On September 2, General Secretary Xi Jinping expressed his continued support for the innovative development of small and medium-sized enterprises, deepen the reform of the New Third Board, establish the Beijing Stock Exchange, and build a main battlefield for serving innovative s

Reporter Du Meng

htmlOn September 2, General Secretary Xi Jinping expressed his continued support for the innovative development of small and medium-sized enterprises, deepen the reform of the New Third Board, establish the Beijing Stock Exchange, and build a main battlefield for serving innovative small and medium-sized enterprises. Subsequently, the China Securities Regulatory Commission stated that the Beijing Stock Exchange would be established based on the existing New Third Board Selected Layer.

In the morning trading today, stocks in the New Third Board Selected Layer showed a high opening and low closing trend. As of about 10:00 am, Wuxin Tunnel (835174.NQ) opened the market and then fell slightly to 20%; Fengguang Precision (430510.NQ) also rose by nearly 20%. The market trend of the

sector is surging. For investors who do not have the right to open purchases, can they use the concept funds on the New Third Board theme to successfully get on the bus?

Wind statistics show that there are currently 19 New Third Board concept theme funds on the market. Among them, fund companies such as Fuguo, Huaxia, Huitianfu, China Merchants, Wanjia, Southern, ICBC and Credit Suisse became the first batch of "New Third Board Concept Theme Funds" issued last year.

From the name point of view, these 7 funds have the words: growth selection, innovation growth, innovation selection, etc., showing the theme attributes of the investment scope. In the fund contract, these funds also clarify "investment in the Selected Layer of the New Third Board".

It is worth noting that these 7 fixed-opening funds have opened a closed period for the first time this year. As of June 30, five funds, including Huaxia Growth Selection, Fuguo Active Growth, Wanjiaxin Power, Investment Merchants Growth Selection, and Huitianfu Innovation Growth, have ended their first closed period. Interim report information shows that all five funds have had net redemptions.

Among them, Wanjiaxin Power has the largest redemption share, with a net redemption share of up to 825 million. This may be related to the poor returns since the fund was established. As of September 3, the return since its establishment was only 11.35%.

Since the beginning of this year, the concept theme funds of the New Third Board have once again ushered in expansion. Wind data shows that a total of 12 funds have once again covered their investment scope to the Selected Layer of the New Third Board. Among them, there are 4 with a scale of more than 2 billion, namely Southern Consumption Upgrade, Hongde Ruiyuan's Three-Year Holding, Hongde Ruicheng, and China Construction Corporate Innovation Power.

counts the heavily held stocks of the above 19 theme funds. Interface News reporters found that although the investment scope covers the New Third Board, the actual value is not high.

Take the best-performing Fuguo actively grow for one year as an example. Since its establishment, its performance has reached 65.48%. The interim report shows that as of the end of the second quarter, the fund's top ten heavily held stocks were Northland (430047.NQ) and Liancheng CNC (835368.NQ).

As a biological product research and development manufacturer, Northland's operating income in the first half of the year was 22.8215 million yuan, a year-on-year decrease of 23.1%; a net loss of 25.7638 million yuan, a year-on-year increase of 614.51%.

, while Liancheng CNC belongs to the electrical equipment industry, with operating income of 816 million yuan in the first half of this year, an increase of 67.71% year-on-year; net profit of 170 million yuan, an increase of 62.95% year-on-year.

In this regard, Yang Dong, manager of Fuguo Active Growth Fund, said in the interim report operation analysis that the stocks held in the New Third Board Selected Layer rose significantly during the reporting period, which is not unrelated to the gradual clearance of the transfer expectations of related stocks.

Interface News reporter learned that according to the "Guidelines for Publicly Offered Securities Investment Funds to Investment in Stocks Listed in the National Small and Medium Enterprise Stock Transfer System" (hereinafter referred to as the "Guidelines") issued by the China Securities Regulatory Commission on April 17 last year, the fund manager will not be able to continue to invest in the stocks in the selected layer once it is transferred out of the Selected layer, and the stock should be gradually transferred out of the investment portfolio.

"The performance of the selected layer stocks fluctuates greatly and is suitable for long-term allocation. However, if the scale of a single fund is large, some individual stocks with lower valuations and clearer business routes may be selected as the bottom positions, and the selected layer stocks with heavy positions will not be selected." said a 10 billion fund manager in South China.

, and more New Third Board theme concept funds still maintain mainstream allocation. With the selection of investment promotion selection for one year, the selected layer stock has only appeared in the portfolio of Minimally Invasive Optoelectronics (430198.NQ). Among the top ten heavily held stocks, there is no selected layer stock in the New Third Board. It is still a combination of A+H shares in the portfolio, which is more inclined to pharmaceuticals and technology.