At the beginning of 2022, A-Shares fell sharply and investors suffered heavy losses. However, to lengthen the investment period, from the medium and long-term perspective, public funds that have also experienced many rounds of sharp declines can still cross the bull and bear and create better long-term returns for investors.
In the current stage of declining stock market and low investor sentiment, the fund king has checked the profitability of public funds under various fund managers in recent three and five years, and the overall profitability of public funds is still significant: nearly 4 trillion has been made in recent three years, and 13 public giants such as e fund, Huaxia and GF have made more than 100 billion; The five-year profit reached 4.35 trillion yuan. Through multiple rounds of bull bear conversion in the market, the fund investment realized long-term profit.
It is worth noting that the profit of fund products does not mean that investors can make money. If they frequently "chase after the rise and kill the fall", "pick up the market at a high level and cut the meat at a low point", improper timing operation is likely to lead to the phenomenon of "fund products make money, but investors do not make money".
Industry insiders also suggested that in fund investment, all parties in the market should continue to advocate long-term investment, rational investment and value investment, continuously optimize product forms or investment methods by using methods such as fund fixed investment, holding period fund and fund investment adviser, accumulate their own chips at the low point of the market and prolong the investment period, so as to obtain a better return on investment.
made nearly 4 trillion in three years
13 public offering companies have a profit of more than 100 billion
Making money for investors is the core ability of asset management companies. With the disclosure of the fourth quarter report of the fund in 2021, the profitability of the products of various fund managers was released. The reporter's inventory data showed that the profit data of public funds in recent three years was close to 4 trillion, and the profit-making effect of fund products was still significant.
In the past three years, from 2019 to 2021, the A-share market's science and technology, medicine, consumption and new energy sectors rose in turn, the market reached 3700 points higher from the bottom of 2400 points, staged a bull market of 1300 points, and public funds also ushered in three years of great development.
With the recent disclosure of the fund's 2021 fourth quarter report, the scale, performance and investment of the one-year period have come to an end. Lengthen the investment vision. In the past three years, the total profit of the products of public funds is close to 4 trillion, creating a good long-term return.
According to the data, by the end of 2021, the cumulative profit of all products of public fund managers in recent three years was 3.91 trillion yuan, close to the 4 trillion mark.
In the past three years, the fund manager's products made the most profits for e fund. The total profit of the company's products was 266.049 billion yuan, ranking first in the whole market. Huaxia ranks second, and its products have made a profit of 182.7 billion yuan in recent three years. Gf and huitianfu funds both exceeded 170 billion yuan, also ranking in the forefront of the industry.
In addition, there are 13 fund companies such as Fuguo, Nanfang and harvest, and the total profit data of their products also exceeds 100 billion yuan, ranking among the "100 billion club".
It is worth noting that all the above products include monetary funds. At present, the monetary funds with a scale of 9.5 trillion in China are huge. These monetary funds with a huge base have also created considerable profits. Excluding the monetary fund, the profit data of public offering non commodity based products are still good.
The data show that by the end of 2021, the total profit of non monetary funds under public offering in recent three years was 3.33 trillion yuan, 578 billion yuan less than all the data. This data is also the profit created by the Monetary Fund for everyone in recent three years.
Without the cargo base, the profit ranking of fund companies will have a great impact on companies with large cargo base, but there is no big change in the general profit ranking.
E fund's profit is still 236.3 billion yuan, ranking the first in non commodity based profit in recent three years; Huaxia Fund was 164.6 billion yuan, ranking second. GF, huitianfu and Fuguo all made profits of more than 150 billion yuan in the same period.
This ranking has the greatest impact on Tianhong fund, which manages Tianhong Yubao. In recent three years, Tianhong's Monetary Fund has made a profit of 72.2 billion yuan. After deducting the goods base, the total profit of Tianhong fund has decreased from 107.5 billion yuan to 35.3 billion yuan, and the profit ranking has been reduced from 12th to 26th.
In addition, excluding the monetary fund, the profit figure of CCB fund with large cargo base will also be reduced by more than 31 billion, from 66.6 billion to 35.5 billion yuan; E fund decreased by 29.8 billion yuan, from 266 billion yuan to 236.3 billion yuan; Boshi, Nanfang, ICBC, Credit Suisse, harvest and other fund companies will also reduce their profits by more than 20 billion yuan in the same period, and the ranking of profits will also change in part.
Turning to the long-term profit-making effect of public funds, a medium-sized deputy general manager of public funds in South China said that as an investment tool of Inclusive Finance, whether monetary funds, equity funds or fixed income funds, lengthening the term has a good profit-making effect. However, due to the different risk return characteristics among fund products, investors' holding experience is also different.
For example, the deputy general manager said that the monetary fund with the most stable income has a better investor experience, can obtain good positive income every day, and the risk of the product is relatively small; The yield fluctuation of bond funds will be greater than that of monetary funds, and the overall return can also be up and down by 4% - 6%; The volatility of equity funds is relatively greater, but the long-term return elasticity is high. The profit-making effect is very prominent in the bull market, but it will also decline heavily in the bear market. Looking at the extended period, some fund managers with excellent long-term performance can still beat the market and obtain excess returns.
