Newsletter summary
The rate of return of UBS Futures Fund has been nearly 30% since 2024.CrashteamracingandroidThe market is fifth. The price of Shanghai silver futures rose from about 4000 yuan / kg in July 2022 to an all-time high of 8733 yuan / kg in May 2024. Zhao Jian, a fund manager, said silver prices would be supported by expectations of a cut in US dollar interest rates and a rebound in global manufacturing. However, it is necessary to guard against the risk of pullback after the rapid rise, and investors are advised to operate rationally.
Text of news flash
[the price trend of silver has attracted the attention of investors, and the yield of the UBS Futures Fund in 2024 is close to 30%]
While the price of gold continues to rise, the price of silver is not to be outdone, showing a strong momentum of growth. Among the many public offering funds, products focused on "silver" are particularly scarce, and its China investment in UBS Silver Futures Fund has grown by nearly 30% since 2024.
[on social platforms, investors revealed the return on buying the UBS futures fund, with a short-term yield of double digits].
Screenshots of investors' earnings show that some investors have made a return of nearly 15% in just half a month since buying on May 6. Other investors returned 12% within a month and then chose to redeem.
The price of the main contract of Shanghai Bank Futures has risen sharply, with a cumulative increase of more than 30% since 2024.
Take the main contract of Shanghai silver futures as an example, since the rebound at the bottom of July 2022, the price has soared from about 4000 yuan per kilogram to about 6000 yuan at the end of 2023. After entering in 2024, the price broke through the 8000 yuan mark and reached an all-time high of 8733 yuan on May 21. Although there was an adjustment of about 5% on May 23, the cumulative increase so far this year has reached 31%.Crashteamracingandroid.85%.
[the investment strategy of the UBS Futures Fund is clear, and the growth rate of net worth of the fund is equal to the rate of return of the main contract of silver futures].
Since the beginning of the year, the cumulative net value of the fund has increased from 0.Crashteamracingandroid.76 yuan rebounded to 1.0241 yuan, and the cumulative return was 29.15% after adjustment on May 23. Among the public offering funds in the whole market, its yield ranks fifth in the industry.
Zhao Jian, a fund manager, pointed out that the environment for interest rate cuts in the US dollar is conducive to the performance of precious metals such as silver, and the market expects that the Federal Reserve may begin to cut interest rates in September this year, which may be conducive to silver prices to continue to rise.
CrashteamracingandroidHe also argued that the rebound in global manufacturing would increase demand for resource and industrial goods, and that there was room for a significant rise in commodity prices given the low level of capital expenditure in the upstream resource sector over the past few years.
[a large number of purchases and redemptions of the fund's shares in the first quarter may mean a change in the investor structure].
As of the end of 2023, institutional investors accounted for only 6.03 per cent, while individual investors held 93.97 per cent, according to the data. Among them, the largest holder among individual investors is Chen Chenggen, with a share of 12.9129 million.
It is important for investors to note that the risk level of UBS futures fund is medium to high risk, and the expected risk and return are higher than those of some other funds.
In terms of annual returns, the annual return of the fund showed a trend of five positive and three negative from 2016 to 2023.
[looking ahead, institutional analysts believe that a slowdown in US inflation may boost expectations of interest rate cuts, while gold and silver are still driven upwards, but investors are also warned of the risk of high earthquakes].
Shen Enxian, chief strategist at Galaxy Futures, advises investors to be rational and operate in accordance with technical laws to avoid excessive pursuit in the market.
Minsheng Securities believes that as the Federal Reserve gradually enters the interest rate cut cycle, the downward trend in interest rates is expected to boost precious metal prices, especially the industrial nature of silver, which is expected to enter a bull market.