In short, my mother is looking for the best investors to form a team, allocate funds and put them into the market, which not only exerts team strength, but also does not limit personal style. MoM model is a relatively new asset management strategy, which began in the 1980s. Russell in the United States is the founder of MoM.
The fund manager of MoM fund does not directly manage the fund investment, but entrusts the fund assets to other fund managers for management, and directly grants these fund managers the authority to make investment decisions. MoM fund managers are only responsible for selecting excellent entrusted fund managers, tracking and supervising the performance of these entrusted fund managers, and replacing them when necessary. MoM Fund and the trustee fund manager sign corresponding entrustment contracts to realize this principal-agent relationship.
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The difference between mom and FOF
FOF(Funds of Funds), that is, funds in funds, that is, combined funds, take "funds" as the investment target, and hold multiple different funds under a trust account to diversify investments, which technically reduces the risk of centralized investment. Compared with investing in a single fund, FOF fund is a "product portfolio", and its potential advantage is that it can achieve a better risk-return ratio by optimizing asset allocation.
Unlike the FOF model, the MOM model directly invests in fund managers. By dividing the funds of the parent fund products into several sub-funds, each sub-fund is managed by an excellent investment manager, which realizes the transformation of asset management from "product portfolio" to "fund manager portfolio". Moreover, because the investment managers are carefully selected from the market by MOM managers using multi-dimensional, quantitative and qualitative methods, the selected fund managers must achieve personal characteristics, performance and performance.
In addition to excellent and stable performance, different investment managers complement each other in style. Mom is a new industry in China. At present, only a few institutions such as Zhongke Huize Assets carry out this business.
On the whole, MOM managers dynamically allocate large-scale assets, control the industrial allocation concentration of MOM products as a whole, and effectively control the fluctuation risk of products, all of which help MOM reduce the maximum withdrawal of products, reflecting the value of MOM in helping investors realize the diversification of investment, the controllability of risks and the stability of income.
Baidu Encyclopedia-Mom Mode
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