Sino-Singapore Jingwei, January 26th (Gao Bining, Fu Yumei) "Is the fund crazy, or am I crazy?" "I just opened the phone and saw the fund settlement, nothing in the world can hurt me!"
Recently, the fund has been on the hot search again.
Looking back at the beginning of 2021, the fund market was quite hot, and the fund rally once became a hot topic on social media.
The subsequent downward adjustment of the market has broken many investors' dream of "relying on buying funds to achieve financial freedom".
There are also netizens on Weibo who said, "The recent fund is like a scumbag. I slapped it with a candy, which made me stick to it."
Fund Manager: My mother-in-law asked me why I fell so much today?
"My mother-in-law asked me why I fell so much today?" On the evening of the 25th, Sheng Fengyan, the quantitative investment director of Western Profit Fund, updated the "mother-in-law's small theater" on Weibo.
At the close of the day, the three major A-share indexes all fell by more than 2%, the Shanghai Composite Index fell below 3,500 points, the Shenzhen Component Index fell below 14,000 points, and the ChiNext Index broke 3,000 points.
The market fluctuated, funds plummeted, and many netizens complained on social platforms.
At the beginning of 2022, Sheng Fengyan went out of the circle because he posted on Weibo, "I don't dare to go to my mother-in-law's house for a meal because I have fallen in the past few days."
He also said in the comments, "This month I lost my mother-in-law's pension for a year." On the 23rd, he also posted a Weibo saying: "
My mother-in-law has been forced to 'long-term investment'. Earnings won't be bad.
"
Weibo screenshot
Do you still remember the "kun kun" of those years?
When the fund became popular, star fund managers such as E Fund Zhang Kun were very popular among young people.
It can also be seen from the financial reports of major fund companies in the 2021 fund quarterly reports that the management scale of many star fund managers has also improved to a higher level.
At the end of 2021, China Europe Fund Manager Ge Lan’s total scale will reach 110.339 billion yuan, ranking first in the total management scale of equity funds. E Fund manager Zhang Kun ranks second with a total management scale of 101.935 billion yuan.
In terms of fixed income products, E Fund manager Zhang Qinghua topped the list with a total management scale of 135.76 billion yuan, while Hu Jian and Lin Sen, the other two E Fund managers, ranked second with a total management scale of 120.593 billion yuan and 107.104 billion yuan respectively. three.
However, the data also shows that the performance of many funds at the helm of the top fund managers
is not satisfactory, but the scale continues to grow. One of the reasons is that many Christian Democrats are "adding positions while falling"
.
Take E Fund China Concept Internet 50ETF as an example, the fund will drop by 41.69% in 2021, but its scale has increased by more than 20 billion yuan in the same period.
Also in 2021, the funds that will see a decline in net worth and a surge in scale include China Merchants China Securities Liquor Index (LOF) A and China-Europe Medical and Health Hybrid A.
The latest survey of fund investors by Tiantian Fund.com shows that as of December 28, 2021, the annualized return of active equity funds (including stock investment funds and hybrid funds) in 2021 will be nearly 9%; at the same time,
53% of the interviewed Christians have a negative annual rate of return, 35% of the interviewed Christians said that the annualized rate of return is within 10%, and only 9% of the interviewed Christians said that the annualized rate of return can reach 10%-30%
.
"I made a profit in 2020, I thought it would be easy for the fund to make a profit, but who would know that it would lose money in 2021." Unexpectedly, many Christians have not yet recovered from their sorrow in 2021, and they have been severely attacked in early 2022...
Weibo screenshot
Fund Xiaobai: Glad to "cut the meat"
What pits did the old and new Christians fall into and what meat did they eat?
Sino-Singapore Jingwei talked to a number of Christians who entered the market sooner or later to see if there is any shadow of you?
Zhou Nan, who is studying for a doctorate in history, told Sino-Singapore Jingwei that he has been buying funds since the end of 2020, and the annual rate of return in 2021 has been achieved. 10% off.
Looking back at the process of buying funds, Zhou Nan admitted that he stepped on a lot of thunder: too scattered positions, chasing up and down, frequent redemption and other common mistakes of "fund novices" have all made a round of common mistakes, the result is "buying anything is not good, high level First place on guard".
The "National Public Fund Market Investor Status Survey Report (2020)" released by the Asset Management Association of China shows that there are many novice investors among the large increase in individual fund investors in 2020.
Zhou Nan is one of them.
In the past year, Zhou Nan has also learned relevant investment knowledge, and his self-perception has changed from being a pure "fund novice" to "gradually finding a way".
But he still admitted frankly, "I learned a lot of extra-professional knowledge, but the operation of buying stocks and funds is too inhumane."
