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nginx/1.6.1Financial World Fund reported on August 31 that Zhongrong High Dividend Selected Mixed Securities Investment Fund (abbreviated as: Zhongrong High Dividend Mixed C, code 006124) fell by 2.26% on August 30, attracting investors' attention. The current net value of the fund unit is 1.4333 yuan, and the cumulative net value is 1.4953 yuan.
Zhongrong High Dividend Mixed Fund has earned 50.66% since its establishment, with a return of -22.33% this year, a return of 0.34% in the past month, and a return of -33.55% in the past year.
Zhongrong Gao Dividend Mixed Fund has distributed dividends once since its establishment, with a cumulative dividend amount of 0.2 million yuan. The fund is currently open for subscription. The fund manager of
is Luo Jian, who has managed the fund on December 7, 2020, and has earned 7.10% during his term of office.
Xiong Jian has managed the fund since January 13, 2022, and his income during his tenure is -11.56%. The latest fund periodic report of
shows that the fund has heavy holdings in Mingtai Aluminum (holding ratio 8.05%), Guanghui Energy (holding ratio 5.75%), Shanmei International (holding ratio 5.57%), Yanzhou Coal Energy (holding ratio 4.71%), Poly Development (holding ratio 3.52%), Honglu Steel Structure (holding ratio 3.50%), Shaanxi Coal Industry (holding ratio 3.38%), Jiemei Technology (holding ratio 3.22%), Country Garden Service (holding ratio 2.92%), and Gaote Shares (holding ratio 2.91%).
Fund investment strategy and operation analysis during the reporting period
market fluctuated greatly in the first half of the year. In late March, countercyclical policies were implemented lower than expected. In April, under the influence of Shanghai epidemic control, the market concentrated on responding to concerns about economic downturns showed a unilateral decline, and all sectors experienced a large decline; in May, the market realized that the demand logic of some growth industries had not been destroyed, and some sub-industry such as photovoltaics and energy storage continued to increase in the context of a sharp rise in overseas energy prices. Against the backdrop of a sharp rise in overseas energy prices, the market realized that the demand logic of some growth industries had not been destroyed. Some sub-industry such as photovoltaics and energy storage continued to improve under the background of a sharp rise in overseas energy prices. After the release of pessimistic expectations, the high-prosperity industry began to rebound continuously; from May to June, policies on both supply and demand related to automobiles continued to be introduced, promoting the recovery of automobile supply chains and demand continued to improve. Automobile sales increased in June, bringing a rapid rebound in automobile-related sectors. New technologies in automobiles and links with logic to improve penetration, such as integrated die-casting, air suspension, etc., have obvious ALPHA; other sectors have uncertainties in demand under the background of economic pressure, so the overall performance is significantly weaker than that of new energy-related sectors.
's second-quarter products were appropriately equipped with growth sectors such as automobiles, photovoltaics, and wind power while maintaining a high dividend style, but the overall rebound range was limited due to the traditional style of high dividend-related stocks.
The performance of the fund during the reporting period
As of the end of the reporting period, the net value of the fund shares of Zhongrong High Dividend Mixed A was RMB 1.5604. During the reporting period, the growth rate of the net value of this type of fund shares was -17.70%, and the benchmark yield of the same period was -0.35%. As of the end of the reporting period, the net value of the fund shares of Zhongrong High Dividend Mixed C was RMB 1.5127. During the reporting period, the growth rate of the net value of this type of fund shares was -18.02%, and the benchmark yield of the same period was -0.35%.
manager brief outlook on the macro economy, securities market and industry trends
After the Politburo meeting set the tone in the third quarter, the market's expectations for countercyclical policy declined significantly, and will focus more on finding sectors with high prosperity. In the future, bottom-up research will be increased to find companies with reasonable valuations and certainty in the prosperity; the decline in coal prices in the peak season will have a great impact on sentiment in the short term, but considering the possibility that global energy supply and demand imbalances in the heating season in the fourth quarter, we will choose individual stocks that benefit from the high level of overseas energy prices; at the same time, we will follow the policy direction, and there is still a lot of room for policies to stabilize the economy against the countercyclical period and the need for introduction. The institutional holdings of relevant sectors are at a historical low. If the policy direction changes substantially, it may increase the layout of relevant sectors. (Click to see more fund changes)
