Zhonggeng Fund disclosed its product annual report Qiu Dongrong: the overall risk premium of the market is attractive jqknews

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[Zhonggeng Fund disclosed its product annual report Qiu Dongrong: The overall risk premium of the market is attractive]In addition to the top ten heavyweight stocks disclosed in the Four Seasons Report, Qiu Dongrong’s “waist stocks” have surfaced. Taking the Zhonggeng Value Pilot Fund as an example, the “waist” positions include banking, media, non-ferrous metals, environmental protection, commerce and retail, textiles and apparel, basic chemicals and other industries. Some industries are not involved in the top ten heavyweight stocks.

March 18th, ZhonggengfundIt disclosed the 2021 annual reports of its five funds. As of the end of the reporting period, the scale of assets under management of Zhonggeng Fund was 24.555 billion yuan.

In addition to the top ten heavyweight stocks disclosed in the Four Seasons Report, Qiu Dongrong’s “waist stocks” have surfaced.Taking the Zhonggeng Value Pilot Fund as an example, the “waist” holdings includeBankmedia,non-ferrous metalsenvironmental protection, commercial retail,Textile and Apparel, basic chemical industry and other industries. Some industries are not involved in the top ten heavyweight stocks.

Qiu Dongrong believes that in general, if the policy is positive, the economic momentum will recover, and the risks of economic fundamentals will be reduced, so the economy should be viewed more positively. Regarding the stock market, Qiu Dongrong said that at the beginning of 2022, the market will be under great pressure, and equity assets will quickly adjust to release risks. On the other hand, equity assets will obtain higher implied returns. From the perspective of risk premium, the implied return level of equity assets is increasing. At present, the risk premium of CSI 800 is close to the level of 0.5 times the standard deviation above the historical net value level. The overall risk premium level of the market is attractive.

In terms of the fund’s future investment ideas, Qiu Dongrong focused on four investment opportunities: first, finance and real estate among large-cap value stocks.In the financial sector, we are optimistic about the regions related to the manufacturing industry chain, serving the real economy and having unique competitive advantages.Bankshare. The second is the investment value of energy and resource stock high-quality assets. The third is small and medium-cap value and growth stocks, which are subdivided leading companies with unique competitive advantages in the broad manufacturing industry. The fourth is the large-cap value stocks, some companies with good growth potential and some Internet stocks in Hong Kong stocks.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

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Original title: Zhonggeng Fund disclosed its product annual report Qiu Dongrong: The overall risk premium of the market is attractive