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Markets · Fund
E&P CSI 500 Index Enhanced Fund opens for subscription today
CKN
2021/09/15 07:16:28
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Sep 15, 2021 (China Knowledge) - E&P CSI 500 Index Enhanced Fund (013640) is launched today for subscription. The fund is an enhanced equity index fund managed by Everbright PGIM Fund Management Co.,Ltd. This fund enhances the return of an index by using active management to modify the weights of stock holdings for additional return.

Our records show the company is currently managing 64 funds with aggregate AUM of RMB 96.76 bln.

The investment manager Jin Fangyi has over 6 years of experience. He has previously developed expertise in mitigating various risks, optimizing fund performance, and has a PhD's degree. Currently there are 9 funds under his management, totaled RMB 5,194 mln asset under management (AUM).

Jin seeks to invest the fund mostly in the manufacturing, finance and transportation, warehousing & postal services industry. The top 5 holdings in his current portfolio are Industrial Bank Co.,Ltd. (601166), China Merchants Bank Co., Ltd. (600036), Hangzhou Robam Appliances Co.,Ltd. (002508), Foshan Haitian Flavouring and Food Company Ltd. (603288) and Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. (600809), among which the best performing security fell 2.51% over the past 3 months.

E&P Chinext Quantitative Selected Equity Fund (003070) which he manages, since 2 Jan 2020, performed the best recording 41.42% in terms of annualized return, exceeded its peers’ average return. Over the past 6 months, it has realized a total gain of 41.28%.

His other 8 funds are E&P Style Rotation Hybrid Fund (002305), E&P Industry New Power Dynamic Allocation Hybrid Fund (002772), E&P Chinext Quantitative Selected Equity Fund (003069), E&P Chinext Quantitative Selected Equity Fund (003070) and so on offer annualized performance from 1% to 41%.

China Knowledge tracks and monitors fund managers’ all historical performance to assess one’s resiliency when handling market volatilities. In this respect Jin is given a 'B’ rating. This rating means the returns on some his managed funds exceeded the average of similar funds or correspond with market benchmarks. His risk control among all fund managers is average. On resiliency against market volatilities he has made rational decisions, and obtained slightly better returns.  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 Sep 27.

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