Fund manager Zhu Shaoxing of Rich Country Fund's latest position has been exposed! Increased holdings in Midea Group Co., Ltd (000333.SZ) , Bank of Ningbo (002142.SZ) and others.

On January 22, Zhu Shaoxing managed the release of the fourth quarter report for the Fuguo Tianhui Fund in 2024. The quarterly report showed that by the end of 2024, the size of the Fuguo Tianhui Fund managed by Zhu Shaoxing had decreased to 25.659 billion yuan, a decrease of 3.592 billion yuan compared to the 29.251 billion yuan disclosed in the third quarter report. In terms of changes in individual stock positions, the holdings of Midea Group Co., Ltd., Bank Of Ningbo, and Contemporary Amperex Technology all increased, while the holdings of Luxshare Precision Industry, Xinxiang Richful Lube Additive, and Spring Airlines decreased compared to the previous period. Zhu Shaoxing stated that currently, equity assets are in a good risk-return range, and from a longer-term perspective, he believes that the numerous challenges faced will eventually find a way out, making it appropriate for investors to choose the expected return level corresponding to market fluctuations. According to the disclosed quarterly report, the net asset value growth rate for Fund Shares A/B was -6.71%, C was -6.89%, and D was -2.14%, while the benchmark return rate for the same period was -0.71% for A/B, C was -0.71%, and D was -0.37%. Specifically, the most noticeable change in holdings is that Yealink and Sunresin New Materials exited the top ten, while Yantai Jereh Oilfield Services Group and Shandong Sinocera Functional Material entered the top ten. As of the fourth quarter, the top ten heavy-weighted stocks for Fuguo Tianhui Fund were Kweichow Moutai, Midea Group Co., Ltd., Bank Of Ningbo, Zhejiang CFMOTO Power, Contemporary Amperex Technology, Luxshare Precision Industry, Xinxiang Richful Lube Additive, Spring Airlines, Yantai Jereh Oilfield Services Group, and Shandong Sinocera Functional Material. Zhu Shaoxing believes that a series of macro policies in the fourth quarter have conveyed a clear shift message. Market confidence has been significantly restored in the short term from an extremely low base. The positive effects of these policies will inevitably require a relatively long period of time, and patience is needed for this. Looking at the long term, he believes that positive factors will eventually take effect. After the rapid repair, the overall valuation of the A-share market is still in an attractive position in a long cycle, with equity assets currently in a good risk-return range. He stated that in the future, he will continue to focus on finding value in high-quality stocks and concentrate on patiently collecting outstanding companies with promising prospects, waiting for the realization of value creation by the companies themselves and the cyclical return of market sentiment at some point in the future. In terms of stock selection, the fund prefers to invest in companies with good "enterprise genes," sound corporate governance, and excellent management. He believes that such companies have a greater probability of creating value for investors in the future. Sharing the capital market returns brought about by the company's own growth is the best way for growth funds to achieve returns.