Financial World Fund October 28th GF Electronic Information Media Industry Selected Stock-Initiated Securities Investment Fund (hereinafter referred to as: GF Electronic Information Media Industry Selected Stocks, code 005310) announced its latest net value, up 2.03%. The unit net value of this fund is 1.0018 yuan, and the cumulative net value is 1.0018 yuan.
GF Electronic Information Media Industry Selected Stock-Initiated Securities Investment Fund was established on 2017-12-11, with a benchmark of performance as "CSI All Index Information Technology Index * 80.00% + CSI All Index Telecom Business Index * 10.00% + Bank Current Deposits * 10.00%". Since its establishment, the fund has a return of 0.18%, the year has a return of 51.17%, the past month has a return of -2.42%, the past year has a return of 47.78%, and the past three years has a return of -. In the past year, this fund has ranked the same category (64/655). Since its establishment, this fund has ranked the same category (538/806).
Financial World Fund Fixed Investment Ranking Data shows that the return of fixed investment in the fund in the past year was 25.51%, the return of fixed investment in the past two years was -, the return of fixed investment in the past three years was -, and the return of fixed investment in the past five years was -. (Click here to view the fixed investment ranking)
fund manager is Guan Fuqin, who has managed the fund on February 13, 2018, and has earned 7.20% during his term of office. The latest regular report of
shows that the top ten heavily held stocks of the fund are Luxshare Precision ( holding proportion 8.12%), Xinwangda (holding ratio 5.83%), Weining Health (holding ratio 4.97%), Shiji Information (holding ratio 4.72%), Broadband (holding ratio 4.52%), Hikvision (holding ratio 4.51%), Qiming Xingchen (holding ratio 4.46%), Inspur Information (holding ratio 4.46%), Changdian Technology (holding ratio 4.27%), and Hang Seng Electronics (holding ratio 4.26%) ), the total proportion of the total assets of the capital is 50.12%, 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 Luxshare Precision (holding ratio 7.67%), Weining Health (holding ratio 5.88%), Xinwangda (holding ratio 5.87%), Guanglianda (holding ratio 5.19%), Hikvision (holding ratio 5.10%), Qiming Xingchen (holding ratio 4.97%), Zhaoyi Innovation (holding ratio 4.90%), China News Service (holding ratio 4.87%), Huayu Software (holding ratio 4.86%), and Shenzhen South Circuit (holding ratio 4.71%), totaling 54.02% of the total assets of the funds, and the overall concentration of holdings (high).
Fund investment strategy and operation analysis during the reporting period
The market performance differentiated in the third quarter of 2019. Among them, the SME Index and the ChiNext Index, which are mostly growth stocks, rose more. During the period, the Shanghai and Shenzhen 300, SME Index and ChiNext Index rose by -0.29%, +5.62%, and +7.68%, respectively. TMT's four major sectors of electronics, computers, communications and media also showed obvious differentiation, with a rise and fall of +20.20%, +5.40%, -3.94%, and -0.33%, respectively. In the third quarter, the investment opportunities in the TMT sector were mainly concentrated in the electronics sector and some computer companies, among which semiconductors, PCBs and consumer electronics companies performed the best. Among them, the recurrence of the trade war (but the impact is on the marginal decline) and the improvement of electronic fundamentals are the key factors driving this round of market conditions. For example, TSMC and TI have a better future business outlook in the second quarter financial reports; Huawei 's global 5G base station shipments exceeded expectations, driving the market's expectations for the increase in demand for 5G mobile phone replacement next year, and under the influence of the trade war, the accelerated semiconductor domesticization process under Huawei's leadership. Correspondingly, on the basis of maintaining the previous industry leader allocation strategy, this fund further increased the allocation of the electronics industry at the beginning of the third quarter, focusing more positions on leading targets with higher certainty and prosperity. In terms of sub-industry allocation, the fund's allocation targets are still concentrated in consumer electronics, cloud computing, 5G and other directions. Compared with the second quarter, it mainly increased the allocation proportion of semiconductor sub-industry.
During the reporting period, the net value growth rate of this fund's share was 19.38%, and the benchmark yield for performance in the same period was 9.52%.
A brief outlook of the manager on the trends of the macro economy, securities market and industry
