Since the beginning of this year, the A-share market has continued to fluctuate, but the enthusiasm of private equity fund managers to deploy the market has not been hindered.According to the latest statistics from the Private Equity Pai Pai.com, a reporter from Securities Daily learned that in the first five months of this year, the entire market had incomplete statistics, and the number of private equity funds that had been filed was as high as 13,000, showing that the enthusiasm for private placement in the market has not been affected.
A number of private equity people told the "Securities Daily" reporter that since the beginning of this year, many sectors of the A-share market have shown a unilateral downward trend, including sectors such as new energy and semiconductors that most institutions are optimistic about. Considering the low side, the enthusiasm for private placement is still increasing.In the medium and long term, the direction of long-term asset allocation in the A-share market remains unchanged, and it is expected that many sectors will have opportunities to rebound in the second half of the year.
Abama Assets
Ranked first with 97 funds issued
According to data from the Private Equity Pai Pai Network, as of the end of May, 13,014 private equity funds in the whole market had completed the filing.Among them, there are 9,533 securities private funds, accounting for 73.25%, including 931 funds issued by 60 private equity funds worth 10 billion yuan.Specifically, during the year, Abama Asset ranked first with 97 funds issued, Huasoft New Power ranked second with 77 funds issued, and Qianxiang Asset ranked third with 41 funds issued. Look, except for Qianxiang Assets, the other two have negative returns.
In addition, the four private equity institutions of Kaifeng Investment, Si Xie Investment, Ruijun Assets, and Kuan Investment Properties recorded between 30 and 40 funds during the year.Except for Si Xie Assets, the other private equity institutions have negative returns during the year; there are also 11 private equity institutions including Zhengyuan Investment, Yinye Investment, Yanfu Investment, Xiangju Capital and Egret Asset Management, which also filed 20 to 30 private equity institutions during the year. Products, except for Egret Asset Management, other private equity institutions also have negative annual returns.
In the first five months of this year, a total of 1,488 products were liquidated.Among them, 886 products are managed by private equity managers with a scale of 0 to 500 million yuan, while only 114 products under the 10 billion yuan private equity market have been liquidated.Among these liquidation products, 608 funds with only a track record had an average return of 16.21% since their inception.Among them, 304 funds have achieved positive returns since their establishment, accounting for 50%.From the perspective of their strategies, subjective longs occupy a relatively high proportion, with as many as 710 products accounting for 47.72%, and the strategies of other products include quantification, fixed income, FOF and relative value.
Huang Yi, investment director of Hongfeng Assets, told the "Securities Daily" reporter that there are many unstable factors in the international fundamentals during the year, the risk appetite in the global stock market has decreased, and A-shares have also shown a unilateral decline. Only cash assets such as high dividend yields , Low-valued sectors have made absolute gains, and most sector indices are in a weak trend.
Lin Jiayi, CEO of Xuanjia Financial, told the "Securities Daily" reporter that this year, securities private equity funds are in a group mode, especially quantitative strategy funds. , Correspondingly, the leading enterprises characterized by stable growth are in the mode of shock and rebound, which is the main reason for the performance differentiation of private equity managers.
Managed Futures Annual Yield
Staying at the top of all strategies
According to the latest data from Private Equity Pai Pai.com, as of May 20, the best-performing private equity fund is still managed futures strategy, with an average return rate of 3.13% during the year, ranking first, while the stock long strategy is still relatively low, with a decline of 1.2% during the year. 16.65%.In addition, the bond strategy and relative value performed steadily, highlighting the "anti-fall advantage", and the declines during the year were all within 4%.
For the investment in the second half of the year, many private equity managers have given different expectations.
Huang Yi suggested that the layout in the second half of the year can be made from the following aspects: First, industries with continuous improvement in prosperity, including photovoltaics, wind power, energy storage, etc.; The entire upstream industrial chain of components, automotive electronics and new energy vehicles; the third is agricultural security, information security, national defense security related to national security, and the corresponding sub-sectors, including seed industry, planting, agrochemical, computer and semiconductor etc.; Fourth, infrastructure and consumption related to "steady growth", including building materials, tourism hotels, commercial retail, food and beverages, etc.: Fifth, sectors related to the epidemic, including reagent companies and testing service companies for normalized nucleic acid testing .
"In the second half of the year, relatively speaking, the rebound of the new energy and consumer sectors does not have outstanding advantages, and its valuation still needs to be cleared, and the steady performance of the leading companies in the 'stable growth' can be worth looking forward to." Lin Jiayi said , these sectors will be favored by the return of funds, and the expected interest rate hike will further promote the low-valued blue-chip market.
Yang Daiqi, the fund manager of Quanjing Fund, told reporters that the core of the A-share market this year is "steady growth".At present, the market valuation is relatively low and it is more suitable for large-scale layout. It is believed that there will be greater investment opportunities in the second half of the year. Specifically, one is the high-quality targets of the "steady growth" related sectors; Bounce space.
(Editor: Xu Nannan)
