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nginx/1.6.1Financial World Fund September 3 News Bank of Communications Schroder Dividend Optimization Mixed Securities Investment Fund (abbreviated as: Bank of Communications Dividend Optimization Mixed, code 004868) rose 1.60% on August 31, attracting investors' attention. The current net value of the fund unit is 2.6188 yuan, and the cumulative net value is 2.6188 yuan.
Bank of Communications Dividend Optimization Mixed Fund has earned 161.85% since its establishment, earnings of -9.07% this year, earnings of 1.01% in the past month, earnings of 0.90% in the past year, and earnings of 104.26% in the past three years.
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 Han Weijun. Since managing the fund on August 25, 2017, he has earned 157.73% during his tenure. The latest fund regular report of
shows that the fund has a heavy holding in Kweichow Moutai (8.94% of the holding), Yanghe Shares (8.93% of the holding), Qingdao Beer (8.66% of the holding), Wuliangye (5.97% of the holding), Luzhou Laojiao (5.94% of the holding), Tongcheng Beijian (5.80% of the holding), WuXi AppTec (5.13% of the holding), Jinyu Medical (4.98% of the holding), Aier Eye Hospital (4.19% of the holding), Kanglong Chemical (3.66% of the holding).
Analysis of fund investment strategies and operations during the reporting period
Review in the first half of 2022, the impact of the epidemic in the second quarter on the entire macroeconomic and consumption was relatively obvious. We expect that the most difficult stage of the consumer industry as a whole has passed due to the impact of the epidemic and will enter a weak recovery stage in the future. The driving factors of overall consumption come from consumption capacity, marginal consumption tendencies and consumption scenarios.
The industry and stocks we hold overall in the first half of the year did not change much, but we moderately adjusted the holding structure. (1) For traditional consumer industries, if they enter a weak recovery stage in the future, the differentiation within the industry and sectors will be more obvious. We first need to predict the future performance trends of all traditional consumer companies and the changes in profit forecasts for next year, so as to remove weak and retain strong. We choose to continue to hold companies that were not affected by the epidemic in the second quarter and will have a relatively obvious recovery in the third quarter, and may not have a downward profit forecast for 2022 and 2023. At the same time, we moderately reduced our holdings to companies that were affected by the epidemic in the second quarter and were difficult to recover to the previous growth rate and uncertain profit forecasts in 2023. (2) For emerging consumer industries, due to the impact of the epidemic, the performance in the second quarter was significantly lowered and the valuation also significantly lowered. However, the penetration rate of some emerging consumer sub-industry or leading companies is still increasing. There is a relatively obvious recovery in the third quarter, and valuation switching is expected to be the first in the fourth quarter. We have slightly increased our holdings in some emerging consumer leading companies at the appropriate valuation level.
The performance of the fund during the reporting period
The net value and performance of this fund (various types) are disclosed in the "3.1 Main Accounting Data and Financial Indicators" and "3.2.1 Comparison of the net value growth rate of fund shares and its benchmark yield with the same period's performance comparison".
A brief outlook on the trends of the macro economy, securities market and industry
