Penghua Fund three -body theory: fundamental investment experts community, attracting polygonal body, and empowering glowing body

In 2022, the Penghua Fund fully presented the state of investing in expert communities in fundamentals, attracting polygonal body, and empowerment of glowing body. The continuous output and recognition of the investment and research strength of the head asset management company is inseparable from the fundamental construction of the talent system. For an excellent asset management company, in addition to being able to continue to attract outstanding talents, it is more important to bonuse the ability to excellent talents. Through their own value empowerment, gather talents and achieve integration and development, to provide investors with sustainable returns.

Penghua Fund, which has a trillion management scale and among the industry's heads, has become the investment community of "forging" excellent fund managers and the "guests" of major authoritative evaluation agencies. In 2022, in addition to continuing to consolidate the fundamental investment system, the Penghua Fund also absorbed a number of fund managers with a diversified investment capacity. Among them, Yan Siqian, who had both 12 years of deep cultivation of the new energy track, and many investment war generals such as Yang Fei.

From the perspective of the industry, scale is an important indicator of judging the strength of asset management institutions; from a professional perspective, the core competitiveness of asset management institutions is talent and team. Talent, as the most important asset of asset management institutions, has its own life cycle. Just like in the DCF cash flow model, the largest variable that affects the value of the enterprise is "long -term". For the value assessment of the fund manager, the sustainability of obtaining excess returns has become an important factor affecting its value. The "long -term period" of excess revenue ability stems from the constant refinement of the fund manager itself, but also has a strong correlation with the platform capabilities of the company. The talents who are good at deep research on fundamentals have become the basis for the Penghua Fund, which respects fundamentals to realize each other. Relying on the "community" of long -term sharpening fundamentals, the Penghua Fund is attracting "multi -faces" investment research talents to form an effective aggregation, and continuously empower investment researchers to become "emitting".

The fundamental investment of commonly sharpened the "community"

As one of the "old ten" in the domestic public offering industry, after more than 20 years of hard work, the Penghua Fund has spanned the milestone of the size of trillion yuan asset management. In terms of management scale alone, Penghua Fund is not only a head asset management company in the domestic public offering industry, but also has also increased rapidly globally.

In 2022, the TOP500 list announced by IPE, including insurance asset management, bank wealth management companies, fund companies, pension companies and other types of asset management institutions, all included in statistics. According to the list data, as of the end of 2021, the management scale of Penghua Fund reached 1028.7 billion, ranking 26th in China and 159th in the world. It is worth noting that the Penghua Fund ranked from 183 to 159 this year from the previous year's global IPE ranking, and has strode forward 24, becoming one of the fastest domestic asset management companies in this list.

Judging from the performance of its funds, the Penghua Fund has played professional advantages over the years, and has steadily across market fluctuations with outstanding performance in the medium and long term, and reproduces the beauty of fundamental investment. According to the latest "Galaxy Securities China Public Fund Long -term Performance Rankings", as of the end of the first half of this year, a total of 49 funds under Penghua Fund, which are known as "fundamentals investment experts" Two investment directions with Solid Harvest. Among them, the 19 equity funds ranked among multiple cycle performances, including 8 active equity funds and 11 passive index funds, showing the mid -to -long -term well -invested strength.

Behind the domestic front -line active management agency is the effective architecture and construction of Penghua Fund's many years of fundamental investment system. In order to build a unified fundamental investment and research concept and framework, Penghua Fund continues to practice internal skills, continuously adheres to research and discover value, attaches importance to fundamental research, encourages researchers to maintain a calm, rational and independent value judgment in various market environments; ensure research work to ensure research work Compliance, professionalism, independence and forward -looking, are committed to finding long -term follow -up of high -quality enterprises with continuous competitive advantages and good profitability.

After years of hard work, the Penghua Fund has gradually formed a sustainable fundamental investment and research strength. It pays more attention to the pursuit of long -term returns in the investment, ignoring the volatility of short -term performance, and reduced the determination of portfolio investment. The uncertainty of investing in individual stocks, and through a rigorous and complete research system, forms a comprehensive research strength at the company level, industrial level, economic and social level, and strives to understand the fundamentals of the market in different economic environments, find the foundation of the market, and find a compliance The direction of industrial and social development, and has the best investment target with continuous competitive advantages and good profitability, and can create long -term value for investors.

"Polyonogenic" talent compatible

It is not difficult to find that Penghua Fund has been committed to creating a "fundamental investment expert" system. The investment research team of Penghua Fund is basically a cash flow model for the starting point of the company's underlying research, that is, Graham's classic value investment framework: the long -term return of buying an asset comes from the cash flow of this asset in the future. Essence The inherent value of the enterprise is not its daily closing price; the biggest risk of investment is not the fluctuation of the stock price, but the risk of changes in the internal value.

