sharky3spinningreel|GARP策略高手蒲世林匠心之作 富国远见价值混合发行正当时

Recent economic report card released in the first quarterSharky3spinningreelA number of data show that China's economy is in a recovery channel, and the equity market is also reflected, out of the deep V situation of first suppression and then rise, A-share liquidity pressure is alleviated and risk preference is significantly repaired. Against this background, a mix of rich country visionary values at the helm of rich country GARP strategist Pu Shilin is in hot release. Standing at the current time, the fund manager is optimistic about the future stock market. He believes that it is a good time to buy stocks with strong competitive advantage, large room for growth and undervalued stocks. He is especially optimistic about the three major directions of health care industry, manufacturing industry, and high dividend assets.

Under the trend of the accelerated evolution of population aging, the growth rate and certainty of the demand side of the health care industry, as a field weakly related to the macro-economy, is quite significant, and domestic health expenditure is expected to continue to grow in the future. At the same time, a number of industry policies are also actively promoting pharmaceutical innovation, and data show that the number and market size of innovative drug products approved in 2023 have set a new record. Judging from the current position of the pharmaceutical sector, after three years of adjustment, the valuation of the industry has fallen sharply, basically close to the low point of the last round in 2018.Sharky3spinningreelFrom the perspective of the proportion of institutional allocation, the pharmaceutical sector is also in a relatively low position in the past decade; from the horizontal comparison of the industry, the pharmaceutical industry has obvious advantages and outstanding performance-to-price ratio.

Manufacturing going out to sea is also the direction that Pu Shilin pays close attention to. For manufacturing enterprises, going out to sea is the trend of the times. In view of the fierce competition in the domestic market, manufacturing enterprises going abroad is not only a positive response to the country's opening-up strategy, but also can effectively avoid international trade barriers and geopolitical risks, and better integrate into the global market. At the same time, China has also issued a series of policies aimed at vigorously supporting the upgrading of large consumer goods such as automobiles and household appliances, as well as equipment, which also provides a strong guarantee for the performance growth of related industries. Under the premise of focusing on geopolitical risks, the new fund will focus on enterprises that can establish their own brands and sales channels overseas, have carried out capacity layout in advance in the past 5-10 years, and are about to enter the harvest period after a long-term and sound operation.

As a GARP player, Pushelin's previous investment focused on growth stocks and paid less attention to assets with high dividends and dividends. With the change of economic structure, Pushelin consciously enhanced his research on such assets. He believes that as the domestic economic growth center slows down, capital expenditure in most industries decreases, free cash flow increases, and enterprises' ability to pay dividends increases. The superposition policy encourages factors such as an increase in the proportion of dividends and a continuous decline in risk-free interest rates, and the attractiveness of the allocation of high dividend assets is further enhanced. Although the dividend strategy has been partially verified, stocks with high potential dividend yield or growth potential still have good investment value.

In addition to the excellent fund manager at the helm, Wells Fargo Fund will also rely on excellent research strength to protect the new fund. As one of the "old ten" public fund companies, Wells Fargo Fund has experienced 25 years of precipitation, adhering to the investment policy of "in-depth research, bottom-up, respect for personality and long-term return", and inheriting the investment culture of "intensive research on individual stocks" and "paying attention to growth". Has achieved comprehensive coverage of key industries and fully supported the selection of stock products. By the end of 2023, Wells Fargo Fund has won a total of 70 Taurus Awards, 51 Golden Fund Awards and 62 Star Fund Awards, and its strong strength has been recognized both inside and outside the industry.