Mainly because each fund product design focuses on different aspects, such as asset allocation and selection.
In terms of shares, we focus on large-cap stocks and small-cap stocks, and the in-depth development of the product line has certain strength;
* * * is characterized by Guangfa's preference for growth-oriented listed companies in stock selection.
This is completely consistent with the investment philosophy of Guangfa Fund, which focuses on fundamentals and focuses on stock selection.
The investment philosophy of Guangfa Fund is that "the return on investment comes from in-depth research with fundamentals as the core, and through
In-depth study of fundamentals to obtain absolute excess returns. "Obviously, GF Fund is better at investing.
Pay attention to the screening of listed companies, and most of the executives and key figures of GF Fund have investment banking experience, and also
To a certain extent, it has contributed to the formation of the company's investment style based on stock selection. Extensive quantitative analysis
As for GDB's stock selection ability, we found that eight active investment partial stock funds under GDB have been held since its establishment.
The performance of stocks is better than the increase of Shanghai Composite Index in the same period. Vertical analysis of stock selection ability of Guangfa Fund, except
In the second half of 2006, in other statistical cycles (half a year), Guangfa Fund increased its holdings.
The increase in weight exceeds the current increase in the Shanghai Composite Index.
In addition, in actual operation, the adjustment range of stock investment positions of funds under Guangfa is not large, namely
It is a hybrid fund with relatively flexible product design positioning and low stock investment limit, regardless of
The market is mixed, and the stock investment position in the historical quarter has basically remained above 60%, which shows that Guangfa has a foothold.
Kim's overall initiative in timing is not strong. At the same time, under the premise of selecting individual stocks, fund managers
Preference for long-term holding, the stock investment turnover rate of its active investment partial stock funds is significantly lower than that of its peers.
The average level, especially from the second half of 2007 to 2008, the market entered an adjustment market, and Guangfa Fund took a clear-cut stand.
The turnover rate of active investment in partial stock funds is even lower than the average level of the same industry 1/4.
The excellent stock selection ability of Guangfa Fund has brought good performance to its funds. Guangfa's biased shares
Compared with peers in the same period, except for the Guangfa market, the performance of Class B funds since its establishment has expanded compared with the opening period.
Except for Jurui, the other six funds have considered the net growth rate of dividend reinvestment since their establishment.
They are all in front of the industry 1/3, and Guangfa Jufu, Guangfa Core and even the first in the industry. Divide into years
To study the sustainability of the performance of the partial stock funds under Guangfa, since 2004, most years
The income level of its partial stock funds is higher than the average level of its peers.