The Paper's reporter Ge Jia
In 2021, the trend of the capital market was full of twists and turns, and after the "Ning Portfolio" took over the "Mao Index", the ranking of high-performing funds also changed many times, and finally, Cui Shenglong, manager of Qianhai Open Source Public Utilities, won the annual active equity fund performance championship with 119.42% of the annual performance.
Not only that, the 2021 active equity fund performance runner-up product is also managed by Cui Chenlong, which is Qianhai Open Source New Economy A, with an annual return of 109.36%. Repeat the situation that has appeared in 2019 and 2020 that a single person has won the "championship and runner-up".
It is worth mentioning that Cui Chenlong became the champion of the "double material" of stocks and hybrid funds this time, and it was Liu Gesong, deputy general manager of GF Fund, who achieved this achievement before.
Nearly 30% of equity funds had negative annual returns
Overall, Wind statistics show that as of January 1, 2022, excluding funds established for less than a year, 4128 active equity funds (including common stocks, partial stock hybrids, flexible allocation, A/C shares are calculated separately) have an average yield of 9.29%, which has obtained considerable positive returns for the third consecutive year.
Among them, 2941 funds achieved positive returns in 2021, accounting for 71.25%; 1181 had negative annual returns, accounting for 28.61%; 6 had zero returns, and they were busy all year round.
In contrast, in terms of the main A-share indexes, as of December 31, 2021, the Shanghai Composite Index once again harvested three consecutive years after a gap of 28 years, up 4.8% for the whole year, and the Shenzhen Composite Index and the ChiNext Index rose by 2.67% and 12.02% respectively for three consecutive years. However, the CSI 300 fell 5.2% for the whole year, and the Shanghai 50 fell sharply by 10.06%, highlighting the great differentiation of the index's performance.
Equity funds have three doubling bases
Judging from the top 50 funds in 2021, the performance of the leading can be roughly divided into two categories, one is the centralized layout of strong tracks such as new energy and photovoltaics, and the other is the balanced layout of strong sectors.
In 2021, 92 active equity funds exceeded 50%, of which 11 funds exceeded 80%.
Since November 2021, cui Chenlong, the annual performance champion, has gradually taken the lead, and finally locked the annual performance of Qianhai Open Source Utilities at 119.42%.
According to the third quarterly report of Qianhai Open Source Utilities, as of the end of September 2021, the top ten heavy stocks of the fund include Ewell Lithium Energy (300014. SZ), BYD (01211. HK), Huaneng International Power Co., Ltd. (00902. HK), Farah Electronics (600563. SH), China Electric Power (02380. HK), CATL (300750. SZ), Huaneng International (600011. SH) and other new energy industry chain related stocks.
Qianhai Open Source New Economy A, which is also managed by Cui Chenlong, also doubled its performance, reaching 109.36% in 2021. Cui Chenlong also achieved the 2021 stock and hybrid double material performance champion.
The third place fund is Baoying Advantage Industry A, which is jointly managed by Xiao Xiao and Chen Jinwei, with a return of 100.52% in 2021.
In addition to the three doubling funds, the annual performance of Dacheng state-owned enterprise reform, GF multi-factor, Dacheng new cutting-edge industry, Dacheng Ruijing A, Huaxia industry boom, BOCOM trend priority A, and Great Wall industry rotation A also exceeded 80%.
In addition, 8 funds have yields in the 70%-80% range and 25 funds have increased by between 60% and 70%.
Active equity fund with more than 60% returns in 2021, source: Wind
The "new generation" of high-performing fund managers has become the main force
Similar to 2020, many fund managers who are at the forefront in 2021 belong to the "new generation".
Among them, none of the top ten products with fund returns has a fund manager of more than ten years.
Only Tang Xiaobin, a multi-factor fund manager with an investment manager of more than 5 years, has been an investment manager for 7 years.
The investment managers of Cui Chenlong, Chen Jinwei, Yang Dong, Zhong Shuai, Yang Jinjin and Yang Yu have less than 2 years of experience.
2021 Active Equity Fund Performance Top 10 Fund Manager Years, Source: Wind
Worst Fund Loss 45%
However, the gap between the fund's performance in 2021 is still huge. As of December 31, 2021, the active equity fund with the largest loss for the year was ABC Huili Consumer Theme H, which lost 45.6%.
In addition, Founder Fubon Innovation Power C and A shares in 2021 will both lose more than 32% for the whole year.
Another 39 funds lost more than 20% for the full year of 2021. Among them, there are many star fund managers, such as Invesco Great Wall Jiying Growth managed by Liu Yanchun with a two-year annual performance of -21.36%, Qianhai Kaiyuan Pharmaceutical and Health C jointly managed by Qu Yang and Fan Jie with a full-year performance of -21.37%, and Huaxia Xiangyang, jointly managed by Yang Kun and Ji Nova, with a two-year fixed annual performance of -21.07%.
In addition, the products managed by Zhang Kun, another "100 billion top-stream" fund manager, have not achieved positive returns in 2021. The annual performance of E Fangda Blue Chip Select and E Fangda High-quality Enterprises held for three years was -9.9% and -8.22%, respectively.
Funds with full-year 2021 returns of more than -20%, source: Wind
Responsible editor: Yes Dong Dong Photo editor: Shen Ke
Proofreader: Zhang Liangliang