Chapter 225: September Ends
"A 13% increase in just one week? So exaggerated?" Wang Chao said in a daze.
This is not a short-term investment of 70,000 or 700,000 yuan, but a fund of over 70 million yuan, which has seen such an astonishing increase in just one week.
This made Wang Chao at a loss as to how to react for a moment. The fact that Henghua No. 1 had risen by more than 3% this week and had strongly outperformed the Shanghai and Shenzhen 300 Index had already made him very excited.
However, Junshi No. 1 was 10 points ahead of Wang Chao, which made him a little desperate. How could he catch up?
"Looking at everyone's previous analysis, it's correct that Junshi No. 1 should be heavily invested in big finance and Dongfang Wealth."
Shi Xin stared at the net value curve of Junshi No. 1 and frowned. Compared with Wang Chao, he was not so obsessed with being the number one in private equity.
"Do we need to analyze this? What's rising this week? It's just the securities companies and Dongfang Wealth." Wang Chao said in a muffled voice, and then added: "And I'm sure that among the securities companies that have reached their daily limit, there must be one."
"That's understandable. After all, it's called Junshi Growth. It's understandable to buy some small brokerages." Shi Xin said with a smile.
"Oh, that's true. In the past, we only focused on his Dongfang Wealth and Tong Huashun, but didn't expand. These are also related to big finance."
"That's not true. Who would have thought that a private equity fund would hold a large position in a brokerage firm, especially since Mr. Gu was previously famous for investing in growth stocks."
“I can only say that Mr. Gu is great at picking stocks, and we should follow his lead.”
Wang Chao does not think that Gu Junhao's ability to seize hot spots and make them follow him is not just a matter of luck. Not to mention Dongfang Wealth for now, the heavy layout of brokerage stocks should be that Gu Junhao saw the opportunity at the beginning of the launch of the Shanghai-Hong Kong Stock Connect.
The net value of Junshi No. 1 exceeding 2 made Wang Chao completely lose confidence in catching up. As long as Gu Junhao did not make a fatal mistake, he would definitely be the first in the private equity ranking this year.
It is the end of the year and there are only three months left. Who knows what kind of miracle Gu Junhao will create in these three months. Wang Chao, who has lost his competitive spirit, wants to take a look.
Gu Junhao took today's after-market meeting very seriously. There are only two trading days left in September. How to plan for October's trading is the issue that Gu Junhao focuses on.
Although both indexes turned positive today, in terms of funds, the overall situation is still in a state of outflow, and the sectors that received funds inflow are also some defensive sectors.
Funds are flowing out, indexes and individual stock holdings are at high levels, and a major festival is approaching.
To sum up, for Junshi No. 1, which holds a large amount of funds, Gu Junhao does not plan to take back the previously sold positions in the remaining two trading days, and will wait until after the holiday to look for opportunities.
"I won't come next Monday. It's like I'm taking a day off in advance." After the meeting, Gu Junhao said to the three people with a smile.
"Ah, boss, you're taking a holiday now? You haven't even looked after two trading days, what should we do?" Xu Jianqing said, staring into the eyes. He had only worked for two days.
"It's up to you to do whatever you want. There are two trading days left. You don't have to take back the stocks. Look for another opportunity after the holiday."
"Also, if you want to take a holiday early, that's fine, but you need to assign someone to be on duty. You can discuss this among yourselves."
After saying that, Gu Junhao, who was about to stand up, added, "By the way, all the more than 30 million yuan in the account should be used to buy reverse repurchases next Monday. Don't let it affect the use of funds after the holiday. Do you understand?"
During major holidays, the interest rate for reverse repurchase of treasury bonds will be relatively high. Although compared with the current yield of Junshi No. 1, the interest rate for reverse repurchase is indeed not good enough.
However, every little bit counts. Funds exceeding 30 million yuan are not a small amount. Instead of letting the funds sit in the account, it is better to do a reverse repurchase.
Xu Jianqing was quite speechless about the boss's decision. Today was the day when the fund doubled, and the boss actually said something so disappointing about the reverse repurchase. However, the three of them still agreed with the boss's suggestion of taking a holiday early.
Xu Jianqing said generously: "I have just returned to work for two days. You two can take a break early. I will take over the shift."
Xu Jianqing, who went home last week, also plans to travel during the National Day, but he will just travel around Zhejiang Province. He has been working for so long and has not had a good time.
"Haha, then thank you, Team Leader Xu." Liu Tingting laughed.
"You are such a realistic person. You are usually teased by Xu Dahangzi, but now you remember that I am the team leader."
Gu Junhao ignored the three people and walked out of the trading room. The three people still had some finishing work to do. However, when Gu Junhao walked out of the trading room, he was shocked.
“Bang! Bang!”
The sound of a few fireworks made Gu Junhao freeze in his tracks: "What's going on? What's going on?"
"Congratulations to the boss for doubling the fund's returns!" Li Xinyu said with a smile, not worried at all about scaring Gu Junhao.
The income from the fund is the foundation of the company. Every Friday or at the end of the month, the entire company will pay attention to the real-time updated fund rankings to understand the specific net value data of the funds.
