China Merchants Antai Bond A

(217003) Public offering Bond type
+Add self selection
one point three one one three -0.05% -0.0007
Unit net value [2024-09-26]
two point three one seven two
Accumulated net value [2024-09-26]
       
Net worth estimate[ 2024-09-26     ]
  • Last month: 0.34%
  • Last season: 0.85%
  • Last half year: 2.04%
  • Since this year: 3.42%
  • Last year: 4.76%
  • In the last two years: 6.75%
  • In the last three years: 12.06%
  • Since its establishment: 215.58%
  • Date of establishment: 2003-04-28
  • Fund Manager: Liu Wanfeng
  • Product type: Contractual and open
  • Latest share: 1 billion 305 million
  • Subscription status: Can be subscribed
  • Latest scale: 3.647 billion yuan
  • Investment style: Ordinary bonds
  • Management company: attract investment
essential information
Fund abbreviation China Merchants Antai Bond A Full name of the fund China Merchants Antai Bond Investment Fund
Fund code two hundred and seventeen thousand and three date of establishment 2003-04-28
Total fund shares (100 million) --(2024-06-30) Fund size (100 million yuan) 1.788 billion (2024-06-30)
Fund manager China Merchants Fund Management Co., Ltd Fund Custodian China Merchants Bank Company Limited
fund manager Liu Wanfeng and Kang Jing Operation mode Contractual and open
Fund type Bond type Secondary classification --
Minimum participation amount (yuan) one thousand Minimum Redemption Units one hundred
Fund Benchmark China Securities Bond Index yield * 95%+interbank deposit rate * 5%
Investment objectives Pursue a high level and stable current income to ensure the long-term security of the principal.
Investment Style Ordinary bonds
scope of investment The investment scope of this series of funds is defined as stocks, depositary receipts, bonds and other investment varieties approved by the CSRC. The scope of stock investment is all legally issued A-shares with good liquidity in China. The main types of bond investment include treasury bonds, financial bonds, corporate bonds and convertible bonds. China Merchants Antai Bonds mainly invest in treasury bonds, financial bonds, corporate bonds, convertible bonds and other investment varieties approved by the CSRC.
investment strategy Asset allocation This series of funds currently includes three funds with different asset allocation. China Merchants Bond Fund (95% bonds, 5% cash), China Merchants Balanced Fund (50% bonds, 45% stocks, depositary receipts, and 5% cash), and China Merchants Equity Hybrid Fund (75% stocks, depositary receipts, 20% bonds, and 5% cash) are all stock/bond funds. The allocation ratio of stocks/depositary receipts and bonds is relatively fixed, and tactical asset allocation is generally no longer required, Only the necessary flexibility is guaranteed in operation. That is, in consideration of the actual operational needs of fund management, this series of funds allow the allocation ratio of shares/depositary receipts and bonds of subordinate funds to be adjusted within an appropriate range centering on the benchmark ratio. The above cash does not include provisions for settlement, deposits and subscription receivables. Stock selection and portfolio construction This series of fund stock investment emphasizes the organic combination of quantitative stock screening and qualitative company research, and the real-time application of industry assessment methods and risk control means for portfolio adjustment. Among them, company research is the core of the entire stock investment process. Through the research, we can get the evaluation of the company's profit growth potential and reasonable value level, so as to find out the stocks that are undervalued by the market and have good cash flow growth. The main process of stock investment of this series of funds includes: a. Select by liquidity indicators and establish alternative stock pool b. The stock in the candidate pool is quantitatively analyzed and scored by the model; c. To comprehensively investigate the future development of listed companies with a qualitative stock rating system; d. Industry analysis model and other adjustments; e. Establish simulated stock portfolio; f. Using risk control model to adjust portfolio and control investment risk; g. Simulate the execution of the combination. Bond portfolio construction The approach of this series of funds to bond portfolios draws on the experience of ING in overseas investment management. ING's bond investment adopts active investment management to obtain a yield that matches the risk, while ensuring that the liquidity of the portfolio meets the needs of normal cash flow. The bond investment process is carried out as follows: a. Forecast long-term change trend of yield b. Duration management c. Bond portfolio management d. Bond portfolio risk control (4) Investment strategy of depositary receipts On the premise of controlling risks, the Fund will invest in depositary receipts based on the investment objectives and stock investment strategies of the Fund and the in-depth research and judgment on the investment value of the underlying securities.