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Original title: Rare earth is heavy, the giant just raised its price by 30%! Post-90 Beauty Fund Manager Lost Nearly 20% In 11 Days! Bargain Hunting Funds Exploded To Buy 14.5 Billion
By buying more and more, ETFs usher in a wave of subscriptions. Northern Rare Earths raised the listing price of light rare earths substantially in March.
The funds borrowed ETFs this week to buy the lowest 14.5 billion yuan
This week, the Shanghai Composite Index fell for 3 days in a row, with a cumulative decline of 4.12%. The Shanghai Composite Index has continuously fallen below the quarterly and semi-annual lines, and the drop is very obvious. It opened higher and fell lower on Wednesday, and fell slightly 0.05% after the market closed, temporarily halting the unfavorable situation of sharp decline.
In the event of continued market downturns, this week the funds borrowed ETF funds to buy bottom A shares. The Securities Times · Statistics show that the participation of 331 equity ETF funds in the A share market has increased. The most recent total share is 490.214 billion, compared to 484.344 billion at the end of last week, an increase of 5.87 billion in 3 trading days. 1.21%. Calculated on the basis of the average transaction price in the interval, when the market fell sharply in the first 3 days of this week, the stock ETF funds bought 14.528 billion yuan, which seemed to have a feeling of bottoming out in the context of a higher net worth correction. .
The broad-based index became the main force behind the fund search. China Southern Fund’s CSI 500ETF ranked first in net purchases of 2.795 billion yuan this week, and Huatai Bai Rui Fund’s Shanghai and Shenzhen 300 ETF ranked second with 2.314 billion yuan, and net purchases ranked the first place. There are also E Fund GEM, Huaan Fund GEM 50, China Asset Management Technology Innovation 50 ETF, etc.
From an industry perspective, the technology sector and the drug and drinking sectors are still favored by long-term funding. Chip semiconductors, food and beverage, and pharmaceutical ETFs have become favorites of funds. Supported by capital inflows, the above group shares are expected to halt the continuous callbacks.
The post-90 beauty fund manager lost nearly 20% in 11 days after taking office.
At the beginning of the Year of the Ox, A shares suffered continuous one-sided declines, especially Baotuan shares. The net worth of most fund products has seen a sharp decline, even including many top-tier fund manager products. The fundamental loss has become a hot topic in the market, many people think that the bottom is a trap.
As long-term funds, the time of holding is crucial for mutual funds. The holding time will determine the performance of the fund. However, the timing of entry plays a larger role in whether the fund can generate money. The two funds of the ABC-Agriculture Fund have recently experienced a cliff-like decline. ABC Healthcare Stock and ABC-Agricultural Innovative Medical Hybrid have fallen 26.63% and 25.98% respectively in the last month. Emerging funds after the 90s manager Mengyuan also attracted the market’s attention.
Since February 24, 2021, when he became the fund manager of ABC-Agriculture Healthcare and ABC-Agriculture Innovative Healthcare, Mengyuan has only worked for 11 business days. However, the net worth of the two funds under management has drastically dropped. Statistics show that the latest net values of ABC Healthcare and ABC-Agriculture Innovative Medical Hybrid shares were 2.5879 and 1.4217, respectively. They fell 18.42% and 18.09% in 11 business days during his tenure, ranking among reciprocal stock funds. The Shanghai Composite Index fell 7.66%. The total size of the two funds managed by Mengyuan is 4.747 billion yuan. A rough estimate is that the floating losses of the two funds during his tenure are nearly 1 billion yuan.
Changes in the net worth of 2 funds since Mengyuan took office
The two fund holdings managed by Mengyuan have a high degree of concentration, with the total holdings of the top ten heavyweight stocks accounting for around 70%. They are all high-priced pharmaceutical stocks and basically belong to the current extremely hot group A. stocks. The top ten heavyweight stocks collectively fell during the dream circle trading period, down more than 10%. Among them, Aier Ophthalmology, Betta Pharmaceuticals, Yaoshi Technology, Opcom and Tongce Medical fell more than 20%.
The two fund positions managed by Mengyuan are highly overlapping
The top ten stocks of the two funds managed by Mengyuan are exactly the same, and their holdings are also similar. It can be seen from the net worth trend that the net worth trend of the two fund products is basically the same, and the rate of return after buying at the same point is also relatively close. Except for the difference in the name of the fund, it can be considered as the same fund product.
According to public information, Mengyuan, a fund manager, owns a group concept and is firmly optimistic about the leading stocks. In an open letter to investors, he wrote: “We must focus on a core, that is, persist in investing in the field of pharmaceutical innovation, and persist in investing in those futures. The most competitive company in a long time.” The former fund manager, Zhao Wei, is also a groupist. The concentration of the top ten stocks in the fund under management (ABC Health Shares) increased from 61.59% at the end of 2019 to 69.04% at the end of 2020, an increase of 7.45 percentage points.
In terms of balance, Mengyuan’s tenure in office is very short and he took over in the initial stage of the Baotuan share collapse. The net worth fluctuations caused by the strong correction of heavy stocks cannot be paid by Mengyuan. Short-term fluctuations in the fund’s net worth are unavoidable. The fund’s performance depends on its long-term performance. Time is the best witness of the investment.
Northern Rare Earth listing price released in March and price increase exceeds 30%
On the night of March 10, the rare earth giant China Northern Rare Earth (Group) High-Tech Co., Ltd. announced on its official website the listing price of light rare earth oxides in March, the price price of lanthanum oxide was 10,800 yuan / ton; the listing price of cerium oxide was 10,800 yuan / ton. The listing price of neodymium oxide praseodymium was 583,200 yuan / ton; the listing price of neodymium oxide is 695,800 yuan / ton; the listing price of praseodymium neodymium oxide is 715,000 yuan / ton, the listing price of neodymium metal is 850,000 yuan / ton. Compared to the prices listed in February, several categories such as Praseodymium Neodymium Oxide, Praseodymium Metal Neodymium and Neodymium Oxide have seen a huge month-over-month increase of 25-33%.
In addition to Northern Rare Earth, the latest listing price from Southern Rare Earth Group also shows the general upward trend in rare earth prices. Among them, the average price of terbium oxide rose by 100,000 yuan / ton, and the trading range was 9.8-9.9 million yuan / ton; the average price of dysprosium oxide increased by 10,000 yuan / ton, and the trading range was 3.0 -3.06 million yuan / ton.
The downward flow of rare earths has expanded. Expansion of new energy vehicle production capacity has led to continued growth in demand for rare earths. Overlapping stock reduction has been completed and future prices are expected to continue to rise. Professionals said that the price of rare earths continues to rise, the spot shortage continues, the overall market has fewer quotes, subsequent orders are blocked for purchases and shipments, demand still exists, support is strong, traders are positive, mostly bullish about the market, and the rare earth market is increasing as a whole.
Rare earth prices have continued to rise recently, for one thing, downstream demand has increased, and more importantly, politics is faced with increased positioning of rare earths. On March 1, the Minister of Industry and Information Technology pointed out at a press conference of the Information Office of the State Council that rare earths are not sold at a “rare” price, but are sold at a price. of Earth”. It was because of fierce competition and competitive price cuts that this precious resource was lost. Northeast Securities stated that the Ministry of Industry and Information Technology’s adjustment to the rare earth industry shows that the country attaches great importance to rare earths as a strategic resource and remains optimistic about the rare earth sector with a continuously optimized supply and strong upward demand.
Disclaimer: All content of Databank information does not constitute investment advice. The stock market is risky and investment must be cautious.
