Zhong Shuai, the manager of the Mesozoic Star Fund: The powerful "Potential White Horse Stock" catcher

The performance is king: the annualized return rate is as high as 49.82%

After the implementation of the new asset management regulations, now in the investment wealth management market, capital guarantee and income financial products are extinct, such as trust wealth management and bank wealth management. As a result, many investors began to invest more of wealth management funds to fund products. After all, in the field of net worth management, the fund is the eldest brother.

However, there are more than 10,000 fund products in the market, and the performance is very different. It is not easy to choose a fund manager and fund products that are suitable for your own investment. In the past two years, the fund manager with more than 2 years of fund management and the highest annualized return rate is Zhong Shuai of Huaxia Fund. The annualized return rate is 49.82%, which is far ahead, more than 9.8 percentage points in the second place.

Figure 1: The annualized return of fund managers who have worked for more than 2 years rank top10

Note: The data comes from the Oriental Fortune Choice, as of August 20, 2022

Detailed explanation of Zhong Shuai's past performance

Zhong Shuai has served as a fund manager since July 28, 2020, and has only managed one fund Huaxia industry prosperity (003567) since his tenure; as of August 20th for more than 2 years, the return on his job was 130.25%, which is equivalent to the annualized return rate 49.25%; compared to the same period, the Shanghai Stock Exchange Index rose only 1.65%, the Shenzhen Stock Exchange Index fell 4.76%, and the GEM index rose 3.89%.

Figure 2: The net value trend of Huaxia Industry (003567) from 2020 to June 30, 2022

This is what is displayed on the Alipay fund page:

Figure 3: Screenshot of the display in Ant Wealth in Huaxia Industry (003567)

Note: The data comes from the Ant Wealth APP, as of August 20, 2022

Huaxia Industry Evil (003567) has a positive yield in the past week, nearly one month, nearly three months, nearly six months, nearly one year, and nearly two years, and it is at an excellent or good level; %Similar, comprehensive cost performance is better than 99%; at the same time, it should be noted that the fund mainly invests in growth stocks. From the end of December 2021 to the end of April 2022, the A -share market fell sharply. Revisiting, but in the subsequent market reversal, the market also achieved net value repair.

The excellent performance of the Huaxia industry prosperity (003567) has also been widely recognized by the founders. When Zhong Shuai took over as the manager of the Huaxia Industry Fund Fund Manager on July 28, 2020, the fund size was only nearly 60 million. More than 2,000 households (data of the second quarter report of 2020); and as of the second quarter report of 2022, the scale of this fund has reached 11.2 billion yuan, and the number of holders has also increased to 357,900 households; Zhong Shuai has already entered the Ten billion fund manager club club , Becoming the representative of the Mesozoic Fund Manager.

Excess performance source: capture a large number of "potential white horse stocks"

There is a "impossible triangle" in the field of growth stock investment: it means that growth stocks are almost impossible to meet high returns (good industries, high prosperity circuits), high certainty (good company, industry leader white horse), low risk (Good price, low valuation) three elements. Growth stock fund manager investment is often selected among the three factors. Some people give up low -risk factors, embrace core assets, and invest in the industry leading industry leading stocks, which are white horse stocks; some people give up high certain factors to avoid the market to avoid the market. Popular tracks, investment in value -type growth stocks, and select low -valuation white horse stocks. And Zhong Shuai abandoned a good company. In the high booming industry, he selected low -valuation stocks with poor market expectations. "Potential White Horse Stocks" on the track.

Figure 4: Growth stock investment cannot be triangle

Investment style: Focus on growth stock investment.

Interpretation: From the perspective of fund manager Zhong Shuai, growth stock investment is a broad track, and it is also the best track that can maximize returns in the future. Investment and equilibrium allocation, allocate more high -quality stocks from bottom to top; strive to do growth funds in the whole field. The prospects of growth stocks are bright.

Investment logic: In the high booming industry, the left -side stock selection is made to create excess returns.

Interpretation: The high booming industry will change according to market conditions. At this stage, the high booming industry includes new energy, chips, high -tech, high -end manufacturing, etc.; On the left side of the stock selection, it may indicate that a single stock holder will be longer, and there will be there will be a single stock. The longer waiting time, and there will be a certain winning rate loss. However, choosing the high prosperity industry will reduce this waiting time, and the stock selection on the left will increase the security margin of a single stock.

