Most of the top fund managers in terms of yield are fresh faces.
作者 | The
Edit | Xiaobai
In the last two trading days of 2023, we are finally looking forward to two long white candlesticks, and the field is heating up again, which can really be described as "a cloud-piercing arrow and thousands of troops will meet each other", which can be regarded as a good start for 2024.
Ladies and gentlemen, has your faith returned?
In the last few days of 2023, the public fund is fighting to the death for the championship, let's take a look at who the flowers are going on, and also make an inventory of last year's market.
1. Less than 15% of equity funds closed positive, and the lowest increase in the TOP20 exceeded 25%
01. The Beijing Stock Exchange Fund has stepped out of Shenzhen V and become the biggest winner in 2023
2023 will be a torturous year for most people, after all, only 1,075 of the 8,075 equity funds will be positive, accounting for less than 15%. However, the people who invested in the Beijing Stock Exchange experienced a roller coaster, and the harvest was full at the end of the year.
As early as October 23, 22 of the 23 funds on the Beijing Stock Exchange closed negative since their establishment, and even accumulated losses of more than 45% at that time. However, in just two months, many Beijing Stock Exchange funds have stepped out of the deep V trend and begun to rebound strongly, accounting for 5 of the top 20 equity funds in 2023.
(Source: Market Value APP for Registration-based Services)
On the penultimate trading day of 2023, the fund also ranked second with a yield of 53.7%, but on the last trading day before the New Year, the Beijing Stock Exchange 50 rose 2.48%, and the fund finally won the championship with a yield of 58.5%.
(Source: Choice data, market capitalization table, only show A share ranking)
The fund size of the winning fund at the end of the third quarter of 2023 is 404 million, and the fund manager is Gu Xinfeng, who joined China Asset Management as early as 2012.
(Source: Tiantian Fund Network)
The market of "Beijing Stock Exchange Bull" since November 2023 has not only achieved a number of Beijing Stock Exchange funds, but also made Manager Gu pull out of the quagmire of losses. At present, he manages two funds with a total scale of 1 billion, and the yield of ChinaAMC Beijing Stock Exchange has risen by 58% in 2023, and the best return of his tenure has also been red, which is currently 4.88%.
The other Huaxia Growth Select, which was established in 2020, has a relatively dismal performance of 6-month fixed-opening hybrid A/C, with a current return of 20%.
(Source: Tiantian Fund Network)
In a recent interview with the Champion Fund, Gu Xinfeng mentioned that the Beijing Stock Exchange currently has unique advantages in the fields of new energy, auto parts, and high-end new materials. He believes that investing in the Beijing Stock Exchange can "eat three fish with one fish", and earn three parts of the benefits of continuous improvement in liquidity, improvement in overall valuation level, as well as the growth of corporate performance and cross-market transfer.
The top 10 heavy stocks selected by the China Beijing Stock Exchange at the end of the third quarter are also focused on automobile and power equipment stocks, and many heavy stocks will rise by more than 100% in 2023, including Tianming Technology, Tongxiang Technology, Suzhou Axis Shares, etc.
In addition, Manager Gu's style is to concentrate his holdings, and the market value of the top 10 heavy stocks accounts for 56% of the fund's net value.
(Source: Choice data)
02. The speculation market of the technology line has helped many funds to enter the top 20 annual gains
After several rounds of scorching battles, the Eastern Regional Development Mix, which has the best chance of becoming the champion this year, lost and won the runner-up with a profit of 55.02%.
(Source: Choice data, market capitalization table, only show A share ranking)
2023 is a big year for theme stocks, and with the good performance of technology lines such as communications, media, and electronics, it will help a number of funds to rank among the top 20 in terms of returns. The runner-up, the Eastern Regional Development Mix, also accumulated a lot of performance in the first quarter due to the heavy position in the computer sector.
While most of the major indices closed lower in 2023, there were still 11 sectors that performed well and performed higher for the year. In particular, the communication and media sectors rose by more than 20%, and the electronics and computer sectors also rose by about 10%. In addition, the two major resource sectors of petroleum and petrochemical and coal also rose gratifyingly, especially the latter has closed up for five consecutive years.
(Source: Choice data, market capitalization tabulation)
The current scale of the Eastern Regional Development Mix is 480 million, which is not large, and the style of the fund is also relatively aggressive, with the top ten heavy stocks accounting for a high proportion of the fund's net value since the first quarter of 2023, 78%, 72% and 64% respectively.
In other words, the performance of the top 10 heavy stocks can basically determine the performance of the fund. In the first quarter, 9 of the 10 heavy stocks came from the computer sector, and with the excellent performance of individual stocks, the net value of the fund also increased.
(Source: Choice data)
03. The top fund managers in terms of yield are all fresh faces
In 2023, the funds that can be selected for the top 20 yield increases will have a minimum increase of more than 25%, which is especially rare in the bear market, but the top 20 funds are generally small, with 15 of them all less than 2 billion, and the two largest ones are China Merchants Advantage Enterprise Mix A and GF Electronic Information Media Stock A, which are only over 4 billion.
In addition, in addition to the Beijing Stock Exchange and technology-related funds, the two quantitative funds of Jinyuan Shun'an High-quality Select Flexible Allocation Mix A and Jinyuan Shun'an Yuanqi Flexible Allocation Mix also performed well. Overall, 2023 is a small-cap year.
(Source: Market Value Fengyun APP My Stock Ranking System)
In addition, there are very few funds managed by top fund managers in the top 20 in terms of yield, and the top 20 funds in 2023 involve 16 fund managers, of which 7 have been in office for less than 5 years, and most of them are new faces.
At the same time, there are only two people with a management scale of more than 10 billion, one is Wu Yuanyi of GF Fund, and the other is Ma Xiang of China Universal Fund.
(Source: Choice data, market capitalization tabulation)
2. QDII funds have become a good choice in the bear market in 2023
For other fund types, QDII funds outperformed equity (equity and hybrid) funds, with a total of 425 funds recording annual results, of which 265 closed higher, accounting for more than 65%.
The top 20 QDII funds in 2023 need to increase the minimum entry threshold by more than 40%, and the US spot exchange of GF Global Select Stocks, with a scale of 3.34 billion, performed the most brightly, up 67.6%.
In 2023, Southeast Asian stock markets and the Nikkei Index will perform well, but the Nasdaq and S&P Information Technology Indices will still rise the best, and most of the TOP20 are QDII funds related to these two major indexes.
(Source: Choice data, market capitalization tabulation)
In addition to QDII, ETFs related to the NASDAQ and S&P indices are the best in the ETF market. The Nasdaq ETF topped the list with an increase of 57.4%, and the fund was also highly sought after by investors, with the change rate of fund shares rising by more than 87% from the beginning of the year.
(Source: Choice data, market capitalization tabulation)
The major stock indexes in the A-share market are not on the list of ETFs that have risen in the top 20, and the theme ETF funds are still the top gainers in games, communications, and media, all exceeding 20%.
On the other hand, in line with the performance of equity funds, most new energy ETFs rose at the bottom, falling by more than 30%. The two travel ETFs became the worst performers among ETFs in 2023, both falling 37%.
(Source: Market Value APP for Registration-based Services)
In terms of bond bases, more than 90% of the bond bases bring returns to investors, and nearly 5,000 bond bases have an average yield of 3.03% in 2023.
Ladies and gentlemen, how is your report card? Welcome to the Market Value Fengyun App to share your investment results, there are surprises.
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