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nginx/1.6.1Financial World Fund September 1st News Cathay ChiNext Index (LOF) A Fund fell 1.21% on August 31st, with a current price of 1.326 yuan and a transaction of 133,300 yuan. The current off-market net value of this fund is 1.3103 yuan, down 1.40% from the previous trading day, and the on-market price premium rate is -0.02%.
This fund is a listed tradable stock fund and index fund. Data from the Financial World Fund shows that the net value of this fund fell by 3.19% in the past January, the net value of this fund rose by 7.03% in the past three months, the net value of this fund fell by 9.47% in the past June, and the net value of this fund fell by 17.75% in the past year. Since its establishment, the cumulative net value of this fund has been 1.3103 yuan.
This fund has distributed dividends 0 times since its establishment, with a cumulative dividend amount of RMB 100 million. The fund is currently open for subscription. The fund manager of
is Xie Dongxu, who has managed the fund on July 21, 2021, and his income during his tenure is -23.68%. The latest fund regular report of
shows that the fund has a heavy holding in CATL (holding ratio 17.83%), Oriental Wealth (holding ratio 7.09%), Mindray Medical (holding ratio 3.79%), Yiwei Lithium Energy (holding ratio 3.54%), Huichuan Technology (holding ratio 3.31%), Aier Eye Hospital (holding ratio 3.00%), Wen's Shares (holding ratio 2.92%), Sungrow Power (holding ratio 2.75%), Zhifei Bio (holding ratio 2.31%), and Watson Bio (holding ratio 2.23%).
Fund investment strategy and operation analysis during the reporting period
suffered multiple pressures at home and abroad in the first quarter, and the A-share market fluctuated downward; the situation in Ukraine suddenly heated up abroad, and major Western economies dominated by NATO continued to increase all-round unlimited sanctions on Russia, major commodities, especially oil, gas, energy and food prices rose sharply, inflation in major economies in the United States and Europe continued to rise, and expectations of tightening monetary policy of the Federal Reserve were high; domestically, the number of COVID-19 epidemics spread, especially the large-scale spread of the epidemic in Jilin and Shanghai since March, which made it even worse for the domestic economy, which was already facing downward pressure. Under multiple pressures at home and abroad, the market expects that real estate policies, as an important means to stabilize the economy, are expected to be loosened in stages. Affected by geopolitics, gold as a safe-haven asset fluctuates upward. Affected by sanctions on Russia by major Western economies represented by the United States, the domestic major energy supply to coal has performed well.
For the whole quarter, the Shanghai Composite Index fluctuated and fell 10.65%, the representation index of large-cap blue-chip stocks such as the Shanghai Composite Index 50 fell 11.47%, the Shanghai and Shenzhen 300 index fell 14.53%, the growth mid-cap stocks characterization index of growth mid-cap stocks such as the CSI 500 fell 14.06%, and the small-cap stock characterization index of small-cap stocks CSI 1000 fell 15.46%. The ChiNext Index, which accounts for a large proportion of pharmaceutical and medical technology, fell 19.96%, and the Science and Technology Innovation Board 50 fell 21.97%. In terms of industry performance, Shenwan's first-level industries performed better in coal, real estate and banks, with increases of 22.63%, 7.27% and 1.66%, respectively. Electronics, military industry and automobiles were lagging behind, down 25.46%, 23.3% and 21.4% respectively.
was diverged in multiple points in the second quarter due to the domestic epidemic, especially the impact of the lockdown in Shanghai, and economic activities in the Yangtze River Delta region, including Shanghai, were greatly impacted. Investors were extremely pessimistic about the domestic macroeconomic situation in the second quarter. The A-share market continued the downward trend in the first quarter and hit a new low for the year on April 27. The Shanghai Composite Index fell below the 3,000-point integer mark, and the lowest fell to 2,863.65 lows in the past two years. Driven by the central and local departments at all levels, the State Council held a video conference on stabilizing the macroeconomic market directly to districts and counties. The epidemic in Shanghai has gradually been controlled, and investors' pessimism has been alleviated. Coupled with the excellent first-quarter performance of major listed companies, including military industry, the military industry led the market to rebound first. Afterwards, driven by the continued vigorous launch of policies to stimulate automobile consumption, the policies to stabilize the economic market, including new energy vehicles, continue to strengthen, and the stock prices of companies related to the new energy vehicle industry chain represented by BYD hit new highs. Due to the continued impact of the situation in Russia and Ukraine, the global tension in energy and food supply has intensified. The domestic major energy companies represented by coal have performed well, and the breeding industry, affected by the expectations of rising pig prices, performed well.
For the whole quarter, the Shanghai Composite Index fluctuated and rose 4.5%, the representation index of large-cap blue-chip stocks such as the Shanghai Composite Index 50 rose 5.5%, the Shanghai and Shenzhen 300 index rose 6.21%, the growth mid-cap stocks characterization index of growth mid-cap stocks such as the CSI 500 rose 2.04%, and the small-cap stock characterization index of small-cap stocks CSI 1000 rose 3.3%. The ChiNext Index, which accounts for a large proportion of new energy vehicles and pharmaceutical and medical technology, rose 5.68%, and the Science and Technology Innovation Board 50 rose 1.34%. In terms of industry performance, Shenwan's first-level industries performed better in automobiles, food and beverages, and power equipment, with increases of 23.09%, 22.19% and 15.1%, respectively. Real estate, computers, and comprehensive performance were down, down 8.94%, 8.03% and 4.75% respectively.
The performance of the fund during the reporting period
The net value growth rate of this fund during the reporting period was -14.51%, and the benchmark yield of the same period was -14.59%.
The net value growth rate of this fund Class C shares has been 15.31% since the new Class C shares was added, and the benchmark yield for performance in the same period was 15.42%.
managers’ brief outlook on the trends of the macro economy, securities market and industry
2022 is the third year of the new crown epidemic. With the gradual vaccination of the new crown vaccine in major economies and the gradual launch of anti-new crown drugs, the global economy is expected to gradually recover from the haze of the new crown epidemic. In the post-epidemic era, global geopolitics are complex and geopolitical crises have become the biggest uncertainty affecting the global political economy. On the other hand, the uncertainty of the new coronavirus variant has increased, and the economic recovery is still relatively fragile overall. Especially as China's economic scale gradually catching up with major developed countries, the game and competition among major economies are expected to bring more uncertainty. As the base effect weakens, exports are facing pressure, the domestic and international situation is complex, and the downward pressure on the economy is increasing. As the pressure on the new crown epidemic continues to increase, we expect policies to focus on stabilizing growth. The pillar industries of traditional economic growth are expected to usher in phased investment opportunities under the six-stable policy environment. (Click to see more fund changes)
