Assets Under Management AUM

GF Hengrong three-month hybrid fund is open for subscription today

June 21, 2021 (China Knowledge) – The hybrid fund with a three-month hold period GF Hengrong (011192) is launched today for subscription. The fund is a moderate allocation fund managed by GF Fund Management Co., Ltd. This fund invests mainly in bonds, the spread between the allocation of bonds and equities is generally greater than 10%.

Our records show that the company currently manages 263 funds with an aggregate amount of RMB 972.12 billion.

Investment manager Tan Changjie has over 9 years of experience. He previously developed expertise in mitigating various risks, optimizing fund performance and holds a master’s degree. Currently, it manages 15 funds, for a total of RMB 32,785 million in assets under management (AUM).

Tan seeks to invest the fund primarily in the manufacturing, wholesale and retail, and transportation, warehousing and postal services sectors. The top 5 holdings in its current portfolio are China Everbright Bank Company Limited (112117068), China Everbright Bank Company Limited (112117060), Ping An Bank Co., Ltd. (112111097), Bank of Jiangsu Co., Ltd. (112014226) and China Railway Group Limited (102001006), among which the best performing stock has increased by 0.92% in the last 3 months.

GF Jubao Hybrid Fund (007848) that it manages, since August 29, 2019, achieved the best record of 11.59% in terms of annualized return, exceeding the average return of its peers. In the last 6 months, he achieved a total gain of 2.61%.

Its other 14 funds are GF Trend Select Dynamic Allocation Hybrid Fund (000215), GF Jubao Hybrid Fund (001189), GF Trend Select Dynamic Allocation Hybrid Fund (008127) and so on offer annualized returns of 1% to 9%.

China Knowledge tracks and monitors all historical performance of fund managers to assess their resilience in dealing with market volatilities. In this regard, Tan receives a “C” grade. This rating means that the returns of the funds managed are in line with the average of similar funds or correspond to market benchmarks. Its risk control may need to be improved. In terms of resilience to market volatilities, it may be exposed to higher risk and may underperform. The highest rating for a fund manager is “A +” to the next lower order of “A”, “B”, “C” and the lowest is “D”.

Subscription to this new fund will close on September 16.

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