New Energy Theme Fund King Returns, Veteran Rookie Performance Is Stable

On June 24, although the Shanghai index fluctuated narrowly throughout the day, the CSI photovoltaic industry index showed a strong trend, rising 3.25%.

In fact, as of June 24, the CSI new energy vehicle industry index has risen by 22.04% this year due to the stimulation of carbon peak carbon neutralization related policies and the favorable information of overseas new energy vehicles.

Over the same period, the CSI 300 index fell 1.23%.

The trend of new energy related theme funds is also in the lead. According to the statistics of 21st century economic report reporters, 407 of the 469 theme funds with new energy concept have achieved positive returns this year, nearly 90%.

Among them, Jinying national emerging ranked first with an increase of 43.27%, followed by Jin xinminchang and Qianhai Kaiyuan new economy, which increased by 37.26% and 37.21% respectively.

Last year, the Agricultural Bank of China Huili new energy theme fund, managed by Zhao Yi, the top three fund manager of active equity funds, has also made good performance this year, with a return of 19.89%.

Professionals believe that new energy vehicles still have obvious advantages in the future, but only by selecting funds that can obtain excess returns through the active management ability of fund managers can they fully enjoy the investment value brought by the growth of the whole industrial chain of new energy.

Most high return funds are heavily invested in new energy

In the past two years, the number of bull stocks in the new energy sector has doubled, including Ningde era (300750. SZ), which has recently reached a new high, and Longji (601012. SH), the leader of photovoltaic industry, etc.

New energy theme fund is also a performance highlight.

According to the latest statistics of wind, since this year, a number of new energy theme funds have ranked the top of the list. Golden Eagle national emerging ranked first with an increase of 43.27%, and 57 funds with an increase of more than 20%.

If we look at the funds with the highest returns in the past year, they have basically invested heavily in new energy related stocks, such as the Agricultural Bank of China Huili new energy theme, Huaxia energy innovation and Qianhai open source public utilities, which ranked the top three in performance in the past year.

Golden Eagle national emerging fund was established in 2015. Han Guangzhe, the fund manager, once worked as a postdoctoral researcher in Huaxia Fund Management Co., Ltd., and worked in Huaxia Fund Management Co., Ltd. as a portfolio manager, he served as the fund manager of Yinhua Fund Management Co., Ltd., and the investment business director of Cinda Securities Management Co., Ltd, He joined Golden Eagle Fund Management Co., Ltd. in June 2019.

At present, Han Guangzhe manages four funds, namely, Golden Eagle reform bonus, Golden Eagle medical and health industry, Golden Eagle strategic allocation mix and Golden Eagle national emerging, with a total management scale of 2.64 billion yuan.

By the end of the first quarter of 2021, the emerging heavy positions of Jinying nationality are mainly Ningde times, Huayou cobalt industry, sunshine power supply, etc.

As for the trend of the second quarter, Han Guangzhe believes that with the vaccination of the new crown vaccine in various countries, the focus of global development is expected to return to the track of economic revitalization. The main uncertain factors are the repeated epidemic situation, the change of monetary policy under rising inflation expectations and the situation of Sino US bilateral relations.

He said that there are still structural opportunities in the A-share market, especially the green carbon reduction path with the smallest differences among countries. Therefore, the new energy vehicles and photovoltaic sectors in the business cycle will be arranged, and the advantageous companies with sustainable business models will be focused.

Photovoltaic and new energy vehicles are the golden track

Judging by the long-term prosperity of the new energy industry, the issuance of active equity funds and passive index funds related to new energy topics is accelerating.

On June 15, Pingan Zhongzheng new energy vehicle industry ETF link a and Taikang Zhongzheng intelligent electric vehicle ETF were both released.

This is also the 16th and 17th theme fund for new energy vehicles and smart cars this year. As the theme of new energy continues to be active in the market, the enthusiasm of fund companies to distribute such products is very high.

In fact, the new energy industry chain involves many industries, including upstream raw materials, midstream production and equipment manufacturing, downstream application, storage and interaction equipment, new energy vehicles, etc., with a long industrial chain.

But looking at the outstanding performance of the new energy theme funds, it is not difficult to find that the investment positions are concentrated in the photovoltaic and new energy vehicle related industry chain companies' performance is particularly bright.

For example, Golden Eagle national emerging, Jin Xin Min Chang and Qianhai Kaiyuan new economy, which ranked the top three in this year's performance, all held heavy positions in the field of new energy power batteries.

Luo Guoqing, fund manager of GF Guozheng new energy vehicle battery ETF, believes that the recent performance of new energy vehicle plate is good, mainly due to its substantial growth in production and sales data.

According to the data of Dongguan securities, in the first quarter of this year, China's production and sales of new energy vehicles were 533300 and 514700, respectively, with a significant increase of 407.32% and 351.29% year-on-year. The overall profit-making effect of the industrial chain has been improved. Taking the battery of new energy vehicles as an example, the gross profit margin of the industry in the first quarter of 2021 is 19.76%, with a year-on-year increase of 8.33%; The net interest rate was 8.22%, up 4.52% year on year.

Some people in the fund industry said that it is the battery that promotes the reform of new energy vehicles, and the battery field will become the largest increment in the new energy vehicle industry, which is not only the part with large value, but also the part with the largest space for technological progress.

It has high long-term investment value

Since 2020, the new energy sector has gradually made efforts, and a number of new energy theme funds have made outstanding achievements.

The latest data shows that among the active new energy theme funds in the market with a scale of more than 10 billion are Huaxia energy innovation and ABC Huili new energy theme, and the largest scale is Huaxia energy innovation, with a scale of more than 16 billion yuan.

The scale of new energy industry of Cinda Australia Bank and harvest new energy and new materials fund is slightly lower, with 8.927 billion yuan and 3.328 billion yuan respectively.

According to the public data, the above four large-scale new energy theme funds were established earlier. For example, star fund manager Feng Mingyuan's new energy industry was established in 2015, Agricultural Bank of China Huili new energy theme managed by Zhao Yi was established in 2016, Huaxia energy innovation managed by Zheng Zehong and Jiashi new energy and new materials managed by Yao Zhipeng were both established in 2017.

Judging from the performance of these theme funds since their establishment, the three funds with the largest excess return relative to the performance benchmark are new energy industry and harvest new materials a, with the excess returns of 242.05% and 176.44% respectively, and the maximum withdrawal is at the normal average level of the theme funds.

Especially in the rising market from May 2020 to January 2021, the new energy index of China Securities Exchange increased by 119%, while the new energy theme of Agricultural Bank of China and Huaxia energy innovation increased by more than 150%, and the cumulative yield exceeded the new energy index of China Securities and obtained excess returns.

In the market of nearly half a year, Jinying new energy a and Jingshun Great Wall new energy industry a surpassed the new energy theme fund established in the early stage, ranking at the top.

Industry insiders judge that the new energy sector has a very high degree of certainty in terms of performance growth space. Although after the initial surge and high valuation, if the follow-up performance can be realized as scheduled, it still has a high long-term investment value.

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