汇添富国证生物医药ETF

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回本了!A股突破3700点,半数“高位基”已解套!
天天基金网· 2025-08-18 05:17
Core Viewpoint - The market has returned to the 3700-point level, with over 50% of funds established during the last bull market now back to their initial net asset value, indicating a recovery trend in the investment landscape [2][3][4]. Fund Performance Summary - As of August 15, 2021, among 1785 funds established, 936 funds (52.44%) have their net asset values above 1, with some funds achieving values above 1.5 [5]. - Notable examples include the Invesco Great Wall Long-term Growth Fund, which reached a high of 1.18 in August 2021 and recently achieved a net value of 1.0055, and the Golden Eagle New Energy Mixed Fund, which rebounded to 1.0342 after a significant drop [4][5]. - However, approximately 30 funds established in 2021 still have net asset values below 0.5, indicating a significant performance disparity among funds [5]. Performance Disparity Analysis - Funds established at the same market peak have shown significant performance differences, with some funds like Huaxia North Exchange Innovation Small and Medium Enterprises Fund achieving returns of 143.51%, while others have negative returns [7]. - The disparity is attributed to differing investment strategies, with successful funds focusing on cyclical sectors and technology, while underperforming funds were heavily invested in renewable energy sectors [7][8]. Market Dynamics and Fund Flows - The market is experiencing a "return redemption" pressure as funds approach their break-even points, particularly in sectors like new energy and pharmaceuticals [10]. - Despite redemption pressures, new active equity funds are seeing a resurgence in fundraising, with July's issuance reaching around 10 billion [10][11]. - The market is transitioning from a negative cycle to a positive one, with increased inflows expected as the market's profitability improves [11].
回本了!市场重回3700点上下,半数“高位基”已解套!
Cai Jing Wang· 2025-08-18 03:07
Core Viewpoint - The market has returned to around 3700 points, with over 50% of funds established during the last bull market now recovering to their initial net asset value (NAV) [1][2]. Fund Performance - As of August 15, 2023, 936 out of 1785 funds established in 2021 have a NAV above 1, representing 52.44% of the total [3]. - Notable funds like Invesco Great Wall's Long-Term Fund and Jin Ying New Energy Fund have recently achieved NAVs of 1.0055 and 1.0342, respectively, after significant rebounds [2][3]. - Some funds, however, remain underperforming, with about 30 funds established in 2021 having NAVs below 0.5 [3]. Performance Disparity - There is a significant performance disparity among funds established at the same market peak, with some funds achieving returns as high as 143.51% while others have negative returns [4][5]. - Funds that performed well tended to focus on sectors like materials and artificial intelligence, while underperforming funds were often concentrated in renewable energy sectors [4]. Market Dynamics - The market is experiencing a "redemption pressure" as funds that have returned to their NAVs face potential outflows due to investor behavior influenced by previous losses [6]. - Despite this, new active equity funds are seeing a resurgence in fundraising, indicating a potential recovery in the market [6][7]. - The market is expected to enter a positive cycle of capital inflow and price appreciation, driven by strong demand for high-return assets [7].
回本了!市场逼近3700点 半数“高位基”已解套!
Zhong Guo Jing Ji Wang· 2025-08-18 00:44
Core Viewpoint - The market has returned to around 3700 points, with over 50% of funds established during the last bull market in 2021 now recovering to their initial net asset value (NAV) [1][2]. Fund Performance - As of August 15, 2023, 936 out of 1785 funds established in 2021 have a NAV above 1, representing 52.44% of the total [3]. - Notable funds that have recovered include Invesco Great Wall's Long-Term Fund, which reached a NAV of 1.0055, and Jin Ying New Energy Mixed Fund, which reached 1.0342 [2][3]. - Some funds, such as Dachen Industry Trend and Huatai-PB Health Life, have NAVs stabilizing above 1.5 [3]. Performance Disparity - There is a significant performance disparity among funds established at the same market peak, with some funds achieving returns as high as 143.51% while others have negative returns [4]. - For instance, Dachen Industry Trend has a return of 88.72%, while other funds like Huatai-PB National Bio-Medical ETF have returns of -59.77% [4]. Market Dynamics - The market is experiencing a "return to break-even" pressure, particularly in sectors like new energy and pharmaceuticals, which were popular during the previous bull market [5]. - Despite redemption pressures, new active equity funds are seeing a resurgence in fundraising, with July's issuance reaching around 10 billion [5][6]. - The market is moving out of a negative cycle, with a potential positive feedback loop emerging as the market's performance improves [6].
