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 trend of fund managers publicly sharing their real investment portfolios, known as "晒实盘," is gaining traction in the industry, serving as a tool for attracting investors and enhancing engagement with them [1][10][16]. Group 1: Fund Managers' Performance - At least 20 fund managers have publicly shared their real investment portfolios on platforms like Ant Wealth and Tian Tian Fund, with total investment amounts ranging from 40,000 to 4 million yuan [1][5]. - Six fund managers have investment amounts exceeding 1 million yuan, including Yao Jiahong and Ma Fang from Guojin Fund, Liang Xing from Guotai Fund, Liu Junwen from Xinyuan Fund, Lei Tao from Debang Fund, and Guo Xiangbo from Tianhong Fund [5][6]. - The average returns from these real investments have been positive, with some managers reporting cumulative returns exceeding 1 million yuan and return rates as high as nearly 130% [1][6][9]. Group 2: Investor Reactions and Engagement - Investors generally welcome the practice of fund managers sharing their real portfolios, as it boosts confidence, especially during market downturns [1][10][17]. - Fund managers' real investment portfolios often encourage good investment habits among investors, as many adopt regular investment strategies like weekly or monthly contributions [1][17]. - The practice has sparked discussions about potential compliance risks and the possibility of investors following fund managers' actions irrationally [1][16][17]. Group 3: Notable Fund Managers and Their Strategies - Yao Jiahong's real investment portfolio totals 4.1772 million yuan with a cumulative return of 117.14 thousand yuan, while Ma Fang's portfolio amounts to 2.0005 million yuan with a return of 64.33 thousand yuan [6]. - Liu Junwen's portfolio reached 1.2756 million yuan with a return of 13.81 thousand yuan, and he made a notable single investment of 300,000 yuan in his managed fund [7]. - New entrants to the real investment sharing trend include Ren Jie, whose portfolio has achieved a return rate of 129% since its inception [8]. Group 4: Industry Trends and Future Outlook - The introduction of real investment features on platforms like Tian Tian Fund has attracted many fund managers, indicating a shift towards greater transparency and investor engagement in the industry [3][4]. - The practice of sharing real portfolios is seen as a way for fund managers to align their interests with those of investors, fostering a sense of shared risk and commitment [18][19]. - Industry experts suggest that while sharing real portfolios can enhance transparency and trust, it is essential for investors to assess their own risk tolerance and investment goals before following fund managers' strategies [18][19].

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 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 Viewpoint - The trend of fund managers publicly sharing their real investment portfolios, known as "晒实盘," is gaining traction in the industry, serving as a tool for attracting investors and enhancing engagement with them [1][13][18]. Group 1: Fund Managers' Performance - At least 20 fund managers have publicly shared their real investment portfolios on platforms like Ant Wealth and Tian Tian Fund, with total investment amounts ranging from 40,000 to 4 million yuan [1][5]. - Six fund managers have total investments exceeding 1 million yuan, including notable figures from Guojin Fund and Guotai Fund [7][8]. - The average return on these real investments has been positive, with some managers reporting returns exceeding 1 million yuan and rates as high as nearly 130% [1][8][11]. Group 2: Investor Reactions and Engagement - Investors generally welcome the transparency provided by fund managers sharing their real portfolios, as it fosters trust and encourages better investment habits [1][18]. - The practice has led to increased interaction between fund managers and investors, with many managers using their portfolios to share insights and strategies [1][17][18]. - Fund managers often employ regular investment strategies, such as weekly or monthly contributions, which can help guide investors toward disciplined investment practices [1][18]. Group 3: Industry Trends and Implications - The introduction of real investment portfolio features on platforms like Tian Tian Fund has attracted significant participation from fund managers [3][4]. - The trend has sparked widespread discussion in the market, with industry experts noting its potential to enhance investment transparency and investor confidence [13][18]. - Fund managers view this practice as a way to align their interests with those of investors, emphasizing a shared commitment to navigating market fluctuations together [17][20].

