Science Creation Theme Fund Trader Path Exposure Exposure Polarization

With the public fund entering the three quarterly disclosure period, the focus of the science innovation fund position has emerged.

According to the twenty-first Century economic news reporter statistics, as of October 23rd afternoon, there were 10 science innovation theme funds (including 1 science and technology power thematic funds) to disclose the three quarterly report. From the perspective of stock positions, most funds choose to operate in medium and high positions, of which as many as 5 have positions above 90%. However, there are individual fund stock positions at a very low level, and a large number of positions are allocated on bond assets.

From the situation of heavily loaded stocks, the above 10 themes are different in their shareholding styles. They are not consistent in choosing a restructured stock, and some funds are also equipped with Hong Kong stock technology stocks.

From the proceeds of the establishment, the 10 funds also have obvious polarization. Among them, the difference between the highest and the lowest is 18.57%.

Obviously, there are obvious differences in the operation path of these newly established science and technology theme funds.

Polarization of positions

Some people approached the warehouse, and some of them worked in light warehouse. The first quarterly bulletin of the CIC theme fund revealed the polarization of the position.

According to the statistics of reporters, the theme of the three quarterly bulletin has already been disclosed. The highest stock position is the theme of the 3 year. The fund was established in June 11th, and its stock positions reached 99.23% at the end of the three quarter.

From the perspective of the industry distribution, the 3 year of the theme of rich country science and technology is an absolute redistribution of manufacturing stocks, which accounts for 81.63% of the net assets of the fund.

Specifically, the top ten major stocks in the 3 years of the rich countries' science and technology innovation are 37 mutual entertainment, Hikvision, Dahua shares, Hua You cobalt industry, spring wind power, Han Rui cobalt industry, Jiayuan technology, Mai as shares, Jiejia Wei Chuang and Tian Shun wind energy. Among the 10 stocks, only Jiayuan technology is the stock of the Chuang Chuang board, indicating that the fund's position is still concentrated on the motherboard.

Behind the operation of high storehouse, the fund manager of rich country science and technology innovation fund has also explained in the quarterly report for 3 years. It pointed out that "the stock selection idea is still driven by profit growth, combined with the long-term profitability of the company and the current valuation level from bottom to top, and the position is relatively balanced. The fund is more concerned about investment opportunities in the media, new energy, medicine and other fields.

Similar to the 3 years of the theme of the founding of the rich country, the 4 positions of the rich countries, including science and technology innovation, huitianfu technology innovation A, Huaxia science and technology innovation A, Donghai science and technology A and so on, are more than 90%, but their positions are different.

Among them, the rich country's technology innovation has restructured the pharmaceutical industry and information transmission, software and information technology sector; huitianfu technology innovation A has configured medicine, IT and high-end manufacturing sector, the industry distribution accounted for 2:3:3, and Huaxia technology innovation A continued to deploy a large number of 5G communication industry chain, and equipped with the bottom reverse consumer electronics industry chain and excellent chip design company.

It is worth mentioning that none of the three funds has been allocated to the stock market. For this reason, a fund manager who was interviewed by the science and Technology Innovation Fund said, "the early opportunity of the science and technology board is mainly based on the participation of new businesses, because the early speculation makes the related stock valuations high, and it is not suitable to buy. Moreover, the subject of science and technology innovation involves a wide range of fields, and there are also a large number of optional targets on the motherboard. Although different fund managers have preferences in holding positions, they will still focus on the theme of technological innovation.

Compared with the funds mentioned above, Dacheng Ke's 3 year closed operation and gf's 3 year's closed operation were relatively cautious, and the stock positions at the end of the three quarter were 65.88% and 40.57% respectively.

The lowest position comes from the Huaan fund's Huaan science creation theme for 3 years. The fund was established in June 11th of this year, and its stock position was only 2.48% at the end of the three quarter.

According to its quarterly report, the fund will allocate most of its funds to bond assets. However, although its stock position is very low, it also holds a certain number of science and technology board stocks, namely, Kawa Chino holdings, Han and Western superconductor. The corresponding stock market capitalization is 1 million 333 thousand and 200 yuan, 556 thousand and 200 yuan and 453 thousand and 400 yuan respectively.

In the 3 quarter of the Huaan science and technology innovation theme, it was pointed out in the quarterly report that "the fund is in the period of setting up a warehouse, and the stock operation part is actively involved in the issue of the new issue of the" Chuang Chuang "board. Part of the operation of the bond is mainly the establishment of a high-quality 1-3 year AAA Ke Chuang theme credit debt.

On the whole, the average stock position at the end of the 10 quarterly report of the science and technology innovation fund, which has disclosed three quarterly reports, is 74.13%, which is at the middle level. This shows that these two themes since the establishment of the science and technology innovation fund as a whole still maintained a more positive pace of building, and from the information of the three quarterly report, these funds are optimistic about the late stage of the science and technology theme.

The first half yield is 18.57%.

It is worth mentioning that due to the different location selection and the allocation of the target, there has also been a significant differentiation in the net value repayment of the three quarterly reports since its establishment. The yield gap between the top and bottom of the list is close to 19%.

Specifically, China's technological innovation A is the most prominent among the 10 funds. It was founded in May 6th, and as of October 22nd, its return has been as high as 17.06%, far exceeding the same average yield of 12.55%.

Closely followed by huitianfu's technological innovation A, which was established on the same day, the rate of return was 15.79% since its establishment, and third of it was 3 years of innovation in ICBC technology, and its return was 13.48% since its establishment.

On the contrary, the revenue of the 3 year closed operation fund has been rather poor. The fund was established in July 11th. As of October 18th, its yield was -1.51%. It was the only one of 10 Ke Chuang theme funds since its establishment.

According to the three quarterly report of the 3 year, the fund has intensified its efforts to configure consumer electronics in the three quarter. Reporters noted that, if the theme of the 3 years of the establishment of the Treasury Branch has been set up to date, the performance of its heavy positions can be described as excellent. Not only has all of them achieved a rise, many of them have risen more than 40% or even more than 50%, and the first heavy share GoerTek shares have risen by more than 80%. However, the 3 year's failure to achieve outstanding performance is probably due to its failure to build positions before the stock price rises.

However, the 3 year manager of CAITONG Ke said that he was optimistic about consumer electronics in the three quarterly report. It pointed out that "when we slowly enter the 2020, the second year of 5G construction is about to start. We think that the investment opportunities of consumer electronics will be significantly greater than that of the communications industry. The industrial investment context will also shift from the base station to the hardware terminal. In the next stage, the electronics industry will be the focus of our stock exploration."

On the whole, benefiting from the outbreak of the technology stock market after the two quarter, the 10 science innovation theme funds disclosed in the three quarterly report still achieved good returns, with an average return of 8%.

Of course, for those funds that are less than two quarters, the short-term gains are not very comparable, and the real revenue war must be seen for a long time.