The net value growth rate of many equity products of the Oriental Fund exceeded 48%, and the professional investment research team discussed the investment strategy in 2022

On March 25, the 2021 annual report of the fund products under the Oriental Fund was released.

Looking back at the stock market in 2021, the differentiation of A-shares has intensified, and the rotation of the plate is also more frequent, basically maintaining a wide range of shocks throughout the year. In this complex market situation, Orient Fund has handed over a 2021 report card that is quite satisfactory to investors. In addition to the "fixed income" products to maintain a solid performance, the Oriental Fund, which has emerged in the equity market, has still achieved remarkable level of active management in the past year.

According to the annual report data, in the whole year of 2021, the net value of 3 equity fund products under the Oriental Fund will grow by more than 48%, significantly outperforming the market.

Among them, the best performing Oriental New Energy Automobile Theme has a net value growth rate of 52.14% in 2021 (data source: the fund's annual report), ranking 29/1532 among the wind similar partial stock hybrid funds. According to the fund's 2021 annual report data, its size has reached 22.441 billion yuan by the end of 2021, becoming a popular fund sought after by investors.

Relying on its better performance, Orient Fund ranked 19th in the "2021 Fund Company Profit List (Active Equity Fund)" in the 2021 all-market fund profit list of Tianxiang Investment With a profit of 5.007 billion yuan. (Data source: Tianxiang Investment Advisor 2021 all-market fund profit list)

Orient Fund Equity Products "Stand Out"

According to the analysis of Tianxiang Investment, the profit of the fund company is directly related to the average increase in the size of its funds and the net value of the unit. The larger the fund company, the higher the increase in the net value of the unit, and the more it can earn higher returns for the holders.

Although the head company benefits from its full product line layout and is still the main force of profitability, some small and medium-sized companies have emerged in non-monetary, equity fund lists, active equity and other subdivisions by virtue of their own "specialization" and "specialization" layout.

Orient Fund is a typical example of this, in recent years, with the continuous improvement of the active equity investment ability of Orient Fund, the performance of its equity funds has become more and more eye-catching.

For example, the theme of Oriental New Energy Vehicles, the 2021 annual report data shows that the net value growth of Oriental New Energy Vehicle Hybrid in 2021 reached 52.14%, and the net value growth rate in the past three years reached 319.32%, ranking 14/636 in the wind similar partial stock hybrid funds, which is higher than the performance benchmark yield level of 95.84%. By the end of 2021, the size of the fund has reached 22.441 billion yuan (data source: the fund's annual report), becoming a popular fund sought after by investors.

It was followed by Orient Theme Select's 2021 net worth growth of 51.07%, ranking 39/2055 in the wind similar ranking (flexible allocation funds), and its net value growth rate in the past three years was as high as 327.21%, higher than the performance benchmark rate of 288.96%; Oriental Ruixin hot spot mining A and Oriental Ruixin hotspot mining C, the net value growth rate in 2021 is 49.56% and 48.36%, respectively, and the net value growth rate in the past three years is as high as 191.76% and 180.74%. (Source: Annual Report of the Fund)

In addition, the latest report of Haitong Securities also shows that as of December 31, 2021, the performance of the equity assets under the Orient Fund in the latest year ranked 5/149; The performance ranking in the last two years is 7/136; In the past three years, the performance ranking is 21/123, ranking in the top 1/5 echelon of the industry. (Source: Haitong Securities - Fund Company Equity and Fixed Income Assets Performance Ranking, Evaluation Date: January 2, 2022)

In the "2021 Fund Company Profit List for Customers (Active Equity Funds)" released by Tianxiang Investment, Orient Fund ranked 19th with a profit of 5.007 billion yuan, followed by Zhonggeng Fund, CITIC Baocheng Fund and Haifutong Fund with profits of 4.943 billion yuan, 4.920 billion yuan and 4.898 billion yuan respectively.

Orient fund equity products can "stand out" because of their long-term accumulation in the field of active management.

In the 17-year development journey, Orient Fund has always kept in mind the mission of the real economy of financial services and the original intention of the development of "entrusted by people and loyal to people", adhered to the core values of "steady investment creates lasting value", adhered to the market-oriented, investor interests as the center, continuously improved asset management capabilities, strived to improve the corporate governance structure and scientific risk control process, and is committed to becoming an asset management institution worthy of investors' trust and trust.

At present, Orient Fund has established a set of mature and efficient investment decision-making, research support, risk control, operation guarantee and market expansion system.

