The positions of new funds generally reflect the opinions of institutes over future market conditions. SSN’s statistics show that many new funds recorded outstanding performance in the second half. Some funds even recorded revenue of 16 percent. Meanwhile, many funds saw their performance reaching or exceeding the growth of relevant indices. Signs show that new funds are speeding up in building positions with high proportion.
High position increase in the fourth quarter
Statistics show that 153 active stock-leaning funds have been established since the second half, 140 of which recorded positive revenue, accounting for over 90 percent. It shows that new funds are eager to build positions and prepare for investing in the stock market.
Many funds recorded outstanding performance. Bosera strategic emerging industry mixed fund and Guotai intelligent vehicle stock fund recorded a return of 6.8 percent and 6.4 percent since their establishment in August. Guodu consumption upgrading mixed funs saw an increase of 5.06 percent since its establishment in July. Bosera emerging consumption theme fund and Guotai intelligent equipment fund hiked 10.01 percent and 16 percent since their establishment in June.
Most of the above fund outperformed relevant indices. Bosera strategic emerging industry mixed fund chose the CSI emerging industry index as the benchmark, which hiked 3.67 percent since one month after the establishment of the fund. It is lower than 6.8 percent return of the fund.
Guotai intelligent vehicle stock fund chose the CSI new energy vehicle index as the benchmark, which hiked 6.04 percent since one month after the establishment of the fund. It is lower than 6.4 percent return of the fund. The return rate of Bosera emerging consumption theme fund is also significantly higher than that of Shenwan consumption industry index.
Insiders indicated that the outstanding performance shows that new funds are speeding up in building higher positions. For funds established in July and August, they will complete positions building in the end of the third quarter. It means that they will be prepared for the market in the fourth quarter.
Keep close eye on intelligent manufacturing and new consumption
Which sub-sectors did new funds invest?
Unlike old funds, most new funds did not disclose their underlying stocks. But based on the names of these funds, it can be roughly judged that they have heavy holdings in strategic emerging industries, emerging consumption, smart cars.
The reporter learnt that Bosera strategic emerging industry mixed fund mainly invested in stocks in relation to “Made in China 2025” strategy, represented by those engaged in intelligent manufacturing, new generation Internet technology as well as stocks dominated by new consumption model, represented by those engaged in online tourism and online education. Guotai intelligent vehicle stock fund is optimistic about the long-term prospect of automotive electronics, new energy vehicle, Internet of vehicle, driverless cars and smart car services.
In addition, Bosera emerging consumption theme fund is bullish on three types of consumption companies:
First are stocks that benefit from brand premium, such as well-performing historical brand companies, new brand companies that transform from B2B to B2C and Internet brand companies.
Second are stocks that benefit from the improvement of living standards, including companies engaged in leisure, elderly care, health care, medical cosmetology and educational training.
Third are stocks that benefit from new consumption, including e-commerce and Internet finance companies that improve the efficiency of the society.
An industry insider said that based on the country’s strategies and economic environment, these industries are basically the future’s development direction as well as major underlying sectors of fund managers for the fourth quarter. For example, a number of fund managers said in interview with the SSN that they remain bullish about the consumption industry for the fourth quarter, and will make layout based on clues shown on the third quarterly reports. Among them, the third quarterly results of the consumption sector represented by food and beverage are worth expectation.
(Translated by Star Zhang, Coral Zhong)
High position increase in the fourth quarter
Statistics show that 153 active stock-leaning funds have been established since the second half, 140 of which recorded positive revenue, accounting for over 90 percent. It shows that new funds are eager to build positions and prepare for investing in the stock market.
Many funds recorded outstanding performance. Bosera strategic emerging industry mixed fund and Guotai intelligent vehicle stock fund recorded a return of 6.8 percent and 6.4 percent since their establishment in August. Guodu consumption upgrading mixed funs saw an increase of 5.06 percent since its establishment in July. Bosera emerging consumption theme fund and Guotai intelligent equipment fund hiked 10.01 percent and 16 percent since their establishment in June.
Most of the above fund outperformed relevant indices. Bosera strategic emerging industry mixed fund chose the CSI emerging industry index as the benchmark, which hiked 3.67 percent since one month after the establishment of the fund. It is lower than 6.8 percent return of the fund.
Guotai intelligent vehicle stock fund chose the CSI new energy vehicle index as the benchmark, which hiked 6.04 percent since one month after the establishment of the fund. It is lower than 6.4 percent return of the fund. The return rate of Bosera emerging consumption theme fund is also significantly higher than that of Shenwan consumption industry index.
Insiders indicated that the outstanding performance shows that new funds are speeding up in building higher positions. For funds established in July and August, they will complete positions building in the end of the third quarter. It means that they will be prepared for the market in the fourth quarter.
Keep close eye on intelligent manufacturing and new consumption
Which sub-sectors did new funds invest?
Unlike old funds, most new funds did not disclose their underlying stocks. But based on the names of these funds, it can be roughly judged that they have heavy holdings in strategic emerging industries, emerging consumption, smart cars.
The reporter learnt that Bosera strategic emerging industry mixed fund mainly invested in stocks in relation to “Made in China 2025” strategy, represented by those engaged in intelligent manufacturing, new generation Internet technology as well as stocks dominated by new consumption model, represented by those engaged in online tourism and online education. Guotai intelligent vehicle stock fund is optimistic about the long-term prospect of automotive electronics, new energy vehicle, Internet of vehicle, driverless cars and smart car services.
In addition, Bosera emerging consumption theme fund is bullish on three types of consumption companies:
First are stocks that benefit from brand premium, such as well-performing historical brand companies, new brand companies that transform from B2B to B2C and Internet brand companies.
Second are stocks that benefit from the improvement of living standards, including companies engaged in leisure, elderly care, health care, medical cosmetology and educational training.
Third are stocks that benefit from new consumption, including e-commerce and Internet finance companies that improve the efficiency of the society.
An industry insider said that based on the country’s strategies and economic environment, these industries are basically the future’s development direction as well as major underlying sectors of fund managers for the fourth quarter. For example, a number of fund managers said in interview with the SSN that they remain bullish about the consumption industry for the fourth quarter, and will make layout based on clues shown on the third quarterly reports. Among them, the third quarterly results of the consumption sector represented by food and beverage are worth expectation.
(Translated by Star Zhang, Coral Zhong)
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