Jun 28, 2021 (China Knowledge) – Gfund ESG Sustainable Growth Hybrid Fund (012388) is launched today for subscription. The fund is an aggressive allocation fund managed by Gfund Management Co.,Ltd. This fund mainly invests in stocks, with 60%-95% stock allocation.
Our records show the company is currently managing 27 funds with aggregate AUM of RMB 35.48 bln.
The investment manager Zhang Hang has over 2 years of experience. He has previously developed expertise in mitigating various risks, optimizing fund performance, and has a PhD’s degree. Currently there are 11 funds under his management, totaled RMB 2,952 mln asset under management (AUM).
Zhang seeks to invest the fund mostly in the manufacturing, transportation, warehousing & postal services and finance industry. The top 5 holdings in his current portfolio are Ministry of Finance of the People’S Republic of China (019640), Hangzhou Hikvision Digital Technology Co.,Ltd. (002415), S.F. Holding Co., Ltd. (002352), Contemporary Amperex Technology Co., Limited (300750) and Longi Green Energy Technology Co., Ltd. (601012), among which the best performing security rose 51.85% over the past 3 months.
Gfund Guoxin Dynamic Allocation Hybrid Initiating Fund (009762) which he manages, since 1 Jul 2020, performed the best recording 29.81% in terms of annualized return, exceeded its peers’ average return. Over the past 6 months, it has realized a total gain of 6.48%.
His other 10 funds are Gfund Minfeng Return Six Months Regular Open Hybrid Fund (005018), Gfund Xinyi Medicine Consumption Hybrid Initiating Fund (009507), Gfund Xinyi Medicine Consumption Hybrid Initiating Fund (009508), Gfund Guoxin Dynamic Allocation Hybrid Initiating Fund (009762) and so on offer annualized performance from -4% to 29%.
China Knowledge tracks and monitors fund managers’ all historical performance to assess one’s resiliency when handling market volatilities. In this respect Zhang is given a ‘C’ rating. This rating means the returns on managed funds are line with the average of similar funds or correspond with market benchmarks. His risk control may need improvement. On resiliency against market volatilities he may expose to higher risk, and may underperform. The highest rating for a fund manager is an ‘A+’ to subsequent lower order of ‘A’, ‘B’, ‘C’ and the lowest is ‘D’.
The subscription for this new fund will close on Jul 16.
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