1. Liu Changchang
Earnings: 92.24% of tenure returns, and the drawdown will be well controlled before 2022.
Position: Diversified, heavy positions in new energy and medicine
Background: In July 2010, Liu Changchang, who graduated from the Graduate School of the People's Bank of China with a master's degree, joined Huaan Fund as a fresh graduate and has been working until now, and has never changed jobs. During his tenure as a researcher, Liu Changchang deeply tracked the machinery and steel industries, in addition to these two industries, he also covered the textile and garment, brokerage, and light industry industries, and later gradually expanded his circle of competence, and quickly accumulated to cover the consumer, science and technology industries.
In January 2020, he became a fund manager with a management scale of 6.7 billion.
Investment approach: a combination of top-down and bottom-up, guided by the cycle, and then doing bottom-up stock picking. When the cycle is not conducive to the development of the industry to which they belong, these stocks will be excluded from the portfolio, and companies that are overvalued will be avoided when selecting stocks.
"Ten Years of Sharpening a Sword, Accumulating Steadily!Liu Changchang, Huaan New Fund Manager"
Investment characteristics: choose the right time, adhere to the operation of higher positions, disperse positions, almost no heavy stocks, take manufacturing as the core of industry allocation, prefer small and medium-sized market capitalization, and subdivide leaders.
The reason for Hua'an Culture, Sports and Health's hip pull after 2022: taking over new energy and medicine at a high level, Liu Changchang's management scale has become larger.
Institutions redeemed Hua'an Cultural and Sports Health in large numbers.
Second, Xia Linfeng
Earnings: 105.29% returns, not good at controlling drawdowns.
Position: Balanced, heavy positions in electronics, power equipment, social services, medicine and biology, building materials.
Background: Master of economics from Fudan University, worked as a researcher at Shanghai High Voltage Electrical Apparatus Research Institute. He joined Huabao Fund in July 2010 and has been researching in various sectors such as food and beverage, real estate, banking, TMT, new energy, chain consumption, and e-commerce new consumption.
On December 22, 2014, he became the fund manager, with a management scale of 1.6 billion.
Investment Method:
Huabao Fund · Xia Linfeng: Choosing stocks with endgame thinking, choosing time with cyclical thinking, looking for heroes in distress
Finale thinking stock selection is to focus on "doubling in three years" and carefully selecting those companies that can accompany their investment career all the time.
When choosing a cycle of thinking, it is necessary to understand three cycles: the company's valuation cycle, the economic and industrial boom cycle, and the penetration cycle. Buy at the bottom of multiple periods that coincide and sell at the top of multiple periods that coincide.
Looking for heroes in distress is reverse investment, first to see whether the industry situation is reversible, then to look at the market competition pattern, and finally to look at the company's management.
Risk Warning:
Both stocks and funds are risky, so you need to be cautious when investing. This number is mainly to sort out some knowledge points, as well as their own feelings on the road to investment, just look at it as a personal note, the disclosure is mainly to facilitate their own inquiry, but also hope to produce some help to others, does not constitute any investment advice, the proposed funds, stocks do not make any recommendations.
In addition, the views of the article only represent the thoughts at the time of writing, which may be right or wrong, and may change in the future