This is even more true for Li Xinyu. Due to the sharp drop last week, although Junshi No. 1 finally closed in the green, the performance was not particularly impressive after all. However, the net value of Junshi No. 1 this week gave everyone a big surprise.
Breaking through the net value of 2 in one fell swoop also means that Junshi No. 1 is expected to obtain more than 50% of the profit share in addition to the highest proportion of management fees, from 30% to 50%, achieving a 20% performance improvement.
The whole company was in jubilation. Li Xinyu was so happy that he got two hand-held fireworks from somewhere and waited for Gu Junhao to come out of the trading room to give him a surprise.
The other senior executives were also waiting outside the trading room. It was already time to get off work and no one had anything to do. When they saw Gu Junhao come out, they all gave him a warm round of applause.
After Gu Junhao understood everything, he couldn't help but smile bitterly. His assistant did this kind of thing, and other people, without knowing it, thought it was his order, so of course they had to cooperate.
In the end, he had to take the blame himself. Gu Junhao, not knowing whether to laugh or cry, scolded Li Xinyu and said, "Nonsense, clean it up quickly."
"Okay, I'll clean it up right away, hehe." Li Xinyu said with a smile.
Not only insiders of the company, the net value income of Junshi No. 1 has caused heated discussions on the Internet, the fund VIP customer group, and the Taogu Bar where Gu Junhao became famous.
In these two places, the customer base seemed particularly excited about the explosive returns this week. Su Mingyu was even more unusually active. His Zhongguo CSR performed poorly, and has been fluctuating around 5.2 yuan this month.
During the correction on Monday this week, CSR's share price plummeted by more than 3% at one point, hitting a low of 5.06 yuan. Fortunately, the downward trend was stopped on Tuesday, and the stock finally recovered above the 20-day line on Friday this week.
If nothing unexpected happens, there will still be fluctuations for a while; however, although he missed the brokerage market, Su Mingyu still seems very calm, and the fund income has been growing, which is also very good.
As for CSR, we are planning to invest in it for a long term, so as long as the stock price does not fall below the stop loss level, let it fluctuate .
In Taoguba, fans could not express their admiration for Gu Junhao for doubling 40 million yuan of funds in less than four months.
However, everyone was very dissatisfied with Tong Huashun's performance in recent times, and they left messages in Gu Junhao's recent posts, asking about the specific situation. This also caused Gu Junhao's posts to become popular again after a few months.
Gu Junhao was aware of the fans’ messages, but he did not make any response, and all his responses seemed a bit inappropriate.
On Monday, after staying at home for two days, Gu Junhao and Zhang Yiru started their first long-distance trip plan before the peak travel season, heading for Shu.
Wang Ruoyu also embarked on the journey home. As for Liu Tingting, she made travel plans with her best friend. In the entire trading room, only Xu Jianqing was there, making it seem particularly empty.
As the National Day approaches, trading in the two markets is obviously not as active as before. After the index rebounded last Friday, it maintained a high and narrow fluctuation trend today.
Junshi No. 1, one of the stocks held by the fund, continued to be affected by the shrinking volume today after its poor performance last Friday.
After feeling that there were no big opportunities, Xu Jianqing followed Gu Junhao's instructions on Friday and put the cash flow into reverse repurchase. However, he was a little cautious and only bought one day.
"Private equity funds went to buy reverse repurchases when the market was booming. If you tell others about this, they will be laughed to death." Xu Jianqing said with a pout.
Buy a one-day loan first, and the money will be available tomorrow. If there is still no opportunity tomorrow, buy another day’s loan.
However, on September 30, the last trading day of the month, Xu Jianqing still did not get the chance and had to buy the reverse repurchase again helplessly.
On the last trading day, Yinzhijie continued to adjust with reduced volume, and the trading volume dropped below 70 million yuan. The amplitude of the whole day was less than 5%. Finally, Yinzhijie ended the month's market at a price of 25.31 yuan, with a monthly increase of 35.35%.
Dongfang Fortune closed at 15.69 yuan in September, up 22.10% at the end of the month. Xibu Securities had a big positive line this month that penetrated all the monthly moving averages, and ended up 24.89% at the end of the month, closing at 14.55 yuan.
As for Wan'an Technology, which has the smallest position, its performance was still good in the last few trading days of the month despite the ultimate shrinkage in volume in the middle of this month, and it finally achieved a monthly increase of 12.53%, with a share price of 13.92 yuan.
However, Wan'an Technology only had a transaction volume of 900 million yuan in the 19 trading days of the whole month, which is even less than the daily transaction volume of Dongfang Wealth.
When reviewing the market at the end of the month, Xu Jianqing still couldn't understand why the boss wanted to buy such a small-cap stock with such low trading volume.
In the last two trading days, the scale of Junshi No. 1 did not change much, with the net value only increasing to 2.05, and the total scale finally settled at 82 million yuan.
Miraculously, the number just stopped at an integer. Xu Jianqing found the number a little unbelievable.
At the end of September, Junshi Growth Hybrid Fund No. 1 gave a satisfactory answer to the market and investors.
