西部利得港股通新机遇混合A：2025年第一季度利润235.06万元 净值增长率15.3%
Sou Hu Cai Jing·2025-04-21 08:35

Core Viewpoint - The AI Fund West China Li De Hong Kong Stock Connect New Opportunities Mixed A (008861) reported a profit of 2.35 million yuan for Q1 2025, with a net asset value growth rate of 15.3% during the period [3][4]. Fund Performance - As of April 18, the fund's unit net value was 0.564 yuan, and it is classified as a flexible allocation fund primarily investing in pharmaceutical and medical stocks [4]. - The fund's performance over various time frames includes: - 3-month net value growth rate: 12.49%, ranking 52 out of 129 comparable funds [4]. - 6-month net value growth rate: -4.20%, ranking 99 out of 129 comparable funds [4]. - 1-year net value growth rate: 18.80%, ranking 19 out of 129 comparable funds [4]. - 3-year net value growth rate: -25.47%, ranking 72 out of 104 comparable funds [4]. Risk Metrics - The fund's Sharpe ratio over the past three years is 0.0659, ranking 36 out of 100 comparable funds [9]. - The maximum drawdown over the past three years is 50.65%, with the largest single-quarter drawdown occurring in Q1 2022 at 28.84% [11]. Investment Strategy - The fund manager indicated that the Hong Kong stock market experienced a recovery driven by domestic technological innovation post-Chinese New Year, leading to a revaluation of technology leaders [4]. - The fund has adjusted its positions, taking profits from technology growth stocks while increasing allocations to cyclical sectors and pharmaceuticals [4]. Fund Holdings - As of Q1 2025, the fund's total assets amounted to 17.16 million yuan [15]. - The top ten holdings include Tencent Holdings, Alibaba-W, Hong Kong Exchanges and Clearing, China Mobile, China Resources Beer, Xiaomi Group-W, Kingdee International, China Biologic Products, BeiGene, and Li Auto-W [17]. Portfolio Allocation - The average stock position over the past three years was 81.35%, compared to the industry average of 86.88% [14]. - The fund reached a peak stock position of 89.48% at the end of Q3 2023, with a low of 72.27% at the end of H1 2023 [14].