404 Not Foundnginx/1.6.1 Financial World Fund January 3rd GF High-end Manufacturing Stock-type initiated securities investment fund (referred to as: GF High-end Manufacturing Stock C, code 010160) announced its latest net value, up 2.62%. The unit net value of this fund is 3.3188

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Financial World Fund January 3 News GF High-end Manufacturing Stock Initiative Securities Investment Fund (hereinafter referred to as: GF High-end Manufacturing Stock C, code 010160) announced its latest net value, up 2.62%. The unit net value of this fund is 3.3188 yuan, and the cumulative net value is 3.3188 yuan. The latest periodic report of

shows that the fund's scale was 18.215 billion yuan, and the previous period was 1.39 billion yuan, an increase of 1,210.59%.

GF High-end Manufacturing Stock-Initiated Securities Investment Fund was established on 2020-09-16, and its performance benchmark is "CSI High-end Equipment Manufacturing Index *90.00% + CSI All-Debt Index *10.00%". Since its establishment, the fund has earned 51.61%, the year has earned 25.64%, the past month has earned 5.28%, the past year has earned 25.64%, and the past three years has earned 3. In the past year, this fund has ranked the same category (146/922). Since its establishment, this fund has ranked the same category (555/1293).

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fund manager is Zheng Chengran, who has managed the fund on September 16, 2020, and has earned 51.61% during his term of office. The latest regular report of

shows that the top ten heavily held stocks of the fund are Sungrow Power (holding ratio 11.90%), Jingao Technology (holding ratio 10.27%), Chint Electric Appliances (holding ratio 10.10%), Jerry Shares (holding ratio 9.96%), Tongkun Shares (holding ratio 9.63%), Rongsheng Petrochemicals (holding ratio 8.75%), Trina Solar (holding ratio 5.58%), Fulette (holding ratio 5.42%), Longi Green Energy (holding ratio 5.04%), and Xinfengming (holding ratio 4.73%), totaling 81.38% of the total assets of the funds, and the overall concentration of holdings is (high). During the previous reporting period of

, the top ten heavily held stocks of the fund were Tongkun Co., Ltd. (holding ratio 10.17%), Rongsheng Petrochemical (holding ratio 10.12%), Sungrow Power (holding ratio 9.79%), Longi Green Energy Technology Co., Ltd. (holding ratio 8.79%), Jerry Co., Ltd. (holding ratio 7.84%), China Shenhua (holding ratio 5.28%), Zoomlion Heavy Science Co., Ltd. (holding ratio 5.19%), Xinfengming (holding ratio 4.99%), China National Heavy Truck Co., Ltd. (holding ratio 4.75%), and Industrial Bank (holding ratio 4.70%), totaling 71.62% of the total assets of the funds, and the overall concentration of holdings (high).

Analysis of fund investment strategies and operations during the reporting period

In the third quarter of 2021, the domestic macroeconomic showed a situation of general downstream demand and a surge in upstream resource products, and the differentiation of the A-share market has intensified. From a structural perspective, sectors with poor consumption and fundamental trends performed in general, while new energy, chemicals, etc. with higher short-term prosperity performed better.

This fund has added a large proportion of photovoltaic sectors. Combined with valuation and growth, the photovoltaic sector is the direction with the highest medium-term certainty. Against the backdrop of abnormal huge price increase in upstream prices brought about by the overall supply contraction, we believe that from the medium-term perspective, it is difficult for the upstream to maintain high profitability. In the current environment, sectors that can withstand upstream pressure, downstream demand and midstream manufacturing profits will be very explosive in the context of the upstream decline next year. The photovoltaic and chemical sectors meet this feature.

The performance of the fund during the reporting period

During this reporting period, the net value growth rate of Class A fund shares of this fund was 9.51%, the net value growth rate of Class C fund shares was 9.39%, and the benchmark yield for the same period was 1.98%.

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This article comes from the financial world fund