In recent years, in order to break the odds of money earned by the Fund, the people of the base have not been able to earn money.

Time periods are held depending on the specific product, with short-terms being carried half a month, with long-terms of up to three years and five years.

The ability to delegate funds to the Fund’s managers for up to three years is undoubtedly a high degree of trust and certainty for the Fund’s managers.

The second public-produced product under the umbrella of the Koizumi Foundation is a three-year holding fund, which is intended to be under the flag of the Koizumi to draw on the programme.

He was graduated from the Shanghai Transport University and joined the East Red Fund in 2009 as a “correspondent” of the new population, covering a variety of sectors, such as machinery, real estate, consumption, medicine, coal, electronics, new energy, computers, etc., and began to administer specialties in 2013 and to manage the first public-owned product in 2015.

Taking the example of the three-year open-ended fund administered by the Democratic Republic of the Congo, which began in January 2016 for more than six years from its five-year term in 2022,

The five-year closure period was fully managed, with a return rate of 96.58 per cent over a period of only 4.62 per cent over the same period. (For data sources, see endnotes).

From both an absolute and a relative profit perspective, the performance of the nascent peak during the two three-year closures is circumscribed.

The assessment of the nascent peak by the protagonists in 2009 that he was recruited into the eastern Redeploy in the Kingdom was very insightful and loving and passionate for investment;

“The person who can invest must have several elements, but it is difficult to see at the outset that you need to love the matter before you can invest in the whole body and mind, and investment is not necessarily good for all time and energy.”

The Kingdom has often said that “investing in this matter, you do not necessarily do good enough to do nothing.

“It is now possible to reflect these elements on the nascent side, that is, the love of oneself. I feel that there is such a love at this age, the greater the way he will go.

In the morning of the same day, the investment report had an exchange with the balloon, and we also refined the 14-year-old investor picture.

Enablement Unit

During the period of the fellows, the coverage of a number of industry blocks, ranging from cycle to manufacturing, has created a deep research basis for the peak.

The management portfolio has been continuously explored in the area of consumption, and has allowed a further expansion in the capacity circle.

This occupational experience has led to the fact that the balloon is known as “six-side fighters” in the industry, and that its garrison unit cuts across sectors such as consumption, the media, real estate, electronics and new energy sources, as well as the excavation of large cattle units.

In 2015, the first public-purchasing product, XXX, was initially managed by the peak, bringing the present-day company, the e-growth enterprise, and the consumption of electronics, into a warehouse.

The rest of the company, which had been in possession for 2021 years from 2015 to 2021, had been completely vacated in 2022, with an increase of more than three times.

Consumption of e-business has been taken over from 2015 to 2022, and even if equity prices have been withdrawn, the increase remains more than fivefold.

In the new energy sector, just a peak of more than two years was taken from the second half of 2019, when the stock peaked at more than 10 times.

From these pre-existing cases, it can be found that the capacity distribution of the bargain in various industries is very broad, and that the capacity circle covers fund managers in multiple industries to better match the often changing market environment and style.

High concentration and low turnover rates

bottom-up + bottom-up track

The investment framework of the nascent peak is dominated by a bottom-up fundamental selection unit, while finding investment leads in the context of a moderate perspective.

The drivers vary according to the different location of the branch.

For example, in the early stages of the industrial cycle, attention may be paid to the creation of innovative value for products.

However, in mature industries that are later in the industrial cycle, more attention may be paid to changes at the supply level.

And because of the opportunities he has sought, it is an opportunity to see a clear epicentre of value over the next two or three years.

Therefore, the entire observation cycle will be longer, and the share cycle will naturally be longer.

As a result, the overall investment style is reflected and the long cycle of concentration is more marked;

His top ten concentration of funds was almost 60 per cent, and the turnover rate was significantly lower than the equivalent rate from pass-through data.

The annual turnover rate is probably between 100 and 200 per cent, or even less than 100 per cent, as shown in the figure below.

While low-emergency is not necessarily a value investor, real-value investors will necessarily reflect the characteristics of low-emergency.

In the exchange of investment reports, the peak indicated a preference for a positive view of the heat of this year’s ad hoc assessments of AI and China.

The TMT industry and the vast majority of central bankers have been trapped in capital markets for many years, and some positive changes have ignited the market in these two directions.

Until the economy is gradually restored, it is essentially positive-oriented, and the market is gradually moving out of a glass, the opportunity will not be limited to the two directions of AI and MIC.

A recent peak indicates that industries such as textile garments, insurance, and telecommunications have shown positive signals over a quarter, and that opportunities for market penetration may arise.

Placement of industry cycle

Categories of opportunities

Question: What industries, and some industrial opportunities, are you likely to focus on at this juncture, and not, including the springs of new products that you are about to issue later?

Buith: We believe that with the rapid peak of last year’s end, the economy was the beginning of a new cycle of economic reversion.

However, in terms of the performance of capital markets, both pre-spring and post-spring should be felt.

Before spring, people may still remain trapped in counter-reversion expectations,

The Internet, including the Port Unit, the consumables of the Unit, the building of the real estate chain, building materials, home ownership, etc., represented by white liquor, were shown well before spring, and the market environment as a whole was positive.

But three months since spring, in fact