A few days ago, the eighteenth (2020) ChinafundThe Industry Golden Bull Award was officially announced.Relying on outstanding investment and research capabilities and the high level of its fund productsPerformancePerformance, known as the “fundamental investment expert”Penghua FundWon the blockbuster awards. Among them, Penghua Fund won the “Golden Bull Fund Management Company” award with the most gold content in 2019, and once again won the “Golden Bull Fund Management Company” award in 2020. In addition, Penghuafeng Rongdingkai Bond (000345), a subsidiary of Penghua Fund, won the three-year open-end bond-type continuous winning Golden Bull Fund award.
The Fund Golden Bull Award selection activity organized by China Securities Journal fully implements the long-term principle and has become a new vane of industry development.In recent years, the selection rules of the Golden Bull Award have featured changes of “highlighting long-term, focusing on rights and interests, streamlining the quantity, and enriching indicators”, which will effectively empowerfund companyThe establishment and implementation of a long-term assessment and incentive mechanism. The changes in the Golden Bull award rules will have a significant impact on the internal assessment and incentive management of fund companies, which will help establish a stable equity investment system, produce products with clear styles, and help holders obtain long-term benefits. Jinniu’s three-year, five-year, and seven-year awards are all based on cumulative performance, which is expected to promote the fund industry to further establish a long-term evaluation mechanism. As the most authoritative award in the fund industry, the Golden Bull Award fully implements the long-term principle of fund evaluation.
Rooted in the inherent genes of long-termism, the Golden Bull Award has increasingly become the “touchstone” for the long-term performance of the fund industry and the “baton” for the long-term mechanism. Under the guidance of regulatory policies and the active promotion of evaluation institutions, the Penghua Fund, which was awarded the Golden Bull Fund Company this time, upholds the long-term spirit of the Golden Bull Award, actively supports the guiding role of long-term evaluation on the healthy development of the fund industry, and is committed to actively disseminating investment research The concept and method will pass the Penghua Fund’s “fundamental investment expert” competence circle to more investors, and strive to create outstanding and sustainable long-term returns for holders. Industry insiders pointed out that the long-term cumulative performance of a publicly offered fund demonstrates the investment strength of a fund manager in response to various changes. The introduction of long-term cumulative performance in the assessment of fund managers is the general trend, and the long-term cumulative performance assessment has been invested with Penghua Fund. Culture fits seamlessly. Starting in 2020, Penghua Fund adopts a long-term and short-term assessment method. The weights of one-year performance, three-year cumulative performance, and five-year cumulative performance are balanced in the long-term, and long-term cumulative performance accounts for a relatively high proportion.
The active equity investment field has always been regarded as a territory for competing investment and research hard power, and it is also the traditional advantage field of Penghua Fund. In terms of medium and long-term return cycles, Galaxy Securities data shows that as of September 10 this year, in the past three years,CSI 300The index rose by 54.64%, while 36 active equity companies under Penghua had a return rate of more than 60% over the same period, and 32Fund net worthThe growth rate exceeds 100%, and the income is doubled. Among them, Penghua Value Selection (206012), Penghua Research Selection (005028), Penghua Brand Inheritance (000431), etc., the net value growth rate of the five funds in the same period exceeded 200%, achieving a double growth of income. The net growth rate of Penghua Environmental Protection Industry (000409) over the same period exceeded 300%, becoming a rare three-year “triple basis” in the market, bringing investors a steady and sustainable historical investment return. In addition, according to the data of the Yinhe Securities Public Fund Manager’s Investment Active Management Ability Evaluation Table (arithmetic average), as of June 30, 2021, in the evaluation of fund managers’ active management ability of stock investment in the past five years, Penghua Fund The 17 participating funds have an average stock investment active management net growth rate of 166.32%, ranking 6/82 in the entire market, and ranking third among the top 20 non-money public funds at the end of 2020.
In the field of fixed income investment, Penghua Fund, which has undergone 18 years of market hardening, has a solid foundation. The fixed income “golden team” has a solid foundation and has many high-quality products that have surpassed the test of the bull and bear in the bond market.Taking the Penghua Fengrong Fund (000345), which won the Golden Bull Fund Award this time, as an example, Galaxy Securities data shows that as of September 10 this year, the fund had a net worth of 31.54% and 47.82% in the past three years and the past five years, respectively. The growth rate is among the dozens of regular open-ended ordinaryBond funds(Convertible bonds) (Class A) First.According to the evaluation list of the active management ability of bond investment of Galaxy Securities public fund managers, as of March 31, 2021, Penghua’sDebt baseIn the past three years, the arithmetic average bond investment active management yield was 17.18%, ranking top 10 in the market; the arithmetic average bond investment active management yield in the past five years was 22.24%, ranking top 20 in the market.
In fact, as one of the “old ten” fund management companies in the public equity industry, Penghua Fund is known as the “fundamental investment expert”. Yu discovers and invests in outstanding listed companies with growth potential through in-depth research, shares the company’s development results through long-term investment, and invests in companies with undervalued companies to obtain excess returns. In many years of investment research practice, through the establishment of a rigorous and complete investment research system, Penghua Fund has gradually formed a sustainable fundamental investment research strength, and strives to understand the changes in market fundamentals under different economic environments, and seek to meet industry The best investment targets with sustainable competitive advantages and good profitability can create long-term value for investors. After years of hard work, the current investment research team of Penghua Fund has formed a certainty that pays more attention to the pursuit of long-term returns in investment, ignores the volatility of short-term performance, and reduces the uncertainty of individual stock investment through the certainty of portfolio investment. Create a situation where you can work hard to win in the long-distance investment race.
(Source: Investment Times)
(Original title: Penghua won the honor of Golden Bull Fund Management Company again for the golden sign of “Fundamental Investment Expert” | Fund)
(Editor in charge: DF552)
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