沪指摸高3700,“潜水基”纷纷浮出水面
Zheng Quan Shi Bao· 2025-08-17 23:49
Core Viewpoint - The recent recovery of the Shanghai Composite Index, which briefly surpassed 3700 points, has allowed over 50% of funds established during the last bull market to return to a net value of 1, indicating a significant recovery from previous lows [1][2][3]. Fund Performance Recovery - As of August 15, 2023, 936 out of 1785 funds established in 2021 have a net value above 1, representing 52.44% of the total [3]. - Notable funds like the Invesco Great Wall Long-term Growth Fund and the Golden Eagle New Energy Mixed Fund have recently achieved net values of 1.0055 and 1.0342, respectively, after significant fluctuations [2][3]. - Some funds, such as the Dazhong Industry Trend Fund and the Huatai-PineBridge Health Living Fund, have even stabilized above 1.5 [3]. Performance Disparity Among Funds - There is a marked performance disparity among funds established at the same market peak, with some achieving returns as high as 143.51% while others remain below 0.5 [4][5]. - The Dazhong Industry Trend Fund has a return of 88.72%, while other funds like the Huatai-PineBridge National Bio-Medical ETF have returns of -59.77% [4]. Market Dynamics and Fund Flows - The recent recovery of funds has led to redemption pressures, particularly in sectors like new energy and pharmaceuticals, which were previously popular [6]. - Despite redemption pressures, new active equity funds are seeing a resurgence in fundraising, with July's issuance reaching approximately 10 billion [6]. - The market is transitioning from a negative cycle of fund flows to a more stable environment, with a decrease in net redemptions observed [6][7]. Positive Market Sentiment - The investment community is optimistic about the A-share market, noting a strong demand for high-return assets amid a backdrop of high savings growth and an "asset shortage" environment [7]. - The potential for a positive feedback loop between inflows of external capital and market performance is anticipated, suggesting that market sentiment may currently outweigh fundamental factors [7].
回本了!市场逼近3700点,半数“高位基”已解套
Zheng Quan Shi Bao· 2025-08-17 22:21
Core Viewpoint - The market has returned to around 3700 points, with over 50% of funds established during the last bull market in 2021 now recovering to their initial net asset value (NAV) [1][2]. Fund Performance - As of August 15, 2023, 936 out of 1785 funds established in 2021 have a NAV above 1, representing 52.44% of the total [3]. - Notable funds like Invesco Great Wall's Long-term Growth Fund and Jin Ying New Energy Mixed Fund have recently achieved NAVs of 1.0055 and 1.0342, respectively, after significant rebounds [2][3]. - However, approximately 30 funds from 2021 still have NAVs below 0.5, indicating severe underperformance [3]. Performance Disparity - There is a marked performance disparity among funds established at the same market peak in 2021, with some funds achieving returns as high as 143.51% while others have negative returns exceeding -59% [4][5]. - Funds that performed well tended to focus on cyclical sectors like materials and chemicals, while poorly performing funds were heavily invested in renewable energy sectors [4]. Market Dynamics - The market is experiencing a "return to break-even" pressure on funds, particularly those concentrated in sectors like new energy and pharmaceuticals [6]. - Despite redemption pressures, new active equity funds are seeing a resurgence in fundraising, with July's issuance reaching around 10 billion [6]. - The market is transitioning from a negative cycle to a more stable environment, with a potential for positive cash flow and market growth [7].
沪指摸高3700 “潜水基”纷纷浮出水面
Zheng Quan Shi Bao· 2025-08-17 17:40
Core Insights - The Shanghai Composite Index recently surpassed 3700 points, marking a significant recovery for funds established during the last bull market, with over 50% of these funds returning to a net value of 1 [1][2]. Fund Performance Recovery - As of August 15, 2023, 936 out of 1785 funds established in 2021 have a net value above 1, representing 52.44% of the total [3]. - Notable funds like the Invesco Great Wall Long-term Growth Fund and the Golden Eagle New Energy Mixed Fund have recently seen their net values recover to above 1, with the latter reaching 1.0342 [2][3]. - Some funds, however, remain significantly below 1, with around 30 funds established in 2021 having net values under 0.5 [3]. Performance Disparity Among Funds - There is a marked performance disparity among funds established at the same market peak, with some funds achieving returns over 100%, while others have negative returns exceeding 50% [4][5]. - For instance, the Dachen Industry Trend Fund has a return of 88.72%, while the Huatai-PB Biomedicine ETF has a return of -59.77% [4]. Market Dynamics and Fund Flows - The recovery of funds is leading to redemption pressures, particularly in sectors like new energy and pharmaceuticals, which were popular during the previous bull market [6]. - Despite redemption pressures, new active equity funds are seeing a resurgence in fundraising, with July's issuance reaching approximately 10 billion [7]. - The market is transitioning from a negative cycle in fund flows to a more stable environment, with a potential for positive feedback loops as investor sentiment improves [7].