Investment method: Give up the hottest white horse stocks, conduct in -depth investigations of industrial chain in the high booming industry, and strive to lead the market to judge the changes in the segmented industrial chain, find and choose low -valuation stocks with expected poor expected, digging sustainable excess returns Essence

Interpretation: Abandoning the high certainty of white horse stocks will lose a certain winning percentage, but you can use high odds to earn excess returns. "Potential White Horse Stocks" must have two elements: First, the company must be in the popular high -prosperity industry, and the high prosperity of these industries does not simply depend on policy factors, but can truly bring technological changes and production of production and production. The industry is improved; second, the potential white horse stocks may still be in a rapid growth period, the market share is relatively small, and the market has a certain cognitive deviation of it, which has led to the current low valuation, but it must also be itself. Excellent companies have the potential of whiteness, and potential white horse stocks may also be the leader of a certain industry. In terms of fund configuration, these "potential white horse stocks" are decentralized, not only heavy warehouses, which are not only scattered to balance the winning rate and odds. Stocks that meet the "Potential White Horse Stocks" investment standards, once the market awareness is amended and recognized by the public, the stock price will also usher in a round of rising. The expected rate of return is best above 100%, at least 50%of space. Investment Case

Many of the "Potential White Horse Stocks" selected by Zhong Shuai are buying heavy positions when other funds hold a low shareholding ratio. Since Zhong Shuai managed the prosperity of the Huaxia industry, it has continuously reinstated more than 2 quarters of stocks. The proportion was only 4.09%, and the average income of 57.05%after the purchase was 57.05%.

Figure 5: Huaxia Industry has a continuous heavy position over half a year of stock buying and decline in half a year after buying

For example, Tianhua Chaojing (300390), the Huaxia Industry Evilization Fund gradually increased its holdings in the third quarter of 2020, becoming the top ten heavy stocks in the 4th quarter of 2020, and continued until the second quarter of 2021; The proportion is less than 1%, and the market awareness is low. In 2021, Tianhua Chaojing was recognized by the market. After the stock price rose sharply, Zhong Shuai transferred it out of the heavy position; it took 9 months to 1 year, and Tianhua Chaoping rose about 800%. The boom has also gained a lot.

New Fund Sale -Huaxia Foresight Growth

On September 5th, Zhong Shuai's new fund Huaxia seemed to grow in one year's holding product code: Class A 016250; Class C 016251) began to be released. The fund will still continue the effective investment style and investment logic of Zhong Shuai in the prosperity of the Huaxia industry to capture the "potential white horse stocks" to obtain excess returns. Different from the prosperity of the Huaxia industry, this time the new fund has set up a year of holding period, and the holding period is set up. On the one hand, it can reduce individual investors to reduce the rising levels of high -level chase and low levels due to market emotional influence. The operation is more in line with the concept of medium and long -term investment. On the other hand, it also gives the fund manager more calm time and space to better implement its own investment strategy.

For some issues that everyone pays attention to, Zhong Shuai also made some reply at a exchange meeting:

Q1: How much capital can your investment style and strategy accommodate? How many scale do you think is appropriate?

A: This question does not have a clear answer. There are more growth stocks that can be configured in the market. The size of the fund that can accommodate the current strategy should be relatively large; at present, the scale of more than 11 billion in the Huaxia industry is mainly equipped with small and medium -sized growth stocks. 70%of the capital holders are personal holders, and they trust me as a whole. Although the scale will change with net worth, the overall fund share has not changed much.

Q2: Will Huaxia's growth investment style and allocation of stocks need to be different from the prosperity of the Huaxia industry?

A: Internal investment styles and investment methods will not be much different. In terms of allocation of stocks, some stocks will be overlapped, and some investment will be appropriately made according to the size of the fund; for example, if the Xinfa Fund is at a billions of scale, it may be mainly equipped with small plates below 10 billion market value. Growing stocks.

Q3: When the fund retracement is relatively large, will there be pressure? How to deal with your investment portfolio?

A: When the Huaxia industry has a large retreat, especially at the end of April, there will be pressure; but the most important thing is to make the correct judgment: In the case, a strict pressure test was made to hold the individual stocks to test whether the stock holding the stock is still worth holding, and then adjust it accordingly.

Q4: In a long time cycle, such as 10 years, do you have expected annualized yields you can get?

A: Every successful person is inseparable from the era he succeeded; the gain of yields cannot be separated from the background of the times. At present, it is to seize the opportunities and opportunities given by the times, give full play to their diligence and specialties as much as possible, and do better performance.

Combined with the above, Zhong Shuai, the manager of the Mesozoic Star Fund, had a good performance in the past 2 years. In the past investment process, it has formed its own "potential white horse stocks" investment philosophy, and the new fund Huaxia grows vision (Class A code 016250 C 016251) also) It will continue its investment logic and methods, and continue in the direction of new energy, high -end manufacturing, pharmaceutical, military industry and other industries. Fund investors who can accept investment winning rates and accept appropriate volatility and willing to invest in growth stocks can pay more attention.

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