The three major "warships" go hand in hand with long-term performance shine Haifutong Fund equity products break through strongly

"Investor Network" Cao Lu

In the past 2021, the style of the A-share market has been frequently switched, and the structural market is very significant, and for professional investment institutions, such an environment is also the "touchstone" of investment research capabilities. In this test, fund companies with outstanding active management capabilities are more likely to stand out and attract investors' attention.

As one of the fund companies in the industry that focus on creating long-term performance, Haifutong Fund has gradually become prominent in recent years by cultivating talents, optimizing the team, consolidating the foundation, and practicing internal skills.

According to Haitong Securities data, as of the end of 2021, the absolute yield of equity funds under Haifutong Fund in the past five years was 150.52%, ranking the forefront among fund companies; among them, the cumulative net value growth rate of Haifutong electronic information media industry stocks, Haifutong growth and selection mixed products in the past year exceeded 45%.

Equity performance is long-term and stable

See also the one-year rotation. Looking back at the market in 2021, structural differentiation is intensifying. The data shows that the CSI 300 index fell by 5.2% in 2021, while the ChiNext index rose by 12.02% in the same period. In such a turbulent market environment, the performance of the fund is obviously differentiated.

Galaxy Securities data show that as of the end of 2021, the average net value growth rate of equity funds and hybrid funds in the past year was 8.18% and 9.71%, respectively, which is a certain gap compared with the performance of more than 40% in 2020, which also shows that the complexity and difficulty of investment are increasing.

Active equity investment, as the core of the active management ability of the fund industry, can be said to be the "façade" of fund companies. As a professional asset management institution, a number of equity funds under Haifutong Fund actively grasped market opportunities and handed over a good "answer sheet".

According to Galaxy Securities data, as of December 31, 2021, 26 fund products under Haifutong Fund (different shares are calculated separately, the same below) with a net value growth rate of more than 10% during the year; 18 products exceeded 20%; among them, Haifutong Electronic Information Media Industry Stocks (A\C shares) and Haifutong Growth Selection Mix (A\C shares) returned more than 45% during the year.

Looking at the investment time, long-term returns are still the advantages of Haifutong Fund. According to Haitong Securities data, as of the end of 2021, the absolute yield of equity funds under Haifutong Fund in the past five years was 150.52%, ranking 17th among 101 fund companies in the industry.

Industry insiders said that in the five-year period, A shares will often experience at least one bull-bear change, and the top runners who can rank at the top are usually excellent "long-distance runners". As a fund company focusing on long-term performance, the overall performance of the active equity fund under Haifutong Fund shows that the company has consolidated and improved its investment and research capabilities through years of experience accumulation.

The equity team works together to win

A single flower is not spring, a hundred flowers bloom in the spring and fill the garden. Behind the excellent performance of Haifutong Fund's equity, it not only depends on excellent fund managers, but also has a strong investment research team to escort it, which is also the fundamental force supporting its continuous development in an increasingly complex market environment.

According to the "Investor Network", in order to better manage products, Haifutong Fund has formed a situation in which the three "battleships" of the public equity investment department led by Zhou Xuejun, the quantitative investment department led by Du Xiaohai and the FOF investment department led by Zhu Yun are in parallel.

The three major equity teams have their own highlights, and there is no shortage of high-performing products and fund managers with market appeal. For example, Zhou Xuejun, known as the "big coffee of balanced allocation", is an equity investment general who pursues "not lagging behind under all styles" and long-term excess returns. According to Galaxy Securities data, as of December 31, 2021, the net value growth rates of the Haifutong Reform-driven Hybrid and the Haifutong Income Growth Hybrid managed by it were 27.81% and 25.2%, respectively, ranking in the top five of similar products (67/499, 24/132); the cumulative returns in the past three years reached 318.58% and 223.99%, ranking in the top eight (4/210, 12/100) among similar comparable fund products.

Another Lu Yuechao, who has a lot of market attention, is a strong fund manager who is good at the style of technological growth. Since the end of 2016, he has successively repositioned the new energy industry chain, photovoltaic, semiconductor and other industries, creating a very considerable excess return for the portfolio. According to Galaxy Securities data, the Haifutong Growth Selection Hybrid A/C he managed achieved performance returns of 45.75% and 45.17% respectively in 2021. Haifutong Electronic Information Media Industry Stock A, which is also a technology growth style and has won the top spot (ranked 1/17) of TMT and information technology industry equity funds (A) with a good result of 52.48% of the annual income, is jointly managed by Yang Ningjia and Fan Tingfang.

It should be noted that Haifutong Fund also has excellent strength in quantitative and FOF products, and Galaxy Securities data shows that The Enhanced A of Haifutong ChiNext, which is helmed by "Golden Bull veteran" Du Xiaohai, ranks first in similar products (1/55) with a cumulative return of 185.03% in the past three years. Its Management of The Haifutong Alpha Hedging Mix was awarded the "Five-Year Open-ended Hybrid Sustained Winning Golden Bull Fund" by China Securities News in March 2020. Haifutong Stable Pension Target One-Year Holding Period Hybrid FOF managed by Zhu Yun is a stable style FOF product, ranking 4/28 of similar products with a yield of 6.16% in 2021.

For the reasons why Haifutong Fund continues to write good results, industry insiders believe that in recent years, Haifutong has been quite effective in team building through internal training and external introduction, in addition to the above fund managers, it has also brought together Fund managers with different strengths in the circle of ability such as Huang Feng, Hu Yaowen, and Li Zhi. The three-generation echelon of the old, middle and new generations is full of vitality, which makes the stability of medium- and long-term equity investment performance continue to improve.

