◎ reporter Zhu Yan
With the Fund's Quarterly reportPokernodepositbonusDisclosure ofPokernodepositbonusThe latest operation ideas of fund managers have surfaced. Judging from the latest positions of the fund, some products seize the opportunity to invest in value stocks, paying particular attention to the high dividends and resources sectors that are in the hot tuyere.
Fund quarterly report shows that a number of funds maintain a high level of equity positions and pay more attention to investment opportunities in high dividends and resource sectors.
For example, the value of Zhong Geng Port Stock Connect managed by Qiu Dongrong has been closed for 18 months. By the end of the first quarter, its equity positions remained nearly full, and the equity positions such as medium Geng value pilot and medium Geng small-cap value were also more than 90%. Similarly, the position of CEIBS Jinquan rights and interests reached 91Pokernodepositbonus.5%, the vanguard position of Zhonggeng value reaches 94%.Pokernodepositbonus.21%, the equity positions of CEIBS dividend Premium, CIC UBS Advanced Manufacturing and CIC UBS New Energy are all more than 90%.
Looking to the future, Qiu Dongrong believes that the adjustment of equity assets is long enough, the range is large enough, the valuation level is low and the risk compensation is high, so they are the most risk-worthy assets.
Specific to the investment direction, a number of funds are optimistic about the recent hot tuyere dividends, high dividends and investment opportunities in the resource sector.
For example, Lan Xiaokang, a manager of China Europe Rong Heng Fund, said that he maintained a relatively optimistic judgment on this year's market, optimistic about dividend and resource stocks, and increased attention to state-owned enterprises. Specific to the industry, he is optimistic about the investment opportunities of excellent companies in non-ferrous metals, machinery, coal, petroleum and petrochemical, transportation, construction, banking, non-bank, steel, tourism, catering, media and other industries.
Qiu Dongrong also said in the first quarterly report that he is optimistic about value stocks with shrinking or rigid supply end and high growth or profit flexibility. The main industries include resource companies represented by basic metals, energy transport companies and real estate companies.
From the perspective of market performance, indexes such as coal, petroleum and petrochemical, and non-ferrous metals are in the forefront of the Shenxian industry index, rising by more than 17%, 13% and 10% respectively so far this year, and the dividend index of the China Securities Exchange has also risen by more than 12%.
However, Mr Yau also suggested that the stability of the high dividend strategy would be affected by a number of factors. Investors like to strengthen their success strategies and prefer linear trading to the accumulation of real risks. High dividend strategy long-term return is partial to beta, and is not a low-risk strategy, investment is more important to look at fundamentals and pricing. " Qiu Dongrong said.
Some fund companies believe that value style may be dominant in the short term, while balance may be maintained in the medium term. Golden Eagle Fund said that at present, we can focus on the direction of performance support, including pro-cyclical varieties with the potential for valuation and repair, high dividends and blue chips with market value such as medium headlines.
With regard to investment opportunities in the technology growth sector, the Golden Eagle Fund believes that most technology themes may still face performance challenges. To capture the more deterministic investment opportunities in this sector, we will have to wait for the end of the earnings disclosure period and guidance on demand planning for overseas technology giants next year. At that time, the confidence of the A-share market in the development trend of the technology industry is expected to further boost.
