BOCOM consumer new driving stocks; GF brand consumer stocks; China Thailand Securities Food and Beverage; China Merchants Securities Liquor Index; Harvest Consumer Select Stocks (6604); China-Europe Quality Consumer Stocks (5620); Yinhua Consumption themes are mixed; Shenwan Lingxin consumption growth; Central European quality consumer stocks (5621); Harvest consumer selected stocks (6605).

1. While the issuance of new funds has begun to pick up, some old funds under public offerings have also implemented "secondary offerings" to "add fire" to fund sales. But he also said, “With the increase in the number of funds, the management costs of fund companies are also rising. For fund companies, promoting scale growth through secondary initial offerings may be more sustainable and is likely to become mainstream in the future. "The idea of ????supply-side reform has been established. It will no longer emphasize consumption stimulus policies on the demand side as in the past, but will pay more attention to the supply of new consumption models and the improvement of the consumption environment. Smart consumption, green consumption, healthy consumption and safe consumption have been focused on cultivating. Since August, the market has corrected most of the time. Although the market has been changing, there are still hot spots, and large consumption, which represents the internal cycle, has been relatively strong. Judging from the fund income rankings in the past three years, there are three consumer funds at the front, namely China-Europe Consumer Theme Stock A (002621), which is ranked 14th, Huaan Ecological Priority Hybrid (000294), which is ranked 22nd, and Huaan Ecological Priority Hybrid (000294), which is ranked 22nd. China Universal Consumer Industry Mix ranks 23rd.

2. Regarding the ranking of funds, Mr. Hu Xinwei has done quite a lot of research. He has relevant business qualifications and securities investment fund practitioner qualifications. Industry experience: Joined China Universal Fund as an industry analyst in 2011. From April 8, 2016 to present, he served as the fund manager of China Universal Consumer Industry Mixed Fund. From July 28, 2017 to August 28, 2019, he served as the fund manager of Tianfu Tianfu Jixiang Mixed Fund. From September 20, 2017 to 2019 On August 28, 2018, he served as the fund manager of Tianfu Yingrun Hybrid Fund. From January 19, 2018 to the present, he served as the fund manager of Tianfu Value Creation Custom Open Hybrid Fund. From September 21, 2018 to June 30, 2020, he served as the fund manager of Tianfu Global Consumption Mixed Fund ( The fund manager of QDII), has been the fund manager of Tianfu Consumer Upgrade Hybrid Fund since December 21, 2018, and has been the fund manager of Tianfu Min’an Gain Fixed Opening Hybrid Fund since September 17, 2019. On November 5, 2019, he was appointed as the fund manager of China Universal Steady Growth Hybrid Securities Investment Fund. On July 8, 2020, he served as the fund manager of China Universal Mid-Cap Value Select Hybrid Securities Investment Fund.

3. Historical trend of consumer funds Judging from the trends of the three funds in the past three years, before February 2020, China Universal’s consumer income was basically the highest, followed by Central and European Consumption. After February 5, 2020, dramatic changes occurred. Consumption in China and Europe has continued to rise sharply, while China Universal's consumption has gradually lagged behind Huaan Eco-Select. For example, the first wholly foreign-owned securities company and the first three wholly foreign-owned public fund companies have successively entered the market. Established in Shanghai. Internationally renowned investment banks and wealth management institutions such as JPMorgan Chase, Nomura, DBS, and BlackRock have all settled in Shanghai. Currently, there are 36 wholly foreign-owned and joint venture securities and futures operating institutions in Shanghai, accounting for about half of the country's total.

Must-have consumption is the main force of consumption. During this period of liquor correction, we discovered that optional consumption has also suddenly emerged, and we must pay attention to it. In terms of allocation of consumer funds, in order to achieve a balanced mix, both consumption and optional consumption must be addressed.