$Shanghai Composite Index(SH000001)$ $GEM Index(SZ399006)$ $ GF Ruiyi Leading Mix(F005233)$
#2022投资摘要# #A股兴奇开门红# #Tesla plummets more than ever, are you panicking if you hold new energy#
2022 is a year when the index will drop sharply. The CSI 300 Index will drop by as much as 21.3%. Such a year provides us with new data for looking for funds that can rise and resist falling.
The standard of being able to rise and resist falling is that the income in the previous few years has been good, and it will also rise in 2022. In addition, the fund manager took office before 2020 and has not changed so far. Find the following funds that I think are relatively remarkable:
Next, analyze the reasons behind the performance of these funds to examine whether they are sustainable.
Wuyang｜E Fund Mövenpick I
Wuyang has been managing E Fund Mövenpick I since the end of 2017, and its annual performance has been excellent. The most eye-catching year is 2022, which actually achieved a 21.7% return in the year of the sharp drop. Looking at the changes in its top ten heavyweight stocks last year, there is a magic touch, that is, the first two quarters were heavily loaded with lithium batteries, and the third quarter suddenly shifted to aviation stocks, and these aviation stocks grew in the third and fourth quarters. When it fell sharply, it rose against the trend, which made the fund achieve excellent performance throughout the year.
I checked the fund’s third quarterly report, and there was no reason for a substantial rebalancing of positions. It only said that the short-term need to control the retracement, and said that in the long-term, the fund will still focus on industries such as technology, high-end manufacturing, large-scale consumption, and medical health as the main allocation direction.
Before April, the performance of the fund was similar to that of other growth-style funds, and the retracement was not too small. However, the adjustment of positions in the third quarter made the performance of the fund reborn.
From the perspective of long-term holdings, Wuyang is an excellent growth style player, but there are very few growth style players who can make forward-looking judgments on the macro market and adjust positions to value styles in a timely manner to reduce drawdowns.
Although one stroke of magic does not mean that you will do it right every time in the future, Wuyang’s outstanding performance for five consecutive years cannot be completely explained by luck. If you are afraid that the market style will change this year after buying a value-style fund that performed well last year, choose Wuyang Yang seems to be a best-effort solution.
Lin Yingrui｜Guangfa Ruiyi leads A
With his performance in recent years, Lin Yingrui has become a popular fried chicken in the market. Since the end of 2017, the management of GF Ruiyi has taken the lead, and his income is as follows:
Every year’s income is perfect, with an annualized return of 23.6% in the past five years, and the maximum drawdown is only -20.4%.
Looking at its holdings, it is mainly concentrated in ordinary industries such as aviation, coal, and banking. During the epidemic, he bought industries such as aviation that were damaged by the epidemic and achieved impressive results. Lin Yingrui understood value investing. .
According to the latest position data, among the top ten heavyweight stocks, there are 6 airline stocks and 3 bank stocks. At present, what needs to be considered when buying Lin Yingrui’s fund is: the logic of speculation in aviation stocks in advance and the release of the epidemic has almost reached a new high. In addition, Lin Yingrui’s current management scale is close to 20 billion, which is not too small.
Zhou Haidong｜Selection of New Trends for Chinese Entrepreneurs
Zhou Haidong is a treasure fund manager that was excavated in the past. He is also a portfolio holding fund. Zhou Haidong started managing funds in May 2015 when the market was close to 5,000 points. His performance every year is excellent. Eight years later, the market will reach 3,100 points annually. The income is as high as 20%, and there is still no breakthrough in 2022, with a positive income of 13.6%.
In the first half of last year, it mainly held coal positions. In the second half of the year, it gradually reduced its coal positions, and adjusted its positions to computers, Xinchuang and other themes, which perfectly fit the style of the market and can be described as precise adjustments. It is precisely because of its ability to adjust positions that have been verified by many years of history that the group dared to “chasing high” to buy Zhou Haidong’s fund in November last year. The current management scale of Zhou Haidong is 14.13 billion.
Mi Xiao｜Harvest Logistics Industry A
Can the logistics industry also flourish? Xiao Mi answered this question with performance. Since managing this fund at the end of 2016, the performance over the years is as follows:
This performance is expensive in a stable word, and the performance in the past two years has beaten most mainstream funds in the market. Considering that this is a theme fund, its positions are basically in the transportation industry, including express delivery, aviation, railways, etc.
Judging from the fund’s holdings and the fund’s quarterly reports, fund managers are currently more optimistic about the express delivery industry. I believe that in China, leading companies with significant advantages in service capabilities, risk control capabilities, and debt costs have just emerged. At this point in time, these companies have a very good opportunity to rely on their own competitive advantages to gain market share. In this large enough very good growth in the market.
Those who are optimistic about the transportation and logistics industry can choose this fund.
Shen Nan｜Bank of Communications State-owned Enterprise Reform
Shen Nan started to manage this fund at the peak before the stock market crash in June 2015. It also belongs to the long-term stable performance, but the performance in the past two years has been particularly outstanding. Its positions are characterized by scattered industries, and the top ten heavy positions are distributed in ten different industries.
Shen Nan has a sell-side research background in macro strategies, is good at selecting industries from top to bottom, and can also make certain position timing. For example, in Q2 and Q3 last year, he reduced his stock position to around 65%, and he controlled the return better. withdraw.
The well-known fund managers of Bank of Communications in the past were He Shuai, Wang Chong and Yang Hao, known as the “Three Musketeers of Bank of Communications”. In the past two years, Shen Nan’s performance has been significantly better than that of the Three Musketeers. Shen Nan’s performance before 2019 is quite satisfactory, and his performance after 2020 will gradually reach the top. We hope that fund managers can continue to make breakthroughs and progress. After all, future earnings are meaningful compared to the past!
This topic has 0 discussions in Xueqiu, click to view.
Snowball is an investor social network where smart investors are all here.
Click to download Xueqiu mobile client http://xueqiu.com/xz ]]>
This article is transferred from: http://xueqiu.com/6887068466/239165873
This site is only for collection, and the copyright belongs to the original author.