HSBC Jinxin Large Market Volatility Select Equity Securities Investment Fund
Class A 002334
Category C 002335
- The performance of fund class A in the past 1 year and 2 years ranked in the top 10% of Haitong's similar category
- Drawdown and volatility control are better than the average of the same category
- Select high-profit, low-valuation stocks to build a low-volatility portfolio
- Escort by a powerful fund company
- Dual fund managers at the helm, strength blessing
The performance ranking of fund class A in the past 1 and 2 years, Haitong is in the top 10% of its peers
As of February 29, 2024, the return rate of Class A of the Large Cap Volatility Select Fund in the past 1 year and 2 years ranked in the top 10% of Haitong's peers.
Source: Haitong Securities, Active Equity Open Classification, as of February 29, 2024. Earnings ranking by interval: past year: 69/815, last two years: 55/661, last three years: 76/471, last five years: 267/303. Past performance and net worth of a fund are not indicative of its future performance, and the performance of funds managed by the fund manager does not constitute a guarantee of the performance of other funds. The market is risky, and investors need to be cautious.
The return rate of the fund class A is 40.14% since its inception, significantly outperforming the benchmark for the same period (15.46%)
Data source: The fund performance and benchmark are from HSBC Jinxin, and the performance is reviewed by the custodian bank, and the performance comparison benchmark is CSI 300 Index * 90% + interbank deposit interest rate (after tax) * 10%, from March 11, 2016 to February 29, 2024. Past performance and net worth of a fund are not indicative of its future performance, and the performance of funds managed by the fund manager does not constitute a guarantee of the performance of other funds. The market is risky, and investors need to be cautious.
Awarded a three-year five-star rating ★★★★★ by Haitong Securities
Source: Haitong Securities, as of 2023.12.31. The past performance of the fund and its net worth are not indicative of its future performance, the market is risky, and investment should be cautious.
Drawdown and volatility control are better than the average of the same category
The Fund adopts a "Volatility Optimisation Strategy", which focuses on the management and control of portfolio drawdowns and volatility. In the past two years, the annualized volatility and maximum drawdown of fund A have been better than the average of the same category and the CSI 300 Index.
Data source: Wind, the average of the same kind is the average of the Wind same kind, as of 2024.2.29. Maximum drawdown: The maximum value of the return drawdown when the product's net value reaches the lowest point when pushed back at any historical point in the selected period. The smaller the absolute maximum drawdown, the smaller the drawdown risk of the fund, and vice versa. Annualized volatility: The annualized value of the standard deviation of the return over a specified range. A higher annualized volatility value means that the return is farther away from the past average value, so the higher the volatility risk, and conversely, the smaller the annualized volatility value, the lower the volatility risk. Past performance of the fund is not indicative of the future, the market is risky, and investment should be cautious.
Select high-yielding, low-valuation stocks to build a low-volatility portfolio
Utilizing the successful "Valuation-Earnings Stock Selection Strategy" of HSBC Group* overseas as the stock selection process
Using the successful "Valuation-Earnings Stock Selection Strategy" of HSBC Group* overseas as a stock selection process, we select high-profit and low-valued stocks.
Source: HSBC Jinxin, the above image is for illustrative purposes only
Strategy 2: Adopt the HSBC Group's Volatility Optimisation Strategy
The HSBC Group* Volatility Optimisation Strategy is used to analyze the past performance, volatility and correlation of the stocks included in the core pool to reduce portfolio volatility and provide recommendations for individual weights and sector weights in the portfolio.
Source: HSBC Jinxin
*The business segregation system is implemented between the fund manager and the shareholders, and the shareholders do not directly participate in the investment and operation of the fund property.
Based on the agreement in the fund contract, the fund strives to select high-profit and low-valuation stocks for investors and construct a low-volatility portfolio. Under the "valuation-earnings" stock selection strategy and the "volatility optimization strategy", the positions are more dispersed, and the concentration of heavy stocks is low. As of the end of the fourth quarter of 2023, the top 10 heavy positions accounted for 15.54% of the fund's net value, and the top 10 heavy positions of the fund are relatively diversified, covering food and beverage, electronics, banking, agriculture, forestry, animal husbandry and fishery, non-ferrous metals, automobiles, computing, power equipment and new energy.
Data source: Wind, the average of the same kind is the average of the Wind same kind, as of 2024.2.29. Maximum drawdown: The maximum value of the return drawdown when the product's net value reaches the lowest point when pushed back at any historical point in the selected period. The smaller the absolute maximum drawdown, the smaller the drawdown risk of the fund, and vice versa. Annualized volatility: The annualized value of the standard deviation of the return over a specified range. A higher annualized volatility value means that the return is farther away from the past average value, so the higher the volatility risk, and conversely, the smaller the annualized volatility value, the lower the volatility risk. Past performance of the fund is not indicative of the future, the market is risky, and investment should be cautious.
Dual fund managers at the helm, strength blessing
Fang Lei
Fund Manager
Master of Mathematics from Nanyang Technological University, Singapore, 23 years of experience in the securities industry, including 11 years of experience in mutual fund management. He used to be a statistician of Shanghai Changning Health Bureau, a statistician of Shanghai Electric Co., Ltd., a financial engineer of Phillip Securities Ltd. Pte, a financial analyst of Shanghai Dejin Investment Co., Ltd., a data analyst of Delong Youlian Strategic Investment Management Co., Ltd., a consultant statistician of Yiping Consulting Co., Ltd., the deputy director of the risk management department and the director of the regular investment department of HSBC Jinxin Fund Management Co., Ltd. He is currently the Chief Operating Officer of the Equity Investment Department, and the Fund Manager of HSBC Jinxin Hang Seng A-share Industry Leading Index Fund, HSBC Jinxin Large Cap Volatility Select Equity Fund and HSBC Jinxin Small and Mid Cap Low Volatility Strategy Equity Fund.
Liu Yuliang
Fund Manager
Master of Applied Economics, Nanyang Technological University, Singapore. With 3 years of experience in the securities industry, he has served as a fund manager since November 18, 2023. He used to be a researcher at Beijing Times Rich Investment Consulting Co., Ltd., a researcher and an assistant fund manager at HSBC Jinxin Fund Management Co., Ltd. He is currently the fund manager of HSBC Jinxin Hang Seng A-share Industry Leading Index Fund, HSBC Jinxin Large Cap Volatility Select Equity Fund, and HSBC Jinxin Small and Mid Cap Low Volatility Strategy Equity Fund.
Data source: HSBC Jinxin as of 2023.12.31
We always adhere to the effectiveness of the investment strategy, integrate the entire investment research process, and practice a systematic and industrialized investment approach to ensure that the style characteristics of the company's products are continuous and unified, and will not change due to changes in market style and fund managers.
The performance of HSBC Jinxin Large Market Volatility Select A in the past 5 years (performance compared to the benchmark yield) is as follows:
19.67% (32.54%) in 2019, 8.76% (24.54%) in 2020, 6.05% (-4.64%) in 2021, -10.77% (-19.43%) in 2022, and 3.33% (-10.2%) in 2023.
The fund managers during the period are: Liu Yuliang (2023.11.18-present), He Zhe (2021.04.24-2023.07.15), Fang Lei (2016.03.11-present).
Data source: HSBC Jinxin regular report, performance reviewed by the custodian bank, as of 2023.12.31. The past performance of the fund and its net value are not indicative of its future performance, and the performance of the fund managed by the fund manager does not constitute a guarantee of the performance of other funds.
Risk Warning
Funds are risky and should be invested with caution. The fund manager manages and uses the fund assets in accordance with the principles of good faith, diligence and responsibility, but does not guarantee that the fund will be profitable, nor does it guarantee the minimum return, and in a few extreme cases, investors may lose all the principal. Investment is risky, the past performance of the fund and its net value are not indicative of its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the performance of the fund. The fund manager reminds investors of the principle of "buyer's responsibility" in fund investment, and investors are advised to choose fund products that are suitable for them according to their own risk tolerance.
HSBC Jinxin Large Cap Volatility Select Fund is an equity fund, which is a fund product with higher expected risk and expected return among securities investment funds, and its expected risk and expected return are higher than those of hybrid funds, bond funds and money market funds
Due to the particularity of China's stock market, the use of this strategy may make the actual performance of the fund fluctuate more than the performance benchmark for a period of time, and deviate from the setting of investment objectives. The information provided in this material is based on or from sources believed to be reliable, but is not guaranteed to be accurate or complete, is for informational purposes only and does not constitute substantive advice to readers.
This material is only a promotional material and is not intended as any legal document, please carefully read the fund's fund contract, prospectus, product key facts statement and other legal documents for details.