What impact does the epidemic have on the fund?
The impact of the epidemic on the fund is mainly reflected in the stocks held by the fund, so if the fund holds more stocks with positive epidemic, it will rise, and if it holds more stocks with negative epidemic, it will fall. Relevant data show that the impact of the epidemic in the first quarter on the profitability of non-financial industries is 20-30 percentage points, and the impact on the overall performance of the whole year may be around 5 percentage points. So according to this logic, the foundation in our hands has been adjusted to a certain extent.
Of course, the epidemic has a greater impact on the service and consumer industries, including transportation, hotels, tourism, media and retail. , but the impact on other manufacturing industries is relatively small, such as medicine, automobiles, science and technology hardware, electronics, light industry and so on. In addition, it should be noted that the epidemic may have a positive impact on online consumption, such as online education, videos and games.
In this regard, we can find that if our funds are concentrated on services and consumption, there may be some losses in the short term, but if our funds are concentrated on online consumption, the net value of funds will rise.