Since the beginning of 2022, A-Shares have continued the volatile market of last year. In the extreme differentiation of style and the rapid rotation of sectors, the investment difficulty has also increased significantly. In such a market environment, equity funds, which advocate medium and long-term rational investment, have also encountered phased market shocks in the short term, but in the medium and long term, they still create rich returns for investors.
Taking Penghua high-quality return two-year regular open fund as an example, according to the data of galaxy securities, as of February 18 this year, the cumulative net value growth rate of the fund since its establishment on February 28, 2020 has reached 29.35%, significantly outperforming the growth rate of CSI 300 index and performance comparison benchmark in the same period, and the annual net value growth rate during the period was 13.91%.
The Fund said in the four seasons report of 2021 that 2021 is undoubtedly a difficult year for the style of adhering to in-depth research, long-term shareholding, low turnover rate and valuing long-term value growth space. However, in the long-term chain of A-share market and even global equity investment, value investment is still the most effective and executable investment method verified for a long time. It is an investment idea that can create value for holders.
According to the shareholding of Penghua high-quality return fund disclosed in seven historical quarterly reports, Kweichow Moutai Co.Ltd(600519) , Anhui Gujing Distillery Company Limited(000596) , Aier Eye Hospital Group Co.Ltd(300015) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Wuliangye Yibin Co.Ltd(000858) , Betta Pharmaceuticals Co.Ltd(300558) and other six stocks have always occupied the top ten heavy positions. In the four seasons report of 2021, Byd Company Limited(002594) , Shunyu optical technology, Contemporary Amperex Technology Co.Limited(300750) and other new energy and technology stocks also ranked among the top ten heavyweight stocks of the fund for the first time.
It is worth mentioning that in order to further transmit the long-term value investment concept to the holders, Penghua high-quality return fund adopts the operation form of regular opening at the product operation level, although investors cannot redeem or convert the corresponding shares of the fund within the two-year closed operation cycle, However, the fund still has two incomparable advantages over ordinary open-end funds: for fund managers, weakening the liquidity impact caused by short-term market fluctuations is conducive to the implementation of fund managers’ medium and long-term investment strategies, selecting high-quality targets and striving to improve the winning probability of value investment strategies; For investors, strict discipline investment can improve the winning rate, avoid chasing up and killing down, cultivate the habit of long-term value investment and improve the experience of medium and long-term sustainable income.
