[Introduction] Feng Mingyuan resigned as vice president of Cinda Australia and Asia and became the company's chief investment officer.
China Fund News reporter Zhang Yanbei
On the first day of November, a well-known fund manager officially announced a change in his position.
resigned as deputy general manager and was transferred to the company’s chief investment officer
On November 1, Cinda Australia Asia Fund issued an announcement on executive changes. Feng Mingyuan resigned from the company’s deputy general manager on October 31 due to work arrangements and was transferred to the company’s chief investment officer and co-chairman. Investment director, fund manager.
It is understood that before this job change, Feng Mingyuan served as the deputy general manager, joint investment director and fund manager of Cinda Australia and Asia Fund.
The above changes have been reviewed and approved at the board meeting of Cinda Australia and Asia Fund, and have been filed with relevant regulatory agencies in accordance with regulations.
In response to this, Cinda Australia Asia Fund responded to a reporter from China Fund News, saying that after resigning and transferring, Mr. Feng Mingyuan will focus more on the investment research business and strive to create a long-term sustainable upward performance curve to provide investors with a long-term sustainable upward performance curve. Create long-term value.
Cinda Australia and Asia Fund stated that as the core professional talent of the team, Feng Mingyuan will continue to play his professional leading role, continue to improve the competitiveness of the overall investment research team, and is committed to providing investors with higher quality services and better returns. Cinda Australia Asia Fund will continue to provide good soil for each investment researcher's independent thinking, cross-research, and sharing of results. The entire investment research team is committed to exploring investment directions that are more in line with the development laws of the times, and formulating and implementing more viable investment strategies, improve a more scientific and efficient investment system, and ultimately provide customers with a better investment experience.
public information shows that in 2014, Feng Mingyuan joined Cinda Australia Asia Fund and served as a researcher and fund manager assistant. Later, in October 2016, he began to manage the public fund . The first fund he managed was a fund that was only 10% in size at the end of the third quarter of that year. Xinao New Energy Industry worth RMB 64 million.
By the end of 2019, Xinao New Energy Industry had achieved large excess returns by relying on its heavy position in electronic stocks, with annual returns reaching 94.11%, ranking among the top in its category. Feng Mingyuan also won the championship of one-year, two-year and three-year stock funds. It was also from that time that he became known as a "technology stock hunter" and managed up to 10 products at the same time.
Since the second half of 2022, in order to manage its products more focused, Feng Mingyuan has gradually reduced the number of funds under management. As of the end of November last year, he had resigned from the position of fund manager of 6 products. As of now, Feng Mingyuan has 4 fund products under management, and the total management scale at the end of the third quarter of this year is approximately 13.9 billion yuan, which is a significant "burden reduction" compared with the peak management scale of 42 billion yuan.
The returns of the four funds managed during the year were all positive
Looking for outstanding companies that can actively respond to new changes and new impacts
As a well-known fund manager in the industry, Feng Mingyuan's performance and market views have also attracted much attention. Data from
wind shows that as of October 31, the four funds managed by Feng Mingyuan all achieved positive returns during the year. During the third quarter, the performance returns of these four funds in the third quarter were all above 9%, which enabled them to better grasp the market rebound.
In the third quarterly report, Feng Mingyuan also revealed his latest operating ideas. He said that in the third quarter of 2024, the positions of the products under management were mainly in the electronics, machinery, computers, automobiles, and new energy industries, maintaining the proportion of positions in the electronic semiconductor industry.
He judged that China's semiconductor industry has experienced a phase of industry destocking and price reduction in the past two years. Current chip prices and inventory levels have returned to a balanced state, and the industry is expected to show a moderate recovery in the future. The semiconductor companies invested by the funds he manages also involve products related to photovoltaics, energy storage, and the automotive industry. Quite a few companies have power, power management and other related products.
In addition, the computer industry has experienced a sharp decline in the first half of 2024, and the valuations of some high-quality companies have become somewhat attractive.
"At the current stage, the U.S. dollar interest rate is still at a periodic high. Global geopolitical and military conflicts continue. The fragmented world poses challenges to China's technology and manufacturing industries. The globalization model has diverged. As a global manufacturing factory, the Chinese economy "We have also been affected accordingly." Talking about his views on current market opportunities, Feng Mingyuan said, "In the current unfavorable global macro environment, we look for and hold outstanding companies that can actively respond to new changes and new impacts, hoping to compete with them. Excellent companies go through the cycle together.”
editor: Xiaomo
review: Muyu
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