Following the previous series of articles on high-quality tracks, today I will help you find the best people in the food industry.
For a long time, the consumer sector has not only attracted the attention of the market, but has also been the focus of many institutions and the layout of the field. According to data from the 2020 mid-year report, there are 59 food and beverage stocks in the fund's heavy holdings in the second quarter, with a stock market value of 235.3 billion yuan. Judging from the top stocks held by the stock market value, the market value of the shares of Kweichow Moutai, Wuliangye, Luzhou Laojiao and Yili held by public funds all exceed 10 billion yuan.
As of the close of the market on August 10, Shenwan Food and Beverage Index rose by
41.88%during the year, ranking 5th among Shenwan’s 28 first-level industry indexes; the increase in the last two years It is
106.51%, ranking first in all industry sectors! Judging from the trend of the sector in 2020, it has entered an upward channel since late March, and has since risen all the way and hit a new high. This is due to the impact of the epidemic at the beginning of the year, which led to a decrease in market risk appetite. With the gradual resumption of work and production, and a number of fiscal policy stimuli, the food and beverage sector with rigid demand and strong performance stability has once again received institutional funding. Raise.
Bull stocks Pentium in the past 10 years
Wind data shows that the food and beverage index has increased by
355.67%in the past 10 years. , Bull stocks in the plate are rushing.
As of August 10, A-share Wangguizhou Moutai has risen as much as
1618%in the last 10 years. In addition, Moutai-Haitian Flavor Industry in soy sauce rose nearly 10 times to 983%. Qianhe Flavour, Yanjinpu, Hengshun Vinegar, Anjing Food and other stocks rose more than 8 times; Zhongju Hi-tech, Wuliangye and Yili shares rose more than 7 times.
Who are the best fund managers?
Back to the topic of our article, who are the best fund managers in the food and beverage industry? Now, let’s screen it step by step:
In the first step, the old Siji set the screening scope to the Shenwan first-level food and beverage industry, and obtained a total of
66fund managers. It’s a bit big, continue to filter;
The second step is to select the top performers. The selection criteria are set to the top 25% in the last 1 year, the last 2 years, the last 3 years, and the top 25% since the appointment, and the scope is narrowed a lot;
The third step is to eliminate fund managers with a management scale of less than 300 million yuan and a tenure of less than 1 year, so the following
6fund managers are obtained.
From the perspective of management scale, Wells Fargo Fund Wangyuan has the largest scale, reaching 3.4 billion yuan.
From the perspective of annualized returns, Wang Yuanyuan of Wells Fargo Fund and Ji Nan of Teda Manulife Fund have the highest annualized returns, both exceeding
30%; Huaxia Key Golden Wenqian, Bank of Communications Schroder The annualized returns of funds Han Weijun, Yinhua Fund Wang Xiang and Harvest Fund Yao Shuang all exceeded
23%, ranking among the top.
What are the best funds?
We set the target for the above 6 best-performing fund managers, and look for their equity representative works.
1. Wang Yuanyuan of Wells Fargo Fund, representative fund: 519915 Wells Fargo Consumer Theme
The fund was established in December 2014, and Wang Yuanyuan has been under management since June 2017. The total return on employment is as high as
169.84%, and the annualized return is 37.07%, ranking in the top 5% of similar 531 partial stock hybrid funds. The fund’s growth rate in 2019 was
74.29%; since 2020, as of August 7, the fund’s growth rate has reached
60.23%. It has achieved such high returns for two consecutive years. It is rare.
Wang Yuanyuan has 8 years of experience in the securities industry. He joined the Wells Fargo Fund in 2015 and is engaged in research in the consumer industry. In June 2017, he officially managed the rich country consumer theme. Wang Yuanyuan said that consumer goods are an excellent track. For example, its trend is relatively stable, that is, the industry revenue and valuation system are relatively stable. If you find a company with stable and continuous growth, it is likely to make money. In addition, consumer product research is highly transparent and easy to understand. You can use the supermarkets, department stores and other channels around you.Verify its sales and other related conditions. In addition, consumption is China's local advantage industry, which is quite cost-effective. Since the opening of the Land-Hong Kong Stock Connect, consumer stocks have also been bought the most by foreign investors. Wang Yuanyuan said that in the future, it will continue to expand its ability circle, focusing on the three trends of brand concentration enhancement, consumption upgrade and product and service innovation, in the seven major areas of "food, clothing, housing, transportation, and Kang Lego".
2, TEDA Manulife Ji Nan, on behalf of the fund: 162203 TEDA Manulife Stable
The fund was established in April 2003 and belongs to a relatively long history. The fund has been managed by 8 fund managers before and after. Since Ji Nan managed the fund in June 2017, his total employment return has been
132.08%, and his annual return has reached
30.66%, which is the median of more than 500 similar funds in the same period. Top
Jinan and Wang Yuanyuan are both investment female players, and female fund managers dominate in the consumer sector. Ji Nan is also a new generation fund manager born in 1985. He graduated from Nankai University. After accumulating one and a half years of seller research experience, he joined TEDA Manulife Fund as a researcher in March 2014 and is responsible for research in the consumer industry. From 2017 He started to manage TEDA Manulife in June and has been stable until now. Ji Nan attaches great importance to in-depth research on companies. She will personally investigate companies whose market value of holdings accounts for two percentage points in the portfolio.
3. Huaxia Foundation Golden Wenqian, on behalf of the fund: 001927 China Consumption Upgrade A
The fund was established in February 2016, Huang Wenqian from the day the fund was established Since then, he has managed the fund independently, with a total return of
172.7%and an annualized return of
24.88%. The performance is very impressive.
In stock selection, Huang Wenqian prefers leading companies in the industry. She generally makes trading decisions based on valuations. At the same time, she pays attention to the risk-return ratio, and strives for funds to earn mid-range rising returns. After graduating from Fudan University, Huang Wenqian joined CICC as a researcher in the home appliance industry. At the end of 2011, she joined China Asset Management and served as a researcher in the retail industry, leader of the consumer group, and leader of the Internet. In 2016, he officially embarked on an investment position as the manager of China Consumption Upgrade Fund. Over the past ten years of research experience in consumer-related industries, Huang Wenqian has accumulated rich experience in investment in the consumer sector. She has a deep understanding of the financial statements, business models and market risks of consumer stocks.
4. Bank of Communications Schroder Han Weijun, on behalf of the fund: 519710 Bank of Communications Strategic Return
The fund was established in June 2015, Fei Yicong Since the management of the fund in January 2016, the total return on employment is
149.77%and the annualized return is
22.27%. The performance is good.
5. Yinhua Fund Wang Xiang, on behalf of the fund: 005106 Yinhua Agricultural Industry
The fund was established in September 2017 and Wang Xiang was established The fund has been managed independently since the date of the day, and the total return on employment is
130.3%, and the annualized return is as high as
33.83%, which ranks among the top
10%of its kind .
Wang Xiang has served as a researcher in agriculture, consumption, TMT and other industries for 6 years, and has accumulated rich research experience in these industries and operating cycles. According to Wang Xiang's investment framework, agriculture is the best cyclical stock, while food and beverage is the best consumer stock. He focuses on long-term holdings in his investment and does a good job in the appropriate diversification of the industry.
6. Harvest Fund Yao Shuang, on behalf of the fund: 003634 Harvest Agricultural Industry
The fund was established in December 2016, Yao Shuang from the date of establishment Since the sole management of the fund, the total return on employment is
115.59%and the annualized return is
23.28%, which exceeds the performance benchmark by 85%.
In the next article, we will take stock of the best players in the pharmaceutical and biological industry, so stay tuned!