Among the management companies in Public Offering of Fund, apart from the number one, the fund manager is the most profitable one, because the fund manager is the most important core asset of this company.

What does the R&D department do? Responsible for product development, research and development of new fund products, exploration, fund sales and maintenance during operation. In fact, most of them are copied from foreign countries, such as grading funds and the following long-short grading products.

The task of the fund manager is to operate the fund. In fact, a good fund is increasingly maintained in the direction of the fund manager's personal ability. In the past, we always said team support. Now we look at the products of a fund company, and the performance varies greatly, so it is not a team problem. The stock pool is similar, depending on how to handle stock trading.

So fund managers must be higher than research and development.