The debut fund is a stock fund, which shows that Nord Fund Management Company is well aware of the current market development of the basic market, the characteristics and strength of its own investment management team, and intends to cut into the market from the highest end of risk/return characteristics, so as to strive for better stock investment returns for investors under the better background of the basic market.
Part I Product Introduction
Fund Name: Nord Value Advantage Fund
Sales outlets: china galaxy Securities, etc.
Custody bank: China Construction Bank.
Issue date: April 6 to April 27, 2004.
Raising target: The Fund sets the raising target at an upper limit of RMB 8 billion (excluding interest). After the fund contract comes into effect, the fund size is not limited by the above-mentioned upper limit of raising scale. If the subscription application amount does not exceed 8 billion yuan (including 8 billion yuan) during the raising period, all valid subscription applications shall be confirmed. If the subscription amount exceeds 8 billion yuan during the raising period, the valid subscription application during the raising period will be partially confirmed according to the principle of "proportional placement", and the unconfirmed subscription funds will be returned to the investors.
Subscription rate:
Subscription amount interval
Subscription rate
Less than 500 thousand yuan
1.2%
More than 500,000 yuan and less than 5 million yuan.
1.0%
More than 5 million yuan (inclusive)
Each 1000 yuan
Redemption rate:
Holding time (n)
Redemption rate
N < 1 year
0.5%
1 year ≤ n < 2 years
0.25%
N≥2 years
Management ratio: 1.5%
Investment objective: The Fund pays attention to industries in the rising cycle, invests in listed companies with sustainable competitive advantages and growth potential, and shares the fruits of the rapid growth of China's economy and capital market. Based on the in-depth analysis of global economic growth, China's economic and industrial layout, the quality of listed companies, investment risks and other factors, under the premise of effectively controlling risks, we will create long-term stable returns for fund share holders that exceed the benchmark index.
Investment concept: The Fund adheres to and deepens the concept of value investment, attaches importance to the long-term development prospects of the industry, emphasizes in-depth research on the fundamentals of listed companies, and selects advantageous enterprises in advantageous industries. On the basis of fully tapping the investment value of enterprises, we will make medium and long-term investments. The Fund attaches importance to top-down logical sequencing, and grasps the changes of global and China macro-themes by studying the institutional, structural or cyclical development trends in the macro-economy, so as to understand the trend of industrial evolution in China and look for industries with good medium and long-term development trends. The fund manager believes that globalization, industrial deepening, urbanization and RMB appreciation will be the four major themes of China's economic growth in the future, and these four themes will be implemented in the study to establish the long-term growth points of advantageous industries. The Fund attaches importance to the combination of bottom-up research methods, and tries to select companies with solid business foundation, good profit model and good growth potential and value by establishing a good quantitative and qualitative screening system. For closely watched listed companies, the Fund pays special attention to on-the-spot investigation, understands managers at all levels, and visits customers, suppliers and competitors while in-depth examination of financial statements. In addition, it also pays attention to the appropriate matching of expected investment returns relative to investment risks.
Asset allocation ratio: stocks account for 60-95% of the fund's assets, bonds and other money market instruments account for 0-35% of the fund's assets, and cash with a maturity of not less than 5% of the fund's net asset value or government bonds within one year.
Investment strategy: does the fund fully learn from Nord? Lord Abbett's global effective investment ideas and technologies include rigorous investment management process, asset allocation technology, stock screening model, stock analysis system, portfolio allocation model and risk management model. According to the specific characteristics of China's capital market, he made corresponding adjustments and formed an investment strategy with local characteristics.
Asset allocation strategy: The Fund comprehensively considers macroeconomic factors, market factors, policy factors and micro factors, and finally realizes the proportion of stock assets in asset allocation. The Fund will regularly review and analyze the economic development of China and the world, make an expected judgment on the future economic operation trend, and comprehensively evaluate the impact of macroeconomic environment changes on the stock and bond markets. The fund will also examine the influence of national monetary policy, exchange rate policy and fiscal policy on the future securities market. From a micro perspective, the fund will track and analyze the prosperity of various industries, the industrial cycle in which they are located, the market development prospects, and the value creation in the industrial chain. And combine the investment theme of China's economic growth in the future to find industries with long-term competitive advantages. At the same time, the fund analyzes the core competitiveness of listed companies, including the quality of managers, marketing ability, technological innovation ability, proprietary technology, franchising, brands, important customers and so on. , comprehensive evaluation of the investment value of enterprises. Finally, the Fund combines the supply and demand of market funds to judge the impact of changes in monetary environment and market funds on the securities market.
Stock investment strategy: The Fund will pursue the "double-advantage" stock investment strategy, that is, the superior stocks in the superior industries are over-matched. Dominant companies in dominant industries will show sustained high growth and need to be given a higher valuation level. In the course of research, the Fund will rank various industries and score them from the aspects of cycle characteristics, growth potential, competitive advantage, industry organization characteristics, valuation level and investment risk, so as to find industries with obvious comparative advantages. For listed companies in the industry, the industry researchers of the Fund will conduct continuous follow-up research, and score from the aspects of management quality, business development model, financial quality, growth prospects, valuation level and liquidity, so as to find listed companies with obvious comparative advantages.
Time limit for opening positions: the fund manager shall, within 6 months from the effective date of the fund contract, make the investment portfolio ratio of the fund conform to the relevant provisions of the fund contract.
Performance benchmark: 80%× CSI 300( 3764.078, -94.44, -2.45%) index +20%× SSE government bond index.
Risk-return characteristics: this fund is a stock-based securities investment fund, which belongs to medium and high-risk varieties in securities investment funds. The long-term average risk and expected return are higher than those of hybrid funds, bond funds and money market funds, but lower than those of growth stock funds.