What does it mean for the fund to buy itself?
Fund managers generally buy their own funds, that is, advance and retreat with investors, which is more sincere and trustworthy. Especially in the initial public offering, if the fund manager subscribes, he will publicize and explain how many assets he holds, which is also to publicize the fund and enhance investor confidence.
However, both fund companies and fund managers generally advertise or even announce when they buy, but they often don't make special announcements when they sell, and they often don't know that they have been sold until the annual report is disclosed.
The annual report usually shows the funds held by senior managers, investment researchers and fund managers. If you look at the quarterly data, you can see how fund managers use their inherent funds to invest in funds.
Self-purchasing funds is nothing new. Earlier, some media made statistics on the active stock fund managers whose management scale exceeded 100 billion. Among them, 95 fund managers of 168 bought their own funds, accounting for 56%. In other words, more than half of the tens of billions of fund managers have bought their own funds. As for the rest of the fund managers who have not purchased their own funds, it is mainly because of their limited economic ability, and the risk preferences of the funds they manage are different from their own.
In fact, the interests of the fund manager are linked to the products he manages, which helps him to devote all his energy to researching the market and managing products, but this does not mean that such funds are all good. Choosing funds according to this idea is just a reference way.
Generally speaking, although it is a good thing for the fund to buy by itself, and its own interests are tied together by real money and the interests of the people, whether there is a good income depends on the strength of the fund manager in the final analysis, and it is not possible to blindly copy the work of buying funds by itself.