The full name of the fund is Penghua Selected Growth Hybrid Securities Investment Fund, hereinafter referred to as Penghua Selected Growth Hybrid. The fund was established on September 9, 2009. The fund type is mixed, the operation mode is open, and it is judged as radical mixed. The Fund is managed by China Construction Bank Co., Ltd., managed by Penghua Fund Management Co., Ltd., and the fund manager is Jolie.

Jolie pays more attention to the changes in the boom and cycle, and there is a risk that the cycle error will lead to the correction of the fund's net value. Moreover, Jolie's capability circle is mainly concentrated in the strong cycle industries represented by chemical industry and nonferrous metals, and the industry concentration of funds may increase in the future. However, from the fourth quarter of 20021,the whole A-share market fluctuated obviously, and many funds fell seriously, while Penghua Fund ranked very well in the fourth quarter of last year.