Liu: He is currently the general manager of the Growth and Investment Department of Guangfa Fund.

Cumulative service time: 7 years and 26 days.

Commencement date: 20 13-08-23

Total assets of current fund: 74.457 billion yuan.

Best fund return during tenure: 264. 17%

Representative funds: Guangfa twin-engine upgrade, Guangfa small-cap

In China, on average, one third of fund managers are eliminated every year, which shows that investors and institutions in China have strong requirements for investment returns and little tolerance for short-term fluctuations. Therefore, there are some quick success factors in the assessment of fund managers, which also reveals that the selection of some fund managers is not based on actual investment ability.

Choice of fund managers:

The first thing to consider is the fund manager's sustainable performance ability. Studies have shown that in the ranking of fund managers in the United States, none of the top ten fund managers in terms of yield is still in the top ten five years later. Looking at the ranking of fund managers in China in the past few years, it seems that only Wang Yawei can always rank in the top ten.

Secondly, we should consider the risk-adjusted income of fund managers. Income and risk are always in direct proportion. Therefore, when analyzing the fund manager, we should consider the risks that the fund bears in order to obtain income. The best comparison method is to consider the information ratio of funds. The higher the ratio, the higher the risk-adjusted income of the fund manager, and the more trustworthy it is.

Third, we should consider the investment philosophy of fund managers and the consistency of investment and research teams. Only an investment manager who has a stable investment team and a consistent investment philosophy and has achieved sustained and excellent performance is worthy of entrustment.

Finally, the fees charged by the fund are also very important. The more efficient the market is, the more difficult it is to obtain excess returns, and the various expenses of the fund have a direct effect on reducing the rate of return of the fund, which can never be ignored.

In short, "men are afraid of going into the wrong business, and women are afraid of marrying the wrong person." Choosing a fund manager is also directly related to the financial interests of investors. You must know the hero with your eyes, and you can't be deceived by an accidental outstanding performance.