On April 22, Jingshun great wall growth leading one-year holding hybrid securities investment fund (hereinafter referred to as “Jingshun great wall growth leading hybrid fund”) released its first report in 2022. Yang Ruiwen, the fund manager of the fund and the executive director of the stock investment department of Jingshun Great Wall Fund, said that in the future, he will continue to invest in emerging industrial enterprises with bright prospects and grow with them. In the subsequent layout of science and technology stocks, it will focus on the direction represented by semiconductors, new materials, software, etc.
Yang Ruiwen said that in the first quarter, the fund’s holdings were still dominated by growth stocks, recording the largest single quarter pullback since its establishment. He was deeply sorry for this. At present, we should resist our inner fear and examine the internal logic of our own portfolio. In the future, we will continue to invest in emerging industrial enterprises with bright prospects and grow with them. The winners in the future must be enterprises with continuous high-intensity investment. Although these enterprises are not necessarily the current focus, they can only exchange accumulation for long-term development.
In terms of investment opportunities, Yang Ruiwen said that the market cycle category will be dominant in the first half of the year, and the science and technology growth category will be dominant in the second half of the year. Resource stocks represented by nonferrous metals and coal and steady growth stocks represented by real estate and infrastructure are the main investment axis in the first half of the year, which is also fully reflected in the market in the first quarter. With the repair of market risk appetite, there will be opportunities for valuation repair in the science and technology growth sector. For these opportunities, the market overestimates the short-term risks and underestimates the long-term space and opportunities. Therefore, the layout is still dominated by scientific and technological growth, and the leading direction will be represented by semiconductors, new materials, software, etc.
According to the first quarterly report, as of the end of the first quarter, the stock assets held by the fund were 6.095 billion yuan, accounting for 87.37% of the total assets of the fund. The top ten heavyweight stocks are Beijing Roborock Technology Co.Ltd(688169) , Hangzhou Silan Microelectronics Co.Ltd(600460) , Guangzhou Shiyuan Electronic Technology Company Limited(002841) , S.F.Holding Co.Ltd(002352) , Raytron Technology Co.Ltd(688002) , meituan-w, No. 9 company, Wingtech Technology Co.Ltd(600745) , Jiangsu Cnano Technology Co.Ltd(688116) , Amlogic (Shanghai) Co.Ltd(688099) . Among them, meituan-w, No. 9 company, Jiangsu Cnano Technology Co.Ltd(688116) , Amlogic (Shanghai) Co.Ltd(688099) are new developments in the first quarter.
