On August 17, the results of the 20th Shanghai Securities News China "Golden Fund" Award, which attracted much attention from the industry, were announced. With favorable medium and long-term performance, three products of GF Fund won the Gold Fund Award. Among them, GF RuiYi Leaders Hybrid Fund won the " Golden Fund - Equity Hybrid Fund Three-year Award ", GF Multifactor Hybrid Fund won the " Golden Fund - Hybrid Fund Five-year Award ", and GF Domestic Demand Growth Hybrid Fund won the " Golden Fund - Top ESG Fund."
Since 1998, the public fund industry has gone through 25 years of history. As a highly reputable and influential award in the industry, the "Golden Fund" award is organized by Shanghai Securities News, an authorized fund evaluation agency of the China Fund Industry Association, and co-launched by professional fund evaluators Galaxy Securities, Shanghai Securities, China Merchants Securities, TianXiang Investment Consulting, and MSCI with data and research support and has been in the process for 20 years now.
The product awards of "Golden Fund" focus on different factors according to the characteristics of different fund types. For example, active equity funds and equity-oriented hybrid funds focus on the level of net value growth and risk-adjusted returns. The "Socially Responsible Investment (ESG) Fund Award" guides funds to focus on long-term value, product investment strategy and decision-making process, and focuses on the fund's position in green industries and industries that have a positive impact on society.
Among the equity hybrid funds, GF RuiYi Leaders Hybrid Fund won the "Golden Fund - Equity Hybrid Fund Three-year Award." The fund was established on December 14, 2017, and as of December 31, 2022, GF RuiYi Leaders Hybrid Fund Class A has a cumulative return of 122.85% over the past three years, while the performance of benchmark was -0.06% over the same period. The fund is managed by Yingrui Lin, whose goal is to maximize risk-adjusted returns and wants to give holders a favorable experience. Over the past three years, he has adopted a distressed reversal investment strategy, looking for investment opportunities in bottom reversal sectors from the top to down.
Among the hybrid funds, GF Multifactor Hybrid Fund won the " Golden Fund - Hybrid Fund Five-year Award." The fund's 2022 annual report shows that as of December 31, 2022, GF Multifactor Hybrid had a cumulative return of 222.91% over the past five years, while the performance of benchmark was 8.47% over the same period. The fund is co-managed by Yang Dong and Tang Xiaobin. Data show they are "old GFs" engaged in the mutual fund industry for many years, Yang has been with GF Fund for 17 years, Tang has been with GF Fund for 12 years, and the two have two public investment years of 2 years and 8 years, respectively. According to the two fund managers, they prefer to find industries and stocks with non-linear earnings changes within the low valuation category.
Top ESG Fund Award is a featured award of the Golden Fund Awards. In recent years, ESG investment, which centers on environment, society, and corporate governance, has been introduced to China, guiding mutual funds to focus on long-term value. As one of the promoters of responsible investment in China, GF fund has incorporated the framework of responsible investment into its ESG investment strategy, actively practiced ESG investment, continuously strengthened the construction of the ESG investment system, actively carried out research in the field of green finance, and improved the R&D and layout of its product lines.
GF Domestic Demand Growth, which won the " Golden Fund - Top ESG Fund", is managed by Wang Mingxu, a fund manager in the Value Investment Department. The fund uses the ESG investment evaluation system as an important method of species selection, focusing on the impact of the main business of the enterprise on the environment and society, and selecting industries that are in line with the development trend of the economy and society for layout. Wang Mingxu has taken over the management of GF Domestic Demand Growth Class A since October 17, 2018, with a cumulative tenure return of 153.52% as of December 31, 2022, and a performance comparison benchmark growth rate of 25.90% over the same period.
Note 1: GF Ruiyi Leading Hybrid Fund was established on December 14, 2017, with a performance benchmark of 75% of the Shanghai and Shenzhen 300 Index and 25% of the CSI all bond Index. According to the fund's regular report, the performance of the fund and its comparative benchmark return for each complete natural year (2018-2022) since its inception are -7.18%/-16.77%, 42.11%/28.29%, 62.76%/21.29%, 23.12%/-2.29%, 11.21%/-15.67%. Fund manager's tenure: Lin Yingrui (December 14, 2017, to present)
Note 2: GF Multifactor Hybrid Fund was established on December 30, 2016, with a performance benchmark of 65% of the CSI 800 Index and 35% of the CSI all bond Index. According to the fund's regular report, the performance of the fund and its comparative benchmark return for each complete natural year (2017-2022) since its inception are: 9.64%/9.74%, -14.93%/-14.70%, 52.58%/23.64%, 61.38%/18.04%, 89.03%/1.76%, -18.45%/-13.00%. Fund managers's tenure: Fu Youxing (December 30, 2016, to January 9, 2018), Zhang Dongyi (January 13, 2017, to June 25, 2018), Tang Xiaobin (June 25, 2018, to present), Yang Dong (July 2, 2017, to present)
Note 3: GF Domestic Demand Growth Hybrid Fund was established on April 19, 2017, with a performance benchmark of 55% of the Shanghai and Shenzhen 300 Index and 45% of CSI All Bond Index, and the cumulative manager's tenure return is reviewed by the custodian bank. According to the fund's regular report, the performance of the fund and its comparative benchmark returns for each complete natural year (2011-2022) since its inception are: -23.71%/-11.96%, 8.75%/6.25%, -19.57%/-4.20%, 10.75%/32.28%, 27.22%/9.04%, -9.75%/-4.97%, 12.09%/11.41%, -35.39%/-11.02%, 65.96%/21.65%, 75.98%/16.47%, 8.66%/-0.05%, -11.70%/-10.74%, data from fund regular reports. Previous fund managers (tenure dates) are: Chen Shide (April 19, 2010, to June 13, 2015), Wang Xiaosong (June 13, 2015, to May 20, 2019), Wang Mingxu (October 17, 2018, to present)
Note 4: Fund manager Tang Xiaobin has been with GF Fund for 12 years since June 2011, while Yang Dong has been with GF Fund for 17 years since 2006; the two began to manage public funds in December 2014 and 2021 and have public investment years of 8 years and two years, respectively.
Risk Warning: The Fund's past performance and awards are not indicative of future performance. GF RuiYi Leaders Hybrid, GF Multifactor Hybrid and GF Domestic Growth Hybrid Fund invest in the securities market. Before investing in a fund, investors should fully understand the product characteristics of the invested funds, the unique risks that may be brought about by investing in Hong Kong stocks, and bear the various types of risks arising from the investment of the funds. The risk level of GF RuiYi Leaders Hybrid, GF Multifactor Hybrid and GF Domestic Growth Hybrid Fund is medium risk. Investors are advised to choose products that meet their risk tolerance and investment objectives. The products are issued and managed by GF Fund Management Co., Ltd, and the distributor is not responsible for the investment, payment, and risk management of the products. Before investing, please read the Fund Contract and Prospectus and other legal documents carefully to fully understand the details and risk characteristics of the Fund. Fund has risks, investment should be cautious.