跟随基金经理实盘：天弘基金推出创业板智能定投的“买卖刻度尺”

Group 1 - The core viewpoint of the articles highlights the strong performance of the ChiNext Index in 2023, with a peak increase of 90%, but a recent pullback of nearly 8% in November due to a rotation in technology themes [2][3] - Analysts suggest that the adjustment in the computing power sector post-Q3 reports is common, and the ongoing strong demand driven by AI presents opportunities during these adjustments [3] - The ChiNext Index maintains a relatively low valuation, with a dynamic price-to-earnings (PE) ratio around 40 times, significantly lower than the 80% and 70% percentiles of the CSI 300 and CSI 500 indices, respectively [4] Group 2 - The article discusses the challenges investors face in achieving wealth growth through traditional fund investment strategies, which can sometimes lead to losses if not executed properly [5] - Tianhong Fund has introduced a new strategy for ChiNext index investment that focuses on price-to-book (PB) ratios to optimize buying and selling timing, addressing the limitations of traditional investment methods [5][6] - The strategy suggests increasing investment when the PB ratio is below the historical 50% level and decreasing it when above, with a simple formula for calculating investment amounts based on current PB [5][6] Group 3 - The Tianhong valuation investment strategy aims to transform the "buy low, sell high" logic into a quantifiable discipline, helping investors navigate market volatility by focusing on valuation levels [6][9] - Historical data indicates that even during market downturns, the strategy can yield positive annualized returns, with the best results seen from investments initiated during prolonged market declines [8][9] - The strategy's implementation has shown that it can maintain an upward asset curve despite market fluctuations, providing a smoother investment experience compared to fixed monthly investments [9] Group 4 - Tianhong Fund provides a systematic approach for investors to engage in ChiNext index investment through a monthly calculation of the PB ratio, with specific investment amounts based on this ratio [11][12] - The fund's strategy includes a dual condition for profit-taking, which helps avoid premature selling during early bull markets while ensuring timely exits during market reversals [5][11] - The ChiNext ETF from Tianhong has gained significant popularity, with over 850,000 holders, indicating strong investor interest in the ChiNext index [13]