Economic observation signs up for reporter Hong Xiaotang recently, annals began fair collect fund to be announced in succession 2018, rights and interests kind fair collect fund is in the stock market dropped greatly last year before medium loss case also presents front is in city, and this also became fund of postmortem fair collect to answer the superexcellent opportunity that removes ability in the control in Xiong Fu likewise.
Economy observes newspaper reporter combines Wind data discovery, be put into trouble at the index answer substantially remove, 2018 majority rights and interests kind the product all presents deficit. Statistic shows, end on March 28, already announced the blame money fund of annals is total 2018 deficit exceeds 300 billion, just amount to consumption easily among them industry, on cast Morgan core grows, 3 fund become deep concentration of harbor of fine fact Shanghai active model the loss in fund is most severe, aggregate more than one billion four hundred and ten million and sixty-five thousand four hundred and eight yuan.
Nevertheless, to it disparate is, monetary fund and bond fund still gained relatively sizable profit, the accrual of these two kinds of fund mixes 50 billion yuan more than 200 billion yuan respectively. Accompanying this year the get warm again after a cold spell of capital market, the personage inside many course of study expects the fund market 2019 opportunity or will be more than a risk. But another potential real problem is, considering " answer this backtrack " investment mentality is inertial, product of deficit of partial early days should be gotten in bovine city rebound will face greater redemptive pressure and administrative difficulty. The reporter also discovers, even if falls in the setting that the index rebounds quickly this year, before deficit dimensions was achieved last year 10 in fund product, morgan is cast on, collect add rich 8 products that wait for management of orgnaization of 4 fair collect up to now still not cover is smooth last year be in debt.
The rights and interests that be completely annihilated kind
Wind data shows, up to on March 28, already announced the product of fair collect fund of annals amounted to 3630 2018.
From the point of the annals of first exposure, these fund whole present deficit position, aggregate had a deficit 89.45 billion yuan, nevertheless, be like eliminate money fund, total loss is to be as high as three hundred and three billion four hundred and ninety-six million yuan more.
End according to fund trade association the data of the statistic end December 2018, whole assets of market of fair collect fund is total 13.03 trillion yuan, be like eliminate money fund, come of dimensions of assets of fair collect fund 5.41 trillion yuan. "On one hand the brunt product of most fund company is in rights and interests kind, market environment whole is bad on the other hand, cause the general loss of fair collect industry. " Shenzhen large manager of fair collect fund expresses.
The index drops to become the mainest motive force of be issued to lower levels of net value of product of fair collect fund really. Reporter discovery, because whole of field of A stock market presented unilateral last year,drop posture, each are main the index all falls apparent, in light of annual, card put together shows accumulative total dropped on 24.59% , deep card is become show accumulative total drops 34.42% , do poineering work board show accumulative total drops 28.65% .
And specific to type of different fair collect product, the circumstance of profit and loss of every kinds of product also each are not identical. Slant among them mix model fund is most, deficit one hundred and ten billion three hundred and fifteen million yuan; Passive index fund ranks 2, deficit is one hundred and eight billion three hundred and twenty-four million yuan; Loss of agile configuration fund sixty-seven billion six hundred and eighteen million yuan; Loss of common stock ticket fund forty-five billion and seventeen million yuan, .
Specific in light of, in sheet of deficit a list of names posted up stock ETF holds before 5 seat, it is respectively: Deep 300ETF of Shanghai of deep 300ETF of Shanghai of deep 300ETF of Shanghai of 50ETF of the card on 500ETF of the card in south, an ancient name for China, Hua Taibai luck, an ancient name for China, fine fact, deficit is respectively: 9.668 billion yuan, 8.062 billion yuan, 6.791 billion yuan, 5.19 billion yuan mix 4.685 billion yuan. "Because ETF belongs to passive investment, drop in the market dish of capital is deployed in the trend ceaselessly explain buy, consequently dimensions also is able to grow quickly. " analyst of fair collect of business of a certificate of Beijing expresses, "But because be passive investment, bring about cannot undertake answering removing administrative through active investment, also bring about larger deficit scale so, configure dish of capital to be able to rise in the market nevertheless ' calm anchor ' action, accompanying configuration dish proportional increase, the fluctuant risk of the market also will subsequently flowing. The fluctuant risk of the market also will subsequently flowing..
