China Economic Weekly - Economic Network News (Reporter Sun Tingyang) Fund has cooled in 2021. Investing in the active management fund of the stock market and bond market (excluding QDII), there are 920 return rates, of which 239 lose more than 10%, including Fang Zhengfu's innovation power, Huiji Fu Huang, a large value, etc. 31 The fund is more than 20%, and there are more than 25% loss.

Source: Wind

Refer to the Fund's recent 4 quarter report, can know the fund's shareholding, the operation of the bottom fund is "faint".

Fang Zhengfu's innovation power loss 32.3%, countdown first. At the beginning of 2021, this fund has two fund managers. One is Li Changqiao. He is the president of Fang Zhengfu, director of the Investment Decision Committee, and is part of the General Manager of the International Investment Department. Another is Wu Hao, he is the general manager of Fang Zhengfang Index Investment Department.

Fang Zhengfu's innovation motivation has frequently got the bear stock in each quarter.

For example, Fang Zhengfu Innovation Power held in the western superconducting, Hengrui, which was held in the first quarter of 2021, fell 36%, 17% in the first quarter. In the second quarter, Gree Electric, SF Holdings, fell 17%, 16%, respectively. The Jinshan Office held in the third quarter, Gree electrical appliance fell 28%, 21%, respectively. The Oriental Shenghong held in the fourth quarter, the stock price fell by 31% in the quarter.

Li Changqiao no longer served as a manager of this fund on November 19, 2021, and Wu Hao resigned on December 30, 2021, since then, from the new fund manager to manage.

There are two funds in Huiji Fu to over 25%, respectively, and the value of Huihua is deeply worth the value, and the depth advantage of Huihua Harbor is 27.52%, 26.11%. These two funds are managed by Chen Jianzhen.

It can also be investing in Shanghai, Shenzhen, Hong Kong stock market funds, usually known as the Shanghai Harbor Fund. To manage this type of fund, the fund manager is required to judge the strength of the mainland and the Hong Kong market, and the warehouse is heavy in the market, the light warehouse or even the warehouse. If the fund manager judges the mistake, the market will be difficult to see.

A shares have been weak in 2021, Hong Kong stocks, and the Hang Seng Index fell 14% year.

Chen Jianwei will retain two funds in the Hong Kong stock market in 2021. Head-rich Shanghai-Hong Kong-Harbor Advantage is 96.7% in the beginning of 2021. At the end of 2021, the Hong Kong stock position is 94.54%, 94.77%, 93.78%, 88.7%, and the arithmetic mean is 93.7%, at 97 Shanghai and Hong Kong deep funds, high home first.

Huiji Fu Shanghai Harbor depths a big value for a little bit, ranking second. In early 2021, the fund held a Hong Kong stock position of 91.03%, and the Hong Kong stock position at the end of 2021 was 91.08%, 91.77%, 92.67%, 89.33%, and the arithmetic average was 91.18%.

The same is the Shanghai Harbor, the Shenzhen-Hong Kong-Harbor Wisdom Life has no investment in Hong Kong stocks in 2021. At the beginning of the year, the Hong Kong stock position is zero, the fund is 9.92%. Baoying National Security Strategy Shanghai Harbor depth A held a Hong Kong stock position 11.74% in Juitine 2021, which was air in the 3 quarters, and the yield of 2021 was 64.84%.

In addition to the heavy warehouse, Hui Fu, Shanghai Harbor, the value of the Shanghai Harbor, and the selection of heavy warehouse stocks in Shanghai, the selection of heavy warehouse stocks are also changing.

Huiji Fu Shanghai Harbor depths the value of the market and the depth advantage of the Huihua Harbor, these two fund investment goals and strategies are not the same. The value of Huiji Fu Shanghai and Hong Kong is the "selection value is underestimated, and the large-scale value stock" that has long-term stable growth capacity is "excavated high-quality market value stock." The depth advantage of Huiji Fu Shanghai Port is "Basic analysis as a foothold, under the premise of scientific management risks, select high-quality stock" "Mining stock market with core competitive advantage and long-term continuous growth mode listed companies ".

However, the two funds were completely coincident at the end of the 4th quarter of 2020, and 10 heavy warehouse stocks in July 2021 were successful. In the first quarter of 2021, 8 were complicated. At the end of 2021, the last and 4 quarters There are 7 coincidence.

As with the aforementioned funds, the stocks held in the two funds have also maintained a huge fell in the stock.

Data Source: Oriental Wealth CHOICE

Two funds held Viya Biology (1873.HK) in the first quarter of 2021, and the stock price fell 27% in the first quarter.

In the 2 quarter of 2021, two funds held Shimao Group (0813.HK), and the stock price fell by 18% in the second quarter.

In the third quarter of 2021, two funds held Shimao Service (0873.HK), Qiu TiT (1478.HK), Shimao Group (0813.HK), Tencent Holdings (0700.HK), Yongda Cars (3669 .HK) and JS global life (1691.hk), which fell 40%, 30%, 21%, 21%, 19%, and 17%, respectively. In the first quarter, 6 bear stocks, Huiji Hui Harbor's deep advantage, the net value declined by 24.97%, and Huiji Fu Huang, the value of the market fell 19.51%.

In the fourth quarter of 2021, two funds held Shimao Service (0873.HK), Shimao Group (0813.HK), JS Global Life (1691.HK) and China Software International (0354.HK), falling in the quarter 66%, 64%, 27% and 26%.The base uses "feet" to vote, and the net value of the redemption should fall.Huiji Fu Shanghai Harbor depth a large value of 2021 has a net shrinkage of 475 million copies.The depth advantage of Hui Tianfu Shanghai Port is only opened once a year, and the net shrinkage is also reduced from 0.47 billion to 0.41 billion.The total number of Shanghai-Hong Kong-Shenzhen Fund has increased by 8.9 billion.