景顺长城鼎益(162605)投资价值分析报告：长期高集中持有消费类公司 16年创造26倍收益
Swap 6124 points to double the yield of nearly 40% of active equity funds in 13 years
Active equity funds with a yield of more than 200% since the Shanghai Composite Index hit a record high of 6124 points on 2007/10/16. On 2007/10/16, the Shanghai Composite Index recorded 6124 points, setting a record high. After 13 years, the index hovered around 3,300 points, but during the same period, the net worth of a number of funds rose steadily and achieved outstanding performance. The yield of nearly 40% of active equity funds doubled, reaching a high of 359.51%. Industry insiders said that the reversal of the active equity fund market created excellent long-term absolute returns, confirmed the concept of creating investment value through in-depth research, and fully reflected the price of public equity funds
Star fund managers expect the stock market to fluctuate a lot in the second quarter.
Xingquan trend, Dongfang Hong Ruifeng and other funds today disclosed a quarterly report. A number of star fund managers took the offensive in the first quarter, with stock positions of about 90%. For the future, fund managers believe that the overall valuation of the current market is low, in the context of sufficient liquidity superimposed weak fundamentals, the market will continue to fluctuate; bullish undervalued stocks and pharmaceutical, consumer and other areas. The overall stock position was on the high side and actively adjusted positions for shares in the first quarter, with the outbreak of the COVID-19 epidemic, which had a major impact on the economy at home and abroad. The portfolio managed by a number of star fund managers has maintained a moderate and high position, with heavy stocks covering finance, real estate, consumer, pharmaceutical, technology and other industries.
Liquor stocks soared, and on-market funds experienced net redemption
Before the National Day, the stock market trend gradually stabilized, while liquor stocks continued to flourish, and on-market funds that are heavily stocked on liquor stocks also reaped impressive gains. However, although the market is rising, market funds, which are a trend vane for institutional capital, are beginning to experience net redemptions. Liquor stocks soared and liquor stock funds benefited from a sharp rise in liquor stocks yesterday. Liquor stocks led the two markets. The liquor index rose 3.81%. Jinhui Liquor and Yingjiagong Liquor also rose more than 9%. Kweichow Moutai rose more than 3%, and the stock price reached a record high of 1,184 yuan. Following the interpretation of the liquor market, many on-market funds that heavily stock liquor stocks (ETF, LOF,