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长跑业绩彰显投研实力,富国基金权益、固收、量化全线领跑
Sou Hu Cai Jing· 2025-07-11 09:24
Core Viewpoint - The article emphasizes the continuous improvement and advancement of the investment research system at Fuqun Fund, highlighting its strong performance in equity investment and the growing demand for stable mid-to-long-term investment products in the Chinese market [1][4][6]. Group 1: Market Context - As Chinese residents' wealth continues to grow, the demand for asset allocation is increasing, making public funds an important part of investment choices [3]. - Investors are increasingly focused on long-term performance rather than just short-term results, leading to a more rigorous evaluation of fund performance [3]. Group 2: Fuqun Fund's Performance - Fuqun Fund's active equity funds have demonstrated excellent investment capabilities, with a 20-year return of 953.86%, ranking 4th in the industry [6]. - As of June 30, 2025, 11 of Fuqun Fund's equity funds ranked in the top 10 of their categories for the past year, with several funds achieving returns exceeding 40% [8]. Group 3: Specific Fund Highlights - Fuqun Medical Innovation Stock A achieved a return of 58.87% over the past year, ranking 2nd among 45 funds in the medical and healthcare sector [8]. - Fuqun Consumption Select 30 Stock A has performed well in the new consumption investment trend, ranking 2nd among 38 funds in the consumption sector over the past year [8]. Group 4: Fixed Income and Hybrid Products - Fuqun Fund's fixed income products have shown strong performance, with Fuqun Strong Return Bond A achieving returns of 13.03%, 23.28%, and 45.09% over the past three, five, and seven years, respectively, ranking in the top 9 of its category [10]. - The "fixed income + equity" products, such as Fuqun Enhanced Bond and Fuqun Jiuli Stable Allocation Mixed A, have also performed well, with returns of 28.74% and 41.24% over the past year, ranking first in their categories [11]. Group 5: Quantitative Investment - Fuqun Fund's quantitative products have consistently ranked well, with 10 quantitative funds placing in the top 10 of their categories over the past year [12]. - The classic ETF, Fuqun Shanghai Composite Index ETF, has also performed well, ranking among the top five in its category over the past three, five, and seven years [12].
长城基金权益投资折戟:副总经理与研究部总经理的业绩旋涡
Sou Hu Cai Jing· 2025-05-21 10:08
Core Viewpoint - Great Wall Fund, a veteran fund company in China, faces significant challenges in its equity investment performance despite a public fund management scale exceeding 300 billion yuan as of Q1 2025, with equity products accounting for less than 8% of its total [1] Group 1: Company Performance - As of Q1 2025, Great Wall Fund's public fund management scale surpassed 300 billion yuan, but the combined scale of its stock and mixed funds was only 25.48 billion yuan [1] - The performance of funds managed by key executives Yang Jianhua and Liao Hanbo has drawn market scrutiny, with several funds significantly underperforming the industry average [1] - Yang Jianhua, a seasoned fund manager, has seen six out of eight products under his management yield negative returns, with a total loss of 96.67 million yuan in 2024 [2] Group 2: Investment Strategy and Challenges - Yang Jianhua's long-term focus on the liquor sector has led to poor performance, with core holdings like Kweichow Moutai and Wuliangye experiencing substantial declines, contributing to a cumulative loss of 2.7 billion yuan for the Great Wall Consumption 30 Stock A fund since its inception [3][4] - Market analysis indicates that Yang's over-reliance on traditional consumption stocks and failure to adjust during market shifts have been primary factors in the decline of fund performance [6] - Liao Hanbo's management style is characterized by high-frequency trading and misjudgment of sectors, leading to significant performance disparities among his funds [7] Group 3: Management Scale and Market Position - Liao Hanbo's management scale has drastically decreased from nearly 5 billion yuan in 2022 to 1.627 billion yuan in 2024, a decline of 67% [10] - The performance issues faced by Great Wall Fund's core executives reflect a disconnect between their equity investment capabilities and market dynamics, highlighting the urgent need for a transformation in their traditional investment research model [10]
金融圈重磅!千亿资管换帅
21世纪经济报道· 2025-03-26 15:06
Core Viewpoint - The article discusses the significant personnel change in the asset management sector, highlighting the upcoming transition of Cheng Fei from Guosen Securities to Dongzheng Asset Management, and the implications for both companies in terms of performance and strategy [2][3]. Group 1: Personnel Change - Cheng Fei, Vice President of Guosen Securities and Chairman of Guosen Asset Management, is set to join Dongzheng Asset Management, a well-established brokerage asset management firm [3][11]. - Cheng Fei has nearly 20 years of experience in asset management and has been a key driver of Guosen Asset Management's growth over the past four years [5][6]. Group 2: Performance of Guosen Asset Management - Under Cheng's leadership, Guosen Asset Management's net income from asset management fees increased from 203 million yuan in 2021 to 496 million yuan in 2023, with a year-on-year increase of 81.62% in the first three quarters of 2024 [5][6]. - The growth was attributed to innovative strategies, refined market management, and the use of capital market tools to provide financing services to real enterprises [6]. Group 3: Challenges Faced by Dongzheng Asset Management - Dongzheng Asset Management has faced significant challenges, with its non-monetary management scale declining by 261 million yuan in 2024, causing it to fall out of the top thirty in the industry [3][15]. - The firm has lost investor trust due to continuous losses, with several of its products reporting over 30% losses since inception [13][14]. - The market is closely watching how Dongzheng Asset Management will restructure its research and investment system to seek breakthroughs and establish a distinctive development goal [15].