Financial World Fund September 5th News Galaxy CSI Shanghai-Hong Kong-Shenzhen High Dividend Index C (LOF) Fund rose on September 4th, current price, transactions - 10,000 yuan. The current off-market net value of this fund is 0.9304 yuan, up 2.80% from the previous trading day, and the on-market price premium rate is --.
This fund is a listed tradable stock fund and index fund . Financial World Fund data shows that the net value of this fund has risen by 0.32% in the past 1 month, the net value of this fund has fallen by 0.63% in the past 3 months, the net value of this fund has fallen by 7.19% in the past 6 months, and the net value of this fund has fallen by 1.59% in the past 1 year. Since its establishment, the cumulative net value of this fund has been 0.9304 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 -9.49%.
Chen Bozhen has managed the fund on June 26, 2018, and his income during his tenure was -5.84%.
latest fund periodic report shows that the fund has heavy holdings in Shimao Real Estate ( holding ratio 2.21%), Yuzhou Real Estate (holding ratio 1.94%), Xuhui Holding Group (holding ratio 1.93%), R&F Real Estate (holding ratio 1.76%), Longfor Real Estate (holding ratio 1.75%), China Electric Power (holding ratio 1.66%), SOHO China (holding ratio 1.65%), Huaneng International Electric Power Co., Ltd. (holding ratio 1.54%), Country Garden Pacific Group (holding ratio 1.51%), and Sands China Co., Ltd. (holding ratio 1.43%).
During the reporting period, fund investment strategy and operation analysis
market performance in the first half of the year reversed compared with last year. All types of indexes in the market showed significant increases, among which the Shanghai and Shenzhen 300 index rose by 27.07%, the CSI 500 index rose by 18.77%, and the Hang Seng index rose by 10.43%. Although Hong Kong stock also rebounded significantly, its amplitude was smaller than A shares . The main reason was that the Hong Kong market decline last year was also smaller than A shares. This fund tracked the index of Shanghai, Hong Kong and Shenzhen high dividend performance now between Hong Kong and A shares in half a year. During the sharp rebound of the market, dividend and dividend strategies performed relatively weaker than the index. Daily operations strictly follow the weight of of the sample stock index, and minimize tracking errors as the control target.
As of the end of this reporting period, the net value of the fund shares of Galaxy High Dividend LOF was 0.9830 yuan, and the growth rate of the fund shares of this reporting period was 9.31%; as of the end of this reporting period, the net value of the fund shares of this reporting period was 0.9803 yuan, and the growth rate of the fund shares of this reporting period was 9.20%; the benchmark yield of the was 6.73% compared with the performance in the same period.
The manager's brief outlook on the trends of the macro economy, securities market and industry
The economic downturn logic in the first half of the year was constantly confirmed. In the second quarter, with the risks of the peripheral market, the risk preferences dropped sharply, and the market showed a certain adjustment. On the one hand, the market trend in the second half of the year is related to the trend of the trade war, and on the other hand, the downward pressure on the economy has increased. Whether it is the relaxation of overseas liquidity or the dominant domestic countercyclical adjustment, the market is expected to usher in opportunities before the economy bottoms out in the second half of the year. Structurally, liquidity easing + the theme-driven growth stocks of the Science and Technology Innovation Board drive the theme are dominant, and financial supply-side reforms enhance the background of direct financing, pay attention to opportunities for leading securities companies, and at the same time, foreign investment continues to support the performance of leading assets. The Hong Kong market's growth in the first half of the year was weaker than that of A-shares, and the AH premium index reached a historical high again. It is expected that the valuation gap will be repaired in the second half of the year, and the expected performance is better than that of the A-share market. (Click to see more fund changes)
