Chapter 1538 [Fang Hong is very satisfied with this year’s report card]
If the 203 companies listed next door were placed on the SGX market, basically more than 90% would not be able to pass.
But looking at this growth rate, it may exceed the number of listings on the SGX market in 2020.
Logically speaking, the current A-share market is completely different from that of five years ago, because the emergence of the SGX market has turned Big A into a unique global capital market such as "one share, two systems", and stock investors
They have basically switched to the SGX market.
How come the two cities next to each other can successfully raise so many companies through IPO, and why can they succeed in going public? This is impossible under normal circumstances.
The answer is: funds.
Including public funds and private equity funds, now that the time has reached the point of 2020, few of the 160 million retail investors in Big A have gone to the two markets next door to buy new stocks.
However, there are still so many companies that are still able to successfully raise funds through IPOs. The reason is the participation of many public and private equity institutions.
In other words, hundreds of millions of citizens are providing financing and liquidity to these companies.
The main reason is that some newly launched active hybrid funds in the past three years have brought huge liquidity. Fund managers have invested part of their position funds in the SGX market, and the other part of their position funds have gone to the two neighboring markets to purchase new shares.
Allocating stocks in the SGX market mainly selects from the constituent stocks of the SGX 50 index. The rise brought by the allocation of stocks in the SGX market covers the decline and loss after the new listing next door. After hedging, the overall fund can still rise a lot.
.
However, these hybrid funds, without exception, all significantly underperformed the NSE 50 Index. The cumulative net return of most such funds throughout the year did not exceed 15%. You must know that the NSE 50 Index's annual increase reached 47%.
So many.
Where did the 30% of the gains go? The answer is self-evident, it is to take over new stocks in the two markets next door. After these new stocks were listed, they basically fell continuously, so you paid the price here.
Many Christians don’t know that if they buy an NSE 50 Index ETF and connect it to a passive index fund such as A/C, they can get an annual return of 45%, and if they buy 100,000, they can earn 45,000.
But when I bought these so-called active hybrid funds, the annual return rate was only 15%. If I bought 100,000, I could only earn 15,000, which is a direct loss of 30,000. However, instead of correspondingly decreasing, the risk I took on increased.
The 30,000 less earned was lost after the fund manager launched a new investment. In fact, it was harvested indirectly, because the new stocks next door were so overvalued that they were actually worth up to 2 yuan/share at the time of issuance.
to 20 yuan/share, 50 yuan/share, or even 100 yuan/share.
The result is that the stock prices of these companies peaked on the day they were listed, and then continued an endless downward trend, and the 30,000 less earned was lost.
In fact, over the years, many Christians have gradually discovered the tricks in this. They no longer buy so-called active hybrid funds, or they open an account and directly buy the New Certificate 50ETF or buy the New Certificate 50ETF to connect to A/C.
This type of passive index fund.
But I have to say it again. Although more and more fundamentalists have discovered that something is wrong, the scale of the fundamentalists is too huge. It is several times larger than that of stock investors. The current number of stockholders in Big A is about 165 million.
, but the number of Christian citizens has reached an astonishing 600 million.
With such a huge base scale, there will always be Christians in their own information cocoons, and the actual number is actually very large.
The citizens who are in their own information cocoon do not know the outside world. There are even many fund novices who think that funds are safer and have lower risks than stocks. They cannot even distinguish between bond funds and stock funds.
These basic citizens even feel very satisfied when they see a 15% income in a year, which is much greater than the interest earned from depositing money in the bank.
Because of this, new shares can still be issued next door, because there are many Christians who are in their own information cocoon and are happy to spend money to subscribe, and are very satisfied with the benefits.
Those active hybrid funds will allocate about 40% of their positions to asset targets in the SGX market, so that the fund can be profitable overall, so that these investors can continue to add positions and subscribe.
At this moment, Fang Hong sneered: "Sooner or later, these people will kill, cripple and stink this industry..."
In less than three years, these people will kill themselves, because it is impossible for the Christians who are in the information cocoon to be able to get out for the rest of their lives. In this era of short videos, the speed of information dissemination is unparalleled.
As time goes by, more and more Christians will step out of the information cocoon.
When they realize that they have taken the same risk but made so much less, they will naturally abandon those so-called active hybrid funds and turn to invest in the NSE 50 ETF feeder fund, or directly open an account to hold within the industry
New Certificate 50ETF.
There are currently a total of 7 on-site new certificate 50 ETFs in the A-share market, 5 of which have a market size exceeding one trillion, another one has reached a scale of 3 trillion, and the remaining 2 have also reached 6,000
The scales of 100 billion and 650 billion are the latest ones to be issued and listed, and it is only a matter of time before they exceed one trillion.
The total size of these seven SGX 50 ETFs has reached an incredible 11 trillion. This is because the entry threshold for the SGX market is too high, mainly the 1 million position market value threshold.
More than 95% of the retail investors in Big A can only participate in this market indirectly by trading the NSE 50 ETF. They themselves cannot directly invest in individual stocks in this market, so the total size of the seven NSE 50 index has reached
A huge amount of 11 trillion.
But at this moment, Tian Jiayi continued to report: "In 2019, the transaction volume of the SGX market reached a record of 220 trillion, and the average daily transaction volume exceeded 900 billion."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Although the SGX market implements a trading mechanism such as institutional T 3 and retail T 1, the trading activity has not diminished at all, and it has even moved next door.
The two markets fell into ruins in an instant. The Shanghai Stock Exchange's turnover this year was 34 trillion, and the Shenzhen Stock Exchange's 51 trillion. The combined turnover of the two cities was 85 trillion, less than half of the SGX market.
Tian Jiayi looked at the materials in his hand and continued: "The total market value of the three major A-share trading markets in 2019 was 122 trillion, and the per capita income of investors reached 170,000 yuan. 72% of investors in the SGX market achieved profits, and 18%
About 10% of investors maintained their capital, while about 10% lost money.”
The SGX market can make more than 70% of the investors profitable. A very critical point is the high entry threshold. Because of this, retail investors can only buy the SGX 50 ETF. As long as they don't play with this allocation,
With any ultra-short-term investment, it is difficult to lose money.
Because the NSE 50 index is still in a bull market, and has increased by more than 45 points for three consecutive years, it is really profitable to buy with your eyes closed, so much so that countless investors believe that the stock god Buffett is nothing more than this.
déjà vu.
At the end, Fang Hong smiled and nodded with satisfaction: "It's really good. The management of SGX is still very effective. The stock market is booming and most investors have made money. Now the size of the SGX market is also huge."
If you get up, then this year’s macroeconomic data will definitely not be bad. Have the internal statistics of Qunxing come out?”
After Tian Jiayi heard this, he immediately said: "What just came out today is that our internal estimate that the total national consumption in 2019 will exceed the 50 trillion yuan mark, a year-on-year increase of more than 19% compared to last year's 42 trillion yuan, consumption is the driving force
It has remained the first driving force for domestic economic growth for six consecutive years.”
Although this is the internal analysis data of Qunxing Group, it contains extremely high gold content and there is no data embellishment in it.
As stock investors, they used to "consume" in Big A. How can they still have money to spend in physical stores?
Now that I have made money in Big A, or to be precise, I have made money in the SGX market. With the wallet in my pocket bulging, I can buy a new computer, a new mobile phone, a new energy vehicle, etc.
The final reflection on the macro data is that this year's total national consumption has soared past 50 trillion, with a year-on-year growth of 19 percentage points. Both growth rates and absolute values are quite astonishing figures.