In terms of active equity investment, on the basis of the value investment concept, the investment research culture of "unified investment concept and diversified investment style" is formed; In terms of fixed income investment, in accordance with the investment philosophy and ideas of striving to obtain absolute returns, we are committed to pursuing long-term and stable investment returns, aiming to meet the investment needs of low- and medium-risk investors and investors with capital allocation needs; In terms of research support, we emphasize "research creates value" and strive to transform research results into investment performance.

In terms of product layout, Orient Fund insists on serving economic transformation and industrial upgrading, aiming to meet the needs of different types of investors through the layout and refined management of diversified styles, diversified themes and different strategic products.

At present, the products managed by Orient Fund cover diversified investment fields such as emerging growth, innovative technology, new energy vehicles, Internet +, regional development, pillar industries, artificial intelligence, and quality consumption.

Professional investment research team on the road 2022

Looking forward to 2022, the macro economy is facing greater pressure, in the annual report of the Oriental Fund Fund Product, a number of fund managers judged that the market volatility will intensify and the industry trend will be more complex, but they are also firmly stated that they will create value for the holders based on their own investment research strength and investment philosophy.

Jiang Qian, deputy director of equity investment of Oriental Fund, pointed out that it is not easy to obtain excess returns in 2022. Specifically, in overseas markets, under the background of inflation, the Fed has a high degree of certainty of shrinking its balance sheet and raising interest rates, and global liquidity will inevitably be affected; The domestic economy is also facing certain downward pressure, although the policy has given a certain support, but there is still some pressure on stable economic growth; From the perspective of the market, the market has always maintained a structural market in the past three years, and most of the individual stocks have accumulated large gains, and the valuation is at a relatively high point.

"In the future, I will still adhere to the investment concept of value growth, through portfolio management and allocation, I will actively grasp investment opportunities in the direction of growth along the vein of the development of the times, find listed companies that can take into account both value and growth, and create value for holders." Jiang Qian once said in an interview.

Li Rui, general manager of the equity investment department of the Oriental Fund, also believes that from a macro perspective to look at the economy, the pressure of the domestic economy will increase in 2022, the real estate investment will decline, and the high-end manufacturing investment will maintain a relatively high growth rate. In terms of prices, the PPI rose more than expected, the CPI rebounded, and inflationary pressures became prominent. In terms of policy, stable growth has become an important consideration, fiscal policy has increased its strength, monetary easing is expected to increase, and credit is expected to gradually bottom out. From the perspective of the growth rate of A-share earnings, it is expected to be suppressed first and then raised.

Li Rui believes that the tolerance for valuations in 2022 will decline, and it is necessary to find a sufficient margin of safety or to find short-term prosperity that exceeds expectations. There are three types of opportunities to focus on, namely low valuation and high dividends, dilemma reversal, and inflation.

"During the period of credit stabilization in history, the financial sector took the lead in stabilizing, with value and large-cap styles prevailing, and reversal opportunities are also worthy of attention, including financial real estate, mass products, computers, communications, and some machinery." After the credit stabilization, if the remaining liquidity is relatively sufficient, the growth leading industries will gradually stabilize. The consumer sector is also an important structural opportunity this year. After last year's deep adjustment, the current consumer sector investment cost performance has gradually emerged. With the frequent policies of the supporting economy and the improvement of medical means to improve the global epidemic, it is expected that the consumer sector will gradually come out of the haze in 2022. Looking forward to 2022, it is optimistic about the plates under the logic of PPI transmission to CPI, emerging consumption sectors, travel sectors, and transportation sectors. Li Rui pointed out.

At the same time, Li Rui is also optimistic about the development prospects of the new energy automobile industry. Li Rui said in the annual report of the fund products managed that as far as the new energy automobile industry is concerned, looking forward to 2022, unlike 2021, the supply and demand tension in most links will gradually ease in 2022, and only some links are still tight. 2022 is also the year when new technologies in the field of new energy vehicles are concentrated, and the direction and changes of new technologies will also become the main development variables in 2022.

In Li Rui's view, with the accelerated penetration of electrification, the outbreak of intelligence is imminent. Intelligence may become another driving logic of the automotive industry, gradually unfolding at a very fast speed and subversive depth. Low-carbon and electrified gas runs through Changhong, and the sharp corners of informatization and intelligence have been exposed. As a new generation of intelligent terminals integrated with the integration of information technology and new energy, automobiles are subversive innovations and have a far-reaching impact on the existing industrial structure. Automotive intelligence is expected to bring trillion-level incremental market space, but also is expected to bring about huge technological changes, industrial ecological changes and the reconstruction of industrial chain value.

