On December 22, Yang Jianhua, deputy general manager and investment director of Great Wall Fund, pointed out that since this year, core assets have undergone significant adjustments to varying degrees and have digested some valuation risks. At present, consumption, medicine and other value sectors are gradually coming out of the expected bottom, which is expected to usher in valuation repair opportunities and highlight the cost performance of allocation. In order to lay out the cross year market, the Great Wall value pilot hybrid securities investment fund (Class A: 013387; class C: 013388), a fund managed by Yang Jianhua, is being issued.
Yang Jianhua has 21 years of securities experience and 17 years of public fund investment management experience. He is one of the longest serving public fund managers in the industry. He is now the deputy general manager and investment director of Great Wall Fund. In Yang Jianhua's more than 20 years of investment and research, the concept of adhering to value investment and making money for enterprise growth has always run through it. The regular report of the fund shows that as of September 30, 2021, the income of the Great Wall brand optimization fund managed by Yang Jianhua has doubled in recent three years, the net value has increased by 117.10%, and the performance comparison benchmark in the same period is only 34.34%. The excess return of the fund is significant.
From the perspective of medium and long-term investment, Yang Jianhua said that at present, China's economy is in the transformation stage from high-speed growth to high-quality development. Paying attention to growth quality and tracking the change trend of large industrial policies are the main melody of the times that we can grasp, and we are firmly optimistic about the two themes of consumption upgrading and manufacturing upgrading.
"Consumption upgrading is the core logic for us to be optimistic about the consumption sector for a long time in the future. At present, consumption has a certain investment cost performance. In terms of manufacturing upgrading, the problem of independent development in high-tech and other fields needs to be solved urgently. In this process, many great companies will be born and provide high-quality targets for equity investment." Yang Jianhua said.
Yang Jianhua said that the new fund will adhere to the value investment concept in its investment strategy, select individual stocks through the five dimensions of business model, financial indicators, management, industry advantages and valuation level, buy good companies at good prices, and optimize the allocation of investment portfolio taking into account macroeconomic trends and changes in industry prosperity. In terms of investment scope, the fund will focus on investment opportunities in gold tracks such as consumption and medicine, and timely participate in diamond track opportunities such as high-end manufacturing and new energy, so as to tap high-cost stocks with low valuation and hold them for a long time.
(China Securities Journal · China Securities Network)
