Financial World Fund April 28th News Zhejiang Merchants Hong Kong Stock Connect China Trading Service Expected High Dividend Index Enhanced Securities Investment Fund (hereinafter referred to as: Zhejiang Merchants China Expected High Dividend Index Enhanced C, code 007216) announced its latest net value, up 1.63%. The unit net value of this fund is 0.8853 yuan, and the cumulative net value is 0.8853 yuan.
Zhejiang Merchants Hong Kong Stock Connect China Trading Service Expected High Dividend Index Enhanced Securities Investment Fund was established on 2019-10-30, and its performance benchmark is "China Trading Service Expected High Dividend Index (RMB) * 95.00% + Bank Current Deposits * 5.00%". Since its establishment, the fund has earned -11.47%, the year has earned -16.47%, the past month has earned 4.21%, the past year has earned - and the past three years has earned -. In the past year, this fund has ranked the same category (--/727). Since its establishment, this fund has ranked the same category (750/858).
Financial World Fund Fixed Investment Ranking Data shows that the returns of fixed investment in the past year are -, the returns of fixed investment in the past two years are -, the returns of fixed investment in the past three years are -, and the returns of fixed investment in the past five years are -. (Click here to view the fixed investment ranking)
fund manager is Cha Xiaolei, who has managed the fund on October 30, 2019, and his income during his tenure is -11.47%.
Liu Hongda has managed the fund on October 30, 2019, and his income during his tenure was -11.47%.
Wang Jian has managed the fund on October 30, 2019, and his income during his tenure is -11.47%.
latest regular report shows that the top ten heavily held stocks of the fund are R&F Real Estate ( holding proportion 4.74%), Country Garden Group (holding ratio 3.56%), Yuzhou Real Estate (holding ratio 3.21%), Tianneng Power (holding ratio 2.88%), China Longgong (holding ratio 2.74%), Haitong International (holding ratio 2.73%), Longfeng Real Estate (holding ratio 2.64%), Country Garden Group (holding ratio 2.60%), Yanzhou Coal Mining Co., Ltd. (holding ratio 2.55%), Zhongjun Group Holdings (holding ratio 2.50% share) ), the total proportion of the total assets of the capital is 30.15%, and the overall concentration of holdings is (low).
During the previous reporting period of the latest reporting period, the top ten heavily held stocks of the fund were R&F Real Estate (holding ratio 4.43%), Yuzhou Real Estate (holding ratio 3.30%), Ocean Group (holding ratio 3.28%), Country Garden Group (holding ratio 3.01%), Country Garden Group (holding ratio 2.97%), Hutai Textile (holding ratio 2.88%), Zhengtong Automobile (holding ratio 2.84%), Zhongjun Group Holdings (holding ratio 2.74%), China Aoyuan (holding ratio 2.59%), and Haitong International (holding ratio 2.48%), totaling 30.52% of the total assets of the funds, and the overall concentration of holdings (low).
Fund investment strategy and operation analysis during the reporting period
This fund operates in accordance with the high dividend index enhancement strategy expected by Zhejiang Merchants. Through investment constraints and quantitative control, in accordance with the requirements of the fund contract, this fund uses quantitative analysis and other technologies to analyze and respond to the factors leading to fund tracking errors, actively respond to drastic changes in the market, and strive to control the fund tracking errors to a low level, realize the enhancement strategy, and achieve the investment purpose of generating relative benchmark excess returns. During the reporting period, certain enhancement effects were achieved.
For the market, the overall valuation level of the Hong Kong stock market is medium and low, and the long-term relative attractiveness of stocks is still better than that of bonds, which is the main factor determining the center of stock allocation. Therefore, the position level of stock allocation does not tend to be too low. Judging from the structure of market recovery, the importance of value and fundamental factors continues to increase, and the dividend yield will become more valuable than the ever-decreasing bond yields. Therefore, next, the structural adjustment of the portfolio will be tilted towards lower valuations, pay attention to dividend yields, and significantly reduce the weight for industries and companies with overvalued valuations.
As of the end of this reporting period, Zhejiang Merchants China expects high dividend A fund shares net value was 0.8649 yuan, and the net value growth rate of fund shares in this reporting period was -18.43%; as of the end of this reporting period, Zhejiang Merchants China expects high dividend C fund shares net value was 0.8637 yuan, and the net value growth rate of fund shares in this reporting period was -18.50%; the benchmark yield of performance in the same period was -20.35%.
