Yunnan Aluminium (SZ:000807) Zhi Tong Cai Jing·2024-04-19 03:00Group 1 - The core viewpoint of the news is that the fund manager Jiao Wei has made strategic adjustments in the portfolio of the Silver Hua Fund, focusing on the food and beverage sector due to its cost-effectiveness, while also investing in the pig farming industry and consumer sectors like white goods and textiles [1][8] - As of the end of Q1 2024, the net value of Silver Hua Wealth Theme Mixed A Fund was 4.2726 yuan, with a growth rate of 9.41% during the period, outperforming the benchmark return of 2.94% [2][3] - The fund increased its holdings in China National Offshore Oil Corporation and China Mobile, while reducing its positions in Kweichow Moutai and Shanxi Fenjiu, indicating a shift in investment strategy [1][2] Group 2 - The Silver Hua Food and Beverage Selected Mixed Fund increased its holdings in Wens Foodstuff Group and added new positions in Wuliangye and Yili Group, while reducing its stakes in Kweichow Moutai and Shanxi Fenjiu [3][4] - The fund's performance showed a decline, with the net value of the Silver Hua Food and Beverage Selected Mixed A Fund at 0.6705 yuan, reflecting a growth rate of -1.19% [4] - The market sentiment for the food and beverage sector is cautiously optimistic, with expectations of gradual recovery in consumer confidence following strong performance during the Spring Festival [7][8] Group 3 - The Silver Hua Wealth Selected Mixed Fund saw Wuliangye rise to the top holding, while Kweichow Moutai fell to second place, with significant increases in holdings for Yingjia Distillery [5][6] - The fund's net value was reported at 0.5941 yuan, with a growth rate of -3.19%, indicating challenges in the current market environment [6] - The fund manager emphasized the importance of selecting high-barrier brands and strong management teams in the liquor industry, as market dynamics shift towards concentration among top players [8]