Text/Liu Zhentao
Champion fund managers are being spat upon, can you believe it?
In the first half of the public fund ranking, the unknown Golden Eagle Fund Manager Han Guangzhe won the championship title in one fell swoop. He managed the Golden Eagle National Emerging Mix with a gain of 53.15% in the first half of the year, leading the entire active equity fund sector.
However, feng shui takes turns. After more than 2 months, the emerging mix of the Golden Eagle Nation was surpassed. As of September 9, the new champion is already the Great Wall Fund's Great Wall Industry Rotation Hybrid A. The fund's performance rose by 98.33% during the year, far exceeding the Golden Eagle National Emerging Mix.
Interestingly, Liu Jiang, the fund manager who once managed the fund, encountered a different attitude from the basic people, and was praised while being spat on.
Why?
According to public information, Liu Jiang has a double bachelor's degree in economics and science and a master's degree in economics from Wuhan University. He joined Great Wall Fund Company in 2016 and has been a fund manager since April 2019, and is currently in office for 2 years and 145 days.
During Liu Jiang's tenure, he managed a total of three funds: Great Wall Industry Rotation Hybrid A, Great Wall Jiuyuan Flexible Allocation Hybrid, and Great Wall Jiuxiang Hybrid.
Among them, the Great Wall industry rotation hybrid A can be said to be Liu Jiang's representative work. On June 17, 2020, after Liu Jiang took over, during the management period, the fund increased by 134.79%.
Because of the sharp increase of this fund, Jimin once praised Liu Jiang as "Liu Zong", "Manager Liu is too handsome" and so on.
However, on August 27, the Great Wall Fund issued an announcement that due to the needs of the management work of the fund company, it dismissed the position of LiuJiang Great Wall Industry Rotation Hybrid A and Great Wall Jiuyuan Flexible Allocation Hybrid Fund Manager, and handed it over to others to manage, retaining only the position of Liujiang Great Wall Jiuxiang Hybrid Fund Manager.
And Liu Jiang was spat on precisely because the Great Wall Jiuxiang mixed this fund.
According to the daily fund network, the Great Wall Jiuxiang Mix, which Liu Jiang took over in April 2019, has increased by 49.13% during its management period and 40.57% in 2020.
And into 2021, this fund will "change the taste". Since the beginning of this year, the fund has fallen by 8.10%. Especially in the past Three months, the fund has fallen by 16.69%, ranking very low.
On the one hand, the managed fund ranked first, and the managed fund ranked low, with a difference of more than 100% in the increase between the two, resulting in the dissatisfaction of the basic people who hold the Great Wall Jiuxiang Mix.
In the fund community, there are basic people who complain, "I have seen the level of Liu Zong's hybrid trading in the Great Wall, not like this level, a bit bottomless, who is in the end, the disappointment is very high." ”
Our research found that the holdings of the three funds, which are managed by the same fund manager, have very different styles and are very different.
According to the data of the second quarterly report, the top ten heavy stocks of the Great Wall Industry Rotation Mix A are the new energy stocks related to the "Ning Combination" represented by Ningde Times and Longji Shares; while the top ten heavy stocks of the Great Wall Jiuxiang Mix are consumer stocks such as liquor, home appliances and pharmaceuticals.
Since the second quarter, consumer stocks such as liquor and home appliances have fallen sharply, and mango super media, stone technology, etc. have fallen by more than 30%, and the Great Wall Jiuxiang mix of heavy stocks has naturally fallen. The performance of the "Ning Combination" related stocks is eye-catching, and the increase has been large since the second quarter, and the heavy position of the Great Wall Industry Rotation Mix A will naturally perform well.
Seeing this, I can't help but ask, does Manager Liu really have the energy to study such a large range of industries?
It is worth noting that after Liu Jiang was dismissed from the Great Wall Industry Rotation Mix A, many people also expressed concern about the trend of this fund in the future.
In the fund community, a person said, "The fund manager determines the direction of the fund, and the past performance of the fund has nothing to do with the current fund manager." What was once a good fund is now worrying. ”
According to public information, the new fund manager is Yang Yu, who joined the Great Wall Fund in 2016 and has been working as a researcher. He only started as a fund manager on July 30, 2021, and his current term is only 42 days.
During Yang Yu's management period, the current highest return is 8.30%, and in the past week, the Great Wall Industry Rotation Hybrid A has fallen by 2.88%.
Due to the short management time of the new fund manager Yang Yu, whether he can become an excellent fund manager needs to be verified by time.
What do you think of the champion fund manager Liu Jiang being spat on? Welcome to leave a comment below!