1. Length of service
Excellent fund managers should stand the test of bulls and bears. Fund managers who have not experienced a round of bulls and bears are not considered here.
Because fund managers who have had a bull-bear experience may have a relatively perfect investment system, and at the same time, they will be more comfortable in dealing with extreme market conditions.
Although the new fund managers will be excellent, San Sijun thinks it is more important to give money to those fund managers who have proved themselves in the market.
Therefore, fund managers who have served for less than five years will be removed from the list. With such a knife, qualified fund managers dropped from 1847 to 380.
2. Historical performance
The fund performance managed by excellent fund managers must also stand the test. If the historical performance of the fund managed by the fund manager is poor, it is probably because of the ability problem.
Therefore, San Sijun thinks that the historical annualized rate of return of funds managed by fund managers is lower than 7%, and all of them are eliminated. The reason is very simple. If it is less than 7%, it is better to buy a money fund.
With such a knife, the number of qualified fund managers dropped from 380 to 65.
So, are these fund managers excellent?
Not really. We need further screening.
There is a simple reason. For example, there are two fund managers, one is 6000 and the other is 2000. Under the same conditions, fund managers who work at 2000 points are much more likely to get high returns.
In addition to paying attention to the fund manager's tenure, we should also pay attention to the departure time.
For example, Zou Wei of Huian Fund Management Co., Ltd. shows that the fund managed by Manager Zou has a high cumulative rate of return, which was basically created when he left his job in the bull market in 2008.
There are also some fund managers who mainly manage index funds, so it is a bit unfair to include the performance of their index funds in the assessment criteria.
For example, Ran of Dacheng Fund Management Co., Ltd. According to the data, Manager Ran mainly manages QDII index funds that invest in overseas markets.
Therefore, San Sijun thinks that a relative income standard should be added to the standard of "the historical annualized rate of return of funds managed by fund managers is higher than 7%".
Therefore, if the fund performance managed by the fund manager exceeds the benchmark annualized rate of return of less than 4%, it will be eliminated. With such a knife, the number of qualified fund managers has dropped from 65 to 46.
If you want to further narrow the scope, you can improve the screening criteria (for example, the historical annualized rate of return cannot be lower than 10%, etc.). ), so I won't go into details here.
Well, today I will share with you some ideas on how to choose excellent fund managers for your reference only.