Home » Business » The first batch of funds reported in the four seasons was released by well-known fund managers’ high position operations, some of which increased positions in Hong Kong stocks_ 东方富网

The first batch of funds reported in the four seasons was released by well-known fund managers’ high position operations, some of which increased positions in Hong Kong stocks_ 东方富网

Summary

[The first batch of fund four season reports released by well-known fund managers’ high position operations, some Hong Kong stocks are added to Hong Kong stocks]The fund’s 2020 four season report began to disclose that the investment paths of star fund managers such as GF Fund Liu Gesong and E Fund Fund Xiao Nan were exposed. As of the end of last year, most star fund managers maintained high positions. The recent upsurge in the Hong Kong stock market has long been the allocation target of some fund managers at the end of last year, and Hong Kong stock positions have increased significantly. (Securities Times)

  fundThe 2020 Four Seasons News began to disclose, GF FundLiu Gesong,E FundThe investment path of star fund managers such as Xiao Nan was exposed.

As of the end of last year, most star fund managers remained highPositionOperation, and the recent high rise in Hong Kong stocksmarket, Has long been the allocation target of some fund managers at the end of last year, and Hong Kong stock positions have increased significantly.

Industry leaders with obvious competitive advantages are stillPublic offeringThe mainstream investment strategy of the fund, some fund managers clearly expressed their optimism about photovoltaic, military, non-ferrous,the InternetInvestment opportunities in services and other sectors.

  Continue to take high positions against the market

The first batch of the 2020 Fund Four Seasons Report revealed that when the market has not yet been significantly overvalued or undervalued, fund managers are more willing to maintain high positions and grasp structural opportunities by adjusting their positions.

ICBC Credit Suisse Style Managed by Yuan FangindustryStock fundThe stock position at the end of the fourth quarter of last year was 90.33%. The stock position of another fund she managed, ICBC Credit Suisse Yuanxing Hybrid, increased from 85.08% at the end of the third quarter to 89.49% at the end of the fourth quarter, an increase of more than 4 percentage points.

In the fourth quarter of last year, Li Xiaoxing, manager of Yinhua’s small and medium-cap selected mixed fund, also maintained a high position of 87.56%; GF Fund’s star fund manager Liu Gesong managed a small-cap growth position of 92.04% at the end of the fourth quarter. This is the third consecutive quarter that Liu Gesong will Stock positions remain above 90%.

The Yifang Da Keshun Fund managed by Xiao Nan also had a position of 92.32% at the end of the fourth quarter of last year. Like Liu Gesong, it has maintained more than 90% of its stock position for three consecutive quarters.

  Part of the fund’s allocation of Hong Kong stocks

The reporter noticed that the increase of Hong Kong stock assets has become a consistent operation of some fund managers at the end of last year.

Harvest Mövenpick Fund Manager Zhang Jintao stated in the Four Seasons report that in the fourth quarter, he maintained a relatively high position, reduced his holdings of some stocks with excessive gains and lower-than-expected fundamentals, and increased his holdings of relatively low valuations.PerformanceA stock that is expected to achieve faster growth in 2021.In the industry, it has reduced its holdingsfood and drink, Pharmaceuticals and chemical industries, increasing their holdings in technology, automobiles, light industry andMachinery Industry. In terms of market allocation, the proportion of holding positions in Hong Kong stocks has been increased.

According to the data, Castrol Mövenpick’s stock position reached 96.25% at the end of the fourth quarter, a substantial increase of 9.49 percentage points compared to the previous quarter, of which the Hong Kong stock position was 33.63%, which was an increase of more than 11 percentage points compared to the previous quarter.

