Key points of this article:
1. The 7 blue-chip small and medium-sized products are: GF Multi-Factor, Dacheng Xinrui, Huaxia Industry Prosperity, $E Fund Supply Reform Mix (F002910)$ , Huaan Sports Health, $Huaan Dynamic Mix (F040015)$ , $CCB Potential The new blue chip stock (F000756)$ will be included in the fund pool.
2. Morningstar has 6 small and mid-cap blue-chip bases that have been five-star for three years and five years: Huaan Culture, Sports and Health Theme, Dacheng New Industry Mix, Huaxia Industry Prosperity, GF Multi-factor, Huaan Dynamic Flexible Configuration, and Dacheng Ruijing Flexible Configuration.
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Recently, because of the Taiwan issue, public opinion has focused on that. On August 5, the capital market finally raised its eyebrows once. The three major indexes all rose by more than 1%, and the Science and Technology 50 Index rose by more than 4%. Chip semiconductors broke out across the board, and market sentiment began to gather.
At this time, small and mid-cap funds are the ones that attract more attention in fund investment. In this regard, the Morningstar filter is more convenient to use, and there are special small- and medium-cap-active allocation products .
1. Fund Screening
1. Morningstar screening
The screening condition is active allocation – small and medium-cap funds, with three-year and five-year ratings of more than 3 stars. Based on the principle of selecting the best among the best, products that are five-star for three years and five years are selected.
Through the above conditions, you can get 6 five-star products: (Dacheng Ruijing AC merged into 1)
The six products are: Huaan Culture, Sports and Health Theme, Dacheng New Industry Mix, Huaxia Industry Boom, GF Multi-factor, Huaan Dynamic Flexible Configuration, and Dacheng Ruijing Flexible Configuration . Four of these six products were repeatedly discovered before, namely Han Chuang’s Dacheng New Industry Mix, Zhong Shuai’s Huaxia Industry Prosperity, Tang Xiaobin’s Guangfa Multi-Factor, and Jiang Miao’s Huaan Dynamics.
The above 6 products are classified as the fund sample pool of small and medium-cap blue-chip bases.
2. Snowball screening
The reason for writing about small and medium-cap funds is that the 10 small and medium-cap funds that are hotly discussed on Snowball have a relatively high degree of attention, as follows:
For a simple comparison, first remove the cyclical drivers of BOCOM Kaicheng and Xinao, which have been established for less than 5 years, and then remove the over 35% with excessive retracement, that is, remove: Ping An Strategy Pioneer, Huabao Power, Cathay Great Health, TEDA Manulife Cycle Mix .
Through the exclusion method, 6 products can be removed, leaving 4 products: CCB Potential New Blue Chip Stock, E Fund Supply Reform Mix, Huaan Dynamic Mix, Huatai Bai Rui Fuli Mix A
Combining the 6 products in the above selection 1, the 4 products that are hotly discussed by Snowball, overlapped with one product Huaan Dynamics, and 9 products can be obtained from the above: Huaan Sports and Health Theme, Dacheng New Industry Mix, Huaxia Industry Prosperity, Guangfa Duo Factors, Huaan Dynamic and Flexible Allocation, Dacheng Ruijing Flexible Allocation, CCB Potential New Blue Chip Stock, E Fund Supply Reform Mixed, Huatai PineBridge Mixed A.
2. Fund comparison
1. Basic information
The above 9 products are already very good, and the establishment time is about 5 years. (Only Huatai Bai Rui Fuli has been established for nearly 5 years)
Feature 1: Among them, there are three with a scale of over 10 billion, namely Huaxia Industry Boom, GF Multi-Factor, and Dacheng New Industry.
Feature 2: 1 fund manager manages 2 funds, namely Han Chuang manages Dacheng Xinrui Industry Mix and Dacheng Ruijing.
Feature 3: Among them, 4 products have been suspended for large-amount subscriptions: CCB Potential New Blue Chip, Huatai Bai Rui Fuli, Huaan Culture and Sports Health, and Huaxia Industry Prosperity Mixed.
2. Performance
From the perspective of excess returns only, as of August 5
In the past five years, except for Huatai Bairui Fuli, the other eight products have exceeded 140%, of which 4 products have exceeded 200%, namely Huaxia Industry Prosperity, GF Multi-Factor, Dacheng New Industry, Huaan Culture and Sports Health.
Among the excess returns in the past 2 years, there are 2 products with excess returns exceeding 100%, which are China’s industry boom and CCB’s potential new blue chips. As shown below
Among the excess returns in the past year, there are 3 products with excess returns exceeding 40%, namely CCB Potential New Blue Chip, E Fund Supply Reform, and Huatai Bai Rui Fuli. As shown below
Among the excess returns since the beginning of this year, there are 3 products with an excess return of more than 15%. The products are the same as those in the past year. They are CCB Potential New Blue Chip, E Fund Supply Reform, and Huatai Barui Fuli. It can be seen that Huatai Barry is in the falling market. Fuli’s performance is stronger, and the control of retracement is relatively good. As shown below
3. Annualized income
The best-performing product is Huaan Sports and Health, with an annualized income of 29.47%.
However, in the annualized income, there are two products whose annualized income is less than 15%, which is relatively low, namely: Huatai Bai Ruifuli and Dacheng Ruijing. In fact, the annualized income of these two products has reached 12%, which is also relatively good. Yes, it’s just a little dim compared to the better ones, so let’s exclude Huatai Bai Rui Fuli and Dacheng Ruijing first. The performance of the remaining 7 products far exceeds that of the CSI 300 Index.
As of August 5, the annualized income since the base date, the following seven products have exceeded 20%.
4. Karma ratio
Since the beginning of this year and as of three years ago, there are two products that have performed relatively well in the Karma ratio: E Fund’s supply reform and CCB’s potential new blue-chip stocks.
The same is true of the Sharpe ratio performance in the same period. There are two excellent products: E Fund Supply Reform and CCB Potential New Blue Chip Stocks, especially E Fund Supply Reform.
4. Maximum drawdown
Judging from the largest drawdown in the past year, the largest drawdown is more than -25%. The best one is the new blue chip of CCB. The largest drawdown in the past year is -25.35%.
Judging from the biggest drawdown since this year and in the past three years, CCB’s potential new blue chip is a product with better performance.
5. Volatility
In terms of volatility, since the beginning of this year, one of the products with better performance is GF Multi-Factor. As of 3 years ago to August 5, CCB Potential New Blue Chip and GF Multi-Factor have performed better in volatility.
6. Fund Manager
Although the excess returns are relatively high, in terms of management years, they are relatively short. Only Jiang Miao’s Huaan Dynamics has gone through bull and bear.
If this year is classified as a bear market, there are only two that have withstood the test with positive returns this year: E Fund’s supply reform and CCB’s potential new blue chips. It is a product with relatively small drawdown and positive returns this year.
In summary, the performance of the above products is relatively good, aside from the experience of GF multi-factor, Dacheng cutting-edge, and Huaxia industry boom. The remaining four products of E Fund Supply Reform, Huaan Sports and Health, Huaan Dynamics, and CCB Potential New Blue Chip will all be classified as fund pools, that is, there are 7 products.
For investment, the first choice is E Fund Supply Reform (002910), followed by CCB Potential New Blue Chip (000756) .
@snowball creator center @snowball talent show @ ETF star push officer @snowball fund @easy fund fundEfunds @华安fund @huaxia fund @jianxin fund @dacheng fund @GF fund
This article is a personal opinion, not an investment recommendation. Past performance does not represent future performance. There are risks in the market, and investment should be cautious.
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