In the end, considering the time cost and emotional cost, Zhou Nan, who lost 10% of the principal, completely "cut the meat" and left in November last year.
In an interview, he expressed that he was very fortunate that he chose to "cut meat" and at least missed the latest wave of callbacks.
Senior Investors: Smart Investments That Lost to Parents
In addition to the disappointment of the "rookie" base, investors with many years of experience in investing in funds are also less profitable than expected.
"The fund has become popular in the past two years. My parents were not interested in these things, but last year they took the initiative to recommend the fund." Senior investor Shen Yue said that he watched the trend every day, and increased or decreased positions according to the latest situation. After the parents bought the bottom warehouse and set up the smart fixed investment, they did not operate it again.
To Shen Yue's surprise, a year later, Shen Yue also made several mistakes such as taking profit too early, but the return rate of his parents was higher.
The "Public Equity Fund Investor Profit Insight Report" launched by Invesco Great Wall Fund and other three fund management companies shows that as of the end of the first quarter of 2021, the proportion of profitable people and the average return rate are positively correlated with the age group, and investors under the age of 30 invest The average return rate of investors is less than 3%, and the proportion of profitable people is less than 50%; while the average return rate of investors over 60 years old is 19.05%, and the proportion of profitable people is 60.42%.
The data shared in the "Annual Investment Education Conference" organized by Ant Wealth and a number of institutions also shows that
investors' irrational financial management behavior may "wear out" nearly half of the yield
.
The fourth year of buying a foundation: choice is more important than effort
2021 is the fourth year for Qian Jing to buy the fund. She believes that she has never made mistakes such as "chasing up and down, frequent redemption", but 2021 has become the year she lost the most money.
The reason is that no matter how accurate the timing of
“buy low and sell high”, and the stable investment mentality of “fixed investment and long-term holding”, it still cannot stop the mistakes of choosing the wrong sector and “choosing the base”.
This also made her sigh, "Choice is more important than effort."
目前，中国公募基金市场共有9152只基金，如何从中挑选出优质公募基金产品，对不少投资者而言都是一道难题。回顾2021年的各板块表现，不难看出行情分化的趋势。投资者选择把鸡蛋放进哪一只篮子，很可能就决定了牛熊之别。
2021年最令人印象深刻的可能还是中概互联的跌势。全年中证全球中国互联网指数跌幅为50.35%，在各大社交平台都可见到网友以“中丐互怜”自我解嘲的评论。
钱静则表示，自己亏钱的原因只有一个，就是补仓医疗的目标过于坚定。“对这个板块的基金非常看好，但是没有意识到，对于投资者普遍看多的行业，实际上投资门槛更高了。我就坚定价值投资的信念，即使腰斩也没放弃，
谁知腰斩不是终点，后面还有脚斩
。加仓给这只基金也导致我买其他基金没有子弹了。”
目前，钱静还未能“解套”。当被问及下一步如何调仓时，
她分享了一份“市场下跌安抚话术”并表示，自己还能再持有一段时间，“根据这套话术，浮亏还不算亏”
。
虎年后市如何？
多位基金经理在基金四季报中承认，组合的回撤情况不尽如人意。中泰星元基金经理姜诚则在四季报中如此写道：“
股市常态或许将是：一群聪明人在试图以比别人更聪明方式来成为赢家，最终多数人却成为输家。
”
展望2022年，从各家机构观点来看，机构普遍并不悲观。“稳增长”是多次出现的关键词，机构似乎对节后反弹已经形成共识。
摩根士丹利华鑫基金指出，未来伴随“稳增长”政策细节持续出台、前瞻指标可能改善和国内增长逐步企稳，市场情绪也有望修复，预计“稳增长”风格可能会持续到一季度末左右。
华夏基金则表示，虽然市场在波动过程中持续走弱，但本轮指数的调整幅度和持续时间相对有限，从性质上判断，大概率类似于2021年2月底和2020年3月初的下跌，持续性不会特别强。
"It is expected that with the restoration of risk appetite after the holiday, especially the effect of the policy of stabilizing growth, the market will still have opportunities to rebound. In terms of investment opportunities, we believe that under the policy of stabilizing growth, the domestic economy is expected to see improvement in the first quarter. Steady growth-related power investment and new energy chain, real estate infrastructure industry chain, digital economy and other aspects will still be relatively prosperous, after a substantial adjustment, the configuration cost performance has been significantly improved, and the market outlook can be more optimistic."
(At the request of the interviewee, Qian Jing, Zhou Nan and Shen Yue are pseudonyms in the text.)
(Sino-Singapore Jingwei APP)
(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)