In the fourth quarterAdd warehouseHong Kong stocks’ fund managers include ICBC Credit Suisse Yuan Fang,Yinhua FundBo Guanhui, Ping An Fund Li Huasong, etc.According to the data, ICBC Credit Suisse Yuanxing managed by Yuan Fang had a 29.38% position in Hong Kong stocks at the end of the fourth quarter, adding 14.07 percentage points in a single quarter; the Yinhua consumer theme managed by Bo Guanhui continued to increase its holdings in Hong Kong stocks while the stock position remained near 89%. Assets exceeded 14%, and the latest Hong Kong stock position reached 32.78%; Li Huasong’s management includes Ping AnLow-carbon economyMany of the funds in the company allocated additional Hong Kong stock assets in the fourth quarter, and at the end of the third quarter, the funds under his management had no holdings in Hong Kong stocks.

Judging from the disclosed Four Seasons,Tencent HoldingsHong Kong Stock ExchangeSunny Optical TechnologyWhitehorse stocks in the Hong Kong stock market such as Meituan and Meituan have entered the top ten major stocks of multiple funds.

The two fund managers Zhou Dapeng and Zhou Jing of Yinhua Shanghai-Hong Kong-Shenzhen Growth Equity Fund made their judgments on the trend of Hong Kong stocks in the quarterly report: “The Hong Kong stock market has been continuously undergoing institutional reforms in recent years and has actively introduced leaders representing emerging growth directions.enterpriseListing in Hong Kong has enabled the Hong Kong market to have more and more high-growth investment targets with global scarcity. The Hong Kong stock market has generally performed in the past due to local events and the impact of the epidemic, and the current valuation level is extremely cost-effective. “

  Firmly hold long-term possession

  Competitive advantage

Many fund managers believe that with the continuous advancement of reform measures such as the registration system and delisting system and the increasing proportion of institutional investors, the A-share market has gradually moved closer to the mature capital market valuation system, which has formed a very obvious trend. In the future, we will continue to firmly hold companies with long-term competitive advantages.

When it comes to specific industry sectors, Gesong Liu is still optimistic about the photovoltaic industry. He stated in the Four Seasons Report of GF Small-Cap Growth that in the fourth quarter of 2020, the market style has changed significantly, and the global economic recovery is highly valued. At the same time, industries such as photovoltaics, new energy vehicles, and military industries whose fundamentals exceed expectations have also been unanimously recognized by the capital market. The GF Small-Cap Growth Fund focuses on growth industries such as new energy, cloud computing, semiconductors, and pharmaceuticals.Continue to be firmly optimistic about the future development of the photovoltaic industry, leadingthe companyIt is expected to continue to obtain excess returns. At the same time, as the overseas epidemic eases and the world resumes work and production, the procyclical industry deserves special attention.

From the top ten heavyweight stocks,Yiwei Lithium EnergyreplaceLongji shares, Becoming the largest heavyweight stock in GF’s small-cap growth. In addition,BOE ATigermedNewly entered its top ten heavyweight stocks.

For the hot new energy sector in the fourth quarter, some fund managers have suggested risks. Yuan Fang mentioned in the ICBC Credit Suisse Sports Industry Four Seasons that the first quarter is a relatively good time window for 2021. On the one hand, the external environment is better. The European and American epidemics have entered an improvement channel with the vaccination.MidlandReservecurrencyAnd fiscal policy supportReal economyRecovery; on the other hand, domesticmacropolicyRelatively moderate, and there are moreNew fund, The liquidity is relatively sufficient.high qualityGrowth stocksstillMain forceThe direction of the configuration.

Yuan Fang is relatively optimistic about military industry and non-ferrous metals in specific sectors, and the risks of the new energy sector may outweigh the opportunities. Looking at the whole year of 2021, it is relatively cautious, with high valuations of growth stocks, and the marginal friendliness of the macro liquidity environment may be weaker than in 2020.

Xiao Nan stated in the quarterly report of Yifang Da Keshun that the fourth quarter continued to increase the configuration of the Internet service sector.food and drinkThe structure of the plate has also been adjusted to some extent, and the overall combination is striving to maintain a proper balance under a certain offensiveness. Among the top ten heavyweight stocks of the fund,Tencent HoldingsNew,China Resources Beerdrop out.

(Source: Securities Times)

(Editor in charge: DF520)

Solemnly declare: The purpose of this information released by Oriental Fortune.com is to spread more information and has nothing to do with this stand.

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