Yang Delong: Consumption relay and new energy leaders are worthy of long -term attention

Yang Delong | Cube, everyone talks about column authors

On Monday, June 27, the Shanghai and Shenzhen cities continued to rebound under the leadership of consumer stocks. When the market saw the underlying bottom on April 27, I suggested that everyone seize the timing of layout of high -quality stocks and high -quality funds under 3000 points, focusing on new energy and consumption, because from the perspective of economic transformation, the most beneficiary is the most beneficiary It is two major directions for new energy and consumption, and the new energy sources are less affected by the epidemic, so it will take the lead in rebounding. Then consumption is expected to take over the rising baton that has risen new energy to continue to rise. Although consumption is an industry that is affected by the epidemic, the impact of the epidemic is short -term. Once the epidemic is effectively controlled, consumption will usher in a significant increase in a significant increase. Consistent with me before, consumption started after the new energy rising. Consumption sectors such as white wine, Chinese medicine, food and beverage, duty -free shops rose sharply on Monday, which led to the popularity of the entire market.

The Qianhai open source high -quality faucet fund I managed. In the first quarter, the top ten heavy stocks were basically deployed for new energy leading stocks and half of the consumer white horse stocks, which reflected that I was one in the investment in the investment. High -quality leading stocks in large directions.

Consumption is a variety worthy of long -term attention, especially brand consumer products with long -term investment value. The reason why Buffett was successful in investment and long -term huge returns are related to his unswervingly deploying consumer white horse stocks. Whether it is the Coca -Cola, Poetry Candy, or the apple that has brought him hundreds of billions of dollars in recent years, it is essentially consumer stocks. Buffett's stock selection methods, investment methods and good mentality are worth our learning. At the end of April, the market was extremely pessimistic. When many investors were confused about the future, I suggest that you see hope from despair. In fact, it depends on which industries will rise after the epidemic. The most elastic is the consumer sector. Now that the epidemic in various places has been effectively controlled on June 1st, and consumption is gradually recovering. Now more and more people travel to travel to the country, some attractions have been full again, and many restaurants have begun to lift up long dragons, which shows that consumption is gradually recovering.

Some time ago, I attended the Baijiu Leading Shareholders Meeting and saw the strong investment attractiveness of the brand's consumer goods again. Before the meeting, I and the well -known investor Lin Yuan, but Bin Tea Syrodal Exchange's view of the market and the understanding of value investment. In the long run, adhering to value investment, and the company's shareholders are one of the best investment strategies for market opportunities. And those who can cross the beef and bear cycle and the economic cycle are undoubtedly a brand consumer product with excellent performance. my country's advantage is that it has the world's largest consumer market and the largest population. Therefore, companies that can achieve brand consumer goods in the country often have huge growth potential, especially Buffett's consumer monopoly enterprises. Through strong brand advantages and huge attractiveness to investors, these companies have formed a very broad moat, making other companies unable to compete with them. Such companies are called consumer monopoly companies, and they have long -term investment value. Among them, high -end liquor, the brand value is very high, and it is irreplaceable on many occasions. In this case, long -term performance growth is guaranteed. Therefore, it is unswervingly optimistic about consumer white horse stocks. When each round of market plunge, decisive low layout is a better investment strategy.

Since the market at the end of April has seen the bottom bottom, new energy is undoubtedly the largest direction of the increase. In 2019, I proposed that new energy replace traditional energy is the general trend. Vigorously developing clean energy is the only way to achieve dual carbon targets. From the perspective of investment, new energy benefits both policy support and huge market demand. From the perspective of market space, the power generation of photovoltaic and wind power currently accounts for less than 10%of my country's overall power generation. The proportion of new energy vehicles in the sales of new cars is less than 20%, which shows that in the future, there is still a long way for new energy vehicles to completely replace traditional energy, which also means that there is still a lot of market space. Therefore, although there is already a large wave of recovery from the bottom, it still has great growth potential in the long run. You can continue to optimize the new energy leading stocks and look forward to the long -term performance of clean energy funds.

From the perspective of policy, the rules of personal pensions investing public funds have been announced. On June 24, the "Interim Provisions on the Management of Business Management (Draft for Soliciting Opinions) of Personal Pension Investment Public Investment Funding Fund Business Management (Draft for Opinions)" was publicly solicited from the society. The "Interim Provisions" has a total of 30 chapters and 30 articles, which mainly specify three aspects. The first is to clarify the overall principles and basic requirements of fund managers and fund sales institutions to carry out personal pension investment fund business; the second is to clarify the fund product standard requirements that personal pensions can invest, and the investment management and risk management duties of fund managers The third is to clarify the requirements of the exhibition industry of fund sales institutions, and make stipulations on the duties of fund sales agency information prompts, account services, publicity recommendations, appropriate management, and investor education. Judging from the focus of the "Interim Provisions", the following points mainly include the following points. First, the Personal Pension Fund system has been included in the pension target fund at the end of the last four quarters of the last four quarters; the second is to participate in fund sales Institutions need to meet the scale of stock funds and hybrid funds at the end of the last four quarters of the last four quarters, the scale of not less than 20 billion yuan, which emphasizes that individual investors hold stock funds and hybrid funds in the scale of not less than 5 billion yuan; A series of regulations such as the safe operation of assets. This is equivalent to clarifying the principles and methods of investors investing personal pensions in public funds, which is conducive to promoting the construction of the personal pension system, improving the three pillars of my country's pensions, and bringing a large number of new scale to public funds. The support is conducive to the long -term stable and healthy development of my country's capital market. By attracting pensions to enter the market, encouraging long -term investment is conducive to promoting the formation of value investment concepts, and it is also conducive to strengthening the power of institutional investment and maturing the A -share market. In recent years, with the entry of long -term funds such as pensions, the value investment of the A -share market has become increasingly becoming an investor's deep investment concept, and more and more investors are accepted. And promoting value investment, calling for investors to do a good job of the company's shareholders or configuration of high -quality funds is a matter of countless merits. I have also been doing their best, integrating knowledge and action, combining value investment theory with fund investment practice, and strive to give back to the majority of investors with excellent investment performance, and at the same time make more investors realize the charm of value investment.

Responsible editor: Yang Zhiying | Audit: Li Zhen | Director: Wan Junwei

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