How should I choose?
This topic is a problem, but it is not a problem.
This is a problem, because most excellent fund managers are entrusted with heavy responsibilities, and procrastination is very common. Because the performance of multiple funds under the same fund manager will not be very different, it is not a problem.
The principle of fairness is the most basic principle of asset management. The so-called principle of fairness means that asset managers should treat all funds equally, and should not favor one over the other because of the source and amount of funds.
Therefore, the performance of multiple funds managed by the same fund manager generally does not differ much. Fund companies generally have special systems to restrain and control this situation.
However, due to various reasons, the actual performance of several funds under the same fund manager is still different. Let's talk about it today How to choose this situation.
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Different fund types will perform differently.
Different types of funds lead to great differences in fund performance. Need to conduct in-depth analysis and research, and choose the one that suits you best. For example, Fu Youxing of Guangfa Fund is recognized as an excellent fund manager. The performance of its four funds (including funds jointly managed with others) is quite different due to different fund types.
The difference between the four funds is that Guangfa Youqi is a common mixed fund with partial stocks, and the stocks generally maintain a high position of more than 80%. Guangfa Steady is a hybrid fund with a balanced stock and debt, and its stock position is generally around 50%. Guangfa Ruiyang is a regular open fund with a stable fund scale. The newly issued Guangfa Ruixiang is a hybrid fund with partial debt, and its stock position is generally not higher than 30%. The performance of the above four funds in the past three months is different from that in the past year.
Take four funds as an example. Different restrictions on stock positions will lead to different performances in different markets. Investors need to choose products that suit them according to their risk tolerance.
Different funds will perform differently.
The management difficulty of large funds is obviously higher than that of small funds. This is an objective existence. Although fund managers will try to avoid this problem, it is impossible to completely avoid this difference.
If multiple funds managed by the same fund manager belong to the same category and have roughly the same investment direction, then I will generally choose smaller funds. There is a simple reason. Due to the "Double Ten" restriction in Public Offering of Fund, the scale of 100 billion may require 8-100 stocks, and the scale of100 billion only needs 30-50 stocks. After all, high-quality stocks are still scarce, and it is obviously not as difficult to manage the latter as the former.
Different investment directions will lead to different performance.
Even for the same fund manager, if the investment direction stipulated in the fund contract and other contract documents is different, the performance of the fund will be different.
In actual combat, I am more concerned about whether the investment scope includes Hong Kong stocks. If the investment scope includes Hong Kong stocks, I will give priority. The reason is also very simple: the investment scope is wider, and A shares and Hong Kong stocks can be integrated in the whole market. There are some high-quality standard A shares that are not available (such as Tencent).
Some friends also put forward some other reference elements, such as choosing large-scale funds with a high proportion of institutions. The reason is that fund managers may work harder for such funds. This is obviously my own imagination. As I said before, the principle of fairness, in this case, the fund manager can't hide, he won't be so stupid.
The content of this article is reproduced from the two birds saying, "How to choose multiple funds under the same fund manager?" 》
Compared with stock investment, the fund has the characteristics of low threshold, saving trouble, labor and worry, and is suitable for working-class investment. Of course, it is difficult to choose a fund. When you are hesitant among several funds of a fund manager, you may wish to assist in decision-making from three aspects: fund category, management scale and investment direction.
Of course, Xiaojun also wants to remind you that before investing in the fund, please know the relevant knowledge of the fund, read the fund contract and prospectus carefully, and choose the appropriate fund products according to your risk tolerance. Click the picture below to go to Hong Jun to learn more about the fund.
Disclaimer: Changing the content of the article does not represent Guotai Junan's point of view. The content of this article is for reference only and does not constitute an opinion on the sale of securities. The past performance of the Fund cannot predict its future performance, and the performance of other funds managed by the Fund Manager does not constitute a guarantee for the performance of the Fund. Investors should not take this article as the only reference factor for investment decision. The market is risky, so you should be cautious in investing.