first of all, it is true that South Hedge has accumulated a net appreciation of 268% since its establishment, but it depends on when and under what circumstances it achieved such impressive results. In 24, there was a big bull market in bonds. Due to the flexible allocation, under the auspices of manager Su Yanzhu, a large number of bonds were allocated, and the trend was very strong! Ranked among the best in the fund industry! In 25-6, when the stock market was in such a downturn, Manager Su still made the fund achieve positive returns every year, which was really rare! I bought it for the first time in 23, and the first issue of 26 ended. Then in 27, what happened in the capital market? As we all know, the net value of hedging in the South soared with the market changes! Did not show a conservative capital preservation side! However, after Su Yanzhu's resignation, in 28 and 29, the manager was replaced, and he was no longer the former manager Su. The net value of southern hedging has always been near 2 yuan, with little dividends and no increase in net value. It was completely "eating old money", especially in the latest issue: 29 -212, which was more obvious, not enterprising, and realized in three years. Equivalent to bank deposits! However, during 28-212, the capital market was not empty: in 29-1, the market rebounded. Except for 211, there was almost no bond market, and the other bond markets were good every year. The same closed-end fund, Tianfeng, a rich country, achieved more than 3% income in 28 -21, but what did the South do to avoid risks?

to sum up: the fund manager has changed, but it just won't work! The company sells brands and collects management fees! Advise netizens: Don't buy it!