In fact, the scope of manufacturing is very wide. The entire secondary industry can be regarded as manufacturing, and almost all stock funds will hold large-scale stocks in manufacturing, so investment in manufacturing can be everywhere. The impact of manufacturing is everywhere in our lives. Computers, home appliances, automobiles, mobile phones, etc. are all products of manufacturing. Therefore, there is manufacturing everywhere in life, and life is inseparable from manufacturing everywhere. So how should we invest in manufacturing with such a wide coverage?
High-end manufacturing industry is easier to obtain excess returns
Domestic manufacturing industry is divided into three categories: one is the light textile industry, including food, beverage, tobacco processing, clothing, textile, leather, wood processing, furniture, printing, etc.; the other is the resource processing industry, including petrochemical, chemical fiber, pharmaceutical manufacturing, rubber, plastic, ferrous metal, etc.; the other is the machinery and electronic manufacturing industry, including machine tools, special equipment, transportation tools, mechanical equipment, electronic communication equipment, instruments, etc.
What we call high-end manufacturing actually emphasizes those industries with strong technology intensiveness, such as chemicals, medicines, machinery, electronics manufacturing, etc., which all belong to high-end manufacturing. High-end manufacturing industries are generally technology-intensive and have certain technical barriers. As long as this technology has not been conquered, then the entire market will be dominated by one. The result of one's dominance is to have pricing power. Extremely high pricing power can achieve ultra-high gross profit margins and excess profits. Therefore, investing in high-end manufacturing is an important direction for future investment.
Analysis of the investment potential of GF High-end Manufacturing Stocks (F004997)
GF High-end Manufacturing Stocks (F004997) currently has a scale of 13.953 billion yuan, and it is another 10 billion yuan fund. The fund manager is Zheng Chengran. Established on 2017-09-01, the cumulative returns since its establishment are as high as 153.26%, which is also a fund with high returns. After all, it has been established for less than 5 years, with an annualized rate of return of 20.42%, which is also a super high return combination.
1. The peak period after the fund was established was 2020
Through the chart, we can see that the highest annual return since the fund was established occurred in 2020. The increase of was as high as 133.83%, while the average of similar products was 38.7%, which exceeded the same products by nearly 100%. At the same time, the increase in 2019 was also very obvious, with an increase of 65.13%. Of course, performance has begun to decline significantly since this year. Since the beginning of this year, -24.05%. This decline not only reduced the increase of last year, but also fell part of the increase in 2020.
2. The fund mainly invests in Advanced Manufacturing
It can be found that among the top 10 holdings, they are all representatives of advanced manufacturing. For example, Jerry Co., Ltd. is the leader in private oil service, Tianhe Solar Energy is the leader in photovoltaic chip, etc., covering oil service, photovoltaic power generation, petrochemical, etc. These companies are representatives of advanced manufacturing-related industries.
3. What is the latest investment strategy of this fund?
In fact, it can be found from the 10 major holdings that the fund mainly holds new energy sector . This year, track stocks and other companies have been affected by many reasons, resulting in an overall decline. Zheng Chengran also explained the reasons, namely:
, but Zheng Chengran himself also gave a good explanation of the new energy sector, that is, the short, medium and long-term new energy sector have clear growth paths, and high-quality companies are expected to continue to perform beyond expectations, and will perform well when they are implemented in the stock price. We will still choose to continue to explore the subdivision directions with high certainty and cost-effectiveness in a good track and stocks . Therefore, the fund's investment strategy this year is still mainly focused on the growth-oriented high-end new energy manufacturing industry.
In fact, the new energy industry is a technological revolution in the future
In fact, many people may not have realized that new energy has become a technological revolution. The new energy revolution is the lifeblood of petrochemical fuels. The new energy industry chain is actually very extensive, and the carbon peak of and the widespread promotion of new energy vehicles are the main driving forces of the new energy revolution.In the future, reducing the use of petrochemical fuels, such as crude oil and coal, will turn alternative fuels into electricity. This is actually an energy revolution. Therefore, the high-end manufacturing industry of new energy will continue to benefit for a long time in the future. Then new energy vehicles, new energy power generation , etc. will be a long-term beneficiary industry.
