Core Insights - A well-known public quantitative fund manager, Sheng Fengyan, has opened a personal investment account on the Ant Wealth platform, with a total investment exceeding 510,000 yuan and a cumulative profit of over 120,000 yuan [1][2][3] - The trend of fund managers sharing their real-time investment performance is increasing, with many managers showcasing their portfolios and strategies to enhance investor confidence and provide operational references [5][8] Summary by Category Fund Manager Performance - Sheng Fengyan's portfolio includes West China Li De Central Enterprise Preferred Stock A, West China Li De Multi-Strategy Preferred Flexible Allocation Mixed A, and West China Li De Quantitative Growth Mixed A, with total holdings exceeding 510,000 yuan and profits over 120,000 yuan [2][3] - Other notable fund managers, such as Yao Jiahong and Ma Fang from Guojin Fund, have also reported significant real-time investments, with total amounts of over 4.24 million yuan and 2.03 million yuan, respectively, and cumulative profits of over 1.23 million yuan and 660,000 yuan [5][7] Investment Strategies - Sheng Fengyan advocates for a long-term investment approach and profit-taking strategy, emphasizing asset rebalancing to manage risk and avoid over-concentration in any asset class [4] - The principle of rebalancing involves adjusting the proportions of different asset classes in a portfolio based on market fluctuations, which helps maintain a balanced risk profile [4] Market Trends - The recent market recovery has led to an increase in fund managers sharing their real-time performance, with a notable rise in the number of managers participating in this trend [8] - The shift towards transparency and interaction with investors is particularly evident among newer fund managers, who are focusing on building trust and providing insights into their investment processes [8]

Core Viewpoint - The article discusses the recent trend of well-known public quantitative fund managers, such as Sheng Fengyan, publicly sharing their real investment performance, which enhances investor confidence and provides operational references for rational investment decisions [2][4]. Group 1: Fund Manager Performance - Sheng Fengyan opened a personal investment account on Ant Wealth with a total amount exceeding 510,000 yuan and has achieved a cumulative profit of over 120,000 yuan [4]. - His holdings include West China Li De Central Enterprise Preferred Stock A, West China Li De Multi-Strategy Preferred Flexible Allocation Mixed A, and West China Li De Quantitative Growth Mixed A, with the latter showing a holding return rate exceeding 34% [4][6]. - Other notable fund managers, such as Yao Jiahong and Ma Fang from Guojin Fund, have also reported significant real investment amounts and profits, with total amounts of over 4.24 million yuan and 2.03 million yuan, respectively, and cumulative profits exceeding 1.23 million yuan and 660,000 yuan [9][12]. Group 2: Investment Strategies - Sheng Fengyan advocates for a rebalancing strategy, which involves adjusting asset allocations when market fluctuations cause deviations from target ratios, thereby controlling risk and maintaining a diversified portfolio [7]. - This strategy helps investors avoid over-concentration in any single asset class and encourages rational decision-making, reducing the influence of short-term market volatility [7]. Group 3: Industry Trends - The trend of fund managers publicly sharing their real investment performance is increasing, with many managers from various fund types, including QDII and fixed income, joining this practice [13]. - The rise in the number of fund managers showcasing their real investments reflects a growing emphasis on transparency and interaction with investors, particularly among younger and newer fund managers [13].

Core Viewpoint - The increasing popularity of A-shares has led many public fund managers to open real-time trading accounts on online platforms to showcase their performance [1][2]. Group 1: Fund Managers Opening Real Accounts - Numerous public fund managers, including those from Guojin Fund and Guotai Fund, have opened real accounts on platforms like Tiantian Fund and Ant Wealth [2][10]. - The total amount of these real accounts is generally high, with some exceeding 4 million yuan, such as Guojin Fund's Yao Jiahong, whose account reached 4.1394 million yuan [11]. Group 2: Performance and Investment Choices - Some fund managers have reported holding profits exceeding 1 million yuan, indicating positive returns [3][13]. - Fund managers predominantly invest in their own products or those from their fund companies, with no evidence of investing in products from other companies [8][9]. Group 3: Comparison with Retail Investors - Despite the reported profits, fund managers' returns often lag behind those of ordinary investors, with the top retail investors achieving monthly returns between 30.41% and 39.39% [16][17]. - Over the past year, no fund manager has made it to the top performance rankings, which raises questions about their short-term investment capabilities compared to retail investors [18][19]. Group 4: Implications and Industry Perspectives - The practice of fund managers opening real accounts may enhance trust and transparency with investors, especially for smaller firms or emerging managers [22][23]. - However, there are concerns that these accounts primarily serve as a marketing tool for their own products rather than providing genuine investment insights [12][21][26].