Zhang Yukun, manager of the Oriental Ruixin Hot Spot Mining Fund, believes that the sustained and healthy development of the macro economy will become a strong support for the stock market. In 2022, the structural characteristics of the A-share market will remain obvious, and we will continue to be optimistic about investment opportunities in two directions.

"First, new energy vehicles, semiconductors, photovoltaics, military and other growth sectors, due to the high certainty of downstream demand growth, the performance of listed companies continues to improve, and the medium and long-term growth space is still large." However, the internal market of the plate may be differentiated, taking lithium battery materials as an example, with the rapid expansion of industry supply, the price of some products will appear downward this year, and it is necessary to maintain close tracking. The second is some subdivided industries in the traditional cyclical plate, such as petrochemicals, industrial metals, coal, fertilizers, etc. We are optimistic about the performance of commodity prices, the global market still has greater inflationary pressure, while domestic stable growth measures have been continuously landed, and the cyclical plate market is still in an upward trend. Zhang Yukun said.

Remarks: The effective date of the Contract of the Oriental New Energy Automobile Theme Hybrid Fund: On June 21, 2018, it was transformed from the original Oriental Growth Small and Mid Cap Hybrid Fund, Mr. Li Rui served as the fund manager of the Fund on the same day, and the net value growth rates from 2018 to 2021 and the past three years were: -22.21%, 27.42%, 116.30%, 52.14%, 319.32%, and the benchmark yield of the performance comparison for the same period was -20.75%, 35.80%, respectively. 77.60%、34.12%、223.48%。 (Source: Fund Periodic Reports, Deadline: 20211231)

The contract of the Oriental Innovation and Technology Fund came into effect: September 8, 2015, Jiang Qian's tenure from August 29, 2019 to the present, Guo Rui's tenure from 2016.12.27 to 2019.8.29, Qiu Yipeng's tenure from 2016.7.1 to 2017.1.19, and Zhang Hongjian's tenure from 2015.9.8 to 2016.7.1. The annual net value growth rates from 2016 to 2021 and the past three years and the past five years were -18.37%, 4.76%, -29.94%, 56.03%, 112.38%, 32.14%, 337.87% and 221.35%, respectively, and the performance comparison benchmarks for the same period were -7.07%, 10.73%, -13.57%, 21.43%, 16.22%, -1.88%, 38.45% and 32.55%, respectively. (Source: Fund Periodic Reports, Deadline: 20211231)

Effective date of the Contract of Oriental Theme Select Hybrid Fund: On March 23, 2015, Mr. Jiang Qian has been the fund manager of the Fund since January 2, 2019, Mr. Wang Xiaowei has been the fund manager of the Fund since 2016.11.2-2019.1.1, Mr. Qiu Yipeng has been the fund manager of the Fund since 2015.6.30-2017.1.19, and Mr. Hu Zhenyi has been the fund manager of the Fund since 2015.3.23-2015.8.20. From 2016 to 2021, the growth rate of the fund's net value in the past three years and the past five years was -22.00%, -1.70%, -34.74%, 35.68%, 108.42%, 51.07%, 327.21%, and 174.04%, respectively, and the benchmark return rate of performance comparison in the same period was -7.07%, 10.74%, -13.54%, 21.41%, 16.22%, -1.88%, 38.45%, and 32.55%. (Source: Periodic Reports of the Fund, Deadline: 20211231).

Oriental Ruixin Hotspot Mining A and C was established on April 15, 2015, Mr. Zhang Yukun has been the fund manager of the Fund since August 16, 2016, oriental Ruixin Hotspot Mining A2016-2021 and the past three years and the past five years net value growth rates are: -21.76%, 12.01%, -28.09%, 30.33%, 49.68%, 49.56%, 191.76%, 135.00%, Oriental Ruixin Hotspot Mining C2016- The net value growth rates in 2021 and the past three years and the past five years were: -22.42%, 11.02%, -28.70%, 27.45%, 48.47%, 48.36%, 180.74%, 122.21%, respectively, and the benchmark return on performance comparison for the same period was -7.02%, 14.79%, -15.97%, 26.39%, 20.09%, 0.90%, 0.84%) (data source: fund periodic report, Deadline: 20211231)

This article originated from Capital State