The first quarterly report of public funds is being disclosed one after another. After the shock adjustment in the first quarter, great changes have taken place in the investment layout of many fund products, and even half of the top ten heavy positions of fund products have been changed. In addition, in the first quarterly report of the fund, fund managers also gave judgments in the face of the rapidly changing market, and even appeared many golden sentences.
stock based champion quick position building
Recently, HSBC Jinxin Fund released the first quarterly report of some of its fund products. Among them, the latest positions of Lu Bin, the 2020 stock based champion, assistant general manager of HSBC Jinxin fund, investment director and director of stock research department, surfaced. According to the announcement, the overall stock position of the fund products managed by Lu Bin did not change much. However, the new product managed by Lu Bin, the selected hybrid of HSBC Jinxin research, quickly established its position in the first quarter, and the dynamic strategy hybrid of HSBC Jinxin managed by Lu Bin made a big adjustment to the top ten heavy positions in the first quarter.
Specifically, the stock position of HSBC Jinxin core growth hybrid managed by Lu Bin was 91.65% at the end of the first quarter, and 93.99% at the end of 2021. It is found that the fund’s stock position decreased slightly in the first quarter. Among the top ten heavy positions, Shenzhen Everwin Precision Technology Co.Ltd(300115) withdrew from the list, and Zhejiang Huayou Cobalt Co.Ltd(603799) newly entered the top ten heavy positions. HSBC Jinxin low-carbon Pioneer stock, also managed by Lu Bin, had a stock position of 92.45% at the end of the first quarter and 93.18% at the end of 2021. It is found that Ping An Insurance (Group) Company Of China Ltd(601318) withdrew from the top ten heavyweight stocks and Guanghui Energy Co.Ltd(600256) entered the top ten heavyweight stocks in the first quarter.
The dynamic strategy of HSBC Jinxin managed by Lu Bin was mixed, and the position layout in the first quarter was greatly changed. At the end of the first quarter, the stock position of the fund was 91.60%, and at the end of 2021, the stock position of the fund was 90.98%. In the first quarter of the first quarter, it is found by contrast that in contrast to the contrast, the contrast found that in the first quarter of the quarter, the ‘ Zhejiang Hangke Technology Incorporated Company(688006) Asymchem Laboratories (Tianjin) Co.Ltd(002821) is the new top ten heavyweight stocks.
In addition, HSBC Jinxin research, a new fund managed by Lu Bin, quickly established its position in the first quarter. At the end of the first quarter, the stock position of the fund was 87.81%. The fund was newly established on January 21.
ten billion fund managers’ position transfer and share exchange
In addition to HSBC Jinxin fund, there are also institutions such as Zhonggeng fund, SDIC UBS fund and GF asset management to release the first quarterly report of their fund products. For example, on April 19, the fund products managed by Shi Cheng, a fund manager with a management scale of over 10 billion yuan under SDIC UBS fund, released the first quarterly report.
According to the announcement, the stock position of SDIC UBS new energy hybrid managed by Shi Cheng was 89.04% at the end of the first quarter and 92.83% at the end of 2021. The top ten heavyweight stocks of the fund are Tianqi Lithium Corporation(002466) , Jiangxi Special Electric Motor Co.Ltd(002176) , Yongxing Special Materials Technology Co.Ltd(002756) , Youngy Co.Ltd(002192) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Qinghai Salt Lake Industry Co.Ltd(000792) , Chengxin Lithium Group Co.Ltd(002240) , Dongyue Group, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , and Zangger mining. It is found that in the first quarter, Zhejiang Huayou Cobalt Co.Ltd(603799) , zangge mining entered the top ten heavyweight stocks, and Hoshine Silicon Industry Co.Ltd(603260) , Tibet Mineral Development Co.Ltd(000762) withdrew from the top ten heavyweight stocks.
