"Each net worth curve is a reflection of the fund manager's values and outlook on life, and is the process of the fund manager constantly questioning himself and crossing the shadow of time." Investment begins with technology, perfection in art, and ends in the Tao. ”
【The purpose of our column】
Screening out a very small number of reliable fund managers and fund products;
Indicators we refer to:
1. The representative works of fund managers should span a complete bull-bear cycle and outperform the CSI 300 Index;
2. In the extreme situation of stock market crash in history, it is necessary to show excellent ability to control the drawdown;
3. The selection of trading points for heavy stocks is better, and the heavy stock sector has experienced a complete outbreak period;
4. The fund manager has his own clear investment philosophy and is consistent in words and deeds.
【Fund Name】
China-Canada Transformation Power Flexible Allocation Hybrid Fund
【Fund Code】
Category A: 005775 Category C: 005776
Products were established on September 05, 2018 / 608.2 million copies, and as of September 30, 2021, the scale is 203 million yuan.
【Fund Company】
China Canada Fund Management Limited
【Fund Performance Benchmark】
CSI 300 Index Yield ×60% + China Bond Total Full Price Index Yield ×40%
【Fund Manager】
Feng Hanjie (Cumulative tenure: 3 years and 46 days)
【Representative Products】
005775 China-Canada Transformation Dynamics Flexible Allocation Hybrid Fund
【Performance】
Comments:
From 2018 to now more than 3 years, the middle has undergone many market style conversions, many market falls, and it is not easy to maintain the net value all the way up.
【Drawdown Control】
The maximum drawdown of 13.35% also occurred when the epidemic hit in March 2020, and the withdrawal control at other times can be controlled.
【Position change】
There are traces of timing, but so many bank deposits are really rare, is there still a deposit requirement for the channel? Ha ha.
【Performance of Heavy Stocks】
Linglong tires:
Shuanghui Development:
Great Wall Motor:
Perfect World:
China Shenhua:
From the point of view of the trading point is very good, and with the Xu Zhibiao style we just said in the last issue is a bit similar, may be at a certain stage of performance of the fund manager are similar style, but also long-term to hold, but not all are dead, look bad and know to run early.
【Investment Philosophy】
"In terms of investment style, I pay more attention to long-term investment value, pay less attention to short-term fluctuations in the market, and prefer to choose companies with long-term competitiveness and long-term good returns to investors from the bottom up, dynamically track their fundamental changes, invest in combination with valuation levels, and dynamically adjust according to the actual situation, and will not frequently rotate industry sectors."
【Conclusion】
The major shareholders of China Canada Fund are bank of Beijing and Canada Scotiabank, although the total scale ranking is OK, but the removal of debt-based, cargo-based, the remaining equity scale is only about 8 billion, not as good as the head fund company a product volume, small fund companies have disadvantages, may be more difficult to build a team, talent liquidity is relatively large, buy their products to focus on whether the fund manager has changes, but there are also benefits, it is easy to appear a fund manager to carry a situation of beams, which depends on the personal preferences of investors.