Chen Guangming’s explosive fund heavy storage stocks exposed, star fund managers bought these

Chen Guangming’s explosive fund heavy storage stocks exposed, star fund managers bought these
China Fund News reporter If Hui Hui entered the fund quarterly season, the investment trends and outlook of star fund managers are undoubtedly the most concerned.  Today, more than 20 fund companies including Nanfang, Agricultural Bank of China, Ruiyuan, Rongtong, Penghua, and Wanjia released the second quarterly report of the first batch of funds. Among them, there are many Ruiyuan Fund Fu Pengbo, Southern Fund Shibo, Qianhai Kaiyuan Qiu Jiefund.  Fund Jun sorted out the core views of eight vice presidents and investment directors in charge of investment research, and shared with readers: Fu Ruiyuan Fund Fu Pengbo: choose the direction of advanced manufacturing, medical health, food consumption and other industries.  China Southern Fund Shibo: Future investment opportunities come from three aspects: revaluation of valuations, continued prosperity of sub-sectors, and early cycles.  Qianhai Kaiyuan Qiu Jie: In the second quarter, it increased its holdings in industries such as consumption and nonferrous metals.  Wanjia Fund Mo Haibo: blue chip (real estate, building materials, home appliances, furniture and other sectors) + growth (computers, semiconductors, new energy vehicles, etc.).  Agricultural Bank of China, Fu Juan: Stocks with obvious long-term competitive advantages may be a good opportunity to build a position.  Tian Hong Fund Xiao Zhigang: Focus on avoiding industries that are obviously constrained by physical space.  Rongtong Fund Zou Xi: Increase the configuration of industries such as electronics and machinery, and reduce the configuration of industries such as home appliances and home furnishings.  Ping An Fund Li Huasong: The new round of technological innovation cycles represented by new energy, 5G, artificial intelligence, and IOT has not changed.  In the second quarter, the A-share market has undergone a round of adjustments under the operation of high positions. However, many active partial stock funds still maintained high position operations at the end of the second quarter, mainly in response to market adjustments by optimizing their positions.  The Ruiyuan Growth Value Fund, which was established in March, disclosed its first quarterly report today. Fu Pengbo, a star fund manager and deputy general manager of Ruiyuan Fund, said that after the fundraising was established, it fully operated for a quarter in the second quarter of 2019.From repair to relatively reasonable, the adjustment process of liquidity from relatively loose to moderately counter-cyclical.According to the fund contract, the fund gradually increased its position and reached a relatively high position later in the second quarter.Quarterly reports show that the fund’s stock position at the end of June has been raised to 79.96%.  Tianhong Yongding Value Growth Fund stock positions at the end of the second quarter 91.40%, compared with the increase of more than 10 percentage points at the end of the first quarter, Xiao Zhigang, director of equity investment at Tianhong Fund, said that the unilateral rise in the market in the first quarter has brought a large net value rebound to the portfolio, but given the lack of rise in long-term valuationFoundation, while corporate efficiency is still bottoming out, so the second quarter remains cautious.  Qu Yang, manager of the comparative advantage fund of Qianhai’s open-source country with a leading performance this year, also mentioned when reviewing the operation in the second quarter that the fund maintained a high position, focusing on the allocation of competitive advantages in the pharmaceutical, consumer, new energy, agricultural and other industries.Company stock.  Rongtong Fund Investment Director Zou Xi’s Rongtong Leading Growth Fund continued to maintain 94 in the second quarter.With a high position of 06%, he said that in the second quarter, he had considered the impact of random events on the portfolio in the second quarter, style and large-scale assets were neutrally followed, focusing on industry comparison, and screening consumer goods and investment goods to benefit from the long-term economic revaluation of stocks.Structured species whose valuation hub is expected to continue to improve.  For the future layout, star fund managers do this: Fu Pengbo, vice president of Ruiyuan Fund and mixed fund manager of Ruiyuan Growth Value: Fu Pengbo said that in the construction of the portfolio, the relative timing is dilute, and the focus is on optimizing the position structure. Taking into account the impact of trade frictionAfter the factors such as the possible business difficulties faced by external-demand companies and the impact of the industry under the trend of slowing economic growth, the fund chooses the direction of industries such as advanced manufacturing, medical health, and food consumption, and selects industries that are competitive.Leading company.It is preferred to represent high-quality enterprises in domestic sub-sectors, and their core competitiveness can help companies to some extent withstand fluctuations in the economic cycle and uncertainty in external demand.Looking for good long-term investment opportunities in the future.  The quarterly report shows that the Ruiyuan Growth Value Mixed Fund focused on the allocation of high-quality white horse stocks such as Lixun Precision, Kelun Pharmaceutical and Oriental Yuhong in the second quarter. Among them, Lixun Precision, Longji shares, Wanhua Chemical and other stocks have been Fu Pengbo as the fund.Individual stocks held for a long period by the manager.  The prospectus of Ruiyuan Growth Value Mixed Fund stipulates that the proportion of stocks invested in the Hong Kong Stock Connect Standard may account for 0-50% of the stock investment proportion.Since its establishment, Ruiyuan Growth Value has also actively sought investment targets in the Hong Kong stock market.In addition to everyone familiar with Tencent Holdings, H & H International Holdings in Hong Kong stocks has also entered its heavy storage list.  