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作为国内管理共同基金时间最长的基金经理之一,我曾经受了牛熊市的洗礼,亲历了中国股市的多次变革。一路走来,我一直非常注重考察管理团队的专业能力和公司的核心竞争力,秉承华安自下而上精选个股的一贯风格,使安顺基金的组合中,有了一批长期投资的战略性品种。正是基于对宏观经济和全球政治经济格局的认识,2005年安顺在同行中较早意识到了航天军工行业的投资动力和持续成长性,并结合中观的行业竞争格局和进入壁垒分析,微观的公司跟踪研判, 对该板块进行了较成功的配置,其中最成功的品种即为航天电器。而对天威保变投资的前瞻性也再次体现了上下结合的成功。后期市场对“十一五”产业政策相关个股的认可与追捧,实际上也是为宏观和中观层面提供
As one of the fund managers with the longest management mutual fund in China, I was baptized by the bull and bear markets and experienced many changes in the Chinese stock market. Along the way, I have always attached great importance to inspecting the professional ability of the management team and the company’s core competitiveness. Adhering to the consistent style of Huaan’s bottom-up selection of individual stocks, the combination of Anshun Fund has resulted in a number of strategic long-term investments Variety. It is based on the understanding of the macroeconomic and global political and economic patterns. In 2005, Anshun earlier realized the investment momentum and sustained growth of the aerospace and defense industry in its peers. Combined with the industry competition pattern and entry barrier analysis, the micro The company tracking and judging, the plate was more successful configuration, of which the most successful species is aerospace appliances. However, the forward-looking investment in Tianwei change again reflects the success of the combination of up and down. The late market recognition and pursuit of “Eleventh Five-year” industrial policy-related stocks, in fact, is also provided for the macro and meso-level