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nginx/1.6.1Financial World Fund reported on August 31 that the GF High-end Manufacturing Stock-type initiated securities investment fund (abbreviated as: GF High-end Manufacturing Stock A, code 004997) announced its latest net value, down 1.50%. The unit net value of this fund is 3.0906 yuan, and the cumulative net value is 3.0906 yuan. The latest periodic report of
shows that the scale of this fund was 14.628 billion yuan, and the scale of the previous period was 1.826 billion yuan, an increase of 701.13%.
GF High-end Manufacturing Stock-Initiated Securities Investment Fund was established on 2017-09-01, and its performance benchmark is "CSI High-end Equipment Manufacturing Index *90.00% + CSI All-Debt Index *10.00%". Since its establishment, the fund has earned 209.03%, the year has earned -7.33%, the past month has earned -1.21%, the past year has earned -6.36%, and the past three years has earned 224.75%. In the past year, this fund has ranked the same category (210/1117). Since its establishment, this fund has ranked the same category (60/1411).
Financial World Fund Fixed Investment Ranking Data shows that the return of fixed investment in the fund in the past year was 2.32%, the return of fixed investment in the past two years was 9.45%, and the return of fixed investment in the past three years was 57.07%. (Click here to view the fixed investment ranking) The fund manager of
is Zheng Chengran. Since managing the fund on July 23, 2020, the return during his term of office is 47.45%. The latest regular report of
shows that the top ten heavily held stocks of the fund are Jingao Technology (holding ratio 11.20%), Jinlang Technology (holding ratio 10.79%), Trina Solar (holding ratio 10.28%), Sungrow Power (holding ratio 9.43%), Jerry Shares (holding ratio 9.29%), Chint Electric Appliances (holding ratio 8.27%), Rongsheng Petrochemical (holding ratio 8.10%), Follett (holding ratio 5.91%), Jinke Energy (holding ratio 4.39%), and Haiyou New Materials (holding ratio 4.13%), totaling 81.79% of the total assets of the funds, and the overall concentration of holdings is (high). During the previous reporting period of
, the top ten heavily held stocks of the fund were Jerry Co., Ltd. (holding ratio 9.93%), Trina Solar (holding ratio 9.70%), Sungrow Power (holding ratio 9.60%), Jingao Technology (holding ratio 9.38%), Chint Electric Appliances (holding ratio 9.26%), Rongsheng Petrochemical (holding ratio 7.79%), Tongkun Co., Ltd. (holding ratio 6.97%), Fulette (holding ratio 6.80%), Jinlang Technology (holding ratio 6.30%), and Zhonglai Co., Ltd. (holding ratio 4.31%), totaling 80.04% of the total assets of the funds, and the overall concentration of holdings (high).
Fund investment strategy and operation analysis during the reporting period
overall market showed a general decline in the first half of the year: among which the Shanghai Composite Index fell 6.63%; the ChiNext Index fell 15.41%; and the Shanghai and Shenzhen 300 fell 9.22%. The growth sector has fallen more than the value sector. Specifically, the computer, electronics, medicine and other sectors have fallen more, while the coal, agriculture and other sectors have performed better.
In the first half of 2022, we overall continued the key position allocation of the photovoltaic sector, optimized the position structure, and focused more on the middle and lower reaches of the photovoltaics. In other aspects, due to the sharp fluctuations in oil prices, we have appropriately reduced the allocation of the refining and oil service sectors and will take further operations after the oil prices stabilize.
The performance of the fund during the reporting period
During this reporting period, the net value growth rate of Class A fund shares of this fund was -11.60%, the net value growth rate of Class C fund shares was -11.77%, and the benchmark yield of the same period was -12.31%.
manager's brief outlook on the macro economy, securities market and industry trends
stands at the current time node to look forward to the future market: First, in terms of interest rates, the interest rate hike cycle of US stocks is expected to end next year, and overall liquidity remains relatively loose. Second, the price increase of upstream commodities compresses downstream and midstream profits. Looking back, we expect that the price increase of commodities may enter a process of decline from the second half of the year to next year, which is conducive to the release of midstream manufacturing and downstream demand. Looking at the third quarter to next year, we believe that growth stocks will face a relatively loose environment, that is, liquidity is relatively loose, and the downward turning point of upstream prices will bring about the recovery of profits of midstream and downstream companies, which is more suitable for growth stock investment.
I want to buy: GF High-end Manufacturing Stock A (004997)
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This article comes from the financial world fund
