Today, the stock market continues to diverge, with the ChiNext board strong and the main board weak. Only 1500 shares rose in the two cities, and 2800 shares fell. The overall weakness. However, the turnover reached 1.1 trillion. It seems that the market did not cool down the enthusiasm for trading because of the Dragon Boat Festival, but instead set a new high.
In terms of sector, the concept of lithium battery continues to lead the rise, and domestic software is not weak. In terms of decline, military industry has the first decline, and today’s military industry is ranked last.Themed funds all fell more than 3%. The top-income funds are mainly new energy theme funds.
Today’s weaker performance is also in the liquor sector, with an overall decline of more than 2%. Among them, more than 300 billion giant Yanghe shares have a rare limit, which is since February last year. The first time limit.
The real Yanghe winery—E Funda Zhang Kun
Yanghe is an important stock of Zhang Kun, one of the fund’s brothers. Judging from Yanghe’s holdings, except for China Merchants In addition to Baijiu Index Funds, Zhang Kun’s E Fund Blue Chips and E Fund Small and Medium Caps are the largest fund holders.
If the top 10 Looking at it, Zhang Kun is undoubtedly the biggest holder.
E Fund holds 41 100 million, small and medium-cap holdings 1.4 billion, E Fund is also Zhang Kun’s fund, holding 500 million, a total of more than 6 billion, more than the China Merchants China Securities Liquor Index holdings. Zhang Kun is the real Yanghe Winery, better than the Baijiu Index Fund.
From the estimation of the fund’s net value, E Fund’s blue chips fell 1.1%today, and the small and medium-sized caps fell 1.46%. The decline was not small.
From the performance of this year, Zhang Kun’s fund performance is also relatively average.
exclude today’s decline Later, E Fund’s blue chips rose by about 6.7%this year, ranking among the best, in the top 1000, how can I say, for a fund of this size, it is true that too high returns cannot be required. But for retail investors, buying such a large-scale fund is not a wise move to be honest.
E Fund performs better in small and medium caps Unfortunately, this year’s earnings are still negative, ranking in the bottom 500, and the performance rating is not good. The scale of this fund is more than 30 billion, which is far less than the scale of blue-chip 80 billion, but the return is so much worse, it is hard to imagine.
As a brother of Yi Funda Winery, Zhang Kun is also a public offering One brother, the scale of management exceeds 100 billion, but this year’s performance is not satisfactory. What does this show?
In fact, it is very simple. The larger the scale, the lower the expected return. This is the law of asset management. Therefore, for investors, choosing small and beautiful funds is the most cost-effective investment method. It is not a swarm of large-scale funds to follow suit.
Why does Yanghe drop its limit?
Speak With so many Zhang Kun, let’s see what happened to Yanghe?
There was an announcement on June 10 that the management had made an adjustment, and market rumors that the vice president was marginalized, leading to a wait-and-see attitude.
On June 10, Yanghe Co., Ltd. issued the”Notice on Adjusting the Division of Work of Some Companies’ Leaders”, stating that after research, it was decided that Comrade Zhang Liandong presided over the overall work of the joint-stock company and was in charge of The group trades in an all-round way, presided over the overall work of Shuanggou Winery and Shuanggou Winery Sales Company. Comrade Liu Huashuang assisted Comrade Zhong Yu to do a good job at the managerial level of the joint-stock company, in charge of product center and internationalization strategy work.
After the former vice president of sales was marginalized, it is a question whether Yanghe can maintain growth, especially after the recent adjustments in baijiu.
Therefore, Yanghe’s drop limit is a manifestation of lack of confidence.