data shows that as of March 12, 16 wealth management subsidiaries have issued 104 products since March.

In contrast, the number of new funds issued since March has both dropped, and many new funds have even extended the fundraising period. The "Sunlight Fund" that frequently appeared in January has not been seen.

Data map.

Photo by Chinanews reporter Li Jinlei

　　"When the fund was booming, I looked down on the income of wealth management products. Now the fund has fallen horribly. I found that the steady income of wealth management products is still very good." You Jimin said.

　　Part of the debt base also "opened the door to welcome customers."

Recently, Pengyang Chunxiang Bonds, TEDA Manulife Profit Bonds, China Southern China Bond 1-3 Year China Development Bank Bond Index, Southern Zhaoyuan, Green Hongyuan Pure Bonds, China Europe Credit Growth and other bond funds announced the resumption of subscriptions and large Amount subscription or individual investor subscription business.

　　"In our country, many Christians have not formed a rational style in their investment. They will redeem and reinvest when the fund drops." Dong Dengxin pointed out that fund companies and others need to popularize fund investment knowledge to the Christians. After all, fund investment cannot be like stocks. Short-term speculation must be held for a long time, at least three to five years, so that relatively stable and relatively satisfactory returns can be obtained.

　　Did you buy the fund?

Have you lost money recently?

(Finish)