How far is public fund from rational and mature development?

category:Finance
 How far is public fund from rational and mature development?


From the perspective of product investment, in the past two years, the public funds have seized the opportunity in the market structure, and excavated a number of stocks with long-term investment value in the fields of consumption, science and technology, medicine and so on. At the same time, they have led the market style to gradually focus on the fundamental changes of the company, pay attention to the endogenous growth of enterprise value, and practice value investment. The voice of public funds is also expanding, and the appeal of excellent fund teams and fund products is gradually enhanced.

However, in the industry highlights, there are also some deformation actions. On the issuing end, the markets pursuit of star fund managers has a significant effect, leading many star fund managers to issue many new funds under their own names, and even some fund managers who have left old funds to manage new funds. Some new funds just issued are still hovering at the face value line, and they continue to issue new funds a few months later, playing the star fund managers signboard to make money. Some star fund managers are still in the market After leading to a huge amount of management scale, ignoring the upper limit of investment capacity and issuing blindly and so on. On the investment side, the behavior of institutions gathering together to keep warm, centralized shareholding in a single industry and extreme style has also been questioned by the market.

Under the background of the great development of the industry, there is nothing wrong with the idea of using star fund managers to attract investors to actively apply for a large scale. After all, the public fund itself also has profit pressure. However, from the perspective of sustainable operation, excessive star chasing will also cause hidden dangers. It is the key to judge whether the industry is rational and mature that how to attract many investors to maintain the fund performance, protect the interests of the holders and form a virtuous circle between the holders and the company. In addition, the maturity and rationality of the industry also need regulators, managers, sales channels and investment advisers to jointly create a soil conducive to long-term investment. The core of fund industry is to build long-term investment capacity. Although this can not be achieved overnight, as long as the interests of the holders are the most important, the fund company will certainly get the love of the market. Source: Ren Hui, editor in charge of Securities Times_ NBJ9607

Under the background of the great development of the industry, there is nothing wrong with the idea of using star fund managers to attract investors to actively apply for a large scale. After all, the public fund itself also has profit pressure. However, from the perspective of sustainable operation, excessive star chasing will also cause hidden dangers. It is the key to judge whether the industry is rational and mature that how to attract many investors to maintain the fund performance, protect the interests of the holders and form a virtuous circle between the holders and the company. In addition, the maturity and rationality of the industry also need regulators, managers, sales channels and investment advisers to jointly create a soil conducive to long-term investment.

The core of long-term investment fund industry capacity building is to do a good job. Although this can not be achieved overnight, as long as the interests of the holders are the most important, the fund company will certainly get the love of the market.