Financial World Fund April 29th News Guotai Securities Nonferrous Metals Industry Index Graded Securities Investment Fund (abbreviated as: Guotai Securities Nonferrous Metals Industry Index Graded, code 160221) announced its latest net value, down 1.62%. The unit net value of this fund is 0.6936 yuan, and the cumulative net value is 0.5413 yuan.
Guotai Securities Nonferrous Metals Industry Index Graded Securities Investment Fund was established on 2015-03-30, and its performance benchmark is "Guoxian Securities Nonferrous Metals Index *95.00% + Bank Current Deposits *5.00%". Since its establishment, the fund's income is -47.41%, the year has earned -14.06%, the past month's income is -1.44%, the past year's income is -7.53%, and the past three years' income is -25.81%. In the past year, this fund has ranked the same category (665/726). Since its establishment, this fund has ranked the same category (838/857).
Financial World Fund Fixed Investment Ranking Data shows that the return of fixed investment in the fund in the past year was -6.55%, the return of fixed investment in the past two years was -7.42%, the return of fixed investment in the past three years was -15.86%, and the return of fixed investment in the past five years was -20.68%. (Click here to view the fixed investment ranking)
fund manager is Xie Dongxu, who has managed the fund since November 1, 2019, and his income during his tenure is -0.17%. The latest regular report of
shows that the top ten heavily held stocks of the fund are Zijin Mining ( holding proportion 9.71%), Shandong Gold (holding 8.05%), Ganfeng Lithium (holding 5.62%), Luoyang Molybdenum (holding 4.82%), Huayou Cobalt (holding 3.65%), Northern Rare Earth (holding 3.42%), Greenmei (holding 3.30%), China Aluminum (holding 3.18%), Tianqi Lithium (holding 3.18%), and CICC Gold (holding 2.70%), totaling 47.63% of the total assets of the funds, and the overall concentration of holdings (medium).
During the previous reporting period of the latest reporting period, the top ten heavily held stocks of the fund were Zijin Mining (holding ratio 10.06%), Shandong Gold (holding ratio 6.37%), Luoyang Molybdenum (holding ratio 4.99%), Tianqi Lithium (holding ratio 4.49%), Ganfeng Lithium (holding ratio 4.03%), Huayou Cobalt (holding ratio 4.01%), Northern Rare Earth (holding ratio 3.41%), China Aluminum (holding ratio 3.28%), Greenmei (holding ratio 2.87%), and Dongyangguang (holding ratio 2.55%), totaling 46.06% of the total assets of the funds, and the overall concentration of holdings (medium).
Analysis of fund investment strategies and operation during the reporting period
In the first quarter, various assets in the global financial market fluctuated significantly, and the A-share market fluctuated significantly. At the beginning of the year, due to the positive policy expectations of the year of the close of a well-off society, the market continued the good trend in the fourth quarter of last year, especially the performance of sectors including semiconductors, communications, computers, and new energy vehicles driven by Tesla's strong performance continued to strengthen; in late January, affected by the rumors of new crown pneumonia in Wuhan, the market began to fluctuate and weaken, especially on the first day after the Spring Festival, due to the continued sharp impact of the domestic epidemic, individual stocks in Shanghai and Shenzhen fell to the limit on the spot on a large scale, and strict prevention and control measures were decisively taken at home, and the epidemic was gradually With the continued hot issuance of new funds, technology stocks led A-shares to a wave of rapid rise; with the gradual spread of the epidemic overseas and the weak overseas prevention and control measures, the global financial market suffered a sharp impact, and all types of assets fell sharply. European and American stock markets repeatedly circuit breakers within a week, and the A-share market could not be immune to it. Northbound funds continued to flow out significantly in the short term. The Shanghai Composite Index fell to 2646 points at the lowest. Strong sectors such as semiconductors, communications, computers, and new energy vehicles, which had a too fast increase in the previous period, fell sharply. In the full quarter, the Shanghai Composite Index fell 9.83%, the representation index of large-cap blue-chip stocks such as the Shanghai Composite Index 50 fell 12.2%, the Shanghai and Shenzhen 300 index fell 10.02%, the growth-oriented small and medium-cap stock index of growth-oriented small and medium-cap stocks fell 4.29%, the SME Index, which accounts for a large proportion of technology stocks in the sector, fell 1.94%, and the ChiNext Index rose 4.1%. In terms of industry performance, the best performance in Shenwan's first-level industries were agriculture, forestry, animal husbandry, fishery, medicine, biology and computers, with growth rates of 15.65%, 8.39% and 3.9% respectively. The lagging performance was leisure services, mining and home appliances, down 20.08%, 17.22% and 15.93% respectively.
is a passive fund that completely tracks the underlying index. This fund avoids unnecessary active operations, reduces transaction impact costs, and ensures that the fund portfolio and index weight are basically consistent through refined management.
The net value growth rate of this fund in the first quarter of 2020 was -14.12%, and the benchmark yield for performance in the same period was -14.13%.
The manager's brief outlook on the trends of the macro economy, securities market and industry
The global COVID-19 epidemic situation in the second quarter will still be the main factor affecting the financial market. Due to the significant reduction or even stagnation of activities in major economies, the risk of recession in the global economy has increased significantly. The capital market reflecting the fundamentals of the economy is facing great uncertainty; but under the control of the domestic epidemic, the overall goal of achieving a well-off society in a central level remains unchanged. It is expected that the domestic policy of stabilizing growth will continue to be strengthened. New infrastructure mainly based on 5G, industrial Internet, big data, etc. will be the main focus of the policy and the direction with greater policy flexibility. In terms of industry performance, stimulated by the policy of stabilizing growth in the post-epidemic cycle, the industry is expected to perform relatively balancedly.
In the context of the long-term technological competition between China and the United States, independent controllable and domestic substitution are expected to bring about continuous improvement in revenue in industries such as semiconductors, communications, and computers, and the competitiveness of companies in related fields is expected to be significantly improved. In the medium and long term, we are still optimistic about the military industry that may accelerate the securitization of military assets and the reform of scientific research institutes that benefit from China's economic structure transformation, as well as the semiconductor, communications, computers, and military assets securitization and scientific research institute reform in new infrastructure fields such as 5G.
On the other hand, as the economy gradually stabilizes, commodity prices are also stabilizing or rebounding slightly, which is conducive to the steady upward economic growth of cyclical sectors such as nonferrous metals. The performance of listed companies, as the industry leader, is expected to continue to improve. The National Securities Nonferrous Metals Industry Index includes 50 major listed companies in the first and second tiers of Shanghai and Shenzhen stock markets, which can reflect the overall performance of the nonferrous industry. Investors can use the Guotai Securities Nonferrous Industry Index Grading Fund to actively seize the phased investment opportunities in the nonferrous industry. Investors can pay attention to the investment value of the Guotai Securities Nonferrous Industry Index Classified Fund (160221).
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