crashmultiplayer| Performance "returns blood"! "Top stream" fund managers "turn over"?

Many tens of billions of funds are quietly "returning blood".

As of May 10, the net worth of Yifangda Blue Chip Select managed by Zhang Kun, the first brother of public offering, has increased by 8% so far this year.Crashmultiplayer.7%, and the fund has failed to achieve positive returns for three years in a row.

In addition to Zhang Kun, the products managed by Zhou Weiwen, Liu Yanchun, Xie Zhiyu, Xiao Nan, Hu Xinwei, Zhou Haidong and other fund managers with a management scale of more than 30 billion yuan have all achieved positive returns this year. The products managed by fund managers such as Bao Wuke and Lan Xiaokang even reached the highest net worth since their establishment recently.

"Top flow" and "Blood return"

With the stabilization and recovery of A shares, the net value of funds managed by a wave of "top" fund managers continues to "return to blood". As of May 10, more than 10 billion fund managers have returned to positive performance so far this year.

Among the funds managed by 10 billion fund managers, as of May 10, the returns of Dacheng New Industry A managed by Han Chuang, a well-known Dacheng fund manager, Jingshun Great Wall Shanghai, Hong Kong and Shenzhen Select A, and Dacheng High-tech Industry A managed by Liu Xu have all exceeded 20% so far this year.

Looking at the quarterly reports of these funds, there are resource stocks, technology stocks and Hong Kong stocks that have risen well so far this year, as well as Hong Kong stocks that have rebounded recently. For example, among the top 10 stocks of Dacheng New Industry A managed by Han Chuang, there are resource stocks such as Zijin Mining, Chinalco, Luoyang Molybdenum and CICC; among the top 10 stocks of Jingshun Great Wall Shanghai, Hong Kong and Shenzhen selected A, which Bao can't manage, there are Hong Kong stocks such as CNOOC, Luoyang Molybdenum, China Mobile, Tencent Holdings and so on.

The Castrol value selection managed by Tan Li, a well-known Castrol fund manager, and the Yinhua rich theme managed by Jiao Wei, a well-known Yinhua fund manager, have all returned more than 15% so far this year. Seven of Castrol's top 10 stocks are up more than or nearly 30 per cent so far this year. The Yinhua rich theme has shifted its positions to dividends, and four of the top 10 stocks are up more than 30% so far this year.

In addition, the Yi Fangda consumer selection managed by Xiao Nan, a well-known fund manager, and the Yi Fangda consumer industry jointly managed by Xiao Nan and Wang Yuanchun have all returned more than 12% so far this year. Ruiyuan fund manager Zhao Feng managed Ruiyuan equilibrium value for three years A, China Europe era pioneer managed by China Europe Fund Manager Zhou Weiwen, and BoCom Schroeder fund manager Yang Jinjin gave priority to the trend of silver exchange, with returns of more than 10% so far this year.

Some funds managed by "top" fund managers Zhang Kun, Zhu Shaoxing, Qiu Dongrong, Liu Yanchun and Xie Zhiyu have also achieved positive returns so far this year.

The net worth of several funds reached a new high.

Not only the net worth rebounded, some funds grasped this round of A-share or Hong Kong stock market, and the net worth reached a new high since its establishment.

As of May 10, Jingshun Great Wall Fund Bao unmanageable Jingshun Great Wall Shanghai, Hong Kong and Shenzhen Select A net worth of 2.Crashmultiplayer. 3016 yuan, the highest since its establishment. The net worth of the fund has grown by 21.13% so far this year, 49.61% in the past three years and 106.97% in the last five years. According to the Fund's quarterly report, the top 10 heavy stocks areCrashmultiplayerZijin Mining, China National Offshore Oil, Chuantou Energy, Huaneng Hydropower, Luoyang Molybdenum, Shenhuo, Tongling Nonferrous, Guangxin, China Mobile, Tencent Holdings, among which the shares of Luoyang Molybdenum and China National Offshore Oil have risen more than 50% so far this year.

As of May 10, the net value of China Europe dividend Superior A managed by the China Europe Fund Blue Xiaokang reached 1.5910 yuan, also the highest since its establishment. By the end of the first quarter, the top 10 heavy stocks of the fund were Zijin Mining, China National Offshore Oil, China Merchants Shipping, Sany, Huatai Securities, Sinopec International, China heavy truck, China Shipbuilding, Zhaojin Mining and Jiuli Special Materials. Among them, the share prices of China Merchants Shipping and other companies have risen more than 50% so far this year.

Among the above two funds, there are a number of Hong Kong stocks, and many funds that only hold A-share listed companies have also reached new highs in net worth. Yinhe Junshang An is one of them. As of May 10, the net worth of Yinhe Junshang A was 1.5939 yuan. the top 10 stocks of the fund by the end of the first quarter are: China Shenhua, Industrial and Commercial Bank of China, Guizhou Moutai, Sinopec, Daqin Railway, Ningde Times, Nanjing Iron and Steel Co., Bank of Beijing, Huaxia Bank, Shaanxi Coal Industry.

In addition, Dacheng high-tech industry, Huatai Barretto strategy, Changsheng growth value, and Qianhai open source gold, silver and jewelry funds with heavy positions in Shandong gold, Zhongjin gold, Lao Fengxiang and other gold stocks have all set a new high in net worth recently.

Low-valued A shares and Hong Kong stocks are attractive

Wang Yuanchun, fund manager of Yi Fangda Fund, believes that with the globalCrashmultiplayerHis market has continued to rise over the past few years, and low-valued A-shares and Hong Kong stocks are highly attractive. With the increase of shareholder return, investment-cash flow-shareholder return may form a positive cycle. The current market has a good allocation value.

Jingshun Great Wall Equity Investment Department said that the A-share market, looking forward to the future, the market is still in the resistance range after a low and rapid rebound. In the context of the good medium-and long-term systems such as the new "National Nine articles", superimposed short-term financial protection and smooth economic operation, the downside risks at the index level may be controllable. In terms of the Hong Kong stock market, Hong Kong stocks have performed well recently, showing a rapid rebound under low valuations and rebalancing of internal and external performance-to-price ratios, but the continuation of subsequent gains still depends on the emergence of further "catalysts".

In terms of industry allocation, China Merchants Fund said that investment opportunities are in science and technology manufacturing and growing materials and consumption. The market comes from a decline in uncertainty rather than an upward revision in earnings expectations, so the focus of investment in the middle of the year may be on growth stocks: first, technology manufacturing. Adjust for a long time, pessimistic expectations clear, looking back at the sector where uncertainty is expected to decline, focusing on electronic semiconductors, automobiles, military industry, machinery, communications, innovative medicine plates; second, securities firms and growth cycle and consumer plates. Based on the declining uncertainty in the stock market and expectations of mergers and acquisitions, brokers may have a chance to rebound, while focusing on pharmaceuticals, cosmetics, beer and beverages, and new materials for non-ferrous and steel sectors.

Bosera Fund believes that while the upward slope at the molecular end is still moderating and high overseas interest rates continue, the market will remain volatile and focus on structural markets. Due to the still lack of a high-prosperity direction with continuous verification of fundamentals, it is expected that the market style will still be a dumbbell market with dividends and technological growth alternately dominant. The current congestion in the direction of high dividends has dropped, and the cost performance of allocation has increased. In the industry, non-ferrous metals, coal, banking, machinery, power equipment, medicine, and communications are recommended.