2010 single fund who is the final winner, is not news, because the single is very easy to compare the performance of the Fund, as long as the same type of annual yield of the fund ranked teams to clear out.
fund's overall return rate is not easily discharged.
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
60 products have been issued consolidated fund companies, the results show small fund companies shine in 2010, accounting for the company's overall performance ranking of the top ten large companies overall performance is poor.
scale weighted rate of return of the fund among the top 10 followed by Chinese entrepreneurs, Wu, Morgan Stanley Huaxin, CAF Agricole, Galaxy, Prudential, Golden Eagle, TEDA Manulife, HSBC Jin letter, Celestica; among the 10 companies that followed after the Bauhinia, Vanguard, Bank of Communications Schroder, Fortune SGAM, the Post business, Minsheng, Bo, the EU, the Great Wall of China Peng.
large fund companies in the outstanding performance of companies than the culmination of extensive development and Castrol, the majority of poor performance of other large companies is an important reason is that some of the Fund's assets under management is too large, exceeding the fund managers the ability to respond to market shocks.
weighted rate of return but also reflects the overall strength of the
If a fund management company is only one fund, the fund's performance ranking is easy, if the management of each company have a lot of funds only, evaluation of the company's overall performance on the more difficult,
distribution channels with the increase in the Fund, the Fund issued a rapid increase in number, each fund management products continue to increase, which allow the company to conduct an overall evaluation of the degree of difficulty increases.
This is because, in the same fund company, different fund performance rankings are not the same, many companies not only have relatively good performance of the products themselves, but also a performance of less developed products.
considering the level of the fund management capabilities, the company needs to consider the overall fund products.
same time, the calculation of the Fund's overall performance, not only to consider single fund performance, but also consider the size of the only funds, large-scale fund of funds greater impact on the company's overall performance.
arrangements for the Fund's resources, it will be more emphasis on large-scale fund, the company's investment and research resources by the corresponding proportion in assets under management to fund large-scale tilt.
Based on the above logic, the company's overall performance in the assessment fund, the earnings.
the beginning of the fund assets and the assets do not end like the beginning of some assets of the Fund a larger scale, the lower end of the year, and some the contrary, in order to smooth these factors, we used the average asset size as weights 2010, fund companies calculate the overall rate of return.
order to more objectively evaluate the performance of company management in 2010, this selection bias stock funds as the research object, and the exclusion of the newly established fund in 2010, a total of 390 funds.
none of the top ten companies to enter the top ten yield
evaluated according to the above criteria, we found that 2010 is the year for small and medium sized companies are very upper hand, many small and medium companies with flexible advantage of very good results, and overall poor performance of some large companies, in the company's overall performance rating, the size of the top 10 companies, none of the performance rankings into the top 10.
2010, the Fund Company weighted average yield of 1.39%, the Shanghai index rose more than 15 percentage points higher. Among them, 28 companies achieved a positive return, 32 companies with negative earnings.
the highest yielding fund companies in the top 10 followed by Chinese entrepreneurs, Wu, Morgan Stanley Huaxin, CAF Agricole, Galaxy, Prudential, Golden Eagle, TEDA Manulife, HSBC Jin letter day Philip, the 10 companies in the weighted average yield of 14.71%.
Most of these companies manage performance better products, such as the top three Chinese business, Soochow, Morgan Stanley Huaxin, the management of more than just products in the same fund in the forefront. Flourishing growth of Chinese business, Chinese business and Chinese business leaders alpha similar products were ranked No. 1, No. 3 and No. 17, Wu aggressive strategy, Soochow Golden Harvest advantage of similar funds were obtained 5 and 14.
before and after 10 rate of return of 10 different, the latter in 2010, the average rate of return of -8.29%, 23 percentage points lower than the former.
10 companies after the order is valuable surplus, Vanguard, Bank of Communications Schroder, Fortune SGAM, the Post business, Minsheng, Bo, the EU, the Great Wall of China Peng.
size of the top 10 last year, Bank of Communications Schroder, Bo, when, after the weighted yield rate in the last 10 of the column, in 2010, the two companies large losses in assets under management.
Bo partial shares when the management of most products is negative in value, the highest Bo balanced configuration, only 3.09%, followed by Bo franchise value, income rate is only 1.99%; but the former was only 2.971 billion in assets under management were, which was 596 million copies.
contrast, management of assets of 223 million copies of Bo emerging growth, a loss of 6.44% in 2010, managing 236 billion in value growth when Bo lost 5.56%, similar to the more than 50 billion There were more than Bo theme fund industry, Boshi Value Growth 2, Bo, when the tertiary industry, Bo, when selected, the 2010 loss of more than 5%.
addition to Bo, the other top 10 performance of the company size is also very plain, and even some small companies lost performance of the company.
the forefront of the large fund performance is the culmination of extensive development and Castrol, the overall results were ranked among the first 12,15 and 18, the weighted yield was 6.41%, 3.47% and 3.97%; China, the South, Hua Deng Jun at the middle level, the weighted rate of return in the rankings, was ranked at 26, 35 and 38.
size of only three top 50 results into the top hundred
why some small companies can take advantage of, and some large companies are lagging behind?
An important reason is that some of these large company's large-scale fund products, fund managers face a complex market conditions in 2010, difficult to deal with. Statistics show that in 2010 ten billion scale of the overall poor performance of a single fund.
2009 At the beginning of the scale of over 10 billion yuan of the fund a total of 53, ranked among the top 100 results of only three funds, namely the growth of Chinese superiority, GF, and Great Fortune Small Cap Growth Management 2020, partial stock funds were ranked No. 7, 30 and 65.
in 390 comparable funds, ranked 100 in there after 14, they are the China Post Core Growth, Bo, when emerging growth, Fortune SGAM selected industries, Bo Theme Industry , China Post Core optimization, the Great Wall brand preferred, Bank of blue-chip votes, Bo, when selected, Invesco Great Wall Selected Blue Chip, Everbright Pramerica advantage, the South component selection, Peng Hua value advantage, Bank of selected stocks, the rich Shui strong selection.
Bo companies are concentrated, the China Post and the Bank of Botswana when 3, Bank of Communications Schroder in the mail, and the two.
Post management in the core of China Post and China Post Core Growth optimization, since the establishment of large assets under management as at present, were also manages a 14.1 billion and 235 billion worth of assets, in addition to the bull market in the unilateral When relying on high-income position than to get better, and unilateral decline in market volatility in the market, are easy to bottom in performance status, the most important reason is the scale of one too, the fund manager is difficult to deal with.
opposite small fund, the operation will have distinct advantages, especially in the shock market in 2010.
single in 2010, fund performance rankings of the top 10, in addition to the annual average growth of Chinese superiority over 10 billion yuan of total assets, the other no more than another nine, the only annual average total assets 3.7 billion.
there are three size of the Fund's total assets of not more than 10 billion yuan, respectively, day governance of innovation, selection and Galaxy industry in the small cap Cinda.
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