Financial World Fund April 2nd News The Guotai Securities New Energy Vehicle (LOF) Fund rose 1.11% on April 1st, with a current price of 1.528 yuan and a transaction of 712,200 yuan. The current off-market net value of this fund is 1.5545 yuan, up 1.73% from the previous trading day, and the on-market price premium rate is -0.61%.
This fund is a listed tradable stock fund and index fund . Data from the Financial World Fund shows that the net value of this fund fell 7.77% in the past January, the net value of this fund fell 10.84% in the past three months, the net value of this fund rose 29.12% in the past June, and the net value of this fund rose 80.38% in the past year. Since its establishment, the cumulative net value of this fund has been 1.5545 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 Xie Dongxu, who has managed the fund on November 1, 2019, and has earned 105.26% during his term of office.
latest fund regular report shows that the fund has heavy holdings in Ningde Times ( holding ratio 5.47%), Yiwei Lithium Energy (holding ratio 5.42%), Ganfeng Lithium Industry (holding ratio 5.16%), Huayou Cobalt Industry (holding ratio 4.84%), BYD (holding ratio 4.51%), Huichuan Technology (holding ratio 4.48%), Tianci Materials (holding ratio 4.41%), Pioneer Intelligent (holding ratio 4.14%), SAIC Group (holding ratio 4.06%), and Changan Automobile (holding ratio 3.38%).
Fund investment strategy and operation analysis during the reporting period
In the first quarter, various assets in the global financial market fluctuated significantly, and the A-share market fluctuated significantly. At the beginning of the year, due to the positive policy expectations of the year of the close of a well-off society, the market continued the good trend in the fourth quarter of last year, especially the performance of sectors including semiconductors, communications, computers, and new energy vehicles driven by Tesla's strong performance continued to strengthen; in late January, affected by the rumors of new crown pneumonia in Wuhan, the market began to fluctuate and weaken, especially on the first day after the Spring Festival, due to the continued sharp impact of the domestic epidemic, individual stocks in Shanghai and Shenzhen fell to the limit on the spot on a large scale, and strict prevention and control measures were decisively taken at home, and the epidemic was gradually With the continued hot issuance of new funds, technology stocks led A-shares to a wave of rapid rise; with the gradual spread of the epidemic overseas and the weak overseas prevention and control measures, the global financial market suffered a sharp impact, and all types of assets fell sharply. European and American stock markets repeatedly circuit breakers within a week, and the A-share market could not be immune to it. Northbound funds continued to flow out significantly in the short term. The Shanghai Composite Index fell to 2646 points at the lowest. Strong sectors such as semiconductors, communications, computers, and new energy vehicles, which had a too fast increase in the previous period, fell sharply.
In the second quarter, due to the reform of GEM and piloting the registration system , the continued spread of the new crown pneumonia epidemic abroad, the A-share market has been structurally in a variety of situations. Affected by the reform of the GEM and the pilot registration system, the GEM index continued to strengthen, with an increase of more than 30% in the second quarter; benefiting from the progress of the research and development of the new crown pneumonia vaccine, including raw materials and vaccine listed companies, the pharmaceutical and biological industry rose by nearly 30% in the quarter, and the CSI Biopharma Index rose by more than 40%. In terms of technology, driven by the expectation of Apple's new model launch and the upcoming listing of SMIC's Science and Technology Innovation Board , the China Semiconductor Chip Index also rose by more than 30% in the quarter. The promotion of a series of reform measures in Hainan Free Trade Port has led to a significant strengthening of tax exemption-related concepts. As the end of the quarter approaches, the Shanghai Composite Index compilation plan is revised and the Science and Technology Innovation Board 50 Index is about to be launched, driving the market risk appetite to gradually increase.
Capital market reforms such as the reform of the registration system of the GEM in the third quarter, the first anniversary of the launch of the Science and Technology Innovation Board, the official launch of the 50 Index of the Science and Technology Innovation Board continued to advance, and the market risk preference increased significantly. The A-share market continued to rise from the end of the second quarter to mid-July, and hit a new high this year. Later, due to the continued spread of the new crown pneumonia epidemic, the US election and the U.S. limit suppression of Huawei has caused concerns about lower than expected 5G construction. The semiconductor and communication sectors including 5G and consumer electronics continued to pull back, and the A-share market fluctuated in the range of 3200 to 3400. Affected by geopolitics, the military's actual combat training has been strengthened, and the military industry has performed outstandingly with the factors of making up for the rise.Stimulated by Hainan's offshore tax exemption policy, the tax exemption theme continues to strengthen. In the full quarter, the Shanghai Composite Index rose 7.82%, the representation index of large-cap blue-chip stocks such as , the Shanghai Composite Index 50 rose 9.87%, the Shanghai and Shenzhen 300 Index rose 10.17%, the growth-oriented small and medium-cap stock index of growth-oriented small and medium-sized stocks rose 5.59%, the SME Index, which accounts for a relatively large proportion of technology stocks in the sector, rose 8.19%, and the ChiNext Index rose 5.6%.
