The first is "looking at people". Ordinary investors may pay more attention to the fund manager's performance, but Li Biao and his investment team will use a comprehensive qualitative and quantitative analysis framework to deeply analyze the factors behind the fund manager's performance, including the fund manager's personality, risk preference, investment concept, investment ability and corresponding ability circle, and even the fund manager's diligence, professionalism, long-term learning and evolution ability.
The second step is "selecting products". In this step, FOF fund managers will focus on the products managed by relevant fund managers, and deeply analyze the sources of excess returns and risk characteristics of these products. Analysis methods include qualitative research and quantitative analysis, such as dismantling historical location according to public information and carefully verifying it through various details.
The third step is "configuration". In Li Biao's view, FOF fund managers will have a continuous accumulation in the market, sub-sectors and even individual stocks. Only in this way can they make a good configuration and choose the right people and products at the right time.
"And we can't just look at the fund's ability to make money, not just its offensive ability, but also its defensive ability and the fund manager's control over portfolio risk and retracement. Because we hope that these fund products at the bottom will make money for us for a long time, rather than skyrocketing, we don't need such funds. " Li Biao stressed.
The fund selection method is as follows:
1. First, know your risk tolerance. Generally speaking, from the perspective of risk, stock type >: mixed type > bond type > currency type. Investors with weak risk tolerance can make their first investment from a mixed fund of money, bonds and partial debts. Secondly, when choosing a fund, we should have a comprehensive understanding.
2. Scientific analysis and selection can be investigated from the following aspects. "Fund Profile": Many funds are named after "company name, investment direction and type". The net value of the fund is the actual price of the fund trading on that day, but the actual buying time of the fund during the trading hours of that day is unknown. "Historical performance": compare the fund with the performance benchmark to see if the fund can perform well in history. Historical performance is for reference only, not as a basis for trading. Fund manager: Understand the working years of fund managers, investment ideas and the performance of other funds in their management history.