Affected by policies and demand, the upstream and downstream industry chains of new energy such as auto parts, new energy vehicles, unmanned vehicles, and energy storage have recently risen, leading to a rapid rebound in new energy-themed funds.
271 funds rebounded more than 40%
Statistics show that from April 27 to June 22, there were 271 equity funds with a net value growth rate of more than 40%.Among them, TEDA Manulife New Energy A rebounded the most, with a growth rate of 58.46% in the net value of re-weighted units; China Securities (601066) Low-Carbon Growth A and Xin'ao New Energy Select's re-weighted unit net value growth rate also exceeded 57%.
From the perspective of heavy holding stocks, the above funds all prefer the new energy sector.According to the data of the first quarterly report, Huayou Cobalt (603799), Yiwei Lithium Energy (300014), Tianqi Lithium (002466), Ganfeng Lithium (002460) and other upstream resource stocks, LONGi Green Energy (601012), JA Solar Photovoltaic industries such as Technology (002459) and JinkoSolar, as well as battery materials such as Defang Nano (300769) and Xingyuan Materials (300568), are all heavyweight stocks of related funds.
The rise of the new energy sector has caused the relevant funds to quickly "return blood", and the income has turned red during the year.Taking TEDA Manulife New Energy A as an example, the fund is heavily invested in the new energy industry. The net value of the fund has fluctuated downward since the beginning of the year, and fell to 0.9347 yuan on April 26, with a loss of 34.16% during the year.Subsequently, on April 27, when it bottomed out and rebounded, the fund's net value rose by as much as 8.44% in a single day.As of June 22, the net value of the fund has risen to 1.4811 yuan, with a return of 4.33% during the year.
Several equity funds such as China Securities Construction Investment Low-Carbon Growth A, Xinao New Energy Select, and Jinxin Transformation and Innovation Growth have also rebounded significantly in the past two months, and their earnings have turned red during the year.
Focus on performance improvement
Regarding new energy vehicles, Yang Chao, manager of Jinxin Transformation and Innovation Fund, said that the wave of electrification and intelligence provides a path for domestic auto brands to develop towards high-end.Through differentiated and competitive products, domestic brands have achieved breakthrough progress and achieved preliminary results.At present, new energy vehicles have entered the introduction period from the initial stage, and the sales of automobiles have grown rapidly.
Lei Jun, general manager of the Quantitative and Index Investment Department of Great Wall Fund, believes that the European energy crisis has evolved into an energy security issue, the global PV demand is very strong, and the industry boom is expected to continue.From the perspective of corporate profitability, photovoltaics are a high-growth sector, and the performance of related stocks is worth looking forward to.
Lei Jun said that the rebound since May shows that investors are paying more attention to the future performance recovery.At the current point in time, it is important to pay attention to whether the variable of marginal improvement can be verified.
Looking forward to the future, Yang Chao believes that after solving the problem of car cruising range, consumers' focus on new energy vehicles will shift to the driving experience, and the attention of car intelligence will increase.The application of new technologies such as millimeter-wave radar and lidar in new models shows that automotive intelligence has entered the introduction period.Standing at the moment, the intelligentization of automobiles may be one of the directions with the most rapid development potential in the next 10 years.
Lei Jun believes that the photovoltaic industry has continuously raised its performance expectations recently, and the fundamentals are relatively solid.Most of the photovoltaic industry chain is dominated by domestic companies. The short-term core variables are energy prices and European energy security, and the long-term variables are the continuous increase in global demand under the carbon neutral path.If the two variables do not change much, the photovoltaic prosperity is likely to improve, and corporate profits will continue to rise.
