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nginx/1.6.1Financial World Fund September 1st News E Fund S&P 500 Index C (USD exchange share) Fund rose on August 30th, current price--, transaction--10,000 yuan. The current off-market net value of this fund is 0.2490 yuan, down 1.03% from the previous trading day, and the on-market price premium rate is --.
This fund is a listed tradable QDII fund, stock fund, and index fund. Data from the Financial World Fund shows that the net value of this fund fell by 3.30% in the past January, the net value of this fund fell by 3.94% in the past three months, the net value of this fund fell by 8.35% in the past June, and the net value of this fund fell by 11.42% in the past year. Since its establishment, the cumulative net value of this fund has been 0.2490 yuan.
This fund has distributed dividends 0 times since its establishment, with a cumulative dividend amount of RMB 100 million. The fund is currently open for subscription. The fund manager of
is Fan Bing, who has managed the fund on July 19, 2021, and his income during his tenure is -6.26%. The latest fund periodic report of
shows that the fund has a heavy holding in Apple (5.99%), Microsoft (5.48%), Amazon (2.65%), Google-A (1.87%), Google-C (1.72%), Tesla (1.61%), Berkshire Hathaway B (1.41%), United Health (1.37%), Johnson & Johnson (1.33%), and Nvidia (1.08%).
Fund investment strategy and operation analysis during the reporting period
This fund tracks the S&P 500 index, which is compiled by the S&P Dow Jones Index and is a representative index of the stock performance of large-cap blue chip companies in the United States. The S&P 500 index selects the 500 companies with the largest total market value from the US companies listed on the US exchange, and gives the index weight based on the circulating market value, and adjusts it regularly every quarter. During the reporting period, this fund mainly used the complete replication method to invest, that is, mainly constructing a stock investment portfolio according to the composition of the constituent stocks of the underlying index and their weights, and making corresponding adjustments based on the composition of the constituent stocks of the index and their weights.
In the first half of 2022, the continued geopolitical risks in Europe led to supply chain challenges for key commodities, crude oil prices were running at high levels, labor costs in the United States rose, and inflation remained high. The prosperity of the US economy has fallen from last year's high, and the support for fiscal policy has weakened marginally. Against this background, the Federal Reserve has accelerated the pace of currency tightening, launched the interest rate hike process at the March interest rate meeting, raised interest rates by 50 basis points at the May interest rate meeting, raised interest rates by 75 basis points again at the June interest rate meeting, and started the balance sheet reduction. The rising inflation level and tightening financial conditions have had an impact on demand, the slowdown in US economic growth and corporate profit growth has triggered investors' concerns about the risk of US economic recession, the risk aversion sentiment in the financial market has increased, suppressing the valuation of US stocks and market risk preferences, and the overall US stock market fluctuates and falls. The S&P 500 index declined significantly during the reporting period.
This reporting period is the normal operation period of this fund. During the investment operation process, this fund strictly abides by the fund contract, adheres to the established index investment strategy, and uses index replication and quantitative technology to reduce impact costs and tracking errors during index weight adjustment and fund redemption changes, and strives to minimize tracking errors.
Performance of the fund during the reporting period
As of the end of the reporting period, the net value of Class A funds of this fund was 1.5974 yuan, the growth rate of the net value of the shares of this fund was -15.30%, and the benchmark yield of the performance during the same period was -15.58%; the net value of Class C funds was 1.5924 yuan, the growth rate of the shares of this fund was -15.50%, the benchmark yield of the performance during the same period was -15.58%, and the annualized tracking error was 0.56%. All indicators are within the target control range stipulated in the contract.
managers' brief outlook on the trends of the macro economy, securities market and industry
outlook In the second half of 2022, the US economic growth expectation will decline, and inflation pressure may not fall rapidly. The Federal Reserve is still in the stage of accelerating the tightening of monetary policy. The tightening of macro-financial conditions may continue to suppress the valuation level of US stocks and aggravate the fluctuations of stock prices. In the short term, we need to pay attention to signs of the Federal Reserve's monetary policy stabilization and shift. In the medium and long term, it is necessary to pay attention to whether the profit and profit margin levels of US listed companies can meet market expectations in the environment of risk of economic recession and high inflation levels.
