Guangfa Jufeng (net position) was established on February 23, 2005. With its successful investment operation, it became the fund with the best performance in 2006, with an annual net growth rate of 144. 1%.

Quickly and accurately judge the opening position.

Looking back on the investment operation of the fund in 2006, the success is mainly manifested in the words "quick opening and accurate judgment".

Yi Yangfang, the fund manager of Guangfa Jufeng, has rich experience and accurate judgment. When the fund was established, it happened to be the time when the stock market turned from bear to bull and the bulls just looked up. The funds were quickly distributed in the stock market. By the time the first quarter report of 2006 was published, the fund's stock position had reached 87.438+0%.

Throughout the investment operation in 2006, the Fund has always maintained a bullish view on the stock market outlook. The investment positions of stock assets in the second quarter, the third quarter and the fourth quarter were 90.38%, 92.58% and 89.29% respectively. At the same time, the Fund does not invest in bonds, and always maintains about 10% of highly liquid monetary assets on the books, and adheres to the large-scale asset allocation strategy of attacking and retreating.

In the first half of 2006, the fund adopted the strategy of "investing in scarce goods", with consumer services, independent innovation and resources as the main investment directions. In the annual investment, the fund adopts a long-term holding strategy for food and beverage, wholesale and retail trade; For metals, nonmetals, real estate and other industries, the investment strategy by stages can be adopted, and the term can be increased or decreased, so as to create the maximum income as much as possible in the process of flexible investment.

Judging from the investment situation of individual stocks, the stocks that the fund has invested in and still holds, such as Kweichow Moutai (Quote Forum), Salt Lake Potash (Quote Forum), Suning Appliance (Quote Forum) and Baoti (Quote Forum), all performed well in the bull market in 2006, which fully shows that the fund has high stock selection ability.

Moderate scale deserves continuous attention.

The scale of the fund was 65.438+0.3/kloc-0.60 billion shares when it was established, and 65.438+0.47 billion shares at the end of 2006. After more than a year of successful operation, the scale of the fund has only increased. According to relevant historical research data, the fund belongs to the best state range of scale/income in the current market, that is, funds with a scale of less than 5 billion shares usually have a higher probability of achieving better performance. Therefore, funds with good historical performance records and relatively moderate scale, such as Guangfa Jufeng, are relatively more valuable for investors to focus on.

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