Recently, the news that Cai Songsong, the manager of Nuoan Fund, won the 70 million year-end award was hotly debated, and then Nuoan Fund denied it, saying? This figure is too exaggerated? . However, netizens still can't stop. The Nuoan Growth Mix managed by Cai Songsong was scolded by Weibo Hot Search, and netizens all pointed the finger at the decline of fund performance. This is not the first time that Cai Songsong and Nuoan Growth Mixed Fund have been hot searched. Due to the skyrocketing and plunging, Nuoan Growth Mix and Cai Songsong have been repeatedly scolded for hot search. Cai Songsong's highly concentrated position style is quite controversial in the industry, and some even point out that this is a gamble.

The fund fell by 7.57% in the past month, which attracted everyone to vomit. Many investors began to joke in the comment area, pointing out that the performance of the online celebrity fund Nuoan growth portfolio has declined.

Netizen a said:? I don't know what you're cursing, but I think it's good to buy Nuoan Growth Mix. I bought 1000, and now I have 8000 left, which I have spent by myself. ? Netizen b said:? You can't rush to buy Noan Growth Mix. Just rose for two days, slowly endure, naturally lost. ? Netizen c said:? Believing in evil is really bad. I used to watch people scold Noah for growing up. I don't believe in evil, I don't believe in buying. Now I will scold with others. ?

Cai Songsong currently manages two funds, namely Nuoan Growth Mix and Nuoan and Xin Flexible Allocation Mix. The total assets of the current fund are 40.992 billion yuan. And what is the performance of Nuoan Growth Hybrid Fund? According to the latest fund net value.

On February 5, 2020, the net value of Nuoan Growth Hybrid Fund decreased by 2.68%, with a unit net value of 1.7 1 yuan and a cumulative net value of 2. 1.55 yuan. From a long-term perspective, the fund fell by 5.2 1% in the past week, by 7.57% in the last month and by 22.76% in the last year, far below the average level of its kind of 46.03%. During the period, it experienced many ups and downs, and the trend was like a roller coaster. Straight flush data shows that from Cai Songsong's appointment to February 25th, 2020, the unit net value of Nuoan's growth and recovery rose from 1.22 yuan to 2.7 1 yuan, with a cumulative increase of 1.23%. It is precisely because of the substantial improvement in performance that it has attracted the subscription of the basic people. On March 3, 20201day, the net value of Nuoan growth recovery unit fell to 1.88 yuan, with a decrease of more than 30% during the period. On July 14, 2020, the fund's net reinstatement value rebounded to 3.36 yuan, and fell to 2.32 yuan on September 10, 2020, with a decrease of 3 1% during the period. Due to the skyrocketing and plunging, Nuoan Growth Hybrid Fund and Cai Songsong have been vomited by investors and even searched repeatedly. The attitude of netizens towards funds and even fund managers is a love-hate relationship, which constantly changes with the fluctuation of their performance. Some netizens even joked? Won the manager Cai, lost the manager Cai won the dad Cai, lost the Cai? .

The reason why the performance of Nuoan Growth Hybrid Fund has skyrocketed and plummeted is not unrelated to Cai Songsong's operating style. According to the latest data in the fourth quarter of 2020, the top ten positions of Nuoan Growth Hybrid Fund are 84.08%, all of which are semiconductor stocks, among which the market value of Weir, Beifang Huachuang, SMIC U, Sanan Optoelectronics, Zhao Yi Innovation and Zhuo Shengwei all account for more than 9% of the fund's net value.

Some insiders pointed out that the Nuoan Growth Hybrid Fund is a typical fund that focuses on the level of individual stocks and at the same time on the industry level. This highly centralized position style makes it difficult for funds to avoid the risk of a single industry decline. So? Is the wind coming? At that time, the performance will be particularly bright, but on the other hand, it will also lead to higher fluctuations. This kind? Extreme? The holding experience may not make most holders firmly hold it.

This mode of operation is quite controversial in the industry. Previously, an yun, deputy general manager of Changxin Fund, said in the second quarterly report of domestic demand growth of Changxin in 2020. Recently, I heard about a hard-core growth product. The fund manager has only been in the business for three years and invested for one year. The scale has rapidly expanded from more than one billion yuan last year to nearly 20 billion yuan at present, and most of the scale has flowed in the second quarter of this year. The products are basically all semiconductors. I can't help thinking deeply. Although sour grapes are inevitable, is this really good? ?

Although there is no name in the report, on the whole, the above details are highly coincident with Noah's growth mix and Cai Songsong. Some insiders even pointed out that such a high concentration of positions violates the practice of decentralized industries, which can be said to be a bet-type gambling. If you lose the bet, it is the people who suffer, which is a very risky behavior.

There are great risks in the centralized allocation of fund industry. Although the fund has soared and plummeted, it has even been called hot search many times, but I have to admit that the Nuoan Growth Hybrid Fund has been compared? Passerby? Well-known, has become an online celebrity fund outside the investment circle, and fund manager Cai Songsong may also become a public offering? Top traffic network celebrities? The size of the fund is also soaring. Before investing in a fund, you must understand the style and investment performance of the fund manager; If it is an investment equity asset, it is recommended to establish a long-term investment concept. If there is no long-term idle funds, it is recommended not to invest in equity assets as much as possible.