It seems that most investors have natural trust in large-scale funds. Really speaking, we should rationally face large-scale funds, especially tens of billions of funds, and don't blindly pursue them.
To choose a large-scale fund, we must first choose a fund company. The management of tens of billions of funds needs the systematic support of the investment and research team. Only a strong company's comprehensive strength can provide intellectual, resource and talent support for the management of large-scale funds, otherwise the scale of tens of billions of funds is unsustainable.
Then there is the fund manager. For the fund manager of the 10 billion fund, it is best to be experienced and battle-hardened. In addition to outstanding historical performance, there is also experience in large fund management.
If the fund continues to be at the scale of1000 billion yuan, it is more likely that the market outlook performance will continue at present, because most fund managers whose active equity management scale can continue to be stable above1000 billion yuan have rich investment experience, good long-term performance, focus on risk control and less net exit.
Every fund manager wants to do a good job, but for funds involving active management, the bigger the fund, the better. The management ability of fund managers is limited, and it will be more difficult to obtain excess returns if the scale is too large. In some cases, it is not conducive to fund managers holding shares.
No matter what type of fund, the historical performance has attracted the attention of the market, and then the scale of the fund managed by the fund manager has soared, but the performance has declined due to the excessive scale. To avoid this strange circle, on the one hand, there are certain requirements for fund companies and fund managers, and there are also high requirements for fund investors. After all, funds are investment tools, fund managers allocate assets according to the provisions of the contract, and investors are the ones who choose tools. Our initial intention is to make "sustainable money" in the investment market. We must be aware of it and not blindly covet the scale effect of rapid expansion.