Due to the small difference in product design, fund managers will become an important factor for investors to select funds. At present, all fund companies are equipped with elite soldiers and from the resume of fund managers, they all have certain experience in research and investment of science and technology innovation enterprises, and many of them have managed science and technology innovation theme funds.
In May 2019, the first batch of science and technology innovation theme fund was officially established, and has been expanding since then. As of July 22, South China Science and technology innovation hybrid fund a, established on May 6, 2019, temporarily ranked first with a yield of 130.14%, followed by Huaxia science and technology innovation hybrid and harvest technology innovation hybrid, with return rates of 109.19% and 90.02% respectively. With the launch of the science and technology innovation board closed operation fund and the follow-up science and technology innovation board 50 ETF, the types of science and innovation funds will become more and more abundant.
Li Wenbin, manager of Wanjia fund, believes that since the opening of the board in July last year, the operation of the science and technology innovation board has become more and more mature, which is mainly reflected in two aspects: one is the pricing of new shares. At present, the final inquiry results of the listed companies on the science and technology innovation board are basically lower than the lower limit of the inquiry interval given by the securities companies, which reflects that the buyers in the secondary market can independently give the fair pricing of the listed companies through independent research and judgment. Second, valuation. Compared with the A-share companies of the same kind, kechuangboard has a slight valuation premium, but it is within the acceptable range; compared with the growth rate of revenue and profit of similar companies, most companies have certain advantages.
Xiao Ruijin, manager of Boshi fund, said that after the launch of the science and technology innovation board, the depth and breadth of institutional investors investment research in the science and technology innovation industry has been significantly improved, the investment channels have been broadened, and the leading role of the valuation system has been reflected.
Source: Ren Hui, editor in charge of Shanghai Securities News_ NBJ9607