Fund Managers' Ability List Of "10-Year Long-Distance Running" Became "Scale Responsibility" In Mesozoic Era

Recently, a video of an aunt in Shanghai asking for a son-in-law became popular: "recruit a son-in-law: don't look at the house, don't look at the car, just look at the financial level."

One of the most critical requirements to be a son-in-law in Shanghai is "financial portfolio should be more than 10% annually".

Even his son-in-law is a fund manager.

This year, fund explosion continues, the influx of funds, especially those outstanding fund managers. People in the fund circle are often asked: which fund manager's fund to buy?

The 21st century capital research institute takes the 10-year cycle as the statistical period. There are only 33 public fund managers who have 10-year asset management years and whose annualized return exceeds 10%.

The 33 selected samples were from 2259 fund managers in the all public fund industry.

A brilliant veteran who has experienced many battles

I don't know. I'm scared. I'm surprised.

The 21st century economic reporter screened out some data and found that there were not many people who could make medium and long-term investment and meet the requirements of Shanghai's son-in-law, and a large number of fund managers were out.

Among the 33 fund managers selected by the 21st Century Capital Research Institute, if they want to go further, there are only four public fund managers who are close to the God of stock, Mr. Buffett's annualized return rate of 20% (Note: the annualized return rate of Buffett's 63 year old investment career is 20%).

They are: Zhu Shaoxing of Wells Fargo Fund (23.72%) and Fu Pengbo (23.57%) of Ruiyuan Fund (17.6 billion yuan under management), Cao Mingchang (21.23%) of China EU Fund (12.2 billion yuan under management), and Zhou Weiwen (20.15%) of China EU Fund (23.8 billion yuan under management).

It is worth mentioning that even these top gold medal fund managers also encounter major setbacks in their investment.

Take the most famous Fu Pengbo's Ruiyuan growth value a as an example. It was established on March 26, 2019. It was the first public offering fund of Ruiyuan fund established by Chen Guangming and Fu Pengbo. At that time, it sold more than 71 billion yuan, and the maximum fund-raising limit was 6 billion yuan, which once set a record low placement ratio.

The current size of the fund is 15.6 billion yuan, nearly two times higher than the original 5.875 billion yuan. Small cap growth style of hybrid funds. Ruiyuan's growth value has been established for one year and four months. At that time, it issued 3000 points in a shares, which is now 3300 points. However, the return rate of Ruiyuan growth value a has reached 91% and the annualized return is 57%.

However, the worst monthly return is - 11.79%, the maximum pullback is 20.84%, and the annualized volatility is 27.53%. The turnover rate was 217.94%.

In short, investors need to hold on to this fund, and there are times when the heart rate accelerates, or rises or falls sharply.

The 33 outstanding veterans not only achieved good results, but also managed a lot of funds.

Among them, 13 of them are currently under management with a scale of over 10 billion. Specifically, one person is over 40 billion, two people are more than 30 billion, two people are more than 20 billion, and eight people are more than 10 billion.

Dong Chengfei, one of the largest managers of Xingquan fund, is in charge of two funds with a scale of 47 billion yuan. Liu Yanchun of Jingshun Great Wall Fund is in charge of six funds, with a scale of 34.6 billion yuan; Gu Yaoqiang of huitianfu fund is in charge of four funds, with a scale of 31 billion yuan.

The rise of fund managers in Mesozoic Era

The Mesozoic era is characterized by being younger and more energetic than the brilliant veterans and more stable style than the new ones. It is the backbone of the fund industry.

According to the statistics of the 21st Century Institute of capital research, among a group of Mesozoic fund managers with asset management period of 5-10 years, there are 235 public fund managers with annual return of more than 10%.

For a group of younger Mesozoic fund managers with 3-5 years of management, 238 public fund managers have annual returns of more than 10%.

Taking 235 mutual fund managers with 5-10 years of asset management as an example, there are 5 public fund managers whose annualized return is more than 30%, and their asset management years are between 5 and 6 years. This includes Zhao Feng 41.59% of Ruiyuan fund, 36.91% of Qiu Dongrong of Zhonggeng fund, 34.99% of Rao Xiaopeng of Hua'an fund, 33.41% of Zhang Zhongwei of Baoying fund and 32.69% of Ge Lan of China Europe Fund.

