Financial World Fund September 1 News Galaxy CSI Shanghai-Hong Kong-Shenzhen High Dividend Index A (LOF) Fund rose 1.94% on August 31, with a current price of 0.979 yuan and a transaction of 11,300 yuan. The current off-market net value of this fund is 0.9808 yuan, down 1.10% from the previous trading day, and the on-market price premium rate is 1.75%.
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 has increased by 1.70% in the past January, the net value of this fund has increased by 12.79% in the past three months, the net value of this fund has increased by 4.02% in the past June, and the net value of this fund has increased by 7.50% in the past year. Since its establishment, the cumulative net value of this fund has been 0.9808 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.
fund manager is Lou Huafeng, who has managed the fund on April 10, 2018, and his income during his tenure is -1.92%.
Chen Bozhen has managed the fund on June 26, 2018, and has earned 1.98% during his term of office.
latest fund regular report shows that the fund has heavy holdings in Shuanghui Development (holding ratio 1.75%), Country Garden Group (holding ratio 1.55%), Xinyi Light Energy (holding ratio 1.54%), China Shenhua (holding ratio 1.52%), Longguang Group (holding ratio 1.50%), Hualian Holdings (holding ratio 1.50%), Country Garden Group (holding ratio 1.45%), Longmang Baili (holding ratio 1.44%), Qibin Group (holding ratio 1.35%), and Times China Holdings (holding ratio 1.34%).
Fund investment strategy and operation analysis during the reporting period
2020 market index differentiates greatly in the first half of 2020, and growth stocks represented by the GEM rose sharply, while the value index Shanghai and Shenzhen 300 index lags behind greatly, and the market momentum effect is obvious. The strength of this round of momentum factor is mainly due to the following two reasons: Investor structure: the proportion of institutions has increased significantly, and it is still in a state of rapid marginal increase; fundamental factors: the strong growth, medicine, and consumption have certain fundamental explanation factors, especially after the epidemic, investors are more pessimistic about the value sector. The Shanghai-Hong Kong-Shenzhen high dividend index mainly allocates high dividend value stocks, and the allocation ratio of Hong Kong stocks is relatively high. Affected by the performance of value stocks and Hong Kong stocks, the overall performance is relatively backward.
daily operations strictly follow the weight of the index sample stocks, and minimize tracking errors as the control target.
As of the end of this reporting period, the net value of Galaxy High Dividend LOF fund shares was 0.9070 yuan, and the growth rate of fund shares in this reporting period was -11.10%; as of the end of this reporting period, the net value of Galaxy High C fund shares was 0.9022 yuan, and the growth rate of fund shares in this reporting period was -11.21%; the benchmark yield of performance in the same period was -14.00%.
The manager’s brief outlook on the trends of the macro economy, securities market and industry
In the second half of the year, as the epidemic gradually controls, macroeconomic indicators will continue to rise. Historically, value stocks must perform significantly on the one hand and on the other hand, rely on fundamentals to drive. With the continuous improvement of the macro economy, it is expected that the market style will become more balanced in the second half of the year, with opportunities for growth and value. Historically, the possibility of value stocks having excess returns at the end of the year is relatively high.
