For example, such a fund portfolio: Cathay Pacific's valuation advantage is 30%( 1602 12), Anxin's value selection is 30%(000577), and Dongfanghong Shanghai-Hong Kong depth is 40%(002803).

Due to the late establishment of Dongfanghong Shanghai-Hong Kong-Shenzhen, the examination time is set at 20 1 June1to 201July, February 4. In more than a year, this combination has brought us 46.438+0% income. Since the beginning of the year, the maximum number of rising days has reached 309 days, and the maximum number of falling days is 9 days. As we all know, the market in the second half of last year and the beginning of this year was very tired, but there is no doubt that there are few painful days brought about by the decline.

In addition, we use the following indicators to evaluate the risk of the fund portfolio. The alpha coefficient of this fund portfolio has reached 23.04% this year. Because there is no other portfolio to compare, it also clearly shows that these three funds have great ability to obtain excess returns.

Year-to-date, the beta coefficient of the fund portfolio is less than 1, indicating that the risk of the fund portfolio is less than the risk of the benchmark Shanghai and Shenzhen 300 index to some extent, which can also be seen from the total return curve of Figure 1.

Year-to-date, the Sharp ratio of fund portfolio is 3.74. As we all know, a large Sharp ratio means that the risk return of the unit risk of the fund portfolio is higher.

In this combination, Cathay Pacific's valuation advantage is the obvious mid-market growth style. Fei Yang, the fund manager, took office in March 20 15 to manage the Fund. It was on the eve of the stock market crash. With the persistence of growth stocks, this fund was able to surpass the bull market high in August of 20 16. This year, with the large-cap stocks flying all over the sky, there is almost no big change in the growth stocks with heavy positions, but the love of the garden plate alone still brings good benefits to everyone.

Generally speaking, the backtesting effect of this portfolio is quite good, basically realizing the balanced allocation of large-cap stocks, mid-cap stocks and Hong Kong stocks.