"Can I get on the bus today?" On July 11, although the new energy sector suffered a sharp drop, it attracted many Christians who wanted to buy related themed funds. These Christians saw that the new energy fund had bottomed out before the market. The excess returns that ran out after that.
According to the statistics of the "International Finance News" reporter, since the market bottomed on April 27, as of July 8, the fund with the highest yield during the period has exceeded 80%, which is a new energy theme, and the cumulative yield has exceeded 70%. Some of the funds of the company also hold heavy positions in the new energy sector.
The valuation of the new energy sector has also attracted attention recently. Ying Ying, the wife of Xu Xiang, the former private equity brother, recently publicly stated that the price of Tianqi Lithium has been overvalued. On July 11, the stock appeared intraday. The flash crash fell and many new energy sub-sectors suffered adjustments on the day.In addition, there are public funds that said that the third quarter entered a key verification period for the demand of the new energy industry chain. Since the end of April, the increase has been larger, and the short-term market volatility has intensified.
Earn up to 80% after bottoming out
After the end of April this year, the market recovered rapidly, and among them, the fund under pressure in the new energy track has achieved good excess returns.
Flush iFinD data shows that as of July 8, since April 27, the fund with the highest yield during the period was Xin’ao New Energy Selection, with a return of more than 80%; SDIC UBS New Energy A’s return reached 77.05%; more The yield rate of funds that only hold heavy positions in the new energy industry chain exceeds 60%.It is worth mentioning that, from the perspective of fund types, most of the funds with the highest returns during the period are actively managed. The yield of battery ETFs exceeds 68%, ranking first among all stock ETFs.
These new energy funds that have achieved excess returns have relatively heavy positions at the end of the first quarter, and have always maintained a long-term optimistic attitude towards the new energy industry.
Xinao New Energy Select’s stock position at the end of the first quarter reached 93%. The fund mentioned in its quarterly report, “It is expected that the demand for new energy vehicles will continue to be strong after the epidemic is brought under control, and the average valuation of this product’s holdings has already It has been greatly reduced and has a strong margin of safety. The position is still dominated by upstream mineral resources, and at the same time, it has increased the allocation of leading car companies whose market share has risen rapidly this year.” The fund manager of this fund believes that the most important thing now is , is to maintain confidence and patience.
SDIC UBS New Energy's stock position at the end of the first quarter was close to 90%, and the fund is also optimistic about emerging industries represented by new energy, "The first quarter is the beginning of the year, and it is just the beginning. Although there are currently different sectors between There is a big difference in the rise and fall of the industry, and the performance of emerging industries is not good, but we still believe that the future belongs to the growth industry, and only long-term industry growth will bring long-term investment returns."
Big drop after rebound
The rebounding new energy has always been a sector that the market has paid more attention to. The wife of Xu Xiang, the former private equity brother, publicly expressed her views on the new energy sector the night before. She directly named Tianqi Lithium, the leading lithium mine with a market value of 200 billion, suggesting that Risks to the stock: "Davis Double Tap has peaked, overvalued".Subsequently, in the early trading of July 11, Tianqi Lithium suffered a flash crash and the limit fell, and the stock price fell 9.16% at the close.
Xu Xiang's wife does not have the relevant qualifications for securities investment consulting services. In response to the media, she said that she did not invest in stocks and had no contact with Xu Xiang.
Tianqi Lithium responded to the media on the morning of July 11: "According to Ying Ying's public response last night, she does not have a stock account and does not buy or sell stocks. I understand that she does not hold Tianqi Lithium stocks. At the same time, we also Investors are reminded to view market comments rationally and pay attention to investment risks. The company is currently operating normally."
In addition to the sharp drop in the share price of Tianqi Lithium, Shengxin Lithium, Ganfeng Lithium, Hanrui Cobalt and other stocks all fell by more than 5%.
Although energy metals, automobiles and other sectors led the market decline on July 11, and some leading stocks in the new energy industry chain suffered a sharp drop or limit drop, the reporter noticed that in the discussion area of the Internet fund sales platform, there were still some inconsistencies. Few investors hope to "get on the train" with the help of funds.
A private equity person told the "International Finance News" reporter that he has been investing heavily in new energy before, and it is expected that there will be a correction after the rebound of new energy.
Be wary of high valuations
The new energy fund, which has made a "plenty of money" in the past month or so, can be described as the most popular theme fund at present, but whether it can sustain the big rebound since the end of April in the short term needs careful consideration.
China Merchants Fund believes that the third quarter will enter a key verification period for the demand for the new energy vehicle industry chain.The new energy vehicle-related sectors have seen larger gains since the end of April, and short-term market volatility has intensified.
Hu Bo, manager of Rongzhi Investment Fund, a subsidiary of Pai Pai.com, told the "International Finance News" reporter that from the current stage, although the new energy sector is in a period of high prosperity, the overall valuation of the sector is no longer cheap, and at the same time, institutions are concentrated. The position is on the track, and after the sharp rise, the institution has made a lot of profits, so the short-term pressure will be relatively large.After the penetration rate of new energy reaches a certain stage, it is an unknown factor whether the future growth rate can be maintained, and whether the current valuation level can support it is also uncertain, so this is also the recent adjustment of new energy. One of the main reasons.
Hao Xinming, manager of Fangxin Wealth Investment Fund, believes that the valuation of inverters, lithium batteries and other sectors in the subdivision track has been close to 100 times, and the expectation of high prosperity and high growth has been reflected in the high valuation.From the current position, the risk in the short and medium term is still relatively large. If the intervention cost is high, in order to avoid the risk of volatility, you should make a profit and stop profit. If you are based on long-term investment, the new energy track is worth holding.
"For small-scale investors investing in new energy industry funds, it is recommended to temporarily stop profits." Zhao Yuanyuan, investment director of Jianhong Times, told reporters that the current lithium battery valuation has rebounded from the bottom, reaching about 40% of the high point in December last year; Inverter and new energy equipment valuations have rebounded 90%.Given that the domestic epidemic has worsened again and the United States is about to raise interest rates sharply, one of the important drivers of the new energy sector may slow down the inflow of foreign capital into A shares.In addition to the new energy sector, in the short term, she suggested that investors pay attention to low-end stocks with good interim reports but insufficient gains in the past two months.
