The Zhitong Finance App learned that recently, E-Fangda Consumer Industry, managed by Xiao Nan and Wang Yuanchun, disclosed a quarterly report. During the period, the fund's net worth growth rate was 5.78%. From the entry into force of the fund contract to the end of the reporting period, the net fund share value growth rate was 264.40%, and the benchmark yield for the same period was 114.67%.

In terms of heavy stocks, as of the end of the first quarter, the top ten heavy stocks in the Yifangda consumer industry were: Gujing Gongjiu (000596.SZ), Wuliangye (000858.SZ), Kweichow Moutai (600519.SH), Shanxi Fenjiu (600809.SH), Midea Group (000333.SZ), Fuyao Glass (), Luzhou Laojiao (000568.SZ), Haier Smart Home (), and Great Wall Motor (). 600660.SH 600690.SH 600600.SH 601633.SH Compared with the end of the fourth quarter of 2023, there has been no change in the top ten major stock positions, and the number of shares held has changed.

The first quarterly report points out that in the first quarter of 2024, as macroeconomic data showed signs of a steady recovery, the market gradually emerged from pessimism, and the A-share market also basically repaired the January decline. The Shanghai Composite Index rose 2.23% this quarter. The Shanghai Stock Exchange 50 Index, which represents the general market style, rose 3.82%, and the GEM index, which represents the small to medium market growth style, fell 3.87%. The differentiation between the large and medium market styles was obvious. The China Securities Mainland Consumer Index rose 4.34%, ending three consecutive quarters of decline. Among the consumer sub-industries, the white electronics sector, which has low valuations and high dividends, rose sharply, while other sub-sectors all declined to varying degrees. Among them, sectors such as liquor, home, and social services had the highest declines.

Xiao Nan and Wang Yuanchun said that this quarter's adjustments are mainly carried out in two directions. On the one hand, they hope to lower the overall valuation level of the portfolio, and therefore increase the allocation of sectors such as household appliances and auto parts. On the other hand, they believe that a steady recovery in the domestic economy is a probable event, so they hope to increase the sensitivity of the mix to domestic demand. Therefore, the overall allocation of liquor has increased slightly, and the structure of liquor has been actively adjusted to increase the allocation ratio of high-end and sub-high-end liquor.