Last night, Zhao Yi, the top flow fund manager of Agricultural Bank of China Huili, wrote to the holders, saying that he would go to the outside world and thank the holders for their trust and support. I hope everyone will continue to support Agricultural Bank of China Huili.

Zhao Yi's letter made people feel reluctant to read it. After all, in the past two years, Zhao Yi's strength has been recognized by the market, and she also won the top four annual performance in 2020. If I were the holder, I would definitely recognize him and thank him very much.

But now, Zhao Yi is going to pursue his dream. So, is it necessary for the holders who have trusted him for several years to stick to these products that Zhao Yi once managed?

Brother z is thinking about this problem. If I have the theme of Agricultural Bank Industry 4.0 or Agricultural Bank New Energy, I will definitely redeem it without hesitation. There is a saying that buying an active fund is actually buying a fund manager and buying the best fund manager. The successors behind may also be excellent, and there is more than one awesome fund manager, but the top fund managers are still scarce resources after all. Here, Brother Z is not saying that Liu Ding's successor is inferior to his predecessor, but that there is no need to hang himself from a tree.

I wonder if other friends have the same idea as brother Z.

Recently, there have been many cases in which senior fund managers leave their jobs. Before Zhao Yi, there was a famous Dong. People leave the impression that once the manager Public Offering of Fund becomes famous, it may be only a matter of time before he leaves.

So, brother Z searched for the famous top-stream resignation case in history.

There is no doubt that Kong Fai and Wang Yawei, the first batch of top-notch fund managers, left the company first.

From August 2005 to May 2007, Kong Fai managed the core value portfolio of ICBC for less than two years, and its post return rate was 254%. Then he founded Star Stone Investment, which opened a great era of distinguishing between public and private.

This stage of Kong Fai's management is also the best stage of ICBC's mixed performance of core values. After Kong Fai, this product has changed fund managers many times, and its performance really lags far behind that of Kong Fai.

However, Kong Fai's departure seems to have little impact on the scale of ICBC's core value portfolio. After all, 2007 was a bull market for share reform, and the bull market lasted until June 2007 165438+ 10. Before and after Kong Fai's resignation, the redemption amount of this product was not large, and the total scale showed an upward trend.

Look at the second place, Wang Yawei, who is also known as the big brother of public offering. Wang Yawei created the myth of China's market choice. Wang Yawei began to manage Huaxia Xinghua, a closed-end fund, from 1998, and then worked in Huaxia Growth Mix, Huaxia Market Selection and Huaxia Strategy Mix for 13 years. During his management of China's market selection, he achieved a total return of 1 195.25% in six years, which may be unparalleled now.

In 20 12, Wang Yawei set up 1000 joint ventures, which caused a sensation. After that, there were 7 fund managers selected by Huaxia Market, but their performance was not as good as before.

Look at the impact of Wang Yawei's departure on the product scale. Wang Yawei left his post on May 20 12. In the first quarter of this year, the selected holders of Huaxia Market redeemed1600,000 copies, and by the end of June of 20 12, the holders redeemed1960,000 copies. In other quarters, the redemption amount is actually very small.

At that time, another product managed by Wang Yawei, Huaxia Strategic Combination, was also the same. 20 12 holders redeemed more than 400 million copies in the second quarter.

Back to the question at the beginning of the article, when the top flow fund manager leaves, do we, as holders, choose to keep it or redeem it?

Brother Z also repeated his point of view again. Buying active products means buying fund managers, that is, buying the best fund managers. Although no fund manager is irreplaceable, although the successor fund manager may have the same investment style as his predecessor, the most powerful fund manager is still scarce resources after all. Therefore, if I hold the products managed by Zhao Yi before, I am very grateful for the generous returns he has brought to the holders, and I will continue to trust and support the Agricultural Bank of China Huili Fund Company. However, the holder is responsible for his wallet. Now that the best fund managers are gone, I may redeem them. However, if other friends still recognize the new successor fund manager, they may wish to keep it.

(Risk warning: Equity funds are high-risk varieties, so investment should be cautious. This information does not serve as any legal document, and all the information or opinions expressed in the information do not constitute the final operational suggestions for investment, law, accounting or taxation. I don't guarantee the final operation suggestion of the content in the information. In any case, I am not responsible for any loss caused by anyone using any content in this material. China's fund operation time is short, which can't reflect all stages of stock market development. The past performance of fixed investment does not represent the future performance. Investors should fully understand the difference between fixed investment and lump-sum withdrawal. Regular fixed investment is a simple and easy way to guide investors to make long-term investment and average investment cost. However, fixed investment can not avoid the inherent risks of fund investment, can not guarantee investors to obtain income, nor is it an equivalent financial management method to replace savings.

Investors are investing. Before investing in the Fund, please carefully read the Fund Contract, Prospectus and other fund legal documents, fully understand the risk-return characteristics and product characteristics of the Fund, fully consider your own risk tolerance, rationally judge the market on the basis of understanding the products or services and listening to appropriate opinions, make investment decisions carefully according to your own investment objectives, duration, investment experience, asset status and other factors, and bear investment risks independently. The market is risky, so be cautious when entering the market. Fund managers remind investors of the principle of "the buyer is responsible" in fund investment. After an investor makes an investment decision, the investment risks caused by the fund operation, the fluctuation of the listing price of the fund share and the change of the fund net value shall be borne by the investor himself. )

National business daily