When the scale of public fund management rushed to 23 trillion yuan, the number of funds in the entire market exceeded 8,000, and the number of fund managers reached more than 2,400, it became more and more difficult for ordinary investors to choose a base. However, with the help of specialized foundation selection tools, institutions can often be the first to screen out fund managers who are low-key but have good management capabilities.
Wang Haifeng of Yinhua Fund is just such a new-generation fund manager representative who has emerged from the big data of the institution. Wang Haifeng is a fund manager with a mixed professional background who has managed public offerings for more than 5 years. He is relying on his outstanding performance and clear investment style to continuously step into the field of vision of institutional investors and ordinary investors.
Some insiders commented: “There are not many fund managers who can get high scores in institutional data scores, especially some relatively large channels. Their requirements are very strict. This just proves Wang Haifeng’s investment management from the side. It does have its own style.”
Recently, a new fund at the helm of Wang Haifeng-Yinhua Xinli One-Year Holding Period Hybrid is being issued. Compared with other products currently managed by Wang Haifeng, this fund has increased the investment scope of the Hong Kong stock market and has more diversified allocations. .
Outstanding performance, leading the class
Speaking of Wang Haifeng, many ordinary individual investors have no impression. In fact, in the beginning, Wang Haifeng was not the first to pay attention to the talented Yinhua Fund. But the fragrance of wine is not afraid of the depth of the alley. A good fund manager is like a jar of fine wine hidden in the alley. The keen channel is the first to find the fragrance.
Wang Haifeng has nearly 13 years of securities industry experience and 5 years of investment experience. He joined Yinhua Fund in 2008 and has served as assistant researcher, industry researcher, research supervisor, special account investment manager, and public fund manager. Products currently under management include Yinhua Xinsheng Flexible Configuration Hybrid and Yinhua Xinrui Flexible Configuration Hybrid. It is worth mentioning that he is not only a student of Peking University, but his professional background includes bioengineering, economics, and software engineering. He is a compound fund manager.
According to data, Wang Haifeng started to manage Yinhua Xinsheng’s flexible configuration mix in October 2018, and the management time is more than 2 years. From the performance point of view, Galaxy data shows that as of May 31, Wang Haifeng’s income during his tenure reached 181.6%, exceeding the same period. The benchmark is 149.51%, of which the income in the past year is 57.52%, ranking in the top fifth of similar products. Another Yinhua Xinrui managed by it has a flexible configuration and mix. As of May 31, the income during the tenure was 115.16%, which exceeded the comparison benchmark for the same period by 94.16%. The income in the past year reached 66.06%, ranking among the top 10 of similar products. one.
What is rare is that, judging from the retracements of these two products, Yinhua Xinsheng’s flexible configuration mixing has the largest retracement in the past year -7.58%, and Yinhua Xinrui’s flexible configuration mixing has the largest retracement in the past year -6.86%.
Respect the market and invest steadily
Attributing the performance of Wang Haifeng’s management products can be found to be inseparable from his investment style. In summary, Wang Haifeng’s investment philosophy has two main points, one is to invest steadily, and the other is to respect the market. Wang Haifeng said: “My overall holdings are diversified, mainly through the research of each industry and individual stocks to increase the winning rate, from small wins to big wins, and it is not completely bottom-up. It will change according to the major types of assets. Cycle changes and industry chain research and research, etc., to find the most suitable investment direction is equivalent to digging out the more advantageous sub-sectors and sub-links of the industry from the meso dimension, and then looking for the target from the bottom up, so as to achieve the effect of getting twice the result with half the effort.
When it comes to industry judgments, he tends to look at the industry with a cyclical mindset, looking for industries that are on the rise in the next one or two years, and at the same time conduct a horizontal and vertical comparison of valuation, and then choose a cost-effective buying point. “As you can see from the portfolio, I am not a deep value investor, and there will be high-growth and high-growth stocks in the portfolio.” Wang Haifeng further said.
As for the selection of individual stocks, in Wang Haifeng’s view, “We emphasize the risk-return ratio, select the most important indicators, and select the most relevant targets based on the indicators. At the same time, mines need to be cleared when the risk is not high. In addition, we must also combine the target’s upward trend. Space, including new product research, equity incentives and other aspects to further judge.”
In addition to Wang Haifeng’s increasingly mature investment framework, behind him is the support of the entire equity team of Yinhua Fund. In recent years, the equity team of Yinhua Fund has demonstrated excellent management capabilities. According to data from Haitong Securities, as of June 30 this year, the absolute returns of the equity team in the past three and five years were 136.71% and 184.83%, respectively. Ranked second among 20 large and medium-sized fund companies.
Yinhua Xinli One-Year Holding Period Hybrid Is Issuing
Recently, the author noticed that Wang Haifeng brought his new work-Yinhua Xinli one-year holding period mixed, which is now being released.
It is reported that this product has the same place as other funds currently managed by Wang Haifeng, and the investment idea is similar to the Yinhua Xinsheng flexible configuration hybrid and Yinhua Xinrui flexible configuration hybrid currently under management. But the difference is that Yinhua Xinli is a one-year holding period product, and investors need to hold it for at least one year after buying it, and cannot sell it during the one-year holding period.
In addition, from the perspective of investment scope, Yinhua Xinli can also invest in Hong Kong stocks with a wider range of allocations. Wang Haifeng said that as more and more companies in emerging industries choose to list on the Hong Kong stock market, new products can be equipped with scarce high-quality assets. In addition, some traditional industries in the Hong Kong stock market will adjust more fully when the market is not good. Through value research, these traditional industries have the opportunity to obtain greater returns than A-share investments.
Looking ahead to the Hong Kong stock market, Wang Haifeng believes that the Hong Kong stock market is dominated by shocks, but the fluctuation range may be greater than that of A-shares. Among them, with more new technologies, new consumption, and the listing of high-quality targets of new technologies, the Hong Kong stock market will also move out of the structural market.Text/An An
(Investment is risky, you need to be cautious when entering the market)
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