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Editor's note: On April 4, 2024, the State Council issued the "Several Opinions on Strengthening Supervision and Risk Prevention to Promote the High-quality Development of the Capital Market", proposing to strengthen the supervision of securities and fund institutions and steadily reduce the comprehensive rate of the public fund industry. Comprehensively strengthen the investment and research capacity building of fund companies, enrich the types of investable assets and investment portfolios of public funds, and transform from scale-oriented to return-oriented for investors.
Xinhua Finance and Economics, Beijing, May 13 -- Researchers from Xinhua Finance and Bread Finance have sorted out the active equity products (including common stocks, partial stock hybrids, and flexible allocation) with relatively stable performance of public funds in the asset management department of securities firms.
According to the data, as of May 9, 2024 (the same below), more than 10 brokerage asset management active equity funds (the initial caliber of the fund) have had positive returns this year and in the past two years, with an annualized rate of return of more than 5% since their establishment, and their performance is relatively stable. Among them, Orient Securities Asset Management and Zhongtai Asset Management have more products on the list.
Figure 1: Some brokerage asset management funds with relatively stable performance are active equity funds
Orient Securities Asset Management: 6 products on the list of "New Power A" have returned more than 300% since its inception
Six active equity funds under Orient Securities Asset Management are on the list, including Dongfanghong New Power A, Dongfanghong Jingdong Big Data A, Dongfanghong Ruixuan three-year fixed opening and other products.
Among them, Dongfanghong New Power A was established in January 2014, with the investment goal of "grasping some major trends in China's economic transition, digging deep into investment opportunities hidden in the general trend, strictly controlling risks, and striving to achieve long-term stable appreciation of fund assets", and the performance comparison benchmark is "CSI 300 Index Yield * 70% + China Bond Total Index Yield * 30%".
As of May 9, the fund has stable medium and long-term performance, with a cumulative return of more than 300% since its establishment 10 years ago, outperforming the performance benchmark by more than 200 percentage points, ranking 8/218 in the same category. The fund has returned 15.27% annualized and 24.65% over the past 2 years.
Figure 2: The net value trend of Dongfanghong New Power Hybrid A since its establishment
The current fund manager of Dongfanghong New Power is Zhou Yun, with an annual management fee of 1.2%. According to the report for the first quarter of 2024, the fund's top 10 heavy stocks include Luxshare Precision, Hisense Video, Conch Cement, etc.
The long-term performance of Dongfanghong Jingdong Big Data A is also relatively stable. The fund was established in July 2015 and has achieved a total return of 153.2% since its inception more than 8 years ago, outperforming the performance benchmark by more than 150 percentage points, ranking 22/587 in its peer group. The fund has returned 11.16% annualized since its inception.
The data shows that the fund will have a net value drawdown in 2018 and 2022, with -22.21% and -10.81% respectively.
Zhongtai Asset Management: 4 products on the list of "Xingyuan Value Preferred A" with a return of more than 150% in 5 years
Zhongtai Asset Management's 4 active equity products are on the list.
Among them, Zhongtai Xingyuan Value Preferred A was established in December 2018 and has good medium and long-term performance. As of May 9, the fund's net value has risen by 155.88%, outperforming the performance benchmark by more than 130 percentage points, ranking 59/1674 in the same category. The annualized return of the fund has reached 18.88% since its inception.
Figure 3: The net value trend of Zhongtai Xingyuan Flexible Allocation Hybrid A since its establishment
The investment objective of the fund is "to closely track the development direction and cyclical changes of China's economy, to explore listed companies with leading indicators and development potential in various industries, to share the results of China's sustained and rapid economic growth, and to obtain investment returns that are higher than the performance benchmark." ”。 The benchmark for performance comparison is "CSI 800 Index Yield * 60% + China Bond Composite Index Yield * 40%".
According to the report for the first quarter of 2024, the fund's top 10 heavy stocks include Sun Paper, China State Construction, Industrial and Commercial Bank of China, etc. As of May 9, the net value of Zhongtai Xingyuan Value Preferred A rose by 14.1% during the year, outperforming the performance benchmark by more than 9 percentage points.
Zhongtai Yuheng Value Preferred A also performed better. The fund's net value has risen by 130.06% over the past five years, outperforming the performance benchmark by more than 120 percentage points, ranking 43/1699 in the same category. The annualized return of the fund has reached 17.58% since its inception.
Among the asset management products of other brokerages, Huatai Zijin Taiying A and CITIC Securities Outstanding Growth Holding A for two years have also been relatively stable since the beginning of this year and in the past two years.
[Read Financial Report] is a column jointly created by Xinhua Finance and Bread Finance with the interpretation of financial reports of listed companies as the main content. Xinhua Finance is a national financial information platform built by Xinhua News Agency, which comprehensively covers the global stock market, foreign exchange market and bond market, and provides authoritative, professional and comprehensive financial information services.
Editor: Wang Yuanyuan
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