On November 26, Capital State learned that more than half of the fourth quarter of 2021. Reviewing the market performance since October, we can find that in the A-share market, new energy, cyclical stocks, and large consumption take turns, with obvious phased style characteristics and fast rotation speed. In this context, some fund managers seize the market opportunity, the yield to achieve rise.
As of November 25, 2021, there were 290 equity funds with negative performance in the first three quarters (hybrid, equity and other), and returns returned to positive within the year after a rebound in the fourth quarter, according to Choice data. It is worth mentioning that there are many products managed by star fund managers in these funds. As of November 25, 2021, 45 equity funds have risen more than 15 per cent since October, according to Choice.
Specifically, the mixed value of Ruiyuan growth managed by Fu Pengbo, a well-known fund manager, rose 2.14% so far this year as of November 25, 2021, recovering a decline of about 4.04% in the first three quarters of this year. It is reported that Fu Pengbo is a fund manager with a balanced growth style.
Rich Tianhui LOF, managed by Zhu Shaoxing, another well-known fund manager, has seen its net worth drop by more than 2% in the first three quarters of this year. Judging from its heavy positions in the first three quarters, some bank stocks and consumer stocks have performed well recently, or contributed to their net worth growth.
In addition, the net worth of Guangfa technology pioneer managed by star fund manager Liu Gesong also dropped by more than 2% in the first three quarters of this year, and its income for the year has risen to 2.22%. LOF, another product he manages, has also reversed the decline in the first three quarters in the past two months, with revenue of 4.53 per cent for the year.
A fund manager in southern China said that so far, most of the returns of its management products have achieved positive returns since the beginning of 2021, because the valuations of individual stocks are gradually becoming reasonable after the previous pullback, superimposed performance-driven, and the future trend should be more optimistic.
Relevant investors believe that it is still in the fourth quarter, and the equilibrium market is dominant in the fourth quarter of previous years, that is, "mean return" is dominant. From the "mean return" point of view, this year's poor performance of real estate and its industrial chain (home appliances, building materials and other industries) and consumer medicine and other value sectors have opportunities to repair.