Core Viewpoint - The increasing popularity of A-shares has led many public fund managers to open real-time fund accounts on online platforms to showcase their performance, with some managers achieving significant returns [1][6]. Group 1: Fund Managers' Real Accounts - Numerous public fund managers, including those from Guojin Fund and Guotai Fund, have opened real accounts on platforms like Tiantian Fund and Ant Wealth, with total amounts often exceeding 1 million yuan [1][4]. - Fund managers typically invest in their own products or those from their fund companies, with no evidence of investing in products from other companies [4][5]. - The total amount in these real accounts ranges from over 300,000 yuan to more than 4 million yuan, with Guojin Fund's Yao Jiahong having a total amount of 4,139,400 yuan [4][6]. Group 2: Performance and Market Reaction - Despite some fund managers showing substantial returns, none have made it to the top 100 performance list for the past month, indicating that individual investors may be outperforming them [7]. - The short-term performance of fund managers often does not match that of ordinary investors, leading to dissatisfaction among some investors [6][7]. - The long-term performance of fund managers is also under scrutiny, as they have not appeared in the top rankings for one-year returns, suggesting that their investment strategies may not be as effective as those of individual investors [7][8]. Group 3: Implications of Real Accounts - The practice of fund managers opening real accounts is seen as a way to build trust and transparency with investors, particularly for smaller firms or emerging managers [5][8]. - However, there are concerns that focusing solely on self-managed products may limit the demonstration of true asset allocation logic and could serve more as a marketing tool than a genuine investment strategy [5][9]. - The core value of fund managers' holdings lies in understanding their investment framework and discipline, rather than simply replicating their strategies [9].

Core Viewpoint - The trend of "showing real accounts" among fund managers is becoming a new competition, reflecting increased industry transparency, upgraded investor professionalism, and a transformation in marketing models [1][6]. Group 1: Fund Manager Performance - Several fund managers have reported substantial real account gains, with notable examples including Yao Jiahong from Guojin Fund achieving a cumulative profit of 1.1336 million yuan on an investment of 4.139 million yuan, and Ma Fang from Guojin Fund with a profit of 627,765 yuan on an investment of 1.982 million yuan [3][4]. - Other fund managers like Zhang Lu and Ren Jie from Yongying Fund have also seen significant returns, with Ren Jie achieving a return rate close to 120% on an investment of 295,400 yuan [4][6]. Group 2: Industry Trends - The practice of "showing real accounts" is enhancing communication between fund managers and investors, allowing for more immediate and interactive exchanges regarding investment strategies and market conditions [6][7]. - Analysts believe that this trend helps break down information asymmetry, allowing investors to better understand fund managers' strategies and performance, thus fostering a more informed investment environment [6][7]. Group 3: Market Insights - Fund managers are addressing investor concerns about market conditions, particularly regarding the recent highs in indices, attributing these movements to ample liquidity and supportive government policies [6][7]. - The shift in market sentiment is seen as a response to the previous two years of pessimism, with expectations that the transition to new economic drivers will occur more rapidly than anticipated [7].

Core Insights - The trend of fund managers showcasing their real-time trading accounts on platforms like Ant Fund and Tian Tian Fund is gaining traction among investors, with over 20 fund managers publicly sharing their holdings and operations [2][3] - Fund manager Yao Jiahong from Guojin Fund leads with a real account amount of 4.064 million yuan, primarily investing in two quantitative funds with a total holding return of 1.058 million yuan [2][5] - Some fund managers are experiencing losses, such as Li Zhaoyu from Founder Fubon Fund, whose real account totals approximately 104,600 yuan with a cumulative loss of 1,062.77 yuan [2][8] Fund Manager Performance - As of August 5, five fund managers have real account sizes exceeding 1 million yuan, with Yao Jiahong at the forefront with 4.064 million yuan [3][5] - Yao Jiahong's holdings include approximately 2.72 million yuan in Guojin Quantitative Multi-Factor A with a return rate of 35.39% and about 1.35 million yuan in Guojin Quantitative Multi-Strategy A with a return rate of 34.84% [5] - Another fund manager, Ma Fang from Guojin Fund, has a total real account amount of 1.947 million yuan with a cumulative return of 592,000 yuan [5] Market Trends and Strategies - The A-share market has shown fluctuations, with the Shanghai Composite Index rebounding above 3,600 points, marking a new high for the year [9] - Fund managers like Cheng Xi from E Fund view recent market corrections as normal, suggesting investors should focus on long-term holdings rather than short-term volatility [10] - Investment opportunities in sectors such as technology growth, Chinese manufacturing, and new consumption are highlighted as areas of potential growth [11]

