After 30 years of rapid growth, China's original model of relying on resources and investment to achieve growth at the expense of the environment is unsustainable, and innovation will become the driving force of this round of economic transformation and industrial upgrading.
The fund selects innovative listed companies with good growth from the bottom up, follows the main line of industrial upgrading and lays out the "engine" of economic transformation.
2. Focus on strategic emerging industries and closely follow the 12th Five-Year Plan.
At this stage, the fund focuses on investing in national strategic emerging industries, which is in line with the country's economic map in the next 5- 10 and the key direction of the Twelfth Five-Year Plan. With the introduction of relevant supporting policies, emerging industries will usher in rapid development opportunities. According to the State Council's decision on accelerating the cultivation and development of strategic emerging industries, by 20 15, the added value of strategic emerging industries will strive to reach about 8% of GDP; By 2020, strive to reach about 15%.
3. In the medium and long term, emerging industries outperform the broader market.
During the period from 65438+February 3 1 to 20 10/October 3 1 in 2004, the emerging index of China Securities rose by 606.2 1%, surpassing the Shanghai and Shenzhen 300 Index and the China Securities 500 Index in the same period. Listed companies in emerging industries have brought rich returns to investors.
Analysis of the investment value of Galaxy Innovation Growth Equity Fund: 1, the company's fundamentals are good.
The year of 20 10 is a year of great changes for Galaxy Fund Management Company. With the dust of the company's high-level changes settled, the company's various businesses re-integrated and once again entered a new stage of stable development, and the overall performance of the company's stock investment management has also been significantly improved. The phased performance of some funds has entered the forefront of similar funds. As of June165438+1October 19, the net growth rate of Yinhe Industry Preferred Stock and Yinhe Yintai Hybrid Fund "since this year" was the second and third respectively.
The proposed fund manager of this new fund is Mr. Qian Ruinan, director of the stock investment department of Galaxy Fund Management Company. He joined Galaxy Fund Management Company in June 2002 and is one of the senior employees of the company. He has served as the transaction supervisor, assistant fund manager and fund manager of Yinhe Yintai Financial Dividend Fund. Since the beginning of this year, the improvement of the company's overall stock investment management performance is closely related to his efforts. The new fund headed by him will bring better income expectations to investors.
2. Unique product design concept
Pay attention to small and medium-sized stocks: Galaxy Innovation Growth will be a new fund with small and medium-sized stocks as the main investment target, and its performance benchmark can be verified, namely: the yield of CSI 500 Index ×75%+ the yield of SSE government bond index × 25%. CSI 500 Index is an index that can comprehensively reflect the overall situation of small and medium-sized listed companies in Shanghai and Shenzhen stock markets.
Focus on innovation: In view of the investment philosophy that "innovation is the driving force of economic growth and the source of excess returns", the Fund mainly invests in listed companies with innovative characteristics, including two aspects of innovation, namely, technological innovation and commercial innovation.
Technological innovation refers to the activities that enterprises apply new knowledge and technology, or adopt new technology to develop and produce new products, provide new services, or improve product quality, reduce product costs, occupy the market and realize market value. Business innovation refers to the behavior of an enterprise to continuously improve its profitability and competitive strength through the innovation of business model, marketing, management system and production process.
Pay attention to growth: With regard to innovative enterprise stocks, the Fund will further evaluate the growth of enterprises. The growth evaluation indicators of the Fund include but are not limited to the growth rates of operating income, operating profit and net profit in the expected year, and the growth rates of operating income, operating profit and net profit in the last three years. Through the growth assessment, the Fund will select stocks with outstanding growth to form an innovative growth stock pool.
3. The investment direction conforms to the national economic development strategy.
20 10,10 On June 8th, the State Council issued the Decision of the State Council on Accelerating the Cultivation and Development of Strategic Emerging Industries. It is planned that the added value of strategic emerging industries will account for about 8% of GDP by 20 15, and this proportion will reach about 15% by 2020. At present, the proportion of strategic emerging industries in China's GDP is about 3%. The goal proposed in the Decision is that the added value of emerging industries will increase by 1.67 times in five years and by 4 times in ten years. Considering China's sustained economic growth and inflation in the next decade, the State Council's development goals for strategic emerging industries mean that related industries will achieve "tenfold" growth in the next decade, which will provide the market with the biggest structural investment opportunities in the next decade. Theoretically, the performance growth rate of innovative listed companies with good growth in related industries is expected to exceed the industry average growth rate.
In the next five to ten years, China's economic development model will undergo major changes, and innovative listed companies closely related to emerging industries will become the leaders and important driving forces for China's economic restructuring in the future. In the next decade, energy conservation and environmental protection, new generation information technology, biology and high-end equipment manufacturing will become the pillar industries of the national economy, and new energy, new materials and new energy automobile industries will become the leading industries of the national economy. All these provide clear direction and strategic guidance for investment operation. Following the development of China's economy in the future, it will be one of the inevitable choices for future investment to lay out strategic emerging industries and pay attention to innovative listed companies with good growth.
(II) Penghua Consumption Optimization (fund code: 206007)
Fund companies focus on the theme of consumption and are optimistic about the emerging investment opportunities in China's economic transformation. According to Wind statistics, from the beginning of last year to the end of the third quarter of this year, the main consumption index of CSI rose by 1 19.20%, and the optional consumption index of CSI rose by 133.09%, while the Shanghai Composite Index only rose by 45.85% in the same period. The strong trend of the consumer sector has made consumer theme funds a upstart in the recent fund market.
Penghua's consumption optimization is committed to mining high-quality listed companies in large consumer industries and building stock portfolios. Large consumer industries include consumer industries and industries closely related to consumer industries. It includes not only physical consumer goods such as food, drinks and daily necessities, but also labor consumer goods such as tourism, education and entertainment. According to the experience of developed countries, with the continuous improvement of income and wealth, the proportion of some industries in consumption expenditure will become larger and larger, such as medical care, entertainment, transportation and other industries, and the growth rate will be faster than that of the whole consumer industry. Therefore, in the long run, large consumer industries are more likely to breed companies with competitive advantages. Penghua Consumption Optimization Fund can actively grasp the consumption themes in different stages according to the different income levels and wealth levels of residents in different economic development stages, find investment opportunities brought by different consumption fields, and tap industries with rapid growth in various stages of consumption growth. The stock assets of the Fund account for 60%-95% of the fund's assets, and the proportion of stocks invested in large consumption categories is not less than 80%.
Wang, the proposed fund manager, has four years of securities experience. He once worked in China Merchants Fund and Penghua Fund, involving food and beverage, commercial retail, agriculture, forestry, animal husbandry and fishery, textiles and clothing, automobiles, papermaking, packaging and other fields. He has also served as the assistant fund manager of Penghua Power Growth Open-end Fund, and has some research experience in the consumer industry, but no experience in managing funds. His specific investment ability needs further verification by the market.
With the continuous improvement of economic level, the contribution of consumption to GDP has gradually increased, which is the general law of world economic development. In macro policy, with the promulgation of the Twelfth Five-Year Plan, macro-level income adjustment will be carried out gradually, and increasing residents' income and narrowing the gap between the rich and the poor will be the orientation of medium and long-term macroeconomic policies. From the perspective of population structure, the rising proportion of consumption population will also drive the consumption upgrade of the whole society.
Here are two. You can find out what the fund refers to first, find a better fund company, and then log on to their website to see if there are any interests.