10 Billion Fund Share 165: Yongying Long-term Value A (012406) was established 5 months ago, with a loss of 15%! Fund managers are not easy!
Detective Brother first said the conclusion; in fact, in the past six months, especially in these months, the market situation is relatively bad, so the performance of many fund managers has also been taken by surprise. So there are a lot of funds, in a state of crazy decline in a few months!
First of all, let's look at the basic situation, this fund was established on September 13, 2021, at the end of the fourth quarter of 2021, the scale was 6.619 billion yuan, the share was 7.165 billion shares, in fact, from last year's situation, the size of this fund is not small. The fund manager is often far from the trump card of the Yongying Fund, but it is also a feeling of inescapable.
Let's take a look at the phased performance. Since its inception, it has fallen by 15.52%, this year it has fallen by 8.55%, and the average decline of similar categories has been 9.21%, ranking 1042/2614, which is barely good. In the past 3 months, it has fallen by 10.81%, and the average decline of the same kind has been 8.93%, ranking 1495/2502, and the ranking is obviously very average. In the past 1 month, it has fallen by 3.76%, and the average decline of the same kind is 4.64%, ranking 912/2620, which is a good ranking.
Because it was only established in September last year, there is no change in the share, that is, in the fourth quarter of your year, 143 million shares were redeemed, and 72.8695 million shares were subscribed during the period, so the redemption was more than the subscription. So the share at the end of the fourth quarter was 7.165 billion.
Looking at the holdings of this fund, from the fourth quarter of last year, the holdings of this fund accounted for about 80%, about 20% of cash, and the position was still relatively high. However, the proportion of the top ten positions is relatively small, the largest position Tencent Holdings only accounts for 4.49%, and the second largest position, Hualu Hengsheng, accounts for 3.88%, which means that the fund positions are very dispersed, and from the perspective of the industry, it is also a different distribution of industries. It can be seen that the fund manager should be very careful, it is estimated that the market is not very good, so it is necessary to be stable. But in fact, it backfired, even if it was so scattered, but it still could not be carried, the performance was still relatively miserable, the mud and sand were under the nest.
Let's take a look at the performance of Changyuan's other funds under management, after all, the time of this product is relatively short, and it is impossible to judge Changyuan's ability. But I think Chang Yuan's luck may not be very good. The performance of Yongying consumer entities that he began to manage at the end of 2019 has doubled so far, and it is estimated that it is because the consumer industry is good in 2020. But he managed several new products in 2021, and 5 of them (in separate categories) are currently at a loss. Then the two newly managed products in March and May 2021 have been so long now, in fact, the performance is also very average, it has risen a little.
So did any of the people buy this product? Are you still satisfied with this performance? What is your evaluation of the fund manager Chang Yuan?
Finally, I still have to say a word: (The market is risky, investment needs to be cautious!) This article is not intended as an investment reference guide, readers need to be responsible for their own investment! ）
#Fund# @ Toutiao Fund @ Yongying Fund @ Yongying Fund Changyuan
