The charm of fund managers
The ability of fund to absorb gold is often the ability of fund managers to absorb gold. A typical example is that at the end of the third quarter of 20 19, the management scale of famous fund manager Liu was only 1 100 million yuan. In less than a year, its management scale exceeded 80 billion, increasing by more than 10 times. It is precisely because of this year's outstanding performance that Liu's management scale has greatly increased. The so-called golden cup and silver cup are not as good as word of mouth, and the charm of fund managers is truly reflected in the sales of funds.
The foundation of performance-driven fund scale growth
Performance-driven is the most fundamental reason for the formation of tens of billions of fund managers, and market conditions are the fuse. Performance, market and fan effect can be said to be important conditions for the formation of a 10 billion fund. Behind the skyrocketing tens of billions of funds, it shows that investors recognize the fund's "professional investment" ability, which objectively provides some support for the market's persistence and "long-term value investment concept".
How to evaluate tens of billions of funds
Fund company
As an ordinary investor, we should rationally face the emergence of tens of billions of funds and not blindly pursue them. To choose a fund of10 billion, you must first choose a fund company. The management of tens of billions of funds needs the systematic support of the investment and research team. Only a strong company's comprehensive strength can provide intellectual, resource and talent support for the management of large-scale funds, otherwise the scale of tens of billions of funds is unsustainable.
fund manager
For the fund manager of the 10 billion fund, it is best to be experienced and battle-hardened. In addition to outstanding historical performance, there is also experience in large fund management.
If the fund continues to be in the scale of1000 billion yuan, it is more likely that the market outlook performance will continue to be the current performance, because most fund managers whose active equity management scale can remain stable above1000 billion yuan have rich investment experience, good long-term performance, focus on risk control and small net withdrawal.
Every fund manager wants to do a good job, but for funds involving active management, the bigger the fund, the better. The management ability of fund managers is limited, and it will be more difficult to obtain excess returns if the scale is too large. In some cases, it is not conducive to fund managers holding shares.
No matter what type of fund, the historical performance has attracted the attention of the market, and then the scale of the fund managed by the fund manager has soared, but the performance has declined due to the excessive scale. To avoid this strange circle, on the one hand, there are certain requirements for fund companies and fund managers, and there are also high requirements for fund investors. After all, funds are investment tools, fund managers allocate assets according to the provisions of the contract, and investors are the ones who choose tools. Our initial intention is to make "sustainable money" in the investment market. We must be aware of it and not blindly covet the scale effect of rapid expansion.
The above is an analysis of the large scale of the fund, and I hope it will help you.