This year, increased market rangebound, with his disciples "brothers" highlights of different life, even more than the maximum 20% performance gaps, this phenomenon become a focus of world attention. With his disciples fund performance gap pull large recommended reading
· ten years times of exploration practice (second) · in the silver Fund was Christian Democratic complaints spot curse reproduction fund high jiancang QFII overall minor jiancang substantially holdings medicine Fund positions differences increased ETF all fell rumors and up Wang yawei leads lucky film QDII net into rose channel Fund May "overall is lost" China stock market master competition real disk positions revealing this year yilai, a shares market although is interval shocks situation, but stock direction of active investment fund performance first and last gap is gradually pull large.
Worth noting is that similar funds owned by the same fund companies even more than the maximum 20% performance gaps. To market style conversions this year, China Research Center of the Galaxy Fund statistics, and Small-Cap Fund generally results in the style of the bottom.
Once upon a single four-month fund performance, a fund company, and Small-Cap Fund decreases in Shanghai reached 19.29%, and the company, another of the same type is made 3% of income of the Fund, two fund performance gap of more than 22%.
In addition, a midsize fund companies in Shenzhen two stock investment fund performance gap is also close to 20%, one of only a net yield of 9.65%, among the best growth performance, and other losses reached 10.16%. In addition to the above two fund companies, there are several companies of its kind under the Fund this year gap over 15%.
Worth noting is that with his disciples fund performance gap is significant more for large and medium-sized fund company, Fund, and the preference of most small companies "holding warmth", investment style and industry configuration differences are not large, so its similar funds often results more closer. Three major factors that boost performance in the difference in shock, with his disciples "brothers" fund performance significant difference phenomenon more prominent.
Buy fund analysts have made China believes that number of explosive growth in recent years is the direct cause of the Fund. Judging from a number of funds, only 255 funds in late 2006, and only this year has exceeded 800. "The explosive growth in the number of the Fund, especially large fund company only increase in the number of the same type, making performance differentiation clearly. "China believes that" the future is not only equity funds, with his disciples under all kinds of funds will also be significant differentiation. "Second, style subdivision as fund performance root causes of the significant difference.
With the increase in number of funds, Fund of differences between competition show it is the emergence of different genres, such as major investment of large blue chip Fund, major investment and Small-Cap Fund, consumer themes Fund, there is a class of investment industry has not clearly defined but in fact the investment fund of an industry is more concentrated. The phenomenon in the past two years is obvious.
For example, last year investment and Small-Cap Fund "dark horse" frequency, and market style been converted since this year, substantially outperform the investments of the Fund investment market blue chips and small-cap funds. China believes that, in the same company, the Fund Manager's style of operation will not lead to differentiation. Its South such as the South preferred Tan Jianqiang "running fast", more emphasis on market trends, and South Lung Yuan Fund Manager Wang Cheng was "live".
Chen Qin was in real value "value investors Shun trends", while Liu Tianjun harvest quality growth is "on the value of the selected unit." Worth noting is that Fund tools become the fund performance of the deep causes of differentiation. Public placement Fund is to be placed before the "full-time nursery" managing expectations, it is necessary to stock selection and timing.
With the growing maturity of investors, public placement Fund gradually transformed into an investment vehicle, especially index funds, funds of 2009 to develop styles more refined manifestation of this trend. The industry believes that the increase in investment selection is good for investors, but with his disciples after performance differentiation, select Fund has also increased the difficulty. "Investors have to from selected Fund type to select a specific fund, from the company to further observe the Fund Manager's investment style. ”
