Newsletter summary

Medium Geng Fund hires more fund managers to improve investment management capacityFeverslotsThe well-known manager Qiu Dongrong manages the scale of 198Feverslots.54 billion yuan, and its low-valuation investment strategy has attracted market attention.

Text of news flash

[Zhonggeng Fund announces that Qiu Dongrong will hire more fund managers to strengthen its investment and research capacity] Zhonggeng Fund issued an announcement on May 11 that a number of fund products managed by Qiu Dongrong, a well-known fund manager, have hired new fund managers. The purpose of this move is to expand the team of fund managers, enhance investment management capacity, and promote the high-quality development of the industry with a long-term mechanism. [scale of management has shrunk] Qiu Dongrong joined the Zhonggeng Fund in 2018 as deputy general manager, chief investment officer and fund manager. His assets under management have shrunk from 32.013 billion yuan in the first quarter of 2023 to 19.854 billion yuan in the first quarter of 2024. [Qiu Dongrong unique investment style] Qiu Dongrong, who is famous for his undervalued investment strategy, has won many awards in the public offering industry. at present, the annualized return of his masterpiece Zhong Geng value pilot Fund is 16.98%, far exceeding the annualized return of 2.98% for the market over the same period. The decision to hire additional fund managers is aimed at strengthening the core competence of public offering fund investment and research, and improving the "platform, team system, integration, multi-strategy" investment and research system. Zhonggeng Fund said that the company's unique value gene and corporate culture empowerment, with the continuous improvement of the investment strategy system, the core members of the investment and research team have practical experience and ability. During the downturn in the Hong Kong stock market, Qiu Dongrong publicly expressed that he was optimistic about the performance-to-price ratio of Hong Kong stocks and was cautious about the photovoltaic sector. In the face of the popular high dividend strategy, he stressed that "the high dividend strategy is not low risk". [individual public offering faces challenges] Zhonggeng Fund was established in 2018 and currently has a management scale of 25.044 billion yuan. The individual department public offering faces the challenge and differentiation behind the highlight, the dependence on the star fund manager is high, and the team stability is insufficient. [investment strategy and performance] Qiu Dongrong's investment strategy focuses on stocks, and the overall style is mid-market value. His position industry layout is relatively scattered, the top three industries are medicine and biology, machinery and equipment and non-ferrous metals. His earnings performance in the bull market is the same as that of the market, while his risk control ability in the bear market is significantly better than that of the market.