Financial Investment News reporter Liu Qinghua
In the first two months of 2024, the A** market has come out of the "Shenzhen V" trend of first declining and then rising, and the returns of the Shanghai Composite Index and CSI 300 have returned to positive, but the ChiNext Index, Shenzhen Component Index, and Science and Technology Innovation 50 have still failed to fully recover their losses.
From the perspective of performance, the yield of equity ** in the first two months showed a certain differentiation, about 80** yielded more than 10%, and the highest income of a single ** was about 20%, while there were 32 equity ** that fell by more than 20%, and the highest decline of a single ** was about 36%, and the disparity was still relatively obvious.
On the whole, in the first two months of this year, the allocation of artificial intelligence, coal and high-dividend assets and other directions had better returns, while the quantitative decline in market value sinking was more obvious.
Hybrid:
A number of small and micro market strategies** led the decline
In terms of hybrid**, Sino Analytica Positive Return has accumulated a relatively good return on investment in the first two months. According to wind statistics, from January to February this year, the cumulative rate of return of Sino Analytica was 2024%, ranking first in the hybrid** and active equity categories**. According to the Four Seasons Report, the ** occupies a large proportion of allocation in the direction of artificial intelligence, for example, Zhongji Innolight, Tianfu Communication, Xin Yisheng, etc. are all SORA concept stocks, and after the Spring Festival, SORA concept stocks performed very brightly.
Penghua Hongxin A, Wanjia Select A, Wanjia Macro Timing Multi-Strategy A, and Wanjia Xinli followed closely behind, respectively70% yield. Among them, the three Wanjia are managed by the same managers, and the configuration is relatively similar, mainly concentrated in the coal industry. In the first two months of this year, the Shenwan coal industry index rose by 147%。
In the first two months of the *, the cumulative return rate of Jinyuan Shunan Industrial Reserve A was -3617%, leading the decline in equity**. The ** was established at the end of 2023 with a fundraising scale of 2900 million yuan, which can fall by 36% in the first two months of this year, shows that it has quickly completed the opening of positions, and may have stepped on the sector with the largest decline.
In addition, the returns of Furong Value Select A, Hang Seng Qianhai Xingxiang A, and Noan Multi Strategy were -2921%、-28.46%、-27.28%。Furong Value Select A and Nuoanduo strategies mainly focus on small and micro market capitalization stocks, while Hang Seng Qianhai Xingxiang A's Chunguang Technology, Shengbang Shares, Dongxin Shares, etc., have fallen significantly this year.
**Type:
** with high dividend assets led the gains
In terms of type, it mainly holds the highest yield of high-dividend assets such as the coal industry and banks, public utilities, and transportation.
Southern Ingenuity Preferred A, Southern Vision Return A, China Universal Extended Growth Theme A, Ping An Dividend Select A, and China Merchants Technology Power 3-month rolling holding A have the highest yields, respectively21%, which is slightly inferior to the mixed** leaderboard.
From the perspective of allocation, Southern Ingenuity Preferred A mainly allocates coal, home appliances and transportation sectors, of which coal stocks account for 6 seats in the top ten heavy stocks. Southern Foresight Return A mainly allocates coal, home appliances, banks, etc., and there are 4 coal stocks in the top 10 heavy stocks. CUAM Extended Growth Theme A mainly allocates energy industries such as coal, non-ferrous metals, petroleum and petrochemicals, and iron and steel. Ping An Dividend Select A is distributed in textile and apparel, finance, public utilities, transportation, coal and other industries, mainly with high dividends**. China Merchants Technology Power holds A on a rolling basis for 3 months, mainly holding utilities, coal, communications and banks.
The ** with more losses include Chuangjin Hexin Qifu Preferred A, CCB Electronics Industry A, Everbright Core A, Xinao Advanced Intelligent Manufacturing, and Golden Eagle Medical and Health Industry A, with yields of -21 respectively28%、-21.17%、-20.14%、-20.00%、-19.37%。Among them, Chuangjin Hexin Qifu Preferred A and Everbright Core A mainly hold small and micro market capitalization stocks, Xinao Advanced Intelligent Manufacturing mainly allocates electronics, national defense and military industry, and Jianxin Electronics Industry A mainly allocates electronics and mechanical equipment. Judging from the performance of the A** field, from January to February this year, Shenwan electronics, environmental protection, national defense and military industry, medicine and other sectors fell by more than 10%.
Exponential:
Multiple new **catch up***
In terms of indexes, the highest increases in tracking coal and energy are higher, such as CUAM CSI Energy ETF, Guotai CSI Coal ETF, GF CSI All-Index Energy ETF, Guotai CSI Coal ETF Connect A, Wells Fargo CSI Coal A, and Guolian CSI Coal A The returns in the first two months were respectively29%。
In addition, the FTSE China State-Owned Enterprises Open and Win-Win Index, the Dividend Index, the **Dividend Index, and a number of indices tracking the Bank Index** rose by more than 10%.
Indices tracking big data, new materials, CSI 2000 and other directions** fell sharply. The returns of CSOP Big Data 300A, CSE Science and Technology Innovation Board New Materials ETF, Bosera SSE Science and Technology Innovation Board New Materials ETF, Dacheng Internet + Big Data A, CSI 2000 ETF, and ChinaAMC CSI 2000 Connect A were -19 in the first two months43%、-19.17%、-19.06%、-18.41%、-16.49%、-16.29%。
It is worth mentioning that in the new **, which was established in the first two months of this year, some products have a higher yield. The CEIBS CSI Chip Industry Index A was established on February 2 this year, and after its establishment, it quickly built up positions, and the cumulative yield reached 23 by the end of February36%。China Merchants CSI Semiconductor Industry Connection A was established on January 26, and by the end of February, the cumulative return rate had reached 1738%。A number of new ** established during the year have caught up with the second half of the year, and have achieved good returns.