the stock price suddenly plummeted! local state-owned assets and private equity giants are buying, can we still get on board?
2024-09-04
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chao news client reporter wu enhui
"i am really envious and jealous. i wish we had invested heavily in this etf in the past few years." in the past two days, a piece of news that local state-owned assets invested heavily in us stock etfs swept the investment circle, said the head of a private equity company in hangzhou yuhuangshan south fund town.
indeed, this etf has doubled in four years and has also risen by more than 15% so far this year. such impressive performance has attracted countless investors.
however, just last night, the us stock market fell sharply, and the nasdaq fell by more than 3%. many market investors are more concerned about whether they can still buy it in the future. the reporter interviewed many industry insiders to see their judgment.
changzhou state-owned assets started buying in 2020
doubled in four years
"we only bought in october last year, and our position is not large. even if we bought it in the first half of 2020 like changzhou state-owned assets, we would not have been able to hold on to it if it retreated nearly 30% in the following year. so compared with the level of changzhou state-owned assets, we are ashamed." the private equity manager admitted frankly.
recently, e fund nasdaq 100 etf link fund released its interim report. the semi-annual report shows that changzhou investment group co., ltd. holds 5.92% of the total listed shares of the fund, making it the largest holder of the fund's total listed shares, holding 3.3706 million shares.
changzhou investment group co., ltd. is a local state-owned asset held by the changzhou local government. as early as the end of june 2020, changzhou investment group co., ltd. had already deployed the e fund nasdaq 100 etf linkage fund through on-site purchases. as of the end of the second quarter of 2020, changzhou investment group co., ltd. held 1.79 million shares, accounting for 1.85% of the total listed shares. in the second half of that year, changzhou investment group increased its holdings to 3.37 million shares and has held them ever since.
so how has the e fund nasdaq 100 etf performed in recent years? in the past few years, it has been in a volatile upward trend. taking the year when changzhou state-owned assets bought it as an example, since the beginning of 2020, the fund has risen by as much as 114%, and the fund's annual return has exceeded 15% so far this year.
private equity tycoon da bin also made a large purchase
buy almost all nasdaq 100 etfs
in addition to changzhou state-owned assets, the preference of private equity tycoon dan bin has also attracted further attention to the nasdaq 100 etf.
the reporter looked through the semi-annual reports of several funds and found that products under oriental harbor fund, headed by dan bin, appeared on the list of top ten holders of many nasdaq etfs.
among the top ten holders of huaan nasdaq 100 etf at the end of june, there were six products under oriental harbor investment, holding a total of 199 million shares.
moreover, the reporter saw in the interim reports of several funds that dan bin's oriental harbor bought almost all the nasdaq 100 etfs on the market, such as huaxia nasdaq 100 etf, gf nasdaq 100 etf, china merchants nasdaq 100 etf, bosera nasdaq 100 etf, cathay nasdaq 100 etf, huatai-pinebridge nasdaq 100 etf, etc. as of september 3, the above 7 nasdaq 100 etfs bought by oriental harbor generally had an increase of more than 13% in the market, which is a relatively bright product in the fund market this year.
in addition, the semi-annual report of invesco great wall nasdaq technology etf shows that among the top 11 holders, there are four products of oriental harbor under dan bin, with a total holding scale of 308 million yuan. this etf has seen a considerable increase this year. so far, the etf has increased by more than 40%, making it the etf fund with the highest increase this year.
overall, as of the end of the second quarter, the total fund size of the above-mentioned u.s. stock etfs held by nine products under oriental harbor investment was over 700 million yuan.
the september curse returns?
is it still possible to invest in the nasdaq in the future?
looking back at the first half of this year, the nasdaq 100 index soared 39% in six months, setting a record for its best first-half performance. just as everyone was wondering whether the nasdaq could continue to soar in the second half of the year, the nasdaq entered a volatile adjustment mode in july and august.
the investment calendar has come to september, and the september curse of the u.s. stock market that the investment circle is worried about seems to have come again - last night, the u.s. stock market suffered a "bad start" in september, and the three major indexes plummeted. the dow jones industrial average fell by more than 600 points, and the nasdaq fell by more than 3%. nvidia, an important component of the nasdaq, plummeted by 9.53%, and its market value evaporated by about us$280 billion (about 2 trillion yuan), creating the largest single-day market value loss in the history of individual stocks in the u.s. stock market.
dan bin, who bought so much nasdaq 100 etf, expressed his views on social media on september 1. although his friends were bearish on the us stock market in september, dan bin was still bullish. he believed that artificial intelligence was the strongest voice of the times, which was the "main reason" and the others were "secondary reasons."
will the market really go as dan bin said? what will happen to the us stock market in the future? is the nasdaq still worth investing in? the reporter interviewed many industry insiders, and their views were somewhat different.
"currently, the us stock market is crowded with seven technology companies, led by nvidia, and the us stock market should fluctuate in the short term." lin yi, chief investment consultant of liduoxing investment, said: "for the time being, the nasdaq will fluctuate. it is not recommended to invest in or buy the nasdaq in the short term."
the head of yuhuangshan nan private equity in the previous article believes that: "investing in the nasdaq is actually investing in the core assets of the us stock market and the expectation of the federal reserve's interest rate cut. we also believe that the us stock market will fluctuate in september. the way nvidia fell last night was a bit scary, but overall, we still think that the nasdaq has layout value and will continue to allocate it as a major asset class. but at the same time, we must also pay attention to risks in a timely manner."
yang delong, chief economist of qianhai kaiyuan fund, said in an interview with reporters: "the u.s. stock market has been rising for several years in a row, and the valuations of the three major u.s. stock indexes are at historical highs. although the u.s. stock market has not yet peaked and fallen back, the sharp fluctuations also indicate that the risk of its peak is increasing. buffett always flees before the market peaks. recently, he has again significantly reduced his holdings, which actually reveals the signal that the u.s. stock market has peaked. therefore, we should be cautious about u.s. stocks. it is not recommended that you chase high prices and invest in nasdaq etfs now to avoid the risk of chasing high prices."
a senior analyst from a listed brokerage firm in zhejiang also told reporters: "as the main component of the nasdaq 100 index, the volatility of technology stocks directly affects the trend of the index. in the short term, the market will still focus on the us inflation level and the fed's interest rate cut policy, and the volatility of the nasdaq may increase. but in the long run, especially from the perspective of major allocations, the nasdaq is still a good choice as a part of the allocation."
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