New Industries Active Growth Fund

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Product Summary

Investment Objective
Relying on industry research and financial engineering teams, the fund adopts an investment strategy that combines “top-down” asset allocation and “bottom-up” selection of individual stocks. The Fund uses a combination of quantitative and qualitative methods to dynamically adjust the allocation of stocks, bonds, cash and other major assets through the study and judgment of macroeconomic and market trends, combined with the consideration of the return risk characteristics of related types of assets.

Investment Scope
The manager selects financial instruments with good liquidity, including domestically issued legally listed stocks (including GEM, SME board and other stocks), bonds, money market instruments, warrants, asset support Securities and other laws and regulations or other financial instruments. The proportion of equity assets in the investment portfolio is 60%-95% of the fund’s assets. Among them, the proportion of investments in stocks of emerging industry listed companies is not less than 80% of stock assets.

View full prospectus (in Chinese)

Fund Facts

Fund Type

Risk Level*

Moderate
Minimum Investment

¥1000
Open Date

2011-9-28
Fund Manager

刘瑞 Lin Rui
Fund Custodian

China Construction Bank
Fund Advisor

Soochow Asset Management Co., Ltd.
Annual Expense Ratio**

1.75%
Purchase Fee

1.5%
Redemption Fee

1yr> – 0.5%, 1yr< – 0.25%, 2yr< – 0%

* More info on risk.

** Expense ratio amounts are already included in the return and daily value figures listed. More info on fees .

Current Price

Daily Price[post-content id=6945]
Daily Change[post-content id=6950]
Last Updated[post-content id=6116]

Asset Distribution

Stocks92.68%
Bonds0%
Cash & Short Term Debt7.32%
Total Fund Assets (¥)343,000,000
Date Reported:2020/09/31

Recent Performance

Time PeriodAverage Return
6 months[post-content id=4458]
YTD (year to date)[post-content id=4460]
1 year[post-content id=6860]
2 years[post-content id=4464]
Since inception[post-content id=4466]

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Top 10 Holdings

Stock name (English)Stock name (Chinese)Portion of net worth
Ping An Insurance中国平安9.41%
Luzhou Laojiao泸州老窖9.18%
Longji Silicon Materials隆基股份8.64%
Science City Development银泰黄金7.69%
SonoScape Medical Corp开立医疗7.27%
Shandong Gold Group山东黄金7.24%
Fawer Automotive Parts富奥股份6.92%
Changzhou Xingyu星宇股份6.14%
King-Strong New Material新劲刚4.64%
Getein Biotech基蛋生物4.45%

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More on Risk

Risk is a measure of how likely it is that you could lose money in an investment. Knowing the risk level you’re comfortable with and the length of time you expect to invest can help you select an appropriate fund for your investing needs.

The potential for risk in Chinese funds can be categorized in levels from 1 to 5. Knowing the risk level you’re comfortable with and the length of time you expect to invest can help you select an appropriate fund for your investing needs.

 

Conservative funds

Risk level 1

Funds are classified as conservative if their share prices are expected to remain stable or to fluctuate only slightly. Such funds may be appropriate for investors with short-term investment horizons (3 years or less). They usually contain short-term bonds (debt) & cash positions instead of stocks (equity).

 

Conservative to moderate funds

Risk level 2

Funds classified as conservative to moderate are subject to low to moderate fluctuations in share prices. In general, such funds may be appropriate for investors with medium-term investment horizons (4 to 10 years). They usually contain all types of bonds (debt) instead of stocks (equity).

 

Moderate funds

Risk level 3

Funds classified as moderate are subject to a moderate degree of fluctuation in share prices. In general, such funds may be appropriate for investors who have a relatively long-term investment horizon (more than 5 years). They usually contain a mix of bonds (debt) as well as stocks (equity).

 

Moderate to aggressive funds

Risk level 4

Funds classified as moderate to aggressive are broadly diversified but are subject to wide fluctuations in share prices because they hold virtually all of their assets in common stocks. These funds may be appropriate for investors who have a long-term investment horizon (10 years or longer).

 

Aggressive funds

Risk level 5

Funds classified as aggressive are subject to wide fluctuations in share prices. These funds may be appropriate for investors who have a long-term investment horizon (10 years or longer). The unusually high volatility associated with these funds may stem from a number of strategies, such as only choosing stocks from a specific industry/sector.

Simple Fees Breakdown

 

There are two types of fees to consider:

1. The fund expense ratio. This is the total amount that the fund company charges to manage the fund annually. This expense is already built into the share price of each fund. The expense ratio is displayed on each fund page.

2. ExpatInvest’s management fee. The annual management fee is how we are able to provide this service. ExpatInvest charges no other outside fees. No load fees, brokerage fees, or transaction fees.

 

Our Management Fee Structure

Total Account Assets Annual Management Fee
< ¥100,000 2.0%
¥100,000 < ¥500,000 1.6%
¥500,000 < ¥1,000,000 1.2%
> ¥1,000,000 1.0%