Pharmaceutical stocks are backed up | Themed funds are picking up

Pharmaceutical Network August 29th last week, A shares of the three major stock indexes rebounded under the blue-chip stocks, pharmaceutical, food and beverage, banking, non-banking financial and other Shenwan industry index also rose. Affected by this, medicine, financial funds There are also signs of recovery. Wind data shows that as of the 27th week, among the top 10 products in the classification fund, pharmaceutical and financial products accounted for more than half of the total, and 3 products rose more than 11%, actively managing The largest increase in the type of equity products is also the medical and health theme fund.

In the past week, blue-chip stocks rebounded slightly. The SSE 50 Index led the SSE scale index. As of the 28th, its growth rate exceeded 4%. Among them, the pharmaceutical bio-bank index rose more than the 28 industry indexes of Shenwan, which rose more than 6%, 3%. Affected by this, related theme funds also swept the previous trend, leading other equity funds.

According to Wind data, as of the 27th, Changsheng CSI Financial Real Estate B, China Thailand Medical and Health B, Huabao CSI Medical B and other 6 grading funds accounted for the top 10 of the passive equity funds, with a return of over 9%. At the same time, Rongtong Medical health care Industry A, SDIC UBS Healthcare and other active equity funds also performed well in similar products, with more than 10 related theme funds rising more than 5%.

From the perspective of capital flow in the north, despite the sharp decline in A-share volume last week, as of the 27th, Shenzhen Stock Connect funds were net inflows, and Shanghai Stock Connect funds were net inflows except Friday. From net outflow to net inflow, it means that it is optimistic about the adjusted configuration value of high-quality stocks. At the same time, Hengrui Medicine in the past week, Investment Banks, Ping An Bank and other stocks also frequently appear in the top ten active stocks, the market is highly concerned.

The industry believes that from stock selection standard In view of this, foreign capital is more concerned with the company's fundamentals and company value. From the perspective of stock selection preferences, blue chip stocks and high-quality growth stocks will become the target of foreign shareholding.

In fact, since the second half of the year, thematic funds such as medicine have seen a significant adjustment with the market, and many of the top fund products have fallen sharply. However, with the recent rebound of related stocks, such funds have also picked up.

Although the market has undergone minor adjustments on the 28th, overall, fund companies still have a lot of interest in medicine, finance and other fields.

Some fund companies said that the future big financial sector has valuation advantages and has defensive attributes. China Life Insurance Fund believes that benefiting from the end of August, MSCI included A shares increased to 5%, low valuation of banks, insurance as 'ballast Stone', still worthy of configuration.

According to GF Fund, the financial sector may have certain signal significance. According to historical experience, the financial sector tends to bottom out in the market. For example, in 2005 and 2012, the financial sector led the Shanghai Composite Index in the first quarter. Because the financial sector has the characteristics of large market capitalization, low valuation, and high dividend yield, the financial sector bottoming out means that configuration investors have seen investment opportunities and entered.

Guorong Fund said that the consumer stocks that had fallen over the previous period have rebounded in the near future. The main reason is that the semi-annual report results announced by the sector have basically met or exceeded market expectations. These blue-chip varieties once again reflect the investment value and are optimistic about the fully adjusted medicine And consumer goods. GF ​​Fund also believes that as consumer stocks fall to the end, it is recommended to pay attention to undervalued consumer leaders.

Qian Delong, chief economist of Qianhai Kaiyuan, believes that holding high-quality stocks in the bottom of the market is waiting for the market to pick up. This is a good investment strategy. In the bottom of the market, you should hold some chips instead of continuing to panic.