张坤旗下基金披露三季报 继续聚焦内需消费与科技

Core Viewpoint - Zhang Kun's fund management has shifted focus towards domestic consumption and technology sectors, increasing positions in companies like Focus Media, Yum China, and Google, while also adding to holdings in Kweichow Moutai and Wuliangye [1][2][3]. Fund Performance - The E Fund Quality Select Mixed Fund (QDII) reported a net asset value of 5.7973 yuan with a growth rate of 17.58%, outperforming its benchmark by 4.01% [1]. - The E Fund Blue Chip Select Fund showed a net asset value of 2.0449 yuan and a growth rate of 16.37%, exceeding its benchmark by 3.12% [3]. - The E Fund Quality Enterprise Three-Year Holding Fund had a net asset value of 1.0393 yuan with a growth rate of 15.81%, also surpassing its benchmark by 2.56% [5]. - The E Fund Asia Select Fund reported a net asset value of 1.368 yuan and a growth rate of 17.63%, outperforming its benchmark by 8.05% [7]. Portfolio Adjustments - The top holdings in the E Fund Blue Chip Select Fund included Tencent, Alibaba, and Kweichow Moutai, with significant reductions in Tencent and Alibaba, while increasing positions in Kweichow Moutai and Yum China [4]. - The E Fund Quality Enterprise Three-Year Holding Fund saw a notable decrease in holdings for most stocks, except for Yum China, which had an increase [6]. - The E Fund Asia Select Fund replaced ASML and SK Hynix in its top ten holdings with Google and Prada, while reducing positions in Trip.com and TSMC [8]. Investment Philosophy - Zhang Kun emphasizes a bottom-up research approach to identify companies with strong business models, competitive advantages, and sustainable growth potential [9]. - The long-term view suggests that despite short-term market fluctuations, structural factors will drive growth in China's economy, particularly in domestic consumption [10][11].