In August, Huatai Barry’s last five fund 5 funds fell more than 5% in a single month
Source: China Economic Net Original title: In August, the last five of Huatai Barry’s five round funds fell more than 5% in one month. China Economic Net, Beijing, September 5 (Reporter Li Rongkangbo) just ended in August,Although the A-share market continues to fluctuate, the structural market is clear. Consumption, medicine, and technology stocks perform better, driving the growth of related fund performance. Wind data show that nearly 80% of hybrid funds received positive returns in August.
However, Huatai Bairui Fund has five mixed bases that exceed 5%, and the bottom of the mixed base fall in August.
Among them, the top of the mixed base drop list in August was the integration of Huatai Borui State-owned Enterprises, which ranked 6th in August.
Among the five mixed bases, as of the close of August 30, the gradual unit net value of Huatai Borui New Financial Real Estate and Huatai Borui Fuli Fund has fallen below 1 yuan.
The above five funds that allow more than 5% of all funds are from the hands of fund manager Yang Jinghan. Except for Huatai Boruidu’s strategy, which is jointly controlled by Yang Jinghan and Fang Wei, the remaining 4 funds are independently controlled by Yang Jinghan.
The direction of these funds’ heavy positions is also the same. Most of the holdings are concentrated in the banking, real estate, engineering and construction sectors, but these sectors generally performed poorly in August, which led to improved fund performance.
Huatai Barry’s 5 products bottomed the August mixed base performance list, all fell by more than 5%. Benefiting from consumption, pharmaceutical stocks continued to rise. The A-share market structure in August was obvious. However, due to the decrease in holding positions, mixed funds in AugustThe performance is good, and nearly 80% of the products have achieved positive returns.
However, due to the decline in financial, real estate, construction and other weight sectors, some funds also performed poorly.
Judging from the list of mixed base declines in August, the top 5 are all subdivided by Huatai Perry’s products, namely Huatai Perry’s state-owned enterprise integration, Huatai Perry’s multi-strategy, Huatai Perry’s value selection 30, Huatai Perry’s new value.Financial real estate, Huatai Borui Fuli, and these five funds are expected to exceed 5% per month.
Ranked first in the mixed base drop list in August was Huatai Berry State-owned Enterprise Integration, which ranked 6th in August.
Huatai Borui State-owned Enterprise Integration was established on June 25, 2018, and its growth rates in the past year and this year were 5 respectively.
98%, although all achieved positive returns, at the same time the average increase of similar funds was 17.
01%, there is no bright spot at the stage of the fund.
During the second half of 2018, as the stock market continued to fall, the net value of Huatai Borui’s state-owned enterprise consolidation also fluctuated and declined, and by the end 淡水桑拿网 of 2018, it had fallen below zero.
Benefiting from the rapid rebound of the stock market in the first quarter of this year, the fund’s net value recovered and rose to a stage high in early April, when its converted unit net value was close to 1.
But after that, its net value retreated again until the close on August 30, 2019, and the fund’s incremental unit net value was 1.
After the above, although the incremental unit net value of Huatai Borui’s state-owned enterprises continued to fall, it was still above 1 yuan, but Huatai Borui New Financial Real Estate and Huatai Borui Fuli had fallen below 1 yuan until August 2019At the close on the 30th, the cumulative unit net value of the two funds was 0.
9574 yuan, 0.
8441 yuan, August net worth fell by 5.
68% and 5.
Huatai Boruifuli was founded on September 12, 2017. Although it was established in the outbreak of blue chip market in 2017, the fund just seized the opportunity of good blue chip growth. From the perspective of net worth, the fund wasThe probability of adopting a stable and conservative way of opening positions is almost unchanged.
After entering 2018, Huatai Boruifuli gradually started to build positions, but also only increased its net value in January, and the increase was less than 10%.
Since February 2018, due to the impact of stock market returns, the fund’s net value has begun to fluctuate and decline. Until December 31, 2018, the net value of its converted units has only 0 remaining.
Since the beginning of this year, although the net value of the fund has rebounded rapidly in one quarter, it has retreated after April. Until the close on August 30, 2019, the fund’s gradual unit net value has become zero.
Due to the poor performance, the management scale of Huatai Boruifuli has also been declining, and the fund was 13 when it was established.
US $ 8.7 billion, but it has shrunk by more than half in just half a year, with 5 remaining at the end of the first quarter of 2018.
5.5 billion yuan.
The performance of the fund continued to decrease during 2018, and its size continued to decline, remaining to the end of 20183.
5.7 billion yuan.
