In the first half of 20 years, Tencent and LiCaiTong jointly released "2020 out of the fog: a survey report of 100 fund managers" jointly released by Morningstar, Tencent and others. More than 90% of fund managers believe that the domestic economy is about to recover in the second half of the year.
In the stock market, more than 70% of the fund managers believe that at present, the overall valuation of Hong Kong stocks is on the low side or seriously low, and there is more room for rise, and investors can make a long-term layout at a bargain.
Nearly 50% of fund managers believe that the current overall valuation of A shares is normal, while more than 30% of fund managers think that it is too low or seriously low.
The reason for being undervalued is obvious. Hong Kong stocks have been seriously affected by the epidemic this year, and many value stocks have been mistakenly killed. as of October 23, the Hang Seng Index closed down 11.6% in the first half of the year, and is now in the low repair stage, which is a good opportunity for layout. On the other hand, the fundamentals of A shares are basically in a process of gradual recovery, and the remaining half a year, or even to the first quarter of next year, may see the endogenous improvement of the data quarter by quarter.
Layout undervalued potential market
Hong Kong, A-share market these two potential markets, many investors are ready to move, but the bullish industry does not know when to enter the market? Buying first-hand Maotai is so expensive, is there any way to buy relatively more preferred investment targets with less money?
Yes, there is. Buy a fund that distributes these stocks.
The Huidianfu China-Hong Kong Strategic Fund (hereinafter referred to as "the Fund") favors the market growth stocks. As of December 30, 2020, the three major industries areHealth care (20.5%),Optional consumer goods (18.9%)、And major consumer goods (21.4%)。
Source: monthly report of the Fund, as of 31 October 2020
There are many outstanding large-cap stocks in the top five positions, which are ranked according to their shareholding shares.Guizhou Moutai（10.2%），Yibin Wuliangye（10.0%）, JD.com (9.8%), Tencent (9.8%) and China Travel Service Group (9.5%)。
Source: monthly report of the Fund, as of 31 October 2020
You should know that A, Hong Kong stocks in the first half of 2020, science and technology, medicine, consumer stocks rose among the top.
Among them, pharmaceutical stocks benefited from the general environment of the epidemic's demand for medicine, with the sharpest rise, with the A-share pharmaceutical sector rising 42%, while Hong Kong stocks rose 22%. (source: wind, intercepted from January 1, 2020 to June 30, 2020)
The Hong Kong stock sector rose and fell in the first half of the year.
The A-share industry plate rose and fell in the first half of the year.
Source: wind, intercept range: January 1, 2020 to June 30, 2020
On the other hand, online technology stocks rose collectively due to the impact of the epidemic, led by Tencent and BABA, among which Tencent (0700.HK) was particularly impressive. The company benefited from the growth of online game business and global water release, investors' respect for high-quality assets, and stock prices went out of the new high, once becoming the largest market capitalization company in Hong Kong stocks.
On the other hand, the consumer sector is recovering one after another as the epidemic has been gradually brought under control. Guizhou Moutai, an A-share star enterprise, has hit new highs one after another. By early October, Guizhou Moutai has once again "soared", with a share price approaching 1700 yuan per share and a market capitalization of more than 2 trillion yuan. according to the monthly data of Wind10, there are only three companies with a global food and beverage market value of more than one trillion yuan. Guizhou Moutai, as one of the three, undoubtedly occupies the C trump card of A-share consumer plate.
To sum up, several of the outstanding stocks just mentioned have been hit by the Huitian China-Hong Kong Strategic Fund.
If you do not know how to choose stocks, then the choice of funds with excellent stock selection ability is also worth considering.
Long-term outperformance of the Hang Seng Index and continuous leading investment ability of Hong Kong stocks
Of course, if we look at a fund, we should pay attention to its long-term performance. After all, time is the most powerful witness of ability.
The Huidianfu China-Hong Kong Strategic Fund was established on November 16, 2012, and its performance has outperformed the Hang Seng Index and the Hang Seng State-owned Enterprises Index for a long time. Even under the impact of the epidemic this year, An and the Hong Kong stock market has suffered a severe setback, the Fund still recorded excellent performance, with a total annual return of 57.16%.
Data source: Hong Kong dollar share of Fund Class A; morningstar Category: Hong Kong Equity; as of October 7, 2020; Index performance is for reference only, not a benchmark.
Since the beginning of this year, the past three years and the past five years, the fund has ranked first among similar funds; Morningstar has a 5-star rating of 3 years, 5 years and a comprehensive rating of 5 stars *, which is recognized by authoritative institutions.
There are many investment targets in the Hong Kong and A-share markets, and "Nuggets" Hong Kong stocks have put forward higher requirements for the professionalism of investors. in the case of uncertainty, investors can consider choosing institutions with more professional and long-term stable performance to share the rising profits of Hong Kong and A-shares.
* according to Morningstar data, as of June 30, 2020, the Hong Kong dollar category A, Hong Kong dollar class I and US dollar An of the Huidianfu China-Hong Kong Strategic Fund have obtained a five-star rating.
Disclaimer
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