Few investors think she is just a scapegoat. If investors can't see the essence of the whole incident clearly, it is best not to invest, otherwise it is impossible to make money.
Why is she just a scapegoat?
The fund manager I mentioned is called "Dream Circle". According to public information, she graduated from Peking University and Reading, England. Although the latter is not a very good university, "Peking University" is bright enough. At present, the funds she manages are "Agricultural Bank of China Health Care Stock" and "Agricultural Bank of China Huili Innovative Medical Portfolio".
Note that she has been the manager of these two funds since February 24th. Why should I emphasize this time node?
First, February 24th is the day when the Shanghai Composite Index confirms its downward trend.
Second, in fact, since February of 18, the share of the fund group has obviously disintegrated. For example, Kweichow Moutai, such as Mindray Medical and so on.
Is this a coincidence? Professionals can't be wrong about the general direction When the fund company found out and confirmed that the holding fund had begun to disintegrate, everyone knew what would happen later, but no one could save anyone. Because according to the operating rules of the fund, it is impossible to short.
The stocks with heavy positions are the votes of major funds, even if it wants to lighten up, it will not help. Because everyone has this idea, cutting too hard will directly hit the limit, which is equivalent to killing the net value of your fund.
Although the two funds managed by Mengyuan have different names, their holdings are almost the same. This is very common in the last two years, and it is also the main reason for the amazing power of the fund.
Many investors expressed "anger" at the ability of Dream Circle. These angry people are pathetic and pitiful.
What a simple truth: Are the stocks held by those two funds bought by Mengyuan? But according to the rules, can she clear the warehouse on her first day in office on February 24? Even if she completely predicted the following market, there was nothing she could do.
The former managers of these two funds were called "Zhao Wei".
According to the information, he doesn't manage any funds at present. His timely departure made his resume quite perfect. If he works for the new fund in the future, then the plunge of the two funds now has nothing to do with him. What investors can see in the future is a king with brilliant achievements.
Those who don't understand the above will still pursue the king enthusiastically next time.
Of course, he did nothing wrong himself, which is understandable. Survival of the fittest, he responded well to the rules of the game.
There are many Jianghu stories.
Last year, I said that there was a private equity fund in Guangzhou, which paid investors a basically fixed dividend at a fixed time every year. Anyone who knows common sense will know that there is something wrong with it.
On the bright side, this fund is actually lending, and the so-called dividend is the annual interest.
On the bad side, this fund is actually acting and cheating, so as to win the trust of more investors.
Yesterday, a well-known private equity fund company in Guangzhou was exposed as "inflated net value of 65.438+0.8 billion yuan". What is inflated net assets?
Let's talk about net worth first. The net value is the daily price change of each fund you buy. Assuming a fund has a net worth of 2 yuan, I can buy 5,000 copies when I buy 10000 yuan, regardless of the handling fee. My shareholding (shares) will remain unchanged in the future. Whether I make money or lose money, the intuitive performance is whether the net worth is higher or lower than when I bought it.
Therefore, for investors in the same fund, everyone's daily net worth is exactly the same (to be changed together), the difference is the number of shares held.
The so-called inflated net worth means that the fund company pretends that the fund is making money. Obviously, today's net value is 1 yuan, and now I tell you that it is 1.05 yuan, which is just an inflated increase.
That private placement in Guangzhou inflated by 654.38+08 billion, which means that it earned 654.38+08 billion more. According to the investigation, it also misappropriated fund assets of 600 million yuan. That is, 600 million of the money invested by the big family was misappropriated by it.
This is the difference between private equity funds and Public Offering of Fund. Public Offering of Fund does not have this problem, you can rest assured. The problem lies in the contradiction between supervision and investment information protection.
Private placement has higher investment flexibility than public offering. For example, if a fund holds a group of stocks, private fund managers can choose to clear their positions in just a few days. But public offering is not good.
But as far as ability is concerned, it does not mean that private placement is stronger than public offering. The biggest difference lies in flexibility, capital scale and investor structure. Investor structure also has a great influence on the return on investment of funds, such as public offering, which faces a large number of redemptions and new subscriptions almost every day, and fund managers have to buy or sell frequently; Private equity funds basically do not have this problem, and sometimes they don't have to move for several years.
So there is no difference between the two.
Compared with investors, people are more confident. A statistic shows that 12% of fund investors think their financial knowledge level is much higher than the average level of their peers.
4 1.4% fund investors think that their financial knowledge level is higher than the average level of their peers.
39.8% of fund investors think their financial knowledge level is about the average level of their peers.
The above three figures add up to 93.2%. Obviously, this can't be true, because China has 600 million fund investors and 654.38 billion shareholders. If 93.2% of people are professionals, who are the remaining fools? How can it lead to the stampede of funds holding stocks? Jimin could have redeemed it long ago, so there wouldn't be such a close market.
This confidence is terrible. Not afraid of ignorance, but afraid of the confidence of the ignorant.
Recently, the market plummeted, and the dream of beauty fund managers after 90 years was shattered. Time-to-market loss of 25% is about 654.38+0 billion. In addition to her, many star fund managers have shown great retreat in this matter. For example, in Public Offering of Fund, A Zhang Kun's net worth has retreated by more than 22%, and there is also a 20 19 income champion. Liu has retreated more than 23%, but the robot said, it's nothing. The huge loss is close to 30%, and there are 13 days left. Whether to stop loss or accept fund investment is by no means a one-off event. Long-term holding is the correct way to open it. Then, taking ordinary partial stock funds as an example, the longer they are held, the higher the probability of positive returns. Historical experience tells us that time is to achieve positive returns. The main factors, being able to withstand loneliness and prosperity, the impossibility of trinity in the market, and our enchantment are all good, and my products are bright after a long time. It's not polished there. Look before you see it, even if you don't report it, you won't do it. If you don't use that innovative and excellent active fund for a long time, give them more time through the investment philosophy and direction of the empty pillow fund manager. Really, the longer you hold it, the higher the income.
Worse than Dou E!