The first is that different types of funds have different performance benchmarks. However, different types of funds have different agreements on stock positions. For example, stock funds require that the allocation of their stock assets should not be less than 80% of the total assets of the fund, while flexible allocation funds generally have a stock position of 0-95%, which is highly adjustable.
Limited by the proportion of stock positions, the performance of funds is different under different market conditions. When the market is booming, the performance of hybrid funds is not as good as that of stock funds, and when the market is depressed, the security of hybrid funds is higher than that of stock funds.
Different fund investment scope will also bring greater differences in investment income. Different fund products have different positioning and different investment directions, such as different sectors, different themes, some partial consumption, some partial technology, some partial medicine, and so on. In a certain period of time, the performance of the consumer sector may be better, so the increase in funds biased towards consumption will be relatively more prominent.
The scale will also affect the performance of the fund to a certain extent. Take a fund managed by a fund in the market as an example (real data). Among the six funds managed by fund managers, the fund with the best performance has a fund income of over 70%, a fund size of around 300 million, a fund performance of around 40%-50%, and a fund size of over10 billion.
Another point about the size of the fund is that if the fund manager prefers small-cap stocks, but the fund size is too large, the investment is not flexible, and the management is difficult.