Where did you go during the May Day holiday, and what did you see and feel?
I was staying at home to watch the number of people in the scenic spot, but I was shouted by a friend to go to Hangzhou. Then I went to the West Lake to ride for most of the circle, and then walked on the Su Causeway, and became one of the several people in the scenic spot.
But during the trip, the optimism and positivity were clearly felt.
First, the overall rise
For example, on the road, scenic spots, meals, etc., there are crowds of people everywhere, and there is a lot of life and fireworks.
After seeing and hearing it myself, I did find that the economic situation is more optimistic and positive than the negative information such as the real estate debt crash and the Asian currency crisis that went viral on the Internet.
It's not all pessimistic, negative.
In essence, investment is to invest in national fortune and confidence.
The superimposed market strengthened, and the mentality further improved.
I calculated that during the holiday, the Hang Seng Index rose by 4%, and the Hang Seng Technology Index rose by more than 6%, so today's A-shares directly gapped.
Northbound funds also continued to buy, with a net purchase of 11 billion in the morning and a half-day in the morning, directly in the market. Although it turned around and sold in a small amount in the afternoon, the strength was limited.
As a result, Village A performed strongly throughout the day, with large, medium and small caps rising across the board.
Source: iFind, as of May 6, 2024
Among the industry sectors: home appliances, liquor, medicine, new energy, etc. led the rise today, all rising by more than 3%. Oil, coal, non-ferrous metals and other sectors that rose sharply in the early stage performed weakly today, but the decline was generally smaller, less than 1%.
However, at the same time, due to the impact of the performance thunderstorm and the new delisting rules, the number of ST shares and delisted stocks has increased significantly.
Companies with similar down-limit abound.
Old iron, times have really changed, and you can't fry yourself anymore!
It is said that high risk and high return are said, but high risk is not 100% equal to high return, but it is easy to sacrifice in high risk and high volatility.
With the change of market direction, some friends asked me what other ETF funds I can pay attention to and layout?
From my point of view, I would like to share with you what I am optimistic about and what is still at a low level. However, there is a big premise in this part of the analysis: the market is dominated by structural markets, so I mainly explore three structural opportunities.
2. 3 must-buy ETFs
First, the Hang Seng Healthcare ETF Fund.
In fact, during the holiday, I have written a comparative analysis of domestic medicine and Hang Seng Medical, see this article "About to fall to the bottom of 2018" and so on.
According to the comparison, the current price-to-book ratio of the Hang Seng Medical Index is only 1.7 times! In the same period, the general price-to-book ratio of the domestic mainstream pharmaceutical index is 2.8-3.5 times.
The index point is also very low, and it is clearly in a historical depression.
Source: iFind, as of May 6, 2024
In terms of investment attributes, Hang Seng Medical and Hang Seng Technology are very similar, biased towards scientific and technological innovation attributes, and often rise and fall at the same time.
However, its performance foundation is poor, and coupled with the impact of the Laomei Biological Act, its performance in the past two years is not as strong as that of Hang Seng Technology......
But the market will be late but will not not come, buying cheap is the king, and there will always be a big rise in repair.
Second, photovoltaic ETF funds.
Globally, the demand for renewable energy is still growing at a high rate.
In addition, photovoltaic directly converts solar energy into electricity, and has also produced deep crossover and integration with many other industries and fields, becoming the core force of low-carbon transformation of multiple industries.
Taking one of the largest photovoltaic ETF funds as an example, the current fund point is also in a historical depression.
Source: iFind, as of May 6, 2024
However, although the current point of the photovoltaic fund is low, its fundamentals are still in the price war, and it may not really bottom out.
And this may still be the beginning, the interim report and annual report continue to lose.
Therefore, when investing in photovoltaic funds, try to light positions and rebound in the medium term. Wait until the industry is cleared and the price war eases, and then make a long-term layout.
Third, dividend low-volatility ETF funds.
I originally wanted to find structural opportunities like the previous two, but with the rise of the broader market, many industry themes have risen accordingly, and the short-term increase is not small.
After thinking about it, I chose the third dividend low volatility fund.
I have screened with you before and found 7 excellent dividend low volatility funds and 6 dividend low volatility 100 funds. If you need a list of these funds and data comparison, leave a message.
Because Village A and Aberdeen have risen rapidly in the short term, but the general environment has not reversed so quickly.
The two major economic leaders of real estate and infrastructure construction are still sluggish, and there are old Americans overseas who want to suppress us......
Therefore, the market has not completely reversed, and it is necessary to beware of shock adjustments, and there are still opportunities for high-dividend low-volatility funds.
Of course, dividend low-volatility funds have risen for several years, and safe-haven assets may also be further adjusted after the market recovers. Therefore, dividend and low-volatility funds should also pay attention to dip investment and small investment.
In short, there is only one main tone of investment: it is better to make less than to lose big. Otherwise, time and energy will be wasted on recovering the cost.
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Disclaimer: The content of this article is based on public information research and does not constitute investment advice. Investors should make prudent decisions and bear risks independently.
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