Core Viewpoint - The trend of fund managers publicly sharing their real investment portfolios is gaining traction, serving as a tool for attracting investors and enhancing engagement with them [1][10][15]. Group 1: Overview of Fund Managers Sharing Real Portfolios - At least 20 fund managers have publicly disclosed their real investment portfolios on platforms like Ant Fortune and Tian Tian Fund, with total amounts ranging from 40,000 to 4 million yuan [1][4]. - The total investment amounts of six fund managers exceed 1 million yuan, with notable figures including Yao Jiahong and Ma Fang from Guojin Fund, and Liang Xing from Guotai Fund [4][5]. - Fund managers have reported positive returns on their real investments, with some achieving cumulative profits exceeding 1 million yuan and returns as high as nearly 130% [1][5]. Group 2: Performance of Individual Fund Managers - Yao Jiahong's total investment amount is 4.1772 million yuan, with a cumulative profit of 1.1714 million yuan, and holding returns of 39.44% and 38.03% for specific funds [5]. - Ma Fang has a total investment of 2.0005 million yuan and a cumulative profit of 643,300 yuan, with holding returns of 47.68%, 43.79%, and 33.51% for her funds [5]. - Lei Tao from Debang Fund has a total investment of 1.7611 million yuan and a profit of 546,500 yuan, with some holdings still in negative territory [5]. Group 3: Impact and Reactions - The practice of sharing real portfolios has sparked discussions about potential compliance risks and the possibility of investors following trends irrationally [1][10][14]. - Fund managers' public sharing is generally welcomed by investors, as it can boost confidence during market downturns and promote good investment habits through regular contributions [1][14]. - The trend is seen as a step forward in enhancing transparency and fostering trust between fund managers and investors [10][15]. Group 4: Future Considerations - While sharing real portfolios can enhance investor engagement, it is essential for investors to assess their own risk tolerance and investment goals before following fund managers' strategies [17][18]. - Fund managers are encouraged to maintain transparency and provide risk warnings to avoid misleading investors [18].

Group 1 - The core viewpoint of the article is that the trend of fund managers publicly sharing their real investment portfolios is gaining popularity, serving as a tool to attract investors and build trust [1][2][19] - At least 20 fund managers have publicly shared their real portfolios on platforms like Ant Wealth and Tian Tian Fund, with total investment amounts ranging from 40,000 to 4 million yuan [1][7] - Fund managers' real portfolios have generally achieved positive returns, with some reporting cumulative profits exceeding 1 million yuan and return rates as high as nearly 130% [1][8][11] Group 2 - Fund managers' public sharing of real portfolios has been well-received by investors, as it boosts confidence during market downturns and encourages good investment habits through regular contributions [2][20] - The highest investment amount comes from two quantitative fund managers at Guojin Fund, with total amounts of 4.1772 million yuan and 2 million yuan, respectively, achieving significant returns [8][9] - The trend of sharing real portfolios is seen as a new industry phenomenon, enhancing interaction between fund managers and investors while providing insights into investment strategies [13][19] Group 3 - The article highlights the potential risks associated with fund managers sharing their real portfolios, including compliance issues and the possibility of investors following trends irrationally [1][19][20] - Fund managers express confidence in their investment strategies and aim to share their experiences with investors, reinforcing the idea of shared risk and commitment to performance [18][19] - The practice of sharing real portfolios is viewed as a step forward in enhancing transparency and trust in the investment process, although caution is advised regarding the interpretation of short-term performance [19][20]

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 article discusses the recent trend of fund managers sharing their real-time investment performance on the Tian Tian Fund platform, highlighting both successful and struggling investments among various fund managers [1][4]. Performance Highlights - Several fund managers have reported impressive real-time performance, with some achieving returns as high as 68%. For instance, Jiang Feng from CITIC Prudential Fund has a portfolio with returns of 68.08%, 25.58%, 18.34%, and 2.91% across four funds [5][6]. - Fund manager Ren Jie has a holding return of 61.90% with total assets of 213,600 yuan, while Chen Bo's portfolio shows a return of 10.10% with total assets of 414,700 yuan [3][4]. - Quantitative fund managers Yao Jiahong and Ma Fang have also reported strong returns, with Yao's holdings yielding 29.19% and 30.14%, and Ma's yielding 36.83%, 35.58%, and 23.69% [6]. Market Sentiment and Investor Confidence - The act of fund managers sharing their real-time performance is seen as a way to boost investor confidence, especially in a volatile market where many products are underperforming. This practice is believed to provide psychological reassurance to investors [6].