news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Choice Information statistics show that as of August 15, among the more than 4,400 active equity funds, more than half have lost money since their inception. Funds whose net value has fallen to a few cents are called "gross funds" by investors.

There are three main reasons for the huge losses of the above-mentioned funds. The first is high-level issuance. The Changsheng State-owned Enterprise Reform Hybrid, which was issued at the peak of the market, had its net value "halved" in the nearly three years under the management of the first fund manager; the current fund manager Dai Yi has also seen a decline in the fund's net value of more than 30% since April 2020. The second is an extreme bet on the track. Taking Changan Xinxi Flexible Allocation Hybrid as an example, since the third quarter of 2021, the fund has made an extreme bet on the lithium mining track. Almost all of the top ten heavily-weighted stocks are lithium mining concept stocks, and the net value has fallen sharply. The third is frequent chasing ups and downs. Taking Hengyue Quality Life, whose net value has fallen by more than 70% since its establishment, as an example, the fund, which was established on August 31, 2021, has a latest net value of less than 0.3 yuan. According to the regular report of Hengyue Quality Life Fund, in the nearly three years since the fund was established, the fund manager has continuously chased hot spots and kept buying hot stocks, but more of them were bought at market highs, resulting in a sharp drop in net value. (Shanghai Securities News)