-01-
"Fund News"
▷▷Star fund manager Qiu Dongrong has renewed purchase restrictions
Today, the two funds managed by star fund manager Qiu Dongrong have started purchase restrictions on June 30. Among them, Zhonggeng Value Leader Mixed Fund has a purchase limit of 1 Ten thousand yuan, Zhonggeng Value Quality Holding Period Mixed Fund has a purchase limit of 100,000 yuan .
(Picture source: Zhonggeng Fund Announcement)
Comment:
Qiu Dongrong’s purchase restriction this time is more because he is not optimistic about the trend of the funds he manages in the future, and it is a warm reminder to the Christians who believe in him to avoid being blind. Chasing the rise and suffering losses .
The market has been too hot recently. The daily trading volume of over one trillion has made investors in the market very excited. Coupled with the influence of the "short-term mentality", some investors have begun to shout "4000 points". "5000 points" bull market talk, but from our economic development or overseas interest rate hikes and turmoil, the internal and external environment is not enough to support the so-called "bull market."
If the rise at the end of April is "oversold rebound", the rise at the end of May is "good policies", and the rise in June is "A shares have become a safe haven for foreign investment", then what else is there in July? This has to make us think deeply. Fund manager Qiu Dongrong hopes that his investors can calm down, see the overall environment clearly, avoid blindly chasing the rise, and guard their own money bags.
(Picture source: Jingchuan Duoying Stock)
Since Qiu Dongrong’s fund manager has such a strong sense of responsibility, let’s take a deeper look at his past and see if this star fund manager is worthy of our trust.
-02-
"Manager Research and Selection"
Mr. Qiu Dongrong, with 8 years of fund manager management experience, has gone through the complete bull and bear market, is good at switching investment styles according to market changes, and serves the fundamentals with his unique character charm. It is said that he is a fund manager with excellent ability and character .
(Picture source: Jingchuan Duoying Stock)
▏High return on employment
Qiu Dongrong has managed a total of 6 funds, and these funds, without exception, have all created excess investment returns for the investors who hold him, including profits. There are 5 funds with a return of more than 100%. Only one "Zhonggeng Value Quality One-year Holding Period Mixed" fund has been established for a short time and the market market is not good. It can still reach this level in more than a year. The return on employment of 60.51%, especially the performance from the beginning of this year to the end of June, is even more jaw-dropping, ranking third among the 1,619 hybrid funds in the market.
Compare the hybrid star fund managers of the same period, such as Zhang Kun, Xie Zhiyu, Zhu Shaoxing. These fund managers who performed well before are now far behind Qiu Dongrong. From this point of view, Qiu Dongrong's ability to create excess profitability is indeed very strong.
▏Good at industry style switching
Qiu Dongrong is very good at combining the macro environment at that time and using industry style switching to resist risks and create excess returns. The following takes the "Zhonggeng Value Quality One-year Holding Period Hybrid Fund" managed by Qiu Dongrong as an example.
In the second quarter of 2021, under the influence of global floods and the epidemic, we saw the price increase of the commodity and heavily invested in the coal chemical sector, and the coal chemical sector "took off"; at the end of 2021, we saw global interest rate hikes and overseas turmoil After the general environment, he adjusted his position into the banking sector to resist market risks; in the first quarter of 2022, he saw that the fundamentals of Hong Kong stocks and Internet had improved, and he decisively adjusted his position again into the Internet, and the Internet rebounded as he expected and obtained excess returns.
▏Noble character and spirit
Qiu Dongrong, the fund manager, frequently reminded him of the market risks and investment opportunities of his "fundamental people" this year. Let’s take the “Zhonggeng Value Pilot Hybrid Fund” managed by Qiu Dongrong as an example.
(Picture source: Jingchuan Duoying Stock)
Fund manager Qiu Dongrong can be said to have sent one "wealth blessing bag" after another to his fellow citizens this year.
"relaxed purchase restrictions to 1 million yuan" on January 28. The market ushered in a short rebound after a two-month plunge. Shanghai Composite Index rebounded by 3.84%;
"restricted purchases on February 22 to 10,000 yuan", the market ushered in a "stock market crash", and the Shanghai Composite Index fell by more than -14%;
"completely relaxed purchase restrictions" on May 5, and the market subsequently ushered in a "super rebound", with the Shanghai Composite Index rising by more than 13.58 %;
Since fund managers cannot directly inform investors through large-scale speeches, the best way is to "purchase limit reminders". We can know from the "purchase restriction reminders" frequently issued by Qiu Dongrong this year that this fund manager "loves" his fellow citizens very much and regards the interests of the fellow citizens as his own interests. He can obviously "hang up and ignore the concerns of others." , but he spent a lot of time trying to find ways to protect his fellow citizens.
is completely different from a certain female fund manager. When the fund rose to a high level, she cashed out and left, leaving behind a group of confused Christians who were stuck. Qiu Dongrong's character and spirit are quite rare.
Now that Qiu Dongrong has limited the purchase to 10,000 yuan again on June 30, what will happen to the fund he manages in the future, and what should we investors do?
-03-
"Methods and Strategies"
Let's first use the five forces model to understand the capabilities of Qiu Dongrong's fund manager:
(Picture source: Jingchuan Duoying Stock)
We can find that Qiu Dongrong's overall average score is 78.39 (passing score (60 points). From a hybrid fund manager, this score is quite high, because he does not bet on a single industry and relies more on his own personal ability. In the most important excess ability and anti-fall ability, both exceeded 80 points, which means that Qiu Dongrong can not only fight, but also resist. The timing ability has made up for the final shortcoming through his precise "purchase limit reminder". Therefore, in terms of various abilities, Qiu Dongrong is a very good fund manager.
Finally, we ordinary investors must fully understand the fund manager when choosing a fund. For such a powerful fund manager, his "purchase restriction order" has actually reminded us that we must do it before June 30. Preparations for a "big adjustment", today's deep adjustment in A-shares is an example, may have just begun. Investors who already hold
can continue to hold it, because its ability to adjust positions is still very strong. Investors who are still on the sidelines can continue to wait and see. If they really like it, it is better to be prepared for fixed investment first, and then it will be handed over in time. Just leave it to Qiu Dongrong.
