Fund managers have poor management skills.

The rate of return is the income divided by the principal. At this time, the rate of return is a negative number, but the income is a positive number.

The profit rate of return in the first half of 2020 was positive, but the annualized rate of return was negative. The reason is that the fund manager's management capabilities are poor.

Earnings yield is actually quite similar to dividend rate. It just replaces the dividend on the dividend rate numerator with profit, which is the earnings yield. In fact, the meaning is similar. Earnings yield mainly compares the performance of earnings relative to its stock price.

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