Pay attention to the opportunities of industry segmentation and insist on balanced allocation.
His investment philosophy can be summarized into three points: first, to manage products with the idea of absolute income, Keep in mind where the “lifeline” of the product is, and control the risk exposure and withdrawal of the portfolio; second, understand the boundaries of their own capabilities, adhere to investing within their capabilities, and avoid style drift; third, the ultimate foothold of investment is individual stocks, and hope to earn money for the future performance growth of the enterprise.
Northbound funds have always been known as “smart funds”, and people often regard this as the “target” of investment.
Faced with new market opportunities, proper fund allocation and selection of appropriate fund products are also the key to our hope of achieving better returns.
He once worked in SAIC Motor Group, and then turned from industry to industry researcher, focusing on new energy, automobile, high-end equipment and other midstream industries.
In such a market environment, “pay attention to the opportunities in the industry segments and adhere to balanced allocation” may be a more feasible strategy.
He has a professional and unique understanding of midstream manufacturing, mechanical equipment and other industries, and has outstanding ability to select individual stocks.
The Wande database has specific performance data, but I can’t say, because the performance of private placement cannot be as public as the performance of public offering funds.
When allocating, we should take the “complementary” approach to optimize our own allocation plan in combination with our own allocation situation: if we originally hold more old funds, we can consider new funds when adding; For “new entry”, the strategy of simultaneous allocation of new and old funds shall be adopted; If there are more thematic funds allocated, we will add some balanced funds.
When the valuation of the main A-share index is still at a low level, we should not be too obsessed with the short-term rise and fall of the market, and insist on holding or increasing investment: the P/E ratio of the Shanghai Stock Exchange Index is only 13.10 times, and the P/E ratio of the GEM is at the lower level of 24.48% in the past five years.
Under the current situation that the overall market valuation level is still not high, it can “run into the market”.
▲ Chen Li ▲ Chen Li has 11 years of experience in securities industry.
As of February 10, the Shanghai Composite Index rose 5.55% and the GEM Composite Index rose 11.39%.
The main stock index valuation percentile of A-share (in the past five years) ▲ Data source: Wind, as of 2023-2-10 ▲ Facing “new opportunities”, choosing to go with “excellent” managers will help us obtain ideal returns.
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Since this year, the A-share market has been doing a lot.
Invest in new opportunities, and with “excellent” peers after experiencing the “twists and turns” in 2022, Everyone is generally full of expectations for 2023.
As a fund manager with a background in industry, Chen Li often has a deeper understanding of industry and company management, and is good at exploring investment opportunities in sub-sectors, which is also a major feature of his product management.
Maybe some partners are not familiar with me, so they come to ask me: How about the past performance? It should be said: excellent! In the past, Chen Li mainly managed non-public offering products.
▲ Data source: Wind, 2023-1-1 to 2023-2-10 ▲ Many people’s investment confidence has returned.
But many people have some problems: buying old funds is afraid of a recent correction and will suffer immediate losses; Buying new funds is afraid of missing the market.
Through such allocation, we can improve the “return risk ratio” of our investment as much as possible.
It should be said that at this stage, there is a large upward space, and it is normal to have a short-term correction.
We need to constantly explore excellent fund managers.
Since this year, northbound funds have “run into the market”, and the net inflow in one month has reached 149.6 billion yuan, far exceeding the net inflow in the whole year of last year.
In the past few years, a number of “enterprising” new and mesozoic fund managers have brought many surprises to us.
He is now the general manager of the private equity investment department of Caitong Asset Management.
After the in-depth adjustment in 2022, the current A-share market is more worthy of our expectation.
Foreign investors “run into the market”, buy new or old? Many people believe that the recent continuous rise of the market has a great relationship with the “buy and buy” of Northbound funds.
▲ Data source: Wind, 2014-11-17 to 2023-2-10 ▲ It’s a good thing that everyone’s enthusiasm for allocating funds has risen again.
Since 2015, he has served as a single and collective plan investment manager, and has managed more than 10 asset management plans and 1 public fund.
Chen Li is good at analyzing the essence of fundamentals through in-depth research from the perspective of industry, and obtaining medium and long-term benefits driven by endogenous value.
From February 14, 2023, Chen Li of Caitong Asset Management will sell his second public offering fund.
In the investment, he attaches great importance to the “margin of safety”, is good at finding investment opportunities in subdivided industries, and adopts the “balanced allocation” strategy to find the best balance between “income” and “risk”.
In this year’s layout, you may also face the same problem as me: the A-share market looks like “gold everywhere”, and all industries and sectors seem to have opportunities, but it is difficult to see which industry and sector will become “leaders”.
Although we can’t show you specific data, we won the “Golden Bull Award” in four years, We can see its excellent management level: 2019: “Three-year Jinniu securities dealers’ collective asset management plan” 2021: “One-year Jinniu securities dealers’ collective asset management plan” 2022: “Five-year stock multi-head type continuous superior to Jinniu asset management plan” “Three-year stock multi-head type continuous superior to Jinniu asset management plan” From Chen Li’s style, It is also a product suitable for this year’s allocation: Chen Li is a practitioner of the “absolute return” investment concept of Caitong Asset Management Company.