"The most important thing for fund investment is that investors find products that match their risk appetite, do a good job in asset allocation, and control their risk exposure in market fluctuations, so as to obtain a given risk adjusted return." The deputy general name of public offering.
5-year profit of 4.35 trillion yuan
there are many suggestions and measures in the industry to encourage long-term investment
The three-year profit "report card" is bright, and then the term is extended. The five-year fund profit is also commendable.
According to the data, by the end of 2021, the profit data of all funds in the public fund industry in recent five years was 4.35 trillion yuan, including 3.27 trillion yuan of non commodity based profit, while the profit data of Monetary Fund also reached 109 million yuan in five years, exceeding the trillion mark.
From the profit data of all funds, e fund, the largest fund in the whole market, is still the "first brother" in the five-year profit data, and the profit of all funds in recent five years is 287.4 billion yuan; Tianhong fund is 222.2 billion yuan, ranking the second in the whole market. The above two public offerings are also the fund managers of the first tier with a profit of more than 200 billion yuan.
Looking back, the profit data of Huaxia, gf and huitianfu funds all exceeded 180 billion yuan, ranking the second echelon; China Southern, ICBC Credit Suisse and Wells Fargo fund also made more than 150 billion yuan in profits in the same period, ranking the third echelon.
In addition, harvest, Boshi, Xingzheng global and other public offerings have also exceeded 100 billion. From the five-year dimension, the public offering capacity of its funds with a profit of more than 100 billion has been expanded to 15 and 69 with a profit of more than 10 billion, earning long-term returns for customers from the medium and long-term dimension.
If we exclude the large-scale monetary fund, the non commodity based profit in the past five years is 3.27 trillion yuan, which is 68.2 billion yuan less than the profit of 3.33 trillion yuan in the three-year period.
From the perspective of the A-share market, from 2017 to 2021, A-Shares experienced the "beautiful 50" market in 2017, the big bear market in 2018, the technology led bull market since 2019, several rounds of bull bear cycles of a shares, and public funds still passed the bull bear conversion, generally recovering the losses of the big bear market and bringing long-term good returns.
From the five-year non commodity based list, the "first brother" e fund still tops the list. In the past five years, the fund has made a profit of 232 billion yuan, and GF, Huaxia and huitianfu funds rank the second echelon, with a fund profit of more than 150 billion yuan; Wells Fargo, harvest, Nanfang and Xingzheng global funds all exceeded 100 billion yuan in the same period, and the members of 100 billion clubs decreased to 8.
From the perspective of five-year long-term cycle, the revenue of goods base is more considerable. For some public offerings with large-scale goods base, the profit figure has also decreased sharply after excluding the goods base.
According to the data, in the past five years, Tianhong fund has the highest cargo based income, with a cargo based income of up to 187.7 billion yuan. Excluding this data, the non cargo based profit of Tianhong fund has only 34.4 billion yuan in the past five years, and the profit ranking has dropped sharply from No. 2 to No. 26 in the industry.
CCB and ICBC Credit Suisse fund are public offering giants, and their goods based profits have also exceeded 58 billion yuan in recent five years. After excluding the goods based income, the two public offering non goods based profits were 44.6 billion yuan and 92.7 billion yuan respectively, and the industry profit ranking decreased by 10 and 3 respectively.
In addition, e fund made a profit of 55.5 billion yuan, and Nanfang and Boshi made a profit of more than 40 billion yuan, which also contributed a lot to the overall profit of the fund company.
Seeing the long-term profitability of fund products, an executive of a fund company in South China also admitted that "the fund makes money, but the basic people do not make money", which has always been the pain point of the development of the fund industry. Whether it is monetary fund or non monetary fund, the greatest value of the fund as an Inclusive Finance and investment tool is that it can really convert the fund profit into the investor's income. At present, the fund investment consulting business being promoted in China is centered on "customers make money" to create a better investment experience for investors. I believe that with the optimization and improvement of the industry ecology, the number of fund profits in the future will become a real income for investors and make real money for Lbx Pharmacy Chain Joint Stock Company(603883) .
A person from a fund evaluation agency in Shanghai also believes that in a long investment period, public funds have proved the value of professional investment with long-term and good investment performance. In the current stock market crash, fund investors should still adhere to long-term investment and value investment. Public funds use their long-term earning ability to prove their asset management ability. It also shows that portfolio investment, standardized operation, professional investment, fund custody and other systems better protect the interests of investors.
\u3000\u3000 "With the popularity of holding period funds, 'fixed income +' funds and fund investment advisory services in the future, public funds may provide investors with stable and experienced fund products from the perspective of product design, portfolio and service upgrading. Supplemented by Jimin's adherence to the long-term investment concept, it may slowly smooth the sharp fluctuations of the stock market and allow investors to make long-term investments And really make money. " The fund evaluation agency said.