Similarly, SDIC UBS Jinbao, which is also managed by Shi Cheng, flexibly allocated a mixed stock position of 91.00% at the end of the first quarter, and the fund’s stock position was 92.07% at the end of last year; In the first quarter of this year, Keda Industrial Group Co.Ltd(600499) , Zangger mining, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Zhejiang Huayou Cobalt Co.Ltd(603799) newly entered the top ten heavyweight stocks, Hoshine Silicon Industry Co.Ltd(603260) , Tibet Mineral Development Co.Ltd(000762) , Chengxin Lithium Group Co.Ltd(002240) , Lecron Industrial Development Group Co.Ltd(300343) . The stock position of SDIC UBS at the end of the first quarter was 91.05%, and the stock position of the fund was 92.22% at the end of last year Keda Industrial Group Co.Ltd(600499) , Qinghai Salt Lake Industry Co.Ltd(000792) , new top ten heavy warehouse stocks of Zangger mining, Hoshine Silicon Industry Co.Ltd(603260) , Tibet Mineral Development Co.Ltd(000762) , Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) withdrew from the list of top ten heavy warehouse stocks in the first quarter. The stock position of SDIC UBS advanced manufacturing hybrid at the end of the first quarter was 91.15%, and the stock position of the fund was 92.57% at the end of 2021; The comparison shows that Zhejiang Huayou Cobalt Co.Ltd(603799) , China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Zhejiang Xinan Chemical Indusyrial Group Co.Ltd(600596) newly entered the top ten heavyweight stocks, Hoshine Silicon Industry Co.Ltd(603260) , Tibet Mineral Development Co.Ltd(000762) , Crystal Clear Electronic Material Co.Ltd(300655) withdrew from the list.
Overall, the stock positions of fund products managed by Shi Cheng have decreased. In terms of heavy position stocks, Tibet Mineral Development Co.Ltd(000762) , Hoshine Silicon Industry Co.Ltd(603260) etc. have become the key targets of reducing positions, while Zangger mining, Keda Industrial Group Co.Ltd(600499) etc. have become the targets of increasing positions.
For the future, Shi Cheng said: “the first quarter is the beginning of the whole year, and it is just the beginning. Although there are great differences in the rise and fall of different sectors at present, and the performance of emerging industries is not good, we still believe that the future belongs to a growing industry. Only the long-term growth of the industry will bring long-term return on investment.”
golden sentences express confidence
In the first quarterly report of the fund, fund managers also use their own golden sentences to express their confidence in the market.
Lu Bin said, “during the special period of the epidemic in Shanghai, the words of the colleagues stationed on the blackboard of HSBC Jinxin Investment Department moved me very much, and also reflected the spirit and determination of HSBC Jinxin investment team, so as to encourage ‘kill the virus, beat the market’.”
Lu Bin said that short-term risk events have limited impact on the long-term value of the A-share market. Therefore, under the background that the fundamentals are still good, when the market fluctuates violently in the short term, taking the risk actively may be a better choice than avoiding the risk. From the perspective of one or two years, the implied return of many stocks has been very attractive. In the future, we will focus on three types of investment opportunities: first, industries related to resources and energy and benefiting from the continuous rise of commodity prices; Second, industries with relatively definite needs such as medicine and new energy vehicles; Third, Internet, computer, media and other industries.
In addition, with the disclosure of the performance of Listed Companies in the first quarter, fund institutions have strengthened their efforts to tap market opportunities from the perspective of performance.
Furong Fund said that the next two weeks will be the intensive disclosure period of the annual report and the first quarterly report. On the whole, due to the epidemic and the rise in the price of upstream raw materials, there is a certain downward pressure on the performance of middle and downstream companies. The short-term market is still expected to be dominated by shocks. Structurally, it is suggested to make a relatively balanced layout and gradually transfer to growth stocks. Pay attention to the growth track, such as semiconductor, photovoltaic, pharmaceutical and other stocks with better than expected performance, and pay attention to the real estate chain and new and old infrastructure sectors based on the expectation of fiscal policy.
