In the past two years, the income of ** can only be described by a "miserable" word. Of course, the main thing here is **class**, including *** index ** and partial stock mix**.
Up to now, there have been more than 200 of these three types of ** that have fallen by more than 50% in the past 2 years, and because ** is still **, so the number may still increase in the future. So, why has the performance of the two years** been so poor?
First of all, it must be one of the reasons for poor performance。For **class**, the quality of income mainly depends on the rise and fall of **, whether it is active ** or passive**.
Because most of the assets of the class will be invested, and you can't make money by shorting, so if you can't escape it, the class will not escape.
In the past two years, the performance of the ** market has also been indescribable, and it has fallen miserably. The Shanghai Composite Index and the Shenzhen Component Index, which represent the trend of the entire market, fell by more than 20% and 40% respectively.
Secondly, it is the evil fruit planted by the ** group. While *** is the main reason for ** dismal returns, it is not the only reason.
In the past two years, the **** index has only been 20%-40% lower, while there are many ** that have fallen by more than 20%-40%. If it's just because of ***, the income shouldn't be so bad. For example, the Shanghai Composite Index has fallen more than in the past two years in 18 years, but it has basically not fallen by more than 50%**.
One reason why many ** fell much more than ** fell was that two years ago, ** huddled, which pushed a few ** to sky-high prices. However, because the follow-up funds could not keep up, it was impossible to keep these **** at a high level, so the road to value return began.
Therefore, some investors may find that the ** they bought may not have lost much in the past two years. Because the ones that have fallen the most in the past two years are those who have been pushed up by the **huddle**.
Therefore, the poor income of ** is also the evil result of ** huddle two years ago.
Again, it is the result of many investors losing trust in **. Investors buy ** with the aim of making money. If the investor who bought ** can't make money for two consecutive years, and loses a lot of money, it is inevitable that he will lose trust in **.
Not only that, but when investors lose money, any flaw may be magnified. For example, although investors have lost a lot of money on **, the ** company can still make money by collecting management fees. For example, some **go** to pick up, **hit new, etc., are also widely criticized.
Therefore, many investors have lost trust in **. Once investors lose trust, they may choose to redeem **.
When a large number of investors redeem, the manager has to sell part of the redemption to cope with the redemption wave, which will further cause the redemption to fall even more.
Therefore, when many investors no longer trust, it may accelerate. As a result, the performance of some ** is worse than that of the whole market. If you want to stop the decline of **and**, I am afraid that it will be possible until all the disappointed investors leave this market.