This time, Ruiyuans growth and opening up may be the last chance to catch Ruiyuans Fu Pengbo. A bank channel financial manager told Pengchao News that the Ruiyuan plan to increase some scale, and subscription shares will not be rationed, but fund managers also have some assumptions about the scale cap, do not rule out the expansion to a certain scale will be suspended after the purchase.
The above-mentioned bank channel financial managers further disclosed that, according to their understanding, fund managers had always felt that there was no time to add warehouses, and now around 2900 points is more appropriate, so open large-scale purchase.
On March 21, the Chen Guangming + Fu Pengbo portfolio of fund chiefs made the initial offering of Ruiyuan Growth Value Hybrid Fund a hot pursuit in the market. This product with a ceiling of 6 billion yuan was finally snapped up by over 72 billion yuan of market funds, making it the equity fund with the highest subscription amount on the first day of issuance so far.
On March 27, the Ruiyuan Growth Value Mixed Fund issued a notice of contract validity. The fund was established on March 26. 410,000 people subscribed effectively, with an average subscription of 170,000 yuan per capita. The proportion of A-share allotment was as low as 7.03%. After the allotment, the total amount of A-share and C-share of the fund was 5.87 billion yuan.
It is noteworthy that the employees of Ruiyuan Fund Company subscribed for 126,600 shares of fund A at the time of initial issue, accounting for 0.002%; 23,445,000 shares of subscription C, accounting for 0.399%; and a total of 23,572,000 subscriptions, accounting for 0.401% of the total share of the fund.
However, the announcement of the entry into force of the fund contract shows that Fu Pengbo and Zhu Lu did not hold the fund at that time. I dont know if Fu Pengbo and Zhu Lu, fund managers of the fund, will invest in this product for the first time by taking advantage of this opportunity to open up large-scale bidding.
So, what about the performance of this exploding fund?
A/C Share Net Value Performance of Ruiyuan Growth Value Hybrid Fund
The second quarter report of Ruiyuan Growth Value Hybrid Fund showed that the funds share at the end of the period was 5.966 billion, an increase of 92.19 million, or 1.57%, compared with that at the time of its establishment. That is to say, although the market experienced a decline in the second quarter and the net value of the fund dropped by 1.40%, the share of Ruiyuans growth value is still growing.
For the investment strategy and operation analysis of the fund, two fund managers, Fu Pengbo and Zhu Lu, said in their second quarterly report that after the fund was raised and integrated, the fund operated for a whole quarter in the second quarter of 2019. The valuation of A shares was from restoration to relative reasonableness, and liquidity was adjusted from relative relaxation to moderate counter-cyclical. According to the agreement of the fund contract, the fund gradually increased its position and reached a relatively high position by the end of the second quarter. In the portfolio construction, the two fund managers are relatively dilute in timing and focus on optimizing the position structure. We should focus on advanced manufacturing, health care, food consumption and other industries. It also indicates that the existing holding companies represent the high-quality enterprises in the domestic sub-sectors, and their core competitiveness can help enterprises resist the fluctuation of economic cycle and uncertainty of external demand to a certain extent. Source: Ren Hui_NBJ9607, Responsible Editor of Peng Mei News
In the portfolio construction, the two fund managers are relatively dilute in timing and focus on optimizing the position structure. We should focus on advanced manufacturing, health care, food consumption and other industries. It also indicates that the existing holding companies represent the high-quality enterprises in the domestic sub-sectors, and their core competitiveness can help enterprises resist the fluctuation of economic cycle and uncertainty of external demand to a certain extent.