Gather team ability circle to break through the game

In the main theme of shock and differentiation in recent years, the uncertainty and high volatility of the market have increased the difficulty of investment, and more and more ordinary investors recognize the concept of "speculating in stocks is not as good as buying funds", choosing to rely on the strength of professional fund managers and fund managers to obtain a better investment experience.

In the view of industry insiders, the structural market has higher and higher professional requirements for stock selection and timing, and fund managers have strong professional advantages in stock selection, asset allocation, trading operations, etc. "borrowing the base to enter the market" will be the trend of the times. However, with the intensification of industry competition, how to break through in the fierce market competition is also a problem that needs to be considered.

For asset management institutions, the core competitiveness is still investment and research capabilities. Haifutong Foundation understands the importance of hard work. Based on the original intention and mission of "investing with heart, steady and far-reaching", Haifutong Fund has gradually formed an equity investment culture of "inclusiveness, professionalism, sharing, diligence and integrity", stepped out of a path of relying on the team and complementing the advantages of all employees, and faced the shocks of the A-share market with a steady investment style.

In the process of long-term construction of investment strength, its team is also constantly encouraging fund managers to establish their own circle of ability, find their own advantages and style positioning, and effectively expand the circle of team ability and personal circle of ability in a good mechanism and inclusive culture, so as to achieve the overall improvement of team performance, and realize the effective playing style of the established fund company to forge ahead and establish characteristics.

Standing at the current point in time, the Haifutong equity team said: "In 2022, the A-share market will maintain a trend of top and bottom, and there are still many structural opportunities worth digging deeper. In terms of industry configuration, we will focus on the direction of the continuation of the high boom and the industry where the dilemma has reversed. "Specifically, investment in new energy, new energy vehicles, and technology growth stocks under the background of double carbon, investment in consumer goods under the background of gradual control of the epidemic, and investment in large financial and infrastructure industry chains under the background of stable growth are the key areas of focus in 2022."

Data description: 1) The absolute return of the fund management company in the haitong securities report refers to the growth rate of the net value of the active fund managed by the fund company according to the weighted growth rate of the assets under management during the period. The size of assets under management is simply averaged by the size of the period available.

2) Galaxy Securities of Haifutong Electronic Information Media Industry Stock A is classified as TMT and Information Technology Industry Equity Fund (Class A), with the net value growth rate of The Class A share of the fund in 2019-2020 is 39.48% and 62.69%, the net value growth rate of the Class C share in 2019-2020 is 37.10% and 61.41%, and the performance comparison benchmark yield is 40.56% and 15.81%. Source: Periodic reports of the Fund. During this period, he has served as fund managers: Shi Minjia (2018/12-2021/1), Fan Tingfang (2021/1 to present), Yang Ningjia (2021/9 to present).

3) The growth rate of the net value of the Class A share in 2020 was 12.82%, the growth rate of the net value of the Class C share was 12.70%, and the performance benchmark yield was 9.19%. Source: Periodic report of the Fund, 2020 annual results are calculated from the effective date of the Fund's contract (September 27, 2020). Previous fund managers during this period: Lv Yuechao (2020/9 to present).

4) Galaxy Securities, driven by haifutong reform, is classified as a flexible allocation fund (upper and lower limit of stocks 0-95% + benchmark stock ratio of 30%-60%) (class A), and the net value growth rate of the fund in 2016-2020 is 10.20%, 17.45%, -27.57%, 74.12% and 89.50%, and the performance comparison benchmark yield is 2.57%, 10.80%, -10.81%, 19.71% and 15.40%, respectively. Fund Managers during this period: Zhou Xuejun (2016/4 to present). Source: Periodic reports of the Fund.

5) Galaxy Securities, which has a mix of Income Growth, is classified as a partial stock fund (stock cap 80%) (Class A), and the net value growth rate of the fund in 2016-2020 is -1.51%, 11.55%, -22.44%, 53.94%, 69.11%, and the performance comparison benchmark yield is -3.17%, 4.80%, -10.34%, 16.87%, and 13.83%, respectively. Source: Periodic reports of the Fund. During this period, he has served as fund managers: Ding Jun (2014/4-2016/8), Zhou Xuejun (2015/6 to present).

6) Galaxy Securities of Haifutong ChiNext Enhanced A is classified as an Enhanced Scale Index Equity Fund (Class A), the net value growth rate of The Fund A shares in 2018-2020 is -21.72%, 44.60%, 59.60%, and the performance benchmark yield is -31.92%, 37.06% and 45.88%; data source: The Fund is regularly reported; the 2018 annual results are calculated from the effective date of the contract (April 8, 2018). The fund's previous fund managers are: Chen Zhenpu (2018/4-2018/5), Du Xiaohai (2018/4 to present).

7) Galaxy Securities of Haifutong Stable Pension Target One-Year Holding Period Hybrid FOF is classified as Pension Target Risk FOF (Equity Assets 0-30%) (Class A), the net value growth rate of the fund in 2019-2020 is 4.71% and 11.32%, and the performance comparison benchmark yield is 3.48% and 7.57%. Source: Periodic reports of the Fund; 2019 annual results are calculated from the effective date of the contract (April 25, 2019). During this period, he has served as a fund manager: Jiang Ping (2019/4-2020/4), Zhu Yun (2019/9 to present).

Risk Warning: Investment is risky, investment needs to be cautious, past performance does not represent future performance, the volatility of the above funds may be higher.