Screen out a few reliable fund managers and fund products;

What we mean by indicators:

1. The representative work of the fund manager should span a complete bull-bear cycle and outperform the Shanghai and Shenzhen 300 Index;

2. In the extreme situation of the stock market crash in history, it is necessary to show excellent ability to control the exit;

3. The trading points of heavy stocks are well chosen, and the heavy stocks have experienced a complete outbreak period;

4. Fund managers have their own clear investment ideas, and their words and deeds are consistent.

Fund name

Sino-European Ruihong regularly opens flexible allocation of hybrid funds.

Fund code

004848

The product was established on 20 17 165438124 October with a scale of 992.8 million copies. By June 30th, 20021year, the scale was 552 million yuan.

Open regularly for 6 months.

Fund company

China Europe Fund Management Co., Ltd.

Fund performance benchmark

The yield of Shanghai and Shenzhen 300 Index is 40%+ the yield of China Bond Composite Index is 60%.

Comments:

Look at this. This is a fairly stable stock debt balance.

fund manager

Yuan (4 years and 237 days)

Looking at the return of this post, we can also see that it is a moderate style.

Representative products

004848 Zhongou Ruihong regularly opens mixed funds.

Cao Mingchang, a star fund manager, was at the helm before, and Mr. Yuan has been following Mr. Cao Mingchang.

perform

Comments:

It can be seen that the advantages of the two stages are obvious. One is that 20 18 outperforms the Shanghai and Shenzhen 300 Index, and the other is that it has been rising all the way in the past year, especially after the collapse of Baotuan shares at the beginning of this year. The poor performance is that it obviously underperformed the Shanghai and Shenzhen 300 Index at 20 19, but it still failed to keep up after a whole year of decline at 20 18.

Retreat control

Comments: From the perspective of retracement control, we can see that,

The retracement during the period of 20 18 and the epidemic in 2020 is far less than that of the Shanghai and Shenzhen 300 index.

In March, 2002/kloc-0, there was almost no retreat during the collapse of baotuan shares, which showed the stability of the style.

Position change

Comments: The timing of stock and debt rotation is obvious. It can be seen that the positions of 20 18 to 20 19 bonds are relatively heavy, which is also the reason why the Shanghai and Shenzhen 300 Index did not run at 20 19.

A clumsy performance

The incidence rate in Ningbo is high:

Happy:

Lingxiao Pump Industry:

China Automobile Research Institute:

Jiuli special materials:

Comments:

The choice of buying and selling points is excellent and the holding time is not long.

Investment philosophy

We may put every downside risk and safety margin first. Good companies are the source of our long-term holding income, but we will choose to hold high-quality companies with low valuation or reasonable valuation. If our judgment is correct, the future performance is indeed constantly fulfilled, and the return we can get will be relatively good.

conclusion

Can participate.

Considering that it is open every six months, the next opening will be in 65438+February.

If you are in a hurry, you can consider another product of Yuan, 1660 19 China-Europe Value Smart Choice Hybrid Fund, with similar positions.

This year, the performance of Great God fund managers is generally poor, especially the new investors keep cursing, but Cao Mingchang is really awesome. Yuan has been with him for so long, hoping to be better than shine on you and better than Blue.

Personally, I appreciate this strategy of balancing stocks and debts and high turnover.