As of yesterday's close, the market in June has officially come to an end. At the same time, the market in the first half of the year has also ended. Due to the relatively strong market in June, the Shanghai Stock Exchange Index rose by 6.66% in a single month, the Shenzhen Component Index rose by 11.87%, Venture Capital The board has risen by 16.86%, so many friends have started the profit-sharing mode, especially those whose profits this year have surpassed the half-year champion of public funds (52.4%), they are even more bullish.
Some people are happy, and naturally some people are sad. Let’s not talk about those friends who did not make any money in June. Even if they made money in June but did not outperform the market, or they made money in June but their returns this year are still negative. The partners are not in a good mood either. However, Laoshu feels that this is not necessary, because since the beginning of this year, the return rates of the three major indexes are still negative, among which the Shanghai Stock Exchange Index is -6.63%, the Shenzhen Component Index is -13.32%, and the GEM is -15.41, so if the return rate of the small partner If the retracement does not exceed -15.41%, it cannot be considered a leek. And as long as you can make money following the market in June, and the rate of return is between the Shanghai Stock Exchange Index and the GEM, then there is a high probability of unwinding as the market picks up in the future, so there is no need to worry too much.
The above is a comparison with the market itself. Next, let’s compare it with the 100 billion star funds in the past two years.
The first is E Fund's Zhang Kun . Taking the largest E Fund Blue Chip (005827) as an example, the scale was 55.2 billion at the end of the first quarter, the profit in June was 12.72%, and the return rate this year has been -7.01%.
Then there is Liu Yanchun of Invesco Great Wall, representing the product Invesco Great Wall Emerging Growth Mix (260108), with a scale of 39.3 billion at the end of the first quarter, a profit of 16.19% in June, and a profit of -6.95% so far this year. It was better than Zhang Kun in June, and the half-year profit was similar.
Next is Gulen of CEIBS , which represents the product CEIBS Medical Health Mixed C (003096), with a scale of 68.3 billion at the end of the first quarter, a return rate of 17.32% in June, and a return rate of -10.70% so far this year. The return in June is about the same as Liu Yanchun , the half-year income is slightly worse.
Then there is Xingquan’s Xie Zhiyu, the representative product of Xingquan Herun Mixed (163406), with a scale of 27.1 billion at the end of the first quarter, a return of 9.97% in June, and a return of -15.55% so far this year, which is weaker than the above three fund managers. .
Finally, there is GF’s Liu Gesong , which represents the product GF Small Cap Growth Mix (162703). The scale at the end of the first quarter was 9.8 billion, and the profit in June was 16.65%. The profit rate this year has been -3%. The half-year profit is the strongest among the five. .
The five former fund managers with hundreds of billions of dollars above have the best performance this year -15.55% and the lowest -3%. None of them is positive. However, these five star fund managers all have one characteristic, that is, they do not touch new energy. Zhang Kun and Liu Yanchun are in consumption, Gulen is in medicine, Liu Gesong is in technology, and Xie Zhiyu is the most special, with no obvious bias, consumption, medicine, new energy I don’t touch it at all. If I have to talk about style, I can only say that it is biased toward manufacturing. Therefore, the failure of friends to make money in the first half of the year is not due to personal ability, but purely to the market. If the friends did not bet on the New Half Army at the end of May, it is basically impossible to correct this year's income, so As long as a friend's performance can exceed the above five, he can be regarded as a proper master and can no longer be regarded as a leek.
Finally, regarding the recent market, Laoshu’s view is that there may be adjustments in the short term, but he is not pessimistic. Judging from yesterday's market trend, the main uncertainties actually come from the outside rather than from the inside. When the northbound channel was closed and there was no interference from northbound funds, Big A embarked on a domineering market trend of opening low and moving high. Although the trading volume is only 1.15 trillion, which is 0.15 trillion less than the previous trading day, this is when the North Zhang Channel is closed, and the northbound factor should be almost the same as the previous trading day. Therefore, Laoshu believes that the current purpose of domestic investment is very clear, but foreign investment always causes trouble because of the expected disturbance of Federal Reserve interest rate hike , which will aggravate market fluctuations, but the overall impact is limited and will not change the upward trend of the market. Of course, the above is only Laoshu’s personal investment thinking and does not constitute investment advice. Friends, please treat it with caution!
