Looking at southern fund's future from Longyuan's performance
-An open letter to the top management of southern fund Company.
Southern fund's strength and reputation once ranked among the top three in the fund industry, and he was known as the "big brother of the past", which made him have unlimited scenery for a while. On June 5438+065438+1October 15, 2007, I made a lot of profits when I escaped from more than 5500 points. I don't know where to invest these profits. At this time, South Longyuan was grandly launched, and I carefully studied and analyzed its release report and subscribed for these profits. However, the performance of Longyuan since its release has mercilessly unveiled the mysterious veil of southern fund, destroyed its lofty position in the eyes of the world, and aroused people's endless reverie about its future.
First, the performance of Long Yuan
(1) is a fund that deceives the public. At the beginning of the release, I found a star manager, Lu Yifan, as a cover and touted it. Shortly after the issuance, Lu Yifan resigned as the fund manager and became the investment director of the special account wealth management department. Wang Cheng and Jiang took over. Since then, Longyuan Fund holders have started a life of constant bad news and tragedy. It turns out that two highly educated fund managers are just a pair of rubbish with low IQ.
In 2008, the net value of the fund fell sharply, and the people didn't complain much about the fund manager. They know that the market has plummeted and there are no eggs under the nest. Moreover, the net value of Huaxia Industrial Fund and Cathay Pacific CSI 300 Index Fund issued in the same period fell even more, and the net value of Cathay Pacific CSI 300 Index Fund fell to 0.36 yuan. However, it is intolerable that after entering 2009, the stock index has been rising all the way. Other fund managers are Sha Rijin, and the net value of the fund has been rising, reducing the loss of the people. Long Yuan seems to have taken a dose of sweat medicine, but the fund manager is looking for a lump in the gold mine. Today, when the index doubled, the China industry, which once lagged behind it, rose by 76% to 0.99 yuan, and the Cathay Pacific CSI 300 also rose by 95% to 0.73 yuan, but it only rose by 47% and remained at 0.65 yuan (the above data ended in July 2009). As a fund manager, he was known as a financial expert, and rose by 100% in the broader market.
(2) It is a fund suspected of interest transfer. Since Lv Yifan became the investment director of southern fund Special Account Finance Department, the net value of Longyuan Fund has been declining and it is difficult to recover. People can't help but think: are they engaged in interest transfer? Add 90% positions around 6000 points, and hold them all the way to 1664 points, but decrease from 1664 points to 3300 points. Compared with nearly 90% of the semi-annual positions of nearly 100 funds, the semi-annual report of Longyuan Fund shows that the minimum position is only 60%, and the typical high position is to buy low. Moreover, when the stock market is good, we will buy high-quality stocks such as Jilin Aodong and Liaoning Chengda, and buy a number of stocks with no room for growth such as Kweichow Moutai. People have reason to suspect that Long Yuan poured precious chips into Lu Yifan's special financial account at a low price, and when the market peaked, two garbage managers would tacitly take over the high-priced chips in Lu Yifan's special financial account.
(3) It is a fund that ignores people's interests. Judging from this year's fund performance, Longyuan is the worst. Over the past year, citizens from all over the country have been complaining to southern fund Company, asking for the replacement of fund managers again and again. Southern fund Company has never respected the opinions of citizens, and only asked them to give trust and time. Has southern fund gone from bad to worse, and can't find a fund manager whose strength can surpass Wang Cheng and Jiang? Wang Yun only has experience in managing closed-end funds, and Jiang's ability has been demonstrated when he was appointed as assistant manager of Southern Global Fund. They simply have no ability to manage tens of billions of open-end funds. Why didn't southern fund Company change its fund manager? The reason is very simple: southern fund Company knew that Longyuan's brand had been smashed, and the citizens didn't redeem a large number of funds, not because they trusted Longyuan's ability to make a profit, but because they couldn't bear to cut their own throat. If the fund manager is replaced to improve the net value of the fund, a large number of deceived citizens will not hesitate to redeem the fund, then Longyuan will go bankrupt completely. Therefore, only by maintaining the current level of net worth can we prevent the citizens from redeeming the fund and maintain the operation of Longyuan, and we can continue to transfer benefits and withdraw management fees of several million yuan every year.
Second, the future of southern fund company
On the forum in southern fund, it is not uncommon for people to leave messages like this: "I will never touch the fund of southern fund Company again in my life" and "I will tell my colleagues, relatives and friends around me with the lesson of my blood, never buy the fund of southern fund Company"! I want to tell my son and grandson to stay away from southern fund's fund!
What we lose is limited money and investment opportunities, and what southern fund Company loses is the trust of citizens all over the country!
Longyuan as a whole dragged down southern fund's reputation. Judging from the performance of the fund this year, Longyuan is the worst. The whole southern fund collective also collapsed, and the industry regressed. Southern fund Company has become a third-rate fund company! Citizens no longer trust southern fund! Besides, southern fund Company has reaped the consequences, and it is losing the support of the whole country. On March 25th this year, southern fund Company issued the Shanghai and Shenzhen 300 Index Fund, which only raised 654.38+0.5 billion at the expiration of the issuance period, while the Huaxia Shanghai and Shenzhen 300 Index Fund recently issued raised 24.7 billion in one day. The back of a person is clear at a glance.
Without the interests of fund holders, there will be no interests of fund companies! If southern fund Company continues to disrespect the opinions of the citizens, ignore the interests of the citizens, transfer interests, never clean up the door, put the interests of fund holders above their own interests, and strive to improve the net value of the fund, then it is conceivable that the existing citizens of southern fund Company will continue to decrease, and new citizens will not dare to enter. The future of southern fund Company will be like a clay idol crossing the river and sinking into the river forever!