Core Viewpoint - The recent trend of public fund managers sharing their real-time trading records on platforms like TianTian Fund is aimed at enhancing investor trust and promoting a long-term investment mindset [1][3][6]. Group 1: Fund Managers' Actions - Multiple fund managers, including Liu Junwen from Xinyuan Fund and Chen Bo from Shangyin Fund, have publicly shared their real-time trading activities, with investments ranging from tens of thousands to millions [1][2]. - Liu Junwen's fund combination, "Defensive Counterattack Win," achieved a market value of 1.1269 million yuan by July 4, after an additional investment of 300,000 yuan [2]. - Chen Bo's fund combination, "Left Hand Dividend Right Hand Technology," reported a return of 7.04% since its establishment, with total assets of 158,200 yuan [2]. Group 2: Transparency and Investor Engagement - The practice of fund managers sharing their real-time trading records is seen as a way to enhance transparency and reduce information asymmetry between fund managers and investors [3][6]. - This trend is linked to the new real-time trading feature introduced by TianTian Fund, which has attracted many fund managers to participate [3]. - The transparent operations of fund managers are believed to help investors develop a rational long-term investment perspective, especially during market fluctuations [1][6]. Group 3: Performance and Scale - The total amount of real-time trading shared by fund managers has exceeded 3.8 million yuan, with notable figures such as Yao Jiahong from Guojin Fund leading with a scale of 3.8 million yuan [4]. - Guotai Fund's Liang Xing reported a total amount of 1.2176 million yuan with a cumulative profit exceeding 200,000 yuan [4]. - Debang Fund's Lei Tao focused on semiconductor-themed funds, achieving a total amount of 1.5126 million yuan with nearly 300,000 yuan in cumulative profit [4].

Core Viewpoint - The recent trend of fund managers publicly sharing their real-time investment operations on platforms like TianTian Fund is aimed at enhancing investor trust and promoting a long-term investment mindset [1][4][8]. Group 1: Fund Managers' Actions - Multiple fund managers, including Liu Junwen from Xinyuan Fund and Chen Bo from Shangyin Fund, have begun to disclose their personal investment operations, with their own capital investments ranging from tens of thousands to millions [1][3]. - Liu Junwen's fund combination, "Defensive Counterattack Win," achieved a market value of 1.1269 million yuan after an initial investment of 300,000 yuan [3]. - Chen Bo's fund combination, "Left Hand Dividend Right Hand Technology," reported a return of 7.04% since its establishment, with total assets of 158,200 yuan [3]. Group 2: Performance Metrics - The highest reported real-time investment amount among fund managers is 3.8 million yuan, held by Yao Jiahong from Guojin Fund, focusing on quantitative products [6]. - Guotai Fund's Liang Xing reported a total investment of 1.2176 million yuan with a cumulative profit exceeding 200,000 yuan [6]. - Debang Fund's Lei Tao has a total investment of 1.5126 million yuan, with nearly 300,000 yuan in cumulative profit [6]. Group 3: Industry Insights - The trend of fund managers sharing their real-time operations is seen as a way to eliminate information barriers and enhance investor confidence, reflecting a long-term investment philosophy [4][8]. - The introduction of real-time sharing features by platforms like TianTian Fund has attracted many fund managers to participate, enhancing interaction with investors [4]. - Some fund companies emphasize that through "regular investment + real-time sharing," they aim to deepen the bond with investors and express confidence in the market [8].

Core Viewpoint - Recent actions by multiple public fund managers to disclose their real-time trading activities on the Tian Tian Fund platform have garnered market attention, indicating a trend towards transparency and long-term investment strategies in the industry [1][2]. Group 1: Fund Managers' Actions - Fund managers such as Liu Junwen from Xinyuan Fund and Chen Bo from Shangyin Fund have publicly shared their investment strategies and real-time performance, with Liu's portfolio reaching a value of 112.69 million yuan after an initial investment of 30,000 yuan [3]. - Chen Bo's portfolio, established in May, achieved a return of 7.04% with total assets of 15.82 million yuan as of July 4 [3]. - Ren Jie from Yongying Fund reported a remarkable return of 55.08% on his portfolio, which had total assets of 20.36 million yuan [4]. Group 2: Industry Trends - The trend of fund managers sharing their real-time trading activities is seen as a way to enhance investor trust and promote a long-term investment mindset, especially during market fluctuations [9]. - The introduction of real-time sharing features by platforms like Tian Tian Fund has encouraged more fund managers to participate, reflecting a shift towards greater transparency in the industry [4][9]. - Previous instances of fund managers showcasing their holdings on platforms like Ant Financial have also highlighted significant investments, with some managers holding over 1 million yuan in assets [5][6][7]. Group 3: Investor Engagement - The practice of fund managers sharing their real-time trading activities is viewed as a method to bind their interests with those of investors, fostering a sense of shared responsibility [3][4]. - Industry experts believe that this transparency can help eliminate information barriers and enhance investor confidence, promoting a culture of rational and long-term investing [9]. - However, there are concerns about the potential risks associated with this trend, including the possibility of it being misused as a marketing tool rather than a genuine effort to improve investor experience [8][9].