For a long time, the talent system of Penghua Fund showed two major characteristics: First, focusing on the training of internal talents, most of the fund managers started to cultivate from internal researchers, forming a unified underlying value and culture of investment research; Second, pay attention to the age structure of the echelon, and formed an investment team of the three generations of the old and young generations, and each year, an excellent new generation fund manager is cultivated. On the one hand, on the one hand, "fundamental investment" is not a simple slogan, but to the investment system, stock selection perspective, and performance attribution of each fund manager. In this regard, in the "Basic University Hall" column of Penghua Fund, which continues to launch for more than 3 years, it has a fully reflection. Through the "basic university hall" course of each fund manager, it is not difficult to see the unified underlying fundamental investment framework, as well as differentiated investment operations based on product characteristics and personal methods. On the other hand, Penghua Fund does not rely on a certain or two fund managers or product lines, but in the way of company team operations to optimize the fundamental investment and research process and build a "multi -facial body" that is compatible with a compatible fundamentals. Within the Penghua Fund, through the grouping and classification of different types of fund managers, each fund manager can maintain the style stable, while being able to focus more on the fields they are good at. Moreover, asset management companies that can become a trillion -scale management company do not rely on only one or two star fund managers, but the inevitable result of winning the entire team's collaboration.

After entering the trillion -scale milestone, the Penghua Fund also changed new changes in the talent development strategy. The joining of manpower such as Yan Siqian and Yang Fei was the iconic incident of new changes in the construction of the Penghua Fund's fundamental expert system. From the past, it mainly depends on the talent strategy of internal cultivation, expands to the new talent strategy carrying larger external investment needs, and forms a "two legs" walking. Standing at a new starting point of trillions of size, this means that the Penghua Fund means that more comprehensive product lines, more diverse investment strategies, spanning stocks, bonds, cash, domestic, overseas, active, passive multi -level asset capabilities And more powerful company overall brand. This puts forward higher requirements for the talent system of Penghua Fund.

Looking back at the rapid development of the past ten years, the Penghua Fund has fruitful, and standing at a new starting point and aggregating advantageous resources with new talent strategy, it will undoubtedly further strengthen the connotation of the "polyonogenic" of outstanding talents.

Value empowerment in the fund manager "emitting body"

After building an excellent company brand and investment and research system, the Penghua Fund is like a magnet, which can widely absorb the characteristics of excellent internal and external talents, and empower everyone to achieve a win -win situation for platforms and personal values. It also reflects the attraction of a powerful platform to outstanding talents.

Before joining the Penghua Fund, Yan Siqian had deeply cultivated in the new energy field, and the funds he managed were also achieved expensive. Public information shows that since 2011, Yan Siqian has gradually advanced from seller analysts to fund managers. Based on the long -term accumulation of long -term accumulation in the new energy field, it has been recognized by the foundation. Although it is not long to take over the product after joining the Penghua Fund, it has also achieved the "opening of the door" of performance. In addition to the performance of its own professional strength, it is inseparable from the platform of Penghua Fund.

In fact, not only the new energy track, but also the Penghua Fund using the "Group Army" combat model. The investment research team covers each industry and style and forms complementarity. In the fields and asset fields of large consumption, large medicine, large manufacturing, large technology, large finance, large financial, large asset FOF, Penghua Fund has emerged as representative products of "fever" and the flag of "glowing". Fund manager.

More importantly, because the Penghua Fund Platform does not rely on the single soldiers of the fund manager, through the cooperation and complementary investment and research platforms, the fund manager, fund manager assistant, and researchers have formed better interaction and researchers Sharing, promoting continuous growth of each other, also helps fund managers can calmly respond to the market in the backwind period, keep the investment moves without deformation, ensure that the investment concept and style are not drifting, and also become the greatest protection of investors.

As we all know, although a single internal talent training mechanism can be unified in ideology and culture, it may not be able to create a comprehensive product strategy system. Diversified compatibility and accumulation will inevitably require platform -type asset management companies to form a benign tolerance culture. From the values ​​of the underlying level, the Penghua Fund has built a unified underlying investment thinking of the fundamentals. After crossing the size of trillion management, the inclusiveness of the Penghua Fund culture has gradually appeared. In terms of the company's culture, Penghua Fund has become more and more open to outstanding talents. By absorbing richer special investment strategy experts, its product line has diversified expansion.

After more than 20 years of deep accumulation, the Penghua Fund has been tested for a long time to sharpen the "community" of fundamental investment; the "polyhedron" fundamental investment expert group condenses on the elite gathering platform; and on the basis of the value empowerment of the large platform The stronger the attraction of Penghua Fund to outstanding talents, and prompting them to become a shining investment "glowing body" and continue to provide customers with returns.

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