Per reporter: Zeng Zijian Per editor: Ye Feng
Cast base Z generation, Z brother is the most real.
Today, we all want to have a "good start", but the market has adjusted.
Although the Shanghai index did not fall much, the ChiNext index fell by more than 2%, and the track stocks underwent a sharp correction. In particular, many pharmaceutical funds that are heavily invested in CRO concept stocks are estimated to fall by more than 4% today.
But looking at the overall performance of individual stocks, more than 1300 stocks in the Shanghai market rose, and more than 1900 stocks in the Shenzhen market rose, and today's market is the world of small-cap stocks.
First of all, today's adjustment, the most important thing is that the innovative drug has a bad start. Boteng shares fell 14%, Yaoshi Technology fell 12%, Gloria Ying fell to a halt, Tigermed and Kanglong Huacheng fell more than 5%, wuXi AppTec and Medici fell more than 8%. These are basically the heavy stocks of the "goddess of medicine" Gülen, and today the CEIBS Healthcare Equity Fund is estimated to have fallen by nearly 5% in net value.
On the other hand, the Chinese medicine sector has become the hottest sector in the market. Brother Z shared with you at the end of last year that he was very optimistic about the Chinese medicine sector. Today, a large number of Chinese medicine stocks such as Xiangxue Pharmaceutical and Hansen Pharmaceutical have risen by more than 10%.
The Chinese medicine sector has performed so well, is there any fund that is heavily positioned in this sector? Of course, for example, Qianhai Open Source Chinese Medicine Research Selection, the net value of the past 1 month rose by 16.31%, and the past 3 months rose by 22.56%. The fund's heavy stocks include Katazai, Dong'e Ejiao, Yunnan Baiyao, China Resources Sanjiu, Yiling Pharmaceutical, Baiyunshan, Tongrentang, Ma Yinglong, etc.
In addition, there is a Huitianfu CSI Chinese Medicine Index (LOF), which has risen by 19% in the past month. The heavy stock of this product is similar to the Qianhai Open Source Chinese Medicine Research Selection, the difference is that it is a passive investment, and the allocation positions of several Chinese medicine stocks such as Tasly and Guangyuyuan are different.
Next, let's talk about some of our impressions on the recent market. The index does not have much to talk about, the Shanghai index is entangled near 3600 points, and the ChiNext index is basically in a weak state. However, the performance of individual stocks is very active, and there are many who rise by more than 10% per day. The plates that can have sustained hot spots are mainly concentrated in the two major concepts of traditional Chinese medicine and metacosm. In other words, the current market is to abandon the index and choose stocks.
However, how to select stocks is a difficult problem, especially in this kind of small-cap stock market, it is even more difficult to select bull stocks.
Most of the daily trading time, Brother Z will discuss market opportunities with friends, and summarize a major principle of recent stock selection: "The prime minister must start from the state department, and the fierce general must be sent to the pawn".
The meaning of this sentence is that in ancient times, the prime minister in the official field must have risen from the grass-roots state department, and the fierce generals on the battlefield must have started from the grass-roots pawns.
Applied to the recent market, many of the most hyped votes are "pawns" that we despise. If we follow this principle to select stocks, then first of all we can exclude some that cannot be selected, such as innovative drugs, new energy cars, liquor and so on. Don't look at these once thick-eyed value white horse stocks, which have fallen a lot in the past year, but they are still temporarily unable to choose.
So, which pawns at the bottom may emerge? Let's see that in the near future, whether it is Chinese medicine or meta-universe, it is a company that has been silent for more than 3 years. And these companies, as long as there is no risk of delisting, as long as there are a little theme, some good, it is easy to soar. Before they rushed up, these stocks hardly had the meaning of so-called value investment, and the value of their existence may be that they can be used for trading.
Of course, those who can rush out from a small stroke are actually still a minority, and in the end, they may also die nine times. But Brother Z believes that this is at least a way of thinking about stock selection at the current stage. Similarly, it is also a way of thinking about choosing funds, or the idea of excluding a type of fund. This line of thinking, at least at this stage, I think is more reasonable, as to whether it is the case after two months, it is another matter.
To be honest, stock picking is hard, but if you think it's easier to choose a fund than a stock, you're wrong. At present, there are more than 1900 equity funds, more than 5000 hybrid funds, more than 2200 bond funds, more than 1400 index funds, and QDII, LOF, FOF, etc. Add up to nearly 800.
Finally, Brother Z continues to share with you the entrance of "Fund Small Every":
"Fund Xiao every" is a new investment tool, Z brother should also slowly familiarize himself with its functions, and hope to help our fund investment in the future. If you have any questions, you can also raise them in the "Fund Small Every", and we will discuss them together.
(Risk Warning: Equity funds are high-risk varieties and should be cautious when investing.) This material is not intended to be any legal document, and all information or opinions expressed in the materials do not constitute the final operational advice of investment, legal, accounting or taxation, and I do not make any guarantee as to the final operational advice with respect to the contents of the materials. In no event shall I be liable to any person for any loss arising from the use of any content in this material. The short operating time of China's funds cannot reflect all stages of the development of the stock market. The past performance of fixed investment does not represent future performance, and investors should fully understand the difference between the fund's regular fixed investment and zero deposit and withdrawal of savings methods. Regular fixed investment is a simple and easy way to guide investors to make long-term investments and average investment costs. However, regular fixed investment does not avoid the risks inherent in fund investment, does not guarantee that investors will receive returns, and is not an equivalent financial management method that replaces savings.
Investors are investing. Before the fund, please carefully read the fund's "Fund Contract", "Prospectus" and other fund legal documents, fully understand the risk return characteristics and product characteristics of the fund, fully consider its own risk tolerance, on the basis of understanding the product or service situation, listen to the appropriateness of the opinion, rationally judge the market, according to its own investment objectives, term, investment experience, asset status and other factors prudently make investment decisions, independently bear investment risks. The market is risky, and you need to be cautious when entering the market. The fund manager reminds investors of the principle of "buyer's own responsibility" for fund investment, and after investors make investment decisions, the investment risks caused by the operation status of the fund, the fluctuation of the listed trading price of the fund shares and the changes in the net value of the fund are the responsibility of the investors. ）
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