ICBCCS Food And Beverage Industry Hybrid Fund opens for subscription today.

Sep 23, 2021 (China Knowledge) - ICBCCS Food And Beverage Industry Hybrid Fund (013289) is launched today for subscription. The fund is an aggressive allocation fund managed by ICBC Credit Suisse Asset Management Co,Ltd This fund mainly invests in stocks, with 60%-95% stock allocation.

Our records show the company is currently managing 200 funds with aggregate AUM of RMB 681.34 bln.

The investment manager Wang Peng has over 2 years of experience. He has previously developed expertise in mitigating various risks, optimizing fund performance, and has a master's degree. Currently there are 4 funds under his management, totaled RMB 1,434 mln asset under management (AUM).

Wang seeks to invest the fund mostly in the manufacturing, information transmission, software & information technology services and finance industry. The top 5 holdings in his current portfolio are Tangshan Sanyou Chemical Industries Co.,Ltd (600409), Yunnan Aluminium Co.,Ltd. (000807), Jointo Energy Investment Co.,Ltd.Hebei. (000600), China International Marine Containers (Group) Co., Ltd (000039) and Sinotrans Limited (601598), among which the best performing security rose 63.27% over the past 3 months.

China Fund CSI 500 Enhanced Index Fund (006440) which he manages, since 9 May 2020, performed the best recording 49.96% in terms of annualized return, exceeded its peers' average...