Changing style?Star fund manager Qiu Dongrong’s hand position adjustment exposure

Changing style?Star fund manager Qiu Dongrong’s hand position adjustment exposure
For stocks, please read Jin Qilin analyst research report, authoritative, professional, timely, and comprehensive, to help you tap potential potential opportunities!  GEM means continue to lead!After a lapse of three years, it 杭州桑拿网 stood at 2100 points and reached a new high.  Qiu Dongrong, the deputy general manager of Zhong Geng Fund, which once made a big stock of blue chips in 2015 and became famous in the First World War, said frankly: “The epidemic may become a watershed in the switching of market styles.Companies that have performed well in the past, such as big blue chips and core assets, may end their cycles; while companies that performed well in the past, such as underestimating investment opportunities in small and medium-cap stocks, stand out.”The market style will switch. Since February 4th, termination of February 14th, the Shanghai Composite Index has risen by 6.2%, the Shenzhen Composite Index rose 11.62%, GEM Index rose 15.twenty three%.The rebound of the GEM index was very severe. On February 14th, the GEM index once again stood at 2100 points after three years.  Will the market style switch?Qiu Dongrong announced a positive answer, he thinks the spring of small and medium-cap stocks is coming.  It is worth mentioning that in 2015, when small and medium-cap stocks were in full swing, Qiu Dongrong went in the opposite direction and chose the heavy blue-chip stock and became famous, known as “the true love of institutions”.He managed the HSBC Jinxin Large-Cap Equity Fund, with a total return of 193 from September 2014 to April 2018.86%.  As early as last year when the institution held a group of white horse stocks, Qiu Dongrong made it clear that he was optimistic about small and medium-cap stocks and directly issued a small-cap value stock fund of Zhonggeng, with CSI 1000 as the benchmark for performance comparison.Managed fund returns are not satisfactory.  When asked about the impact of the potential market of the epidemic, Qiu Dongrong said: “The epidemic may become a watershed in market style switching, and underestimating small-cap stocks will usher in better buying opportunities.Qiu Dongrong did a great job to adjust the position. Qiu Dongrong is indeed betting small and medium-sized stocks with real money.Take the largest pilot of Zhong Geng Value Management under his management as an example. At the end of the fourth quarter of the last year, many of the top ten heavy stocks had a market value of less than 10 billion.  At the end of the fourth quarter of last year, Zhonggeng Value Pilots reviewed the announcements issued by listed companies and found that since this year, Qiu Dongrong has also made substantial adjustments to his position.  In the fourth quarter of 2019, Zhonggeng value piloted Masakura Guangxin shares 361.320,000 shares, Zhong Geng small cap value 142 Guangcang shares.780,000 shares.On February 14, the announcement of the top ten shareholders of the company issued by Guangxin Co., Ltd. showed that on February 5 consecutively, the number of shares held by Zhong Geng Value Pilot increased by 129 from the end of last year.920,000 shares, Zhong Geng small-cap value increased by 208.390,000 shares.  When Qiu Dongrong increased his position in Guangxin, he substantially reduced his position in Topang.  In the fourth quarter of 2019, Zhonggeng Value Pilot Lightened Out Topco Co., Ltd. 81.640,000 shares, Zhong Geng’s small-cap value lightened 1306.740 thousand shares.  The announcement of the top ten shareholders’ shareholding information issued by Topbon shares shows that on February 5th, Zhonggeng Value Pilot and its ranking at the end of last year continued to reduce its holdings of 1222.With 140,000 shares, Zhonggeng’s small cap value still held 1375 at the end of last year.110,000 shares, as of February 5th, are no longer among the top ten tradable shareholders, which indicates that the number of shares held is less than 6.66 million shares.  Where is the market opportunity? Qiu Dongrong believes that compared with other large assets, the long-term attractiveness of equity assets is very high.Judging from the cycle of the next 3-5 years, the current focus is on areas with low risks and low estimates, which represent future medium- and long-term development opportunities.  From the following three major industries, the bottom-up mining stocks with low risk, low estimates and very high hidden returns can be obtained: 1. Pharmaceuticals (long-term demand growth, improved competitive landscape, such as pharmaceutical circulation, OTC, and APIs) 2. Technology such as the new energy vehicle industry chain (with technological innovation advantages); 3. High-end manufacturing (obviously with competitive advantages).