Issue time: 101October 10 to10/010.
Investment objective: mainly invest in stocks whose value is undervalued by the market in manufacturing and service industries, and share the rapid growth of manufacturing (especially equipment manufacturing) and service industries (especially modern service industries), two engines that promote economic growth in the process of deepening industrialization in China.
Asset allocation ratio: the proportion of stock investment is 60%-95%, bonds are 0%-40%, and warrants are 0-3%. Cash or government bonds with a maturity of less than one year should keep at least 5% of the fund's net asset value. Among them, no less than 80% of stock assets are invested in listed companies in manufacturing and service industries.
Performance benchmark: Xinhua FTSE A600 Index yield ×80%+ Xinhua Lehman China Total Bond Index yield ×20%.
Fund Manager: Mr. Chen Xiaosheng, 1 1 year experience in securities industry. He once worked in CITIC Group Zhong Da Investment Management Co., Ltd., and served as a trader in the securities investment department, director of futures business, assistant to the stock investment manager and stock investment manager. Joined the financing fund in February 2003. He has served as assistant manager, investment manager and deputy director of institutional finance department of Rongtong New Blue Chip Fund. He is currently the director of institutional finance department and concurrently the simulated portfolio manager of Nikko Yellow River Fund.
Income distribution policy: the maximum number of income distributions per year is 12, and the annual distribution ratio shall not be less than 50% of the annual distributable income.
product analysis
Judging from the design idea of this fund, its future will mainly focus on the stocks whose value is temporarily underestimated by the market in manufacturing (especially equipment manufacturing) and service (especially modern service). Rongtong Fund believes that listed companies with increased manufacturing and service industries have good profitability and growth, and good long-term growth prospects, which are the backbone of promoting economic growth. By investing in temporarily undervalued stocks in these two fields, we can share the fruits of the rapid growth of China's economy and capital market and gain rich asset appreciation.
Most of the future investment strategies of the fund are described in the relevant chapters of the prospectus. On the basis of value growth investment and steady investment, the Fund will actively and moderately allocate assets, systematically and effectively control risks, and maximize the long-term stable appreciation of fund assets.
The Fund will use the "risk storage" technology to reduce the volatility of the portfolio and improve the income level, because the market risk of the securities market is characterized by alternating fluctuations between low-risk areas and high-risk areas, with cyclical characteristics. "Risk storage" technology is an investment risk management tool successfully developed by Rongtong Fund with the help of external experts. Based on the understanding and grasp of the periodicity of stock market risk fluctuation, it evaluates the degree of market risk with the help of qualitative and quantitative analysis tools, adjusts the weight of stock positions according to the evaluation results, smoothes the risk of market fluctuation, reduces the volatility of portfolio, and strives to improve the income level. This technology adjusts the allocation ratio of stocks by using "tactical risk storage" and "strategic risk storage" strategies, thus smoothing market risks and improving returns.
In the future, the basic proportion of the fund's stock investment will be 95%, and the asset adjustment range will be 60% to 95%. This will be a fund with a high stock investment position, which basically conforms to the characteristics of the company's stock investment management.