Home » The first batch of equity funds disclosed in their 2023 quarterly reports that they have increased their positions in the resource sector and consumer electronics

The first batch of equity funds disclosed in their 2023 quarterly reports that they have increased their positions in the resource sector and consumer electronics

by admin
The first batch of equity funds disclosed in their 2023 quarterly reports that they have increased their positions in the resource sector and consumer electronics

China Equity Funds Quarterly Reports 2023: Resource and Consumer Electronics Sectors in Focus

By Ruohui, China Fund News reporter

The first batch of equity funds’ quarterly reports for 2023 have been disclosed, revealing the investment strategies of fund managers for the year-end stock exchanges. The latest Four Seasons Report showed that some funds anticipated the “coal boom” trend in A-shares by positioning in the resource sector, while others adjusted their holdings to take advantage of the upcoming replacement cycle in the consumer electronics industry.

The reports also disclosed the first batch of public offering FOF (Fund of Funds) quarterly reports, indicating that funds with heavy positions in the coal sector are a key target for FOF.

Many fund managers expressed optimism for resource stocks as the top choice among procyclical varieties. They cited the expected replacement cycle for consumer electronics products and the strong catfish effect brought by Huawei as contributing factors to their bullish sentiment.

China-Europe Jinquan Fund, for example, added positions in the coal sector according to its latest quarterly report. Portfolio managers Hu Qiongyu, Liu Yong, and Zhang Yuepeng emphasized the stability of cash flow and high-quality dividends in their investment approach, with a focus on high-dividend assets and industries with good cash flow. They continued their allocation to the pharmaceutical sector, citing the growing need for medicine in the aging era.

On the other hand, SDIC UBS Industrial Upgrade increased its position in the consumer electronics sector in the fourth quarter of last year, signaling a focus on new consumer electronics equipment and end-side AI development. Fund managers Shi Cheng and Li Wei forecast a new replacement cycle and the emergence of new consumer electronic terminals, such as MR headsets, AR glasses, AI mobile phones, and AI PCs in 2024.

See also  The combination of policies encourages car consumption citizens who "hold money to buy" to actively choose cars-Jingchu Net-Hubei Daily Net

Meanwhile, the public offering FOF position rebalancing directions have been exposed, with funds actively adding positions in equity funds that are expected to benefit from recovery in various sectors.

Deng Da, the fund manager who manages China-Europe Fund’s FOFs, emphasized the stable allocation of equity assets and the optimization of the internal structure to maintain better risk-return characteristics.

The Securities Times provides this information for reference only and doesn’t constitute investment advice. For the latest market trends, policy information, and wealth opportunities, they encourage following their official platforms.

For more comprehensive and accurate news, download the official APP of “Securities Times” or follow their official WeChat account.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy