Just 10 days after taking office, the loss is as high as 20%! A 90-year-old beauty fund manager "a loss of fame" triggered heated debate.
However, there are still netizens support, that she just took over from the former fund manager, and there is no operation, the net value of the fund products fell sharply should not be her to take the blame.
In fact, the 90-year-old fund manager accidentally "out of the circle", not as much as her predecessors fell. The recent substantial record retracement of the fund products, resulting in a number of star fund products have fallen off the altar.
At the same time, a number of fund companies have also issued a letter to investors to appease investors' emotions, calling on investors "not to be overly pessimistic about market fluctuations".
90 after the fund manager "a loss of fame"
Recently, many embracing fund plummeted, Agricultural Bank of China Huali innovative medical mix (008293), Agricultural Bank of China Huali health care (000913) short-term decline of 20%, resulting in a 90 after the Fund The manager of the dream round "a loss of fame".
90 fund manager dream round, according to the official website
agribank huisi health care theme stock was established in February 10, 2015, as of the end of the fourth quarter of 2020, the product size of about 3.1 billion yuan. Another agribank huisi innovation health care mix is also largely the same, product management size of 1.6 billion yuan. Two fund products in the last 10 trading days product net value fell sharply.
February 24 this year, dream circle began to take over the management of the fund. As of March 9, dream circle management only 10 trading days, two funds have fallen more than 20%.
The trend of ABC Healthcare Fund
Soon, "90 beautiful fund manager on the job 10 days loss of 20%" in the network sparked heated debate, but also triggered a number of questions: as a 90 fund newcomers to take over the management of the old fund, and even a round of decent bulls and bears have not been experienced, on the management of billions of dollars of funds, is it appropriate? Billions of funds, is this appropriate? The first thing you need to do is to get your hands on a new car, and you'll be able to get your hands on it.
In this regard, the Red Star Capital Bureau on March 11 called the Agricultural Bank of China Huali Fund Management Company Limited, but did not get a response. On the contrary, the latest article of the Agricultural Bank of China Huili fund "fell to do not want to look at the account when What to do? has caused another market debate.
The article says: "A mother-in-law in Beijing, bought a fund of 47,000 yuan in 2003, a look in October 2020, the assets have risen to 1.37 million yuan!" The article advises investors to give up short-term market speculation, and investing is a long-term right thing to do.
The results of this article and triggered netizens trolling, such as "fooling leeks continue to receive flying knives" "they have lost into that kind of talk about what" "according to this, 47,000 yuan afraid of becoming 4700 dollars! "......
The agribank hui li fund manager dream round personal data show that her undergraduate graduated from Beijing University, master's degree for the University of Reading, the United Kingdom, there are 6 years of securities experience, successive BOC fund researcher, agribank hui li fund manager assistant, February 24, 2021 began to serve as a Fund Manager since February 24, 2021.
90 after the fund manager dream round personal data, Figure according to the official website
From the fund manager dream round investment philosophy, it continues to optimistic about medical innovation, and then adhere to buy industry leading stocks. Dream Round emphasized in a letter to investors on February 8: "To focus on a core, that is, to insist on investing in the field of medical innovation, and to insist on investing in those companies that will be the most competitive for a long time to come."
What stocks did she buy?
beauty fund manager dream round management of the two fund products, fell so much exactly what stocks bought, which led to such a serious collapse? This also caused the market concern.
Red Star Capital Bureau inquired about the two fund positions, the top ten positions are highly overlapping, mainly including: Beida Pharmaceuticals (300558.SZ), Myriad Healthcare (300760.SZ), Medicine Stone Science and Technology (300725.SZ), Aier Ophthalmology (300015.SZ), AnTu Bio (603658.SH), Kanglong Huacheng (300759. SZ), OPCV (300595.SZ), Tongze Medical (600763.SH), Nanwei Medical (688029.SH), WuXi AppTec (603259.SH), just a slightly different proportion of shares.
Ten major positions "embracing" high-priced pharmaceutical stocks
From the two health care fund positions, basically involved in the "embracing" high-quality pharmaceutical white horse stocks. A major feature of these stocks is that they are all high-priced pharmaceutical stocks, such as Myriad Medical 372 yuan, Tongze Medical 240 yuan, Nanwei Medical 179 yuan, WuXi KangDe 140 yuan. These high-priced pharmaceutical stocks, as it happens, are also the most powerful adjustment after the Spring Festival.
In fact, a large number of pharmaceutical health fund products are "holding", such as Guangfa Healthcare Stock Fund (004851), Boshi Healthcare Sector Mix (050026), Efonda Healthcare Sector Mix (110023), China Europe Healthcare Mix (003095), ICBC Healthcare stock fund (000831), etc., its position structure are very close, resulting in a short period of time these funds suffered "undifferentiated decline".