回本了!市场逼近3700点,半数“高位基”已解套!
券商中国· 2025-08-17 15:05
Core Viewpoint - The market has returned to around 3700 points, with over 50% of funds established during the last bull market now back to their initial net asset value, indicating a recovery trend after a prolonged downturn [2][4][5]. Fund Performance Summary - As of August 15, 2024, 936 out of 1785 funds established in 2021 have a net asset value above 1, representing 52.44% of the total [5]. - Notable funds that have recovered include the Invesco Great Wall Long-term Fund and the Golden Eagle New Energy Mixed Fund, which have recently seen their net asset values rise above 1 [4][5]. - However, approximately 30 funds from 2021 still have net asset values below 0.5, indicating significant performance disparities among funds established at the same market peak [5][6]. Performance Disparity - Funds established at the same market peak have shown significant performance differences, with some achieving returns over 100% while others have seen declines exceeding 50% [7][8]. - For instance, the Dachen Industry Trend Fund has a return of 88.72%, while the Huatai-PB Biomedicine ETF has a return of -59.77% since their inception [7][8]. Market Dynamics - The market is experiencing a "return to break-even" pressure, particularly in sectors like new energy and pharmaceuticals, which were popular during the previous bull market [10]. - Despite the redemption pressure, new active equity funds are seeing a resurgence in fundraising, indicating a potential shift in market sentiment [10][11]. - The overall market is expected to enter a positive cycle of capital inflow and price increase, driven by a strong demand for high-return assets amid a backdrop of high savings growth [11].
汇添富力捧新人加速布局指数基金,罗昊年内九基连发势不可挡
Sou Hu Cai Jing· 2025-06-21 04:33
Core Viewpoint - The announcement of the "Huitianfu Guozheng General Aviation Industry ETF" indicates Huitianfu Fund's ongoing commitment to expanding its ETF product line, particularly under the management of the relatively new fund manager, Luo Hao, who has quickly gained recognition within the company [2][10]. Group 1: Fund Manager Profile - Luo Hao has been managing public funds since September 2024, with a total of 12 funds under his management, amounting to a combined scale of 5.785 billion yuan [2]. - Luo Hao holds a Bachelor's degree in Engineering from Shanghai Jiao Tong University and a Master's degree in Management from Northeastern University, USA [2]. - His previous experience includes positions at Shanghai Youma Investment Center and William O'Neil Investment Management [2]. Group 2: Fund Performance - As of June 20, 2025, among the eight products managed by Luo Hao, five have negative relative returns, while three have positive returns, with the "Huitianfu Shanghai Stock Exchange Sci-Tech Innovation Board 100 Connect A" showing the best performance at a relative return of 7.32% [9]. - The "Huitianfu Shanghai Stock Exchange Sci-Tech Innovation Board 50 Component ETF" has seen continuous growth in circulation shares since its inception, while the "Huitianfu Shanghai Stock Exchange Sci-Tech Innovation Board Comprehensive ETF" has experienced a decline in shares, indicating varying market demand for different themed ETFs [4][9]. Group 3: Company Strategy - Huitianfu Fund has significantly increased its ETF product line, with a total fund scale of 9.535 billion yuan issued in 2025, of which 7.688 billion yuan is in stock funds, primarily passive index funds, accounting for 80.62% of the total issuance [12]. - The company has hired 13 new fund managers in the past year, with 12 of them having less than one year of management experience, reflecting a strong emphasis on nurturing young talent [10][11]. - The strategic focus on passive index funds and the support for emerging fund managers like Luo Hao demonstrate Huitianfu Fund's commitment to innovation and growth in a competitive market [14].