In addition, monetary fund " lie win " whole market, gain adds up to two hundred and forteen billion and forty-six million yuan, total profit is bond fund fifty-two billion eight hundred and seventeen million yuan.
Active model of product deficit " arms of the person at the head of a procession "
If say passivity investment of the tool time removing is the chain-reacting that the index drops only, and a few active model of the product gigantic deficient, may peep fair collect orgnaization to answer those who remove periodic market risk government to be defeated in the index. Wind data shows, in sheet of a list of names posted up of active management fund, yi Fangda consumes an industry to rank a list of names posted up of deficit a list of names posted up head, annual adds up to deficit 4.494 billion yuan, morgan is cast on core grows and after harbor of fine fact Shanghai tightens therewith greatly choicely, discharge respectively in the 2nd, 3 positions, annual mixed 2.835 billion yuan 2.057 billion yuan fortunately respectively last year.
In sheet of before deficit 10 a list of names posted up, morgan, fine fact, an ancient name for China is cast on, collect add rich the product below division of 4 fund company held 2 seat each.
However since this year, get warm again after a cold spell of field of A stock market is apparent, the beginning of the year up to now each thumb number waves in succession red come true to rise considerably, end on March 28, card index the beginning of the year rises up to now on 20.89% , deep card is become point to rise 32.53% , do poineering work board point to go up 31.21% , Shanghai is deep 300 go up 24.98% .
Accordingly, will integratedly look, be in afore-mentioned sheet of a list of names posted up of 10 big loss is medium 2018, before a house dropping when although last year the market drops,Yi Fangda consumes an industry, but rise this year advance rapidly of the outstanding achievement in prices, return rate is since the beginning of the year 36.55% , eliminate fills smooth answered last year remove 23.46% outside, at the beginning of last year up to now return rate is, amount to 13.08% . Meanwhile, yin Huafu makes rich the theme also is in city of this round of ox held to rise prices, came true up to now last year of 5.06% accrual.
And even if of fund of additionally 8 deficit the market rises this year prices drive, but all still did not fill smooth last year deficit.
Among them, below Jin Qi of Morgan radical two fund are delivered on, go up namely cast Morgan to core grows and go up cast Magennei to need power since this year although came true 26.67% with the redound of 25.96% , but because was answered last year,remove bigger, still had up to now last year 18.03% with the deficit of 14.35% " hole " did not rise in city of this round of ox in " fill and level up " .
Going up cast Morgan in core growing annals, explanation of fund manager Li Bo says, 2018, the market is rapid after appearing to rise small in January fall after a rise, annual appears relatively drop substantially. The respect is configured in fund, the key configured trade situation bearing to good industry, but part appraise value appeared in light of annual relatively drop substantially. Fund reports period inside decrease held partial earlier stage above quota accrual relatively many, add held partial market attention to spend not tall grow.
And the judgement of the city after Li Bo is right is market opportunity will be more than a risk, a the investment opportunity that hopeful presents structural sex. Its say: "Will continue handpick as first direction, above all, key attention grows, dropped last year especially bigger but outstanding achievement stability grows; Next, attention consumes a domain greatly; Finally, pay close attention to the investment opportunity that economic transition brings. Pay close attention to the investment opportunity that economic transition brings..
In addition, reporter statistic, be in afore-mentioned not in 8 products of accrual of fill and level up, 4 go only year of the beginning of the year up to now still deficit exceeds 10% , 8 products deficit exceeds 5% .
"If net value of a few fair collect drops too serious, can appear ' dead base ' circumstance, because of later period once net value rises, a lot of investor are answered this hind redemptive, will bring administrative difficulty to fund manager, bring about this fund finally to rebound harder. " Beijing medium or small president of fair collect orgnaization expresses, "So relatively serious to deficit of a few early days fund product, its later period obtains better outstanding achievement is more difficult instead. Its later period obtains better outstanding achievement is more difficult instead..