This shows that the net value of the two medical and health funds of the Agricultural Bank of China Huali has fallen, and it is not a person who has suffered from the dream circle. In addition, she just took office soon, the fund position by the previous fund manager legacy, netizens also according to the strong support: this pot should not be back by her!
Before Meng Yuan took over the management of the two funds, they were managed by well-known fund manager Zhao Wei.
Zhao Wei has served as an assistant researcher in the Pharmaceutical Chemistry Department of GlaxoSmithKline (Shanghai) Pharmaceutical Research and Development Co. Ltd, a pharmaceutical researcher in the Investment Self-employed Department of Guangfa Securities, a pharmaceutical team leader in the Research Department of China Merchants Fund, and an assistant to the Fund Manager of China Merchants Fund's International Business Department.
In June 2017, Zhao Wei was appointed as the manager of the Agricultural Bank of China HUI Lai Healthcare Fund, and the best fund return during the tenure of the fund was 190.69%.
Zhao Wei has engaged in the pharmaceutical industry himself, and has been a researcher in the pharmaceutical industry for a relatively long time, favoring fundamental trading, with a tolerance for the high and low valuation of individual stocks, and firmly believing that a good company has a good price, and that "not fearing the floating clouds to cover his eyes, but only because of the highest level," which is the distinctive investment style on him.
star fund manager fell more than her
90 fund manager dream round 10 days fell 20% accidentally "out of the circle", but the Red Star Capital Bureau found that she is not as much as her predecessors fell more. The recent substantial record retracement of the fund products, resulting in a number of star fund products have fallen off the altar.
"Public sector a brother" Zhang Kun management of Efonda Blue Chip Select Mix (005827), due to heavy positions in white wine, Internet stocks, the recent minimum net value relative to the previous high point retracement of 22.48%, which is also the largest retracement since the establishment of the Efonda Blue Chip Select.
Star fund manager Wang Zonghe management of Penghua Artisan Selection Mix (009570), also heavy positions in white wine, Internet stocks, relative to the previous high point of the fund A, C share retraction reached 22.72%, 22.77%, but also the largest retraction since the inception of the product.
And the 2019 public investment champion Liu Ge Siong management of the Guangfa dual-engine upgrading mix A (005911), although did not buy white wine stocks, but heavy positions in a number of photovoltaic, new energy stocks, the recent lowest net value relative to the previous high point of 23.95% retraction, but also hit the record of the largest retracement since the inception of the record. However, the fund's performance since its inception is still more than 170%, its return is still very impressive.
In addition, 80 billion fund manager Liu Yanchun managed Jingshun Great Wall Dingyi mixed (162605), breaking the public fund-raising record of the fund manager Feng Bo management of Efatar Research Selection (008286), star fund manager Xu Yan management of Fortune Growth Strategy (009892), and other products, have also created a historical record of retraction.
"Due to the sharp adjustment of the A-share market after the Chinese New Year, the net value of many funds has had a large retraction recently, including funds managed by star fund managers are not spared." A senior analyst at a brokerage firm told Red Star Capital Bureau that a newcomer to the fund like Meng Yuan, who has just taken over two funds, would find it difficult to complete the operation quickly even if she wanted to adjust her position.
"In all sincerity, the fund product net value of a large retraction should not be counted on her head, but more should be counted on the head of the former fund manager." The analyst said.
With both funds rebounding more substantially on March 10 and 11, Meng Yuan's net value decline since she took office has narrowed to about 15%, according to the March 11 net value calculation.
In the face of the fund net value of a substantial retraction, many investors panic, and even intend to prepare for redemption. A number of fund companies can not sit still, some fund managers directly into the "psychological masseur", to appease the investors collapse and fragile heart.
Tianhong Fund said in an article: "Be a friend of time, the future belongs to the rational optimists!
Ping An Fund issued a letter to investors: "more confidence, more patience, together with efforts to win the investment marathon."
Jingshun Great Wall Fund issued a letter saying, "The current market is not as bad as imagined, and there is no need to be overly pessimistic about market fluctuations."
Alipay Wealth Management Think Tank also called, "Believe in the power of professionalism!" I hope that investors will give the excellent fund managers longer time for professional operation, and use the time to exchange for investment appreciation.
In addition, China Merchants Fund, Haitong Fund, Cinda Australia Bank Fund, etc., have released a letter to investors, explaining the reasons for the recent sharp fluctuations in the market, to appease the investors' emotions, and to tell investors how to cope in the face of adjustments.
Editor-in-chief Ren Zhijiang Editor Chen Yingpeng
(Download Redstar News, reporting prizes!)