The "Profit Insight Report for Investors in Public Equity Funds" shows that the vast majority of basic people's trading behavior has not brought better returns

Zhang Shulin Li Huimin China Securities News · China Securities Network

China Securities Network News (reporter Zhang Shulin Li Huimin) On October 20, the "Profit Insight Report for Investors in Public Equity Funds" (hereinafter referred to as the "Report")," jointly launched by three Golden Bull Fund Management Companies of Invesco Great Wall Fund, Wells Fargo Fund and Bocom Schroder Fund, and China Securities News was released in Beijing. The report shows that the vast majority of clients' behavior in investment funds does not create better returns, but instead pulls down the final level of returns. In the past 5 years, clients have pulled down the final investment return by 11.62% due to investment behavior, and in most years it has been negative, compared with the average annual net value growth rate of 19.57% created by fund managers for these funds in the past 5 years, and the loss rate of customer investment behavior is close to -60%. In addition, in 2019, 2020 and other years when the fund as a whole achieved high returns, the negative impact of the basic people's operation was more prominent, reaching -24.52% and -32.45% in the above two years, respectively. However, in 2018, when the market fell unilaterally, the investment behavior of the base people avoided the downside risk of the market to a certain extent, bringing a positive impact of 7.17%.