Data show that the largest shareholder of the listed company “H & H International Holdings” is Biostime Pharmaceuticals (China Co., Ltd.).Biostime Co., Ltd. was established in 1999 and is the capital of Guangzhou. At first, it was only engaged in the business of probiotic products. The company was listed on the Hong Kong Stock Exchange in 2010.Biostime has acquired an 83% controlling stake in Australian health products giant Swisse. The company’s business landscape has also changed, and it has expanded from infant and child nutrition and care to home nutrition and care.In order to better reflect the equal importance of the two business segments of infant nutrition and care products and adult nutrition and care products, the group made a decision to change its name and officially changed its name to H & H International Holdings Limited in June 2017.The stock name was changed from Biostime to H & H International Holdings.  In addition, Ruiyuan’s growth value is also buying national porcelain materials in the bulk trading market.  Shi Bo, deputy general manager and chief investment officer (equity) of China Southern Fund, said: Shi Bo pointed out that future investment opportunities come from three aspects: type one, valuation revaluation (with foreign capital plus Chinese assets, short-term economic good quality asset valuation is better)Constantly re-evaluating; some high-quality assets with poor economic conditions are expected to re-evaluate as the future economic situation improves; Type II, the prosperity of subdivided areas continues to rise (for example: photovoltaics, pig cycle, 5G, medicine and other fields); Type 3: Early cycle (for example: automobile, real estate, home appliances, etc.) Southern Ruihe added four stocks of Watson Bio, Wuliangye, New Media, and Yuyue Medical in the second quarter.  Qiu Jie, Managing Director of Qianhai Kaiyuan, and selected fund manager of Qianhai Kaiyuan’s refinancing theme: Qiu Jie revealed in the quarterly report that the Fund made certain adjustments to its positions 深圳丝袜会所 in the second quarter and increased its holdings in the consumer and non-ferrous industries.  Compared with the first quarterly report, the top ten heavy storage stocks of Qianhai Kaiyuan’s refinancing theme have newly entered four stocks of Changan Automobile, Gree Electric, Yanghe Stock, and Shandong Gold.The top ten heavy stocks, and also reduced the holdings of Huatai Securities.  Mo Haibo, director of the investment research department of Wanjia Fund and manager of Wanjia Ruixing Fund: I suggest blue chip + growth as the configuration direction.Among blue-chip companies, real estate and its industrial chain with sufficient risk release in the second quarter are more valued, such as building materials, home appliances, furniture and other sectors.As the backbone of the national economy, these have a very large resilience, 武汉夜网论坛 and there is room for better valuation repair in the future.In the growth sector, due to the impairment of the small and medium-sized board and the goodwill of the GEM in the fourth quarter of last year, bottoming out profits, the fourth quarter of this year is expected to be a definite improvement, and improve the business environment of private enterprises, solve pledged blasting positions, and let the policy target small and medium-sized boardsGEM will continue to benefit, so after the index bottoms out, the small and medium-sized tickets will bottom out earlier than the main board. Among them, there are fundamentals to support, and the bull market will begin to grow.Continue to be optimistic about independent and controllable technology companies, including computers, semiconductors, and new energy vehicles.  The top ten heavy storage stocks of Wanjia Ruixing have not changed much. When they newly entered Jindi Group, Sunshine became two stocks.  Zou Xi, director of equity investment of Rongtong Fund and manager of prosperity fund of Rongtong industry: In the second quarter, the fund’s stock positions continued to remain high, the portfolio structure was relatively balanced, and the consumption growth segment and the cyclical investment product segment were balanced.During the quarter, minor adjustments were made to the industry configuration, increasing the configuration of electronics, machinery and other industries, and reducing the configuration of home appliances, household and other industries.In the second quarter, the excess income of the industry boom fund mainly came from high-quality stocks, and the industry allocation did not achieve excess income.  The Rongtong Industry Prosperity Fund increased its holdings of several affiliated heavy stocks in the second quarter.  Fu Juan, Investment Director of Agricultural Bank of China and Manager of Consumer Themed Fund of Agricultural Bank of China: As far as the stock market is concerned, the government’s emphasis on the stock market has increased significantly.Continue.The short-term renewal of foreign countries does not change the incremental capital allocation requirements brought about by the weight increase of A shares in MSCI.Therefore, we should not be too pessimistic about the market’s medium-term trend. Stocks with obvious long-term competitive advantages may be a good opportunity to open positions.  5 new stocks including Xinhecheng and Xinchengcheng in the second quarter.  Xiao Zhigang, director of Tianhong Fund’s equity investment and manager of Tianhong Yongding Value Growth Mixed Fund: Passenger car sales in May 2019 have gradually declined17.37%, the gradual downward trend has continued for a year, and various stimulus policies have been introduced in various places, but the substantial improvement in sales is still not visible.Looking deeper, the use of temporary space constraints for automobiles may actually begin to become a substantial obstacle to automobile purchase. Future investment and stock selection will focus on avoiding industries that will be significantly constrained by physical space.  Tianhong Yongding Value Growth Mixed Fund, the top ten heavy stocks in the second quarter, Zhongxin bought Zhenjiang shares.  Li Huasong, Managing Director of Ping An Fund Equity Investment Center and Fund Manager of Ping An Transformation Innovation Fund: In the face of market changes, we calmly respond to the long-term and in-depth research. We believe that the mid-term and long-term trends of the Chinese economy and a stock market coexist.There has been no change, and the new round of technological innovation cycles represented by new energy, 5G, artificial intelligence, and IOT has not changed, and external factors will speed up the process instead.  In the second quarter, the Ping An Transformation Innovation Fund entered a number of heavy stocks including Guizhou Maotai.

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