Reporter Du Meng
"My goal is to be in the top 20% per year." The 3 funds managed have all ranked within the top 50 in returns this year, and Wang Peng, the fund manager of TEDA Manulife, is one of the most proud of the spring breeze in this year's extremely differentiated market.
A few days ago, Wang Peng is issuing a new fund - "TEDA Manulife Emerging Boom Leader".
According to the offering information, the fund subscription period is from October 8 to October 21, and the fundraising scale is capped at 5 billion yuan. The proportion of the fund investing in stocks related to the theme of "emerging prosperity leaders" is not less than 80%, of which the proportion of stocks invested in hong Kong stocks is not less than 50%.
According to public information, Wang Peng has 9 years of experience in the securities industry and nearly 4 years of fund manager management experience, and currently manages 3 funds, with a total management scale of 2.6 billion yuan.
As a fund manager with less than 4 years of experience, Wang Peng's longest-managed fund is TEDA Manulife Transformation Opportunity, who has been a fund manager since December 19, 2017, with a return of 268.88% during his tenure and a return of 50.27% this year, ranking 8/544 among similar funds.
TEDA Manulife Transformation Opportunities yielded -29.88% in 2018 and -25.31% in CSI 300 in 2018. In that year, Wang Peng restocked the banking, real estate, and new energy manufacturing sectors.
"The fund's returns are not satisfactory because the fund manager has obvious industry dependence and ignores the choice of meso industry." Fund managers come from a research manufacturing background, so their positions are more concentrated in the manufacturing sector. In the future, the fund will increase the choice of boom industries, adhere to the selection of leaders in booming industries, and reduce the probability of making mistakes. In the 2018 annual report, Wang Peng said.
Subsequently, in 2019, the fund carried out a large proportion of repositioning and stock exchanges. A rapid switch was made between the large and small plates, abandoning the non-banking financial and real estate sectors and choosing the leading industries such as consumer electronics, aquaculture, consumption, and medicine.
Entering 2020, with the rise of the new energy sector, the fund has once again adjusted its positions, and its holdings are concentrated in the new energy vehicles, photovoltaics, military industry, medicine and other sectors with high prosperity.
It is worth noting that the fund's position change rate in 2018, 2019 and 2020 was more than 600%, and last year's position change rate reached 768.12%.
Taking the positions disclosed in this year's semi-annual report as an example, compared with the first quarter, 8 of the top ten heavy stocks have entered the ranks of new heavy stocks in electrical equipment. So far, the top ten heavy stocks of the fund are all stocks in the new energy industry chain, becoming a "new energy vehicle industry theme fund".
All the way to follow the industry boom plate, at present, it seems that Wang Peng gambled right. Wang Peng said in the semi-annual report that based on the judgment of the industrial cycle, the fund concentrated on the middle and upstream of the new energy vehicle industry chain with high prosperity in the first half of the year. In the second half of the year, new energy vehicles have a high probability of having obvious advantages in industry comparison.
As for his own investment system, Wang Peng said in an interview that "the leader of the investment boom industry pursues Davis double-click." For investors, it is to make both performance growth money and valuation improvement money.
Not only to track the boom industry on the market, to select the individual stock leaders in the industry, but also to earn the income of Davis double-click, Wang Peng, who has been in the industry for less than four years, can succeed?