Analyze how to define consumer theme funds.

Analyze how to define consumer theme funds.

Grasping investment opportunities in the consumer sector can be laid out through consumer funds. The layout of consumer funds is consumer index funds and active management funds. Bian Xiao sorted out how to define consumer theme funds here for your reference. I hope everyone will gain something in the reading process!

How to define consumption theme fund

Consumer theme funds can be selected according to the word "consumption" in the fund name. For example, E Fund's consumer industry is a well-known typical consumer theme fund. But the definition of consumer theme fund is not only from the name, but also from the fund position.

We counted eight industries in Shenwan's first-class industries as consumption sectors, including food and beverage, household appliances, automobiles, commercial trade, leisure services, textiles and clothing, light industrial manufacturing, agriculture, forestry, animal husbandry and fishery, screened common stock-based and partial stock-based mixed funds, and defined six funds that held positions in Shenwan's first-class industries in the past two semi-annual periods, including household appliances, food and beverage, textiles and clothing, commercial trade, leisure services and light industrial manufacturing, accounting for the proportion. Some fund options are as follows:

How to Choose Consumer Theme Fund

1, see fund manager.

First of all, the fund manager should have a complete annual management performance (take office before 20 19), have a long management time, have more experience in dealing with fluctuations, and have better integration with the team.

There are E Fund, Xiao Nan, Wang, China Europe Fund, Hu Xinwei of Huitianfu Fund, Jing Shun Great Wall Fund, Huang of Fox Summer Fund and harvest fund.

Step 2 look at the scale

When choosing a fund, you need to pay attention to the scale. For actively managed and consumer-themed funds, there are many consumer funds established earlier, with larger scale, and some even exceed 20 billion yuan. However, according to data observation, in the case of close management levels, relatively small funds are generally more radical. Although we see that the large-scale funds have good long-term performance, from the perspective of segmentation, after their rapid expansion, their performance has not kept up with the expansion speed. After all, it is often said that "elephant dancing is always a bit cumbersome."

However, foundations with too small scale are at risk of liquidation and huge redemption, so it is suggested to choose scale >; 500 million fund.

Step 3 look at the location

Consumer funds that like to buy liquor: The liquor positions of consumer funds are generally 20% to 30%. Penghua pension industry and Yifangda consumption obviously prefer liquor, especially Penghua pension industry, which will buy more than half of the positions in several reporting periods. Baoying cutting-edge mixed wine, China-Europe consumption theme wine and rich country consumption theme wine have lower positions.

Consumer funds that like to buy home appliances: The positions of home appliances in consumer funds are generally from 10% to 15%, and the allocation of E Fund's consumption in the home appliance industry is more than similar. Rich country consumption theme, Haifutong domestic demand hotspot, China-Europe consumption theme, less household appliances configuration.

Consumer funds that like to buy food: the allocation ratio of consumer funds to food is generally within 10%, and Baoying Xinrui, Central Europe Consumer Theme and Huitianfu Consumer are above the same allocation. The food here includes dairy products and condiments.

Consumer funds that like to buy agriculture, forestry, animal husbandry and fishery: Judging from the positions held in the past three years, Jing Shun Great Wall Xinxing Growth and Baoying Xinrui have long held the agriculture, forestry, animal husbandry and fishery sector, while E Fund's small and medium-sized stocks hardly hold this sector.

Consumer funds for purchasing drugs: the distribution of consumer funds in the pharmaceutical sector is very different. For example, Baoying Xinrui and Yifangda basically do not allocate the pharmaceutical sector, while Yifangda's small and medium-sized stocks will allocate a certain proportion of pharmaceutical stocks for a long time.

Consumer funds that buy TMT: Generally, consumer funds rarely buy TMT plates, but the consumption themes in Central Europe will be slightly more than similar ones.

Summary: Investors who like liquor can pay attention to the consumption of E Fund, investors who like consumption and medicine can pay attention to the small and medium-sized E Fund, and investors who like the growth style of the consumer industry can pay attention to the consumption theme of China and Europe.

Liquor, consumption, food and beverage are good long-term investment tracks, but no matter what economic environment, their performance can grow steadily. However, in the case of overestimation, we should pay special attention to the risk of withdrawal. It is said that those who can buy are apprentices and those who can sell are masters. Although I have made a lot of money now, I still haven't settled down in the end. It's all empty. If you think you have earned more, or have really gone up a lot, then the risk is a bit big. You can consider taking profits on your own, or appropriately reduce the pace of investment.

How to invest in consumer theme funds

The first is a fixed investment.

Valuation is a good reference for fixed investment industry theme funds. The last time CSI Consumer Index was relatively cheap, it was an absolute valuation of 20 18 years1October 2 1 times, and the corresponding relative valuation score was less than 20%. However, at present, the absolute valuation of the CSI Consumer Index is over 30, and the corresponding relative valuation is over 90%, which is not cheap at all.

In addition to regular monthly investment, artists can continue to try daily investment or weekly investment, which is a good target when it is low.

The second is as a long-term asset allocation.

From the standpoint of personal allocation, I think that under the current circumstances, the funds held by the consumer industry can be moderately reduced and put into the bag in time. On the one hand, it can reduce the risk of holding consumer industry index funds, on the other hand, it can take the opportunity to buy assets with low valuation and accumulate more chips with low valuation.

But if you don't have a consumer fund now, I think you can buy it in batches and take a fixed investment to reduce the risk of buying a fund.

We must understand that there can be no once-and-for-all investment model, let alone a once-and-for-all goal, so we'd better be cautious before learning and mastering a suitable investment method. Risk control is more important than making money, especially in a bear market.

Although the consumer industry belongs to the "long bull plate", it also needs patience that is not afraid of short-term fluctuations and long-term. It is not easy to do a good job in consumer theme funds and obtain excess returns. I suggest that you choose products managed by fund managers with deep research ability, practical investment mentality and long-term background in consumer industry. Consumer theme funds are mainly long-term investments, held for a long time, waiting for flowers to bloom.

The advantage of actively managed consumer theme funds is that if their fund managers are highly qualified and their investment strength is relatively strong, they will have the opportunity to make more targeted allocation according to the industry prosperity and valuation level in each period, so as to achieve returns beyond the average level of large consumer sectors with low fluctuations and retracement in the long run. This is the investment value that actively managed consumer theme funds can provide, which is different from the consumer theme index.

If the small partners want to invest in consumer theme funds, but they are not good at judging the prosperity and valuation level of various industries, or have no time and energy to study these things, then choosing a good actively managed consumer theme fund is a good choice.

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