Tian Hong Fund Management Co., Ltd. was established on June 8, 2004, and it is one of the publicly issued fund management companies approved by China Securities Regulatory Commission.

Before the launch of Yu 'ebao, the management scale of Tian Hong Fund was only tens of billions. A year later, the size of Tian Hong Fund was close to 600 billion yuan. This was an unimaginable number at that time. You know, Huaxia Fund, as the "big brother", took 16 years, and achieved a management scale of 300 billion from 80 million.

Alipay, which has made a "wedding dress" for Tian Hong Fund, is no longer satisfied with a simple cooperative relationship. 20 13, 10, Alipay's parent company contributed165438+80 million yuan to subscribe for the registered capital of Tian Hong Fund of 262.3 million yuan, and became the largest shareholder of Tian Hong Fund with a shareholding ratio of 5 1%.

Alipay's financial investment has gained rich returns. From 20 14 to 20 19, the annual net profit of Tian Hong Fund was 632 million yuan,165438+25 million yuan,15.34 million yuan, 2.65 billion yuan, 3.069 billion yuan and 22./kloc respectively.

The rise of Yu 'ebao once caused a sense of crisis in the whole industry. By the end of the first quarter of 20 17, the asset management scale of Tian Hong Fund had reached 1.2 trillion yuan, making it the first fund company in the history of domestic public offering to exceed one trillion yuan.

Extended data

Matters needing attention

First, fund companies will certainly collect management fees from them, so we must first find out whether their management fees match their management level and investment income.

Second, funds usually have sales costs, and the sales costs of funds plus the management fees charged by fund companies must be allocated to the medium and long-term investment income to offset them. Therefore, investors can better reflect the advantages of fund investment only by making medium-and long-term fund investment. As for short-term fund investment, the cost will be higher, the income may be worse, and the risk of unnecessary capital loss will be increased.

Third, generally speaking, the management level of fund companies is relatively easy to achieve sustainability and stability, and fund managers can quit or be dismissed at any time. From this perspective, it is better to value fund companies than fund managers.

Fourth, we should be alert to the situation that fund managers may make investment mistakes or major mistakes. What's more, fund companies and fund managers may operate illegally together.

When investing in funds, be careful not to put eggs in one basket, only invest in one fund, and don't buy too many funds. There is no core combination, so choose the right combination.

Baidu Baike-Tian Hong Fund Management Co., Ltd.