Noan growth hybrid fund is a hybrid fund of noan fund, which was established on March 10, 2009 with the code of 320007. In 2019, the noan growth hybrid fund achieved 95% yield, ranking the top 10 among more than 3000 similar funds, and once became a star fund. However, the performance in the near half year of 2020 is not satisfactory, with the half year return of only 0.83%, ranking in the bottom 100 among more than 3000 funds of the same kind, which is in sharp contrast with the past brilliant performance.
On July 21, 2020, noan growth hybrid Fund released the latest quarterly report. By reviewing the quarterly report, we can find that noan growth hybrid still holds a large position in the chip semiconductor sector, and the position is very concentrated, and the top ten heavy positions even account for more than 80%.
In terms of future operational strategies, fund managers said:
Full resumption of work in the third quarter is a high probability event and should not be pessimistic. At present, the only systemic risks affecting the market are the second outbreak of the epidemic and the tightening of liquidity. The normalization of global epidemic situation has become inevitable. Liquidity may be slightly adjusted before the economy improves, but the probability of significant change is small. Therefore, in the case that these two major premises will not occur, we only need to pay attention to the situation of the industry itself and stock price expectation.
For the future market, there are three big judgments:
First, the probability of systemic risk is low. The systemic risks affecting the market are only two factors: the second outbreak of the epidemic and the tightening of liquidity. The normalization of global epidemic situation has become inevitable. Liquidity may be slightly adjusted before the economy improves, but the probability of significant change is small. Therefore, in the case that these two major premises will not occur, we only need to pay attention to the situation of the industry itself and stock price expectation, and the marginal impact of Sino US trade war is weakening Is no longer new information.
Second, the growth of science and technology repair market. From the perspective of industry segmentation, pharmaceutical consumption and other industries benefiting from the epidemic have seen a substantial increase, and the growth and repair market is optimistic in the second half of the year.
Third, maintain high positions. The key to this year is easy liquidity, which is the first thing to consider when making all decisions. In the context of monetary easing, long, medium and short logic can be concerned. Long logic looks at space and short logic looks at high-low switching.
Investment funds, especially stock funds and mixed funds, which are partial stock funds, have relatively high risks. If you choose improperly, or blindly pursue some so-called explosive funds, it is easy to have the situation of noan, which will bring great losses to themselves.
Investors should refer to the quarterly report in the fund manager's expression to decide whether to adjust the fund.
If you want to invest in partial stock funds, including index stock funds, you must first settle down and do enough homework before making a decision. Don't blindly pursue those net red funds with soaring performance.
There are two issues we need to pay special attention to.
1. If a fund is at the top of the income list, it is likely to bet heavily on a certain industry or a few stocks. When it comes to the wind, the net value will increase by leaps and bounds. Naturally, the ranking will be particularly bright. However, once the wind is over, or facing adjustment, then the net value may also fall like a cliff. Therefore, the net value of such funds will inevitably fluctuate greatly.
2. Choosing active funds is to a large extent choosing fund managers. We should choose fund managers as long-distance running masters, not sprinters with strong explosive power. Only through the baptism of many rounds of bull and bear market, can we exercise the strength of fund managers. In addition, for the fund whose net value is rising rapidly, we should set up a reasonable way to stop the profit and let the income fall into the bag for safety.