On July 1, Capital State learned that the first half of 2021 officially came to an end, and the "middle school examination" results of public funds were officially released. Wind data shows that as of yesterday, in the performance of partial stock funds with a scale of more than 5 billion yuan, SDIC UBS National Security lost 11% in the first half of this year, ranking first from the bottom.
SDIC UBS National Security lost 11% this year, fund manager Li Xuan
According to the data, the fund manager Li Xuan, a Chinese national, has a master's degree in management from the University of Leeds, UK. 13 years of experience in securities industry. He was a researcher at Debon Securities and an analyst at Shanghai Star Hi-Tech Group Industrial Investment Company. In April 2010, he joined the research department of SDIC UBS Fund. Since December 3, 2014, he has been the assistant manager of SDIC UBS Beauty China Flexible Allocation Hybrid Fund. Since December 2, 2015, he has served as the fund manager of SDIC UBS National Security Fund, from April 18, 2017 to June 10, 2017, he served as the manager of SDIC UBS CMB Capital Guaranteed Hybrid Fund, and from June 10, 2017 to December 29, 2018, he served as the manager of SDIC UBS C&C Flexible Fund.
According to the first quarter report of 2021, as of the end of the reporting period, the net value of the fund shares was 1.058 yuan, the growth rate of the net share value of the reporting period was -20.21%, and the benchmark yield of the performance comparison in the same period was -1.64%.
As of the end of the reporting period, the top ten heavy stocks of the fund were Zhongzhi Shares, AVIC Shenfei, AVIC Electromechanical, Hangfa Power, AVIC Electronics, Inner Mongolia First Aircraft, Zhongjian Technology, Hongdu Airlines, AVIC Hi-Tech, and Phillips.
In addition, the fund manager said that the fund will adhere to the core military stocks as the main target in 2021. The fund defines the core military stocks as follows: 1. More than half of the military revenue and the company's competitive advantage is difficult to shake due to the depth of technology; 2. The company or subsidiary has first- and second-level confidentiality qualifications, indicating that the military determines that the company is indeed important; 3. Produce main battle equipment and supporting products. General assembly and key subsystem companies are the core military product manufacturers in the defense industry, such as the listed companies that undertake the main battle equipment of the 2019 National Day military parade, which is the core military industry stock.
It is reported that Li Xuan said that since its establishment, the SDIC UBS National Security Fund has been investing its main assets in the core military industrial stocks of the defense industry in accordance with the provisions of the contract, insisting on maintaining the style of the fund without drifting, and abandoning the military concept stocks with no performance and no high-tech military technology support.
At present, in the performance of the second quarter, the SDIC UBS National Security Fund has not escaped the negative performance.
This article originated from Capital State