1. Jundexin uses the research advantages of managers to invest mainly in excellent enterprises with sustainable growth ability, and through rigorous industry demand and company prospect analysis, looks for listed companies whose prices are undervalued relative to their values, and strives to realize long-term stable appreciation of collective plan assets.
2. This collective plan is a hybrid collective asset management plan, with expected returns and risks higher than those of money market funds, bond funds and bond collective asset management plans, but lower than those of stock funds and stock collective asset management plans, and it is a product with moderate risks/returns. This collective plan will start with the analysis of the behavior characteristics and needs of the investors in the collective plan, and determine the liquidity demand, which will be used as a constraint condition for asset allocation and portfolio construction, and at the same time, with the institutional arrangement of large-sum withdrawal, the portfolio will meet the liquidity demand.
Research on the Strategy of Jundexin Fund
1. Asset allocation strategy: Guotai Junan Jundexin holds a mixed collective asset management plan for two years and adopts an active asset allocation strategy. Through the macro-strategy research, supplemented by the quantitative auxiliary model developed by the manager, the expected returns of related asset categories are dynamically tracked to determine the allocation ratio of large-scale assets.
2. Stock investment strategy: This collective plan adopts a combination of top-down and bottom-up stock selection strategy. This collection plan will screen specific stocks from two aspects: industry allocation strategy and company selection, and form a two-level stock pool on this basis. ① Industry allocation strategy: According to the industry classification standard of China Securities Regulatory Commission, the collective plan will select the following industries through the analysis of macro-economy, industrial policy and industry prosperity: industries with sustained good growth prospects or industries in the rising period of cyclical economic recovery; With the growth of GDP, the increase of residents' income and the advancement of urbanization, there are great opportunities in the industry. ② Company's stock selection strategy: This collective plan adopts a combination of quantitative analysis and qualitative analysis to select eligible stocks. The indicators used in the quantitative analysis of this collective plan include growth indicators, value indicators and profitability indicators, and corresponding valuation methods are adopted for different industries.
3. Combination adjustment strategy: This collective plan adopts two-level position allocation strategy to determine the position of stocks. Total stock positions include basic positions and dynamic positions. Among them, the basic position is generally maintained at about 50%, mainly investing in growth stocks with clear growth and long-term holding (namely star stocks) and value stocks with cheap valuation and certain industry development opportunities (namely value stocks).