The fourth quarter is approaching the end of the year. At the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China's proposal on the 14th Five-Year Plan and the 2035 long-term goals, it pointed out the direction of my country's economic development in the medium and long term for the capital market. It is expected that the signing of the China-EU investment agreement will continue to strengthen, including the continued strengthening of the new energy vehicle and photovoltaic sectors; with the positive expectations that domestic and foreign vaccines have been registered one after another, the sectors damaged by the epidemic have been repaired; as the end of the year approaches, the market's expectations for the exit of monetary easing policies have been gradually revised, and the A-share market fluctuates upward. Structurally differentiated, the energy revolution themes including new energy vehicles and photovoltaics, as well as non-ferrous metals and chemicals, performed strongly, benefiting from the strong recovery of the domestic economy, concerns about bank concessions eased, and banks have emerged in a wave of valuation repair market. Against the backdrop of the emergence of popular equity funds, consumer sectors including liquor and home appliances have set new highs. In the field of technology, the Trump administration has weakened overall due to the unlimited limits of some Chinese companies.
is a passive fund that completely tracks the underlying index. This fund avoids unnecessary active operations, reduces transaction impact costs, and ensures that the fund portfolio and index weight are basically consistent through refined management.
Guotai Securities New Energy Vehicle Index Securities Investment Fund (LOF)'s net value growth rate in 2020 was 92.47%, and the benchmark for performance in the same period was 84.20%.
The manager’s brief outlook on the trends of the macro economy, securities market and industry
2021 is the beginning of the 14th Five-Year Plan. Although vaccines have been approved one after another, there is great uncertainty around the world in the new crown epidemic. It is expected that the monetary environment will remain reasonably loose in the first quarter; with the new US government coming to power, Sino-US relations are expected to be eased to a certain extent.
Overall, we remain optimistic about the first quarter market. Structurally, we recommend focusing on military industry with high prosperity in the industry; new energy vehicles, photovoltaics, and wind power that benefit from the China-EU Investment Agreement on carbon peak and carbon neutrality goals. In terms of technology, it is recommended to pay attention to semiconductor chips, communications, computers and other sectors with large adjustment range and space.
Stimulated by Hainan's offshore tax exemption policy, the tax exemption theme continues to strengthen. In the full quarter, the Shanghai Composite Index rose 7.82%, the representation index of large-cap blue-chip stocks such as , the Shanghai Composite Index 50 rose 9.87%, the Shanghai and Shenzhen 300 Index rose 10.17%, the growth-oriented small and medium-cap stock index of growth-oriented small and medium-sized stocks rose 5.59%, the SME Index, which accounts for a relatively large proportion of technology stocks in the sector, rose 8.19%, and the ChiNext Index rose 5.6%.The fourth quarter is approaching the end of the year. At the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China's proposal on the 14th Five-Year Plan and the 2035 long-term goals, it pointed out the direction of my country's economic development in the medium and long term for the capital market. It is expected that the signing of the China-EU investment agreement will continue to strengthen, including the continued strengthening of the new energy vehicle and photovoltaic sectors; with the positive expectations that domestic and foreign vaccines have been registered one after another, the sectors damaged by the epidemic have been repaired; as the end of the year approaches, the market's expectations for the exit of monetary easing policies have been gradually revised, and the A-share market fluctuates upward. Structurally differentiated, the energy revolution themes including new energy vehicles and photovoltaics, as well as non-ferrous metals and chemicals, performed strongly, benefiting from the strong recovery of the domestic economy, concerns about bank concessions eased, and banks have emerged in a wave of valuation repair market. Against the backdrop of the emergence of popular equity funds, consumer sectors including liquor and home appliances have set new highs. In the field of technology, the Trump administration has weakened overall due to the unlimited limits of some Chinese companies.
is a passive fund that completely tracks the underlying index. This fund avoids unnecessary active operations, reduces transaction impact costs, and ensures that the fund portfolio and index weight are basically consistent through refined management.
Guotai Securities New Energy Vehicle Index Securities Investment Fund (LOF)'s net value growth rate in 2020 was 92.47%, and the benchmark for performance in the same period was 84.20%.
The manager’s brief outlook on the trends of the macro economy, securities market and industry
2021 is the beginning of the 14th Five-Year Plan. Although vaccines have been approved one after another, there is great uncertainty around the world in the new crown epidemic. It is expected that the monetary environment will remain reasonably loose in the first quarter; with the new US government coming to power, Sino-US relations are expected to be eased to a certain extent.
Overall, we remain optimistic about the first quarter market. Structurally, we recommend focusing on military industry with high prosperity in the industry; new energy vehicles, photovoltaics, and wind power that benefit from the China-EU Investment Agreement on carbon peak and carbon neutrality goals. In terms of technology, it is recommended to pay attention to semiconductor chips, communications, computers and other sectors with large adjustment range and space.