This year, a large number of hot money funds are mainly from these fund managers.

Zhao Feng's asset management period is 5.74 years, but he is not a typical Mesozoic, because he has a long time to do private placement. The Ruiyuan balanced value three-year holding hybrid fund under its management was issued on February 19, this year, and it sold 120 billion yuan a day, breaking the public offering record, with a placement ratio of 4.902651%.

Rao Xiaopeng's asset management period is 6.27 years, with an annualized return of 34.99%. On July 13, Hua'an Juyou, which is under its management, was sold out in one day with a share of 29 billion.

The asset management period of Ge Lan is 5.14 years, and the annualized return is 32.69%. China Europe alpha, which is under its management, was launched on August 17 and sold 55 billion yuan a day. The fund-raising target is 8 billion yuan, and the final confirmed proportion is 14.534%.

Liu Gesong's asset management period is 6.37 years, with an average annual return of 19.98%. On January 17, the Guangfa technology pioneer under its management was put on sale, selling 92.1 billion yuan a day.

These Mesozoic fund managers are the backbone of the management scale of fund companies.

Liu Gesong of Guangfa fund has the largest scale under management, with 82.1 billion yuan; Xu Meng of Huaxia Fund, Zhang Qinghua of e fund, 54.2 billion yuan of e fund, Luo Wenjie of southern fund, Zhang Kun of e fund of 52.2 billion yuan, and AI Xiaojun of Cathay Pacific Fund of 50.3 billion yuan.

It is worth mentioning that there are 235 public fund managers with more than 5 years of asset management experience and annual return of more than 10%, and 55 of them have a scale of more than 10 billion yuan.

In the younger Mesozoic era, the management period was 3-5 years. There were 238 public fund managers whose annual return was more than 10%, among which 157 were between 10% and 20%, 64 were between 20% and 30%, and 17 were more than 30%.

Choosing a good fund manager is not easy

Shanghai auntie specially mentioned that she has more than 3 years of experience in financial investment; her financial portfolio is more than 10% annualized.

For investors, looking for fund managers should also learn from shanghai auntie. Fund managers should have at least 3 years of public performance, and those with more than 5 years or 10 years of past performance will be better.

Yang Delong, chief economist of Qianhai open source fund, said, "we should not only look at the performance of the fund in one year, but must look at the past two or three years or even longer, so as to eliminate the funds that have achieved good performance in one year because of the right gambling."

It is worth noting that the fund managers of some funds which have recently become popular have many years' performance records, and their performance is very stable. Whether it is a bull market or a bear market, whether it is a Baima stock market or a small cap stock market, they have obtained relatively good performance returns. Only then can they trust this fund.

In addition, Yang Delong stressed, "to buy a fund, you must go with the fund manager. The fund manager can help you to do the band, and can help you reduce your position at a high point. The fund manager's fund with large asset allocation ability can better avoid the withdrawal of the market. If a fund's net value growth is relatively stable and its performance is steadily rising, you can sleep when you buy such a fund, and you won't lose money no matter when you buy it. "

Because the short-term performance reflects the trading style of fund managers, the investment performance of 5 years and 10 years can better reflect the investment research ability and investment style of fund managers.

Zhang Ting, a senior Macro Analyst at GESHANG wealth, suggests that we should find out one of the key factors to select an excellent fund manager with a high probability, and observe whether the long-term performance of the fund manager is excellent and whether the annual performance is good. If the fund manager can be ranked in the forefront of the same category in most years, it will reflect the long-term profitability of the fund manager to a certain extent. Of course, the short-term performance can also be used Considering, we need to combine the judgment of the market and choose the fund manager who is more suitable for the current market style.

Zhang Ting believes that there are four main selection criteria for fund managers: position style; heavy position industry, heavy position stocks and shareholding concentration; turnover rate; investment duration and long-term performance.