Zhitong Financial APP learned that on October 27th, Xie Zhiyu managed Xingquan Yi flexible allocation of hybrid securities investment funds released the third quarter report, the third quarter stock position of 92.7%, up from 86.87% at the end of the second quarter, the net worth of the fund fell from more than 36 billion yuan at the end of the second quarter to less than 26.6 billion yuan, shrinking by nearly 10 billion yuan.
According to the data of the report, Haier Smart Home (600690.SH) lost 19.2 million shares, but still ranked first in stable positions. Wanhua Chemical (600309.SH) and Mango Supermedium (300413.SZ) increased their holdings in varying degrees. It is worth noting that Tencent (00700), who accounted for the second place in the second quarter, withdrew from the top ten positions in the third quarter. In addition, Industrial Bank (601166.SH), Ping an Bank (000001.SZ) and China Resources Beer (00291) also dropped out of the top ten.
Analysis of the investment strategy and operation of the fund in the three quarterly reports:
The domestic economy gradually weakened in the third quarter, in which the pressure on real estate and consumption is greater, and some industries are also under the pressure of policy regulation, and the prosperity of traditional cyclical industries is better in the context of limited supply; overseas, the expectation of the Federal Reserve to launch Taper is gradually clear. Overall, in the third quarter, the Shanghai Composite Index fell 1%, the Shenzhen Composite Index fell 6%, the gem Index fell 7%, and the Hang Seng Index fell 15%. The industries with better performance are mainly concentrated in traditional cyclical industries such as coal, non-ferrous metals and iron and steel, while sectors such as medicine, food and beverages are weak.
During the reporting period, the stock position of the Fund is relatively stable, continue to adhere to the operating concept of bottom-up selection of individual stocks, continue to pay attention to excellent companies with core competitiveness, and balance the short-term valuation and long-term value of the company. We will continue to look for investment targets with good performance-to-price ratio, while paying attention to excellent companies in the long-term development direction.