Financial World Fund May 14th News Huitianfu China High-end Manufacturing Stock Securities Investment Fund (referred to as: Huitianfu High-end Manufacturing Stock, code 001725) announced its latest net value, up 1.62%. The unit net value of this fund is 1.569 yuan, and the cumulative net value is 1.569 yuan.
Huitianfu China High-end Manufacturing Stock Securities Investment Fund was established on 2017-03-20, and its performance benchmark is "Shenyin Wanguo Manufacturing Index *80.00% + China Bond-Comprehensive Index *20.00%". Since its establishment, the fund has earned 56.90%, the year has earned 7.69%, the past month has earned 11.59%, the past year has earned 21.44%, and the past three years has earned 53.22%. In the past year, this fund has ranked the same category (364/730). Since its establishment, this fund has ranked the same category (209/864).
Financial World Fund Fixed Investment Ranking Data shows that the return of fixed investment in the fund in the past year was 12.74%, the return of fixed investment in the past two years was 20.03%, the return of fixed investment in the past three years was 22.27%, and the return of fixed investment in the past five years was --. (Click here to view the fixed investment ranking)
fund manager is Zhao Pengfei, who has managed the fund on March 20, 2017, and has earned 56.90% during his term of office. The latest regular report of
shows that the top ten heavily held stocks of the fund are Meinian Health ( holding proportion 8.40%), Ningbo Bank (holding ratio 8.04%), Antarctic E-commerce (holding ratio 6.87%), Kweichow Moutai (holding ratio 5.42%), Zhongju Hi-Tech (holding ratio 5.33%), Kangtai Bio (holding ratio 5.13%), China Merchants Bank (holding ratio 4.50%), Wuliangye (holding ratio 4.42%), China Merchants Rural (holding ratio 4.28%), and China Shenhua (holding ratio 3.40% ), the total proportion of the total assets of the capital is 55.79%, and the overall concentration of holdings is (high).
During the previous reporting period of the latest reporting period, the top ten heavily held stocks of the fund were China Shenhua (holding ratio 9.76%), Meinian Health (holding ratio 9.75%), Ningbo Bank (holding ratio 9.33%), China Merchants Bank (holding ratio 9.19%), Kweichow Moutai (holding ratio 8.18%), Zhongju Hi-Tech (holding ratio 5.26%), Antarctic E-commerce (holding ratio 4.78%), Vanke A (holding ratio 3.27%), Songcheng Performing Arts (holding ratio 3.26%), and Gujing Gongjiu (holding ratio 3.06%), totaling 65.84% of the total assets of the funds, and the overall concentration of holdings (high).
During the reporting period, fund investment strategy and operation analysis
A-share market diverged greatly in the first quarter, and growth stocks performed much better than value stocks. In the first quarter, the Shanghai Composite Index 50 fell 12.2%, the Shanghai and Shenzhen 300 fell 10.02%, the SME Index fell 1.94%, and the ChiNext Index rose 4.1%. At the beginning of the year, the market continued its growth style in the second half of last year. Growth sectors such as electronics, semiconductors, computers, and new energy once increased significantly. However, after the Spring Festival, as the epidemic fermented, the market's risk preference decreased, and a large number of investors turned to essential consumer goods such as medicine, agricultural products, and food. In terms of industry, agriculture, forestry, animal husbandry and fishery and medicine rose by 17.9% and 10.8% respectively, with the most outstanding performance; followed by communications, computers and building materials, with the highest increase of 4.7%, 4.2% and 3.6% respectively; the worst performance were leisure services, mining, non-bank and home appliances, with the declines of more than 15%.
??This fund performed better than the Shanghai and Shenzhen 300 in the first quarter of this year, but lagged behind the ChiNext. Our main allocation industries are pharmaceutical, food and beverage, high-end manufacturing and financial industries, and the banking and coal stocks we hold are performing poorly. This fund actively adjusted its positions in the first quarter, reducing the proportion of the first few heavily held stocks, reducing the holdings of financial and coal stocks, and increasing the holdings of high-end manufacturing and technology stocks . In the future, we will adhere to the principle of relatively dispersed industries and increase the allocation of growth stocks.
As of the end of this reporting period, the net value of this fund shares was 1.367 yuan; the growth rate of this reporting period was -6.18%, and the performance comparison of the benchmark yield rate was -2.45%.
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