This year, although the scale has improved slightly due to the performance boost, in the end of the first half of this year, the size of the fund was only 4.
The earliest point of view is that from the above five mixed bases that exceeded 5% in August, the management scale of the other four funds is still under Huatai Perrier Rich.Is 1.
At 21 trillion, the scale of Huatai Barry’s strategy is zero.
With US $ 6.1 billion, the integration of Huatai Borui’s state-owned enterprises, the value of Huatai Borui’s value selection 30 is even lower than the liquidation red line, which is 0.
1.5 billion, 0.
The five bottom mixes are all based on Yang Jinghan’s helm at the Shigekura Bank’s dismal performance in real estate. A reporter from China Economic Net noted that the five funds with more than 5% of Huatai Perry’s funds belonged to the fund manager Yang Jinghan. Except for Huatai Perry’s strategy,Outside of Yang Jinghan and Fang Wei at the helm, the remaining four funds supplement Yang Jinghan at the helm.
From the resume, Yang Jinghan worked as an investment analyst at Ping An Asset Management Co., Ltd. from 2004 to 2006; from 2006 to September 2009, he worked as a investment and investment manager, investment manager, and head of the fund investment department at Life Life Insurance Company.
In October 2009, he joined Huatai Boruirui Fund Management Co., Ltd. as the investment manager of the special account investment department.
From June 2014 to April 2015, he served as Assistant Director of Research.
Yang Jinghan’s appointment began on April 28, 2015, and he has been in office for more than 4 years.
Fang Wei served as Shanghai Jinxin Research Institute from September 2003 to January 2005; from January 2005 to February 2007, he served as a senior official of Wanjia Fund Management Co., Ltd .; joined Huatai Borui Fund Management Co., Ltd. in February 2007Company, former scientist, senior researcher, assistant fund manager, fund manager.
China Economic Net reporter also noted that since the establishment of the five funds mentioned above, Yang Jinghan has been at the helm until now, and the five funds have not changed the fund manager so far.
Among them, Yang Jinghan independently manages the integration of Huatai Borui’s state-owned enterprises, Huatai Borui’s value selection 30, Huatai Borui’s new financial real estate, and Huatai Borui’s riches each has a salary of 2.
19%. The return on employment with Fangwei to manage Huatai Barry’s strategy is 16.
From the second quarterly report, because of the same fund manager at the helm, these funds have the same direction of heavy positions. Most of the holdings are concentrated in the weights of banks, real estate, engineering and construction, but these sections generally perform poorly in August, resulting in fundsPerformance growth potential.
Specifically, in the second quarter of this year, five funds each held heavy positions in Nanjing Bank, Industrial Bank, Huaxia Happiness, and China Construction, but only 4 stocks fell by an average of more than 5% in August, while Industrial Bank fell by more than 10% in a single month.
In addition, Minsheng Bank, Xincheng Holdings, Gezhouba, China Railway Construction and other stocks favored by Yang Jinghan also noticed a decline in August. The performance of concentrated holdings and heavy storage stocks was not good, which caused the bottom of 5 funds in 8 months.Deterioration, I have to say that Huatai Barry’s risk control seems to need to be strengthened.
Huatai Borui Fund Management Co., Ltd. was established on November 18, 2004, and now has a registered capital of RMB 200 million. It is headquartered in Shanghai and has branches in Beijing and Shenzhen. The company’s shareholders are Huatai Securities Co., Ltd. and Burui Investment Co., Ltd.Company (formerly AIGGIC), Suzhou New District Emerging Industry Co., Ltd.
Huatai Borui Fund Company has been established for nearly 15 years. At the end of the second quarter of this year, the company’s management scale is 1006.
13 trillion, which is also the second time in the second quarter of 2016 after its scale fell below Gigabit, after more than 3 years, the company once again stood on the Gigabit line.
However, among the 100 billion yuan scale of Huatai Borui Fund Company, only currency funds overlap by more than 30%. After excluding currency funds, the company’s non-cargo base scale is less than 70 billion yuan.
If you compare the data at the end of the first half of 2019 with the data at the end of 2018, excluding the factor of asset growth, the company’s stock funds, hybrid funds, and bond funds have all declined in the three major types of products.
According to the data of Tiantian Fund Network, at the end of 2018, Huatai Borui belongs to these three categories of products with a total of 149.
9.9 billion copies, 233.
04 billion copies, 46.
At the end of the first half of this year, the number of 2.6 billion copies shrank to 146.
34 billion copies, 207.
6.8 billion copies, 32.
75 billion copies.