How do you feel about these two funds? I made a simple analysis to see if they are in line with your investment style.

270005 Guangfa Jufeng-Value Orientation

"Relying on China's fast-growing macro-economy and capital market, we will seek long-term appreciation of fund assets by timely adjusting the allocation ratio and stock selection of value-based and growth-oriented stocks. The allocation ratio of stocks is 60-95%, the allocation ratio of bonds is 0-35%, and the cash or government bonds with maturity within one year are greater than or equal to 5%. The net asset value (as of 09-09-30) was 25.997 billion yuan. " -The quarterly report in March 2009 showed that stock investment accounted for 89.42%. The scale of the fund is very large, and the investment ratio shows that the fund is a high-risk fund, which is suitable for investors with strong risk tolerance. At the same time, "seeking the long-term appreciation of fund assets" shows that the fund is a value fund, paying more attention to the long-term income of the fund rather than the short-term income. Different investment styles are doomed to different performances, and which is better or worse can only be a matter of opinion.

Fund manager-the fund has been established for nearly four years and has good continuity. Through the performance of the fund, we can see that the investment ability of the manager is acceptable.

Fees-front-end subscription fee 1.5% (there is a discount for direct sales of fund companies' websites), fund management fee 1.50%, and fund custody fee of 0.25%. Generally speaking, the investment cost is moderate. Although the subscription has been suspended, it can be repaired.

Performance-Since this year (as of 09/ 12/02), the rate of return is (78.38%)& gt；; The return rate of similar funds (73.50%). It shows that the yield of most of these funds this year is around 73.50%, while the funds are above the average, with 220 equity funds, ranking 84th, slightly ahead of the central region; The annual return ranks 96th among 2 19 equity funds; The two-year return ranks 1 16 among 179 equity funds, and the three-year return ranks 49 among 127 equity funds.

Generally speaking, Guangfa Jufeng had a good performance before 2007. However, in September 2007 1 1, the fund scale suddenly increased to 60 billion. And this split proves that "scale is the enemy of performance". However, under the temptation of huge interests, the motivation to expand the scale is increasing day by day.

Therefore, since the end of 2007, the performance of Guangfa Jufeng has been somewhat unsatisfactory. Although fund companies try to strike a balance between scale and performance, some market rules may not be transferred by human will.

At present, the performance of Guangfa Jufeng is at the upper-middle level, and it is in the second echelon of equity funds.

48 100 1 ICBC Credit Suisse Core Value-Value Type

"Effectively control portfolio risks and pursue long-term stable appreciation of fund assets. The Fund invests in large and medium-sized listed companies with stable operation, core competitive advantages and undervalued value, so as to achieve the goal of long-term stable appreciation of fund assets. Portfolio: stock assets account for 60%-95% of the fund's net asset value, and bonds and cash assets account for 5%-40%. The net asset value (as of 09/09/30) was 6.45 billion yuan. " The third quarterly report of 2009 shows that the share of stock investment is 7 1.68%, and the share of bonds is 12.36%. It can be seen from the fund profile that ICBC Credit Suisse is a value stock fund with moderate scale. This kind of fund focuses on choosing stocks whose price is lower than their intrinsic value. The investment ratio shows that the risk of the fund is still relatively high, which is suitable for investors with high risk tolerance.

Fund manager-it has been more than two years since he took office in 2007, which has a good continuity. As can be seen from the performance of the fund, the investment ability of the manager is average.

Fees-front-end subscription fee is 65,438+0.5%, fund management fee is 65,438+0.50%, and fund custody fee is 0.25% (there is a discount for direct sales of fund companies' websites). Generally speaking, the investment cost is moderate.

Performance-since this year (as of 09/ 12/02), the yield is (57.70%) <; The return rate of similar funds (73.50%). It shows that since the beginning of this year, the return rate of most of these funds is around 73.50%, but this fund is far below the average level. There are 220 similar funds, ranking 185, ranking lower. One-year return ranks 154 among similar funds of 2 19, 28th among similar funds of 179 in two years and 66th among equity funds of 127 in three years.

ICBC Value is an old fund that has experienced bull market and bear market.

From the weak market environment in 2005 to the strong market environment in 2006 and 2007, the fund's performance rose steadily, slightly higher than the Shanghai Composite Index in the same period; In the stock market crash in 2008, although the net value of ICBC Value Fund also adjusted back, the adjustment range was much lower than that of Shanghai Composite Index in the same period, which had good resilience. However, after entering 2009, in the process of gradual recovery of the stock market, its stock position is low, making its performance belong to the lower-middle level, only in the third echelon of equity funds.