This stands at the top of the storm top public fund managers, once again experienced the trouble of leaving the circle.
March 2, the network spread “day day up” program group to the top flow fund managers released the program recording invitation. The invited list includes: Cai Xiangyang, manager of China AMC Fund, Sun Fang, manager of Shanghai Investment Morgan, Li Yongxing, manager of Yongying Fund, Fu Youxing, manager of Guangfa Fund, Zhang Kun, manager of Yi Fangda Fund, Liu Yanchun, manager of Invesco Great Wall Fund, Hou Hao, manager of China Merchants Fund, and Ge Lan, manager of China Europe Fund.
On March 3, the above mentioned list involved in a number of public funds to Tencent news “a line” response called “rumors.”
Tencent news “a line” learned from informed personage, “day day up” program group does have such planning plan, and invited a number of head public fundraising fund, but were rejected. This has led some public funds that had planned to take advantage of the opportunity to get out of the loop to weigh the pros and cons and finally form a synergy. “I don’t expect anyone to go because the fallout will be too great,” the person said.
The rumor also caused a stir on social media, with one commenter saying, “I’ll clear my position immediately if I’m on it,” and “exposure is bad for fund managers.”
Benefited from easy liquidity, public funds in 2020 generally delivered good performance. According to the disclosure of the Asset Management Association of China, by the end of December 2020, the average annualized return of partial stock public offering funds was 17.04%, exceeding the average increase of the Shanghai Composite Index by 10.54 percentage points in the same period, and the average annualized return of bond public offering funds was 6.91%, exceeding the current three-year fixed deposit rate by 4.16 percentage points.
By the end of December 2020, there were 132 domestic mutual fund management companies in China, including 44 Sino-foreign joint ventures and 88 domestically funded companies. There are 12 securities companies or asset management subsidiaries of securities companies and 2 insurance asset management companies that have obtained the qualification for public offering fund management. The net assets of public funds managed by these institutions totaled 19.89 trillion yuan.