Before waiting for the annual report of China Europe Fund, the resignation announcement of Mesozoic top flow “Zhou Yingbo” has been one step ahead.
On March 30, China Europe Fund announced that Zhou Yingbo left the fund manager for personal reasons. The market has generally expected this change. On December 17 last year, China Europe Fund announced that Zhou Yingbo would step down as the fund manager of four products: China Europe era pioneer, China Europe Internet pioneer, China Europe bright new normal and China Europe vision. China Europe Innovation future will be jointly managed by Zhou Weiwen, Shao Jie and Liu Jinhui.
announcement shows that the closed hybrid fund of China EU Innovation in the next 18 months will enter the opening period on April 11, and the fund name will be changed to “China EU Innovation future hybrid securities investment fund (LOF)”. Liu Weihui and Zhou Weikai will continue to manage the fund. So far, Zhou Yingbo successfully completed the last stick handover and ended his more than six years of fund investment management career in China Europe Fund
By the end of the third quarter of 2021, Zhou Yingbo’s management scale had exceeded 57.6 billion, and the public offering “top stream” was well deserved. His representative product is the pioneer of the times in China and Europe, and he has achieved 350% performance return in six years. Securities Times · brokerage China has learned that Zhou Yingbo is about to join a private equity fund and start a new journey in his career.
“the vast capital market has long slopes, thick snow and desert dust”
In mid December last year, Zhou Yingbo issued a letter to the holder.
Zhou Yingbo said in the letter, “China Europe Fund is the first stop of my fund manager career. In October 2014, I joined China Europe Fund and successively served as researcher and special account investment manager. In November 2015, the first public fund I managed, China Europe times pioneer, was officially established. Since I have been in China Europe for more than seven years, I have worked hard with my colleagues to pursue excellence.”
Zhou Yingbo also summarized his investment philosophy and lessons in the letter, “Over the past seven years, what I remember most is the mistakes I made and the lessons I learned in my investment. There are thick snow on Changpo and desert dust in the vast capital market. I often imagine my investment framework as a ’round rolling stone that can stick thick snow’, but I have found countless times that it is just a ‘funnel filtering gravel’. Confucius said ‘knowing is knowing, knowing is knowing’, and Charlie Munger said ‘determine your ability boundary’ Is the most important thing. “The biggest gain of six-year fund management is that I know a lot of things I’m not good at and can’t do well. I summarized the direction of investment cognition, such as” reliable management “and” differentiated growth stocks “. In the future, we also hope to continue to explore the true meaning of investment in the field of growth stocks that can be seen clearly, understood and done deeply.
\u3000\u3000 “It is not easy for holders to continue to invest in funds, and the mission and responsibility of our fund managers are also huge. From the value growth of high-quality listed companies to the performance growth of public funds, there are many ‘functions’ between our fund management team and the wealth increment of Jimin – in the past, we used to improve Jimin’s holding experience and guide rational investment behavior through dividends and appropriate purchase restrictions We need to explore a lot more. ” “In the face of an uncertain market, only a firm and pragmatic approach can ‘calm down and go all the way’,” he said
According to the previous announcement, China EU era pioneer, China EU Internet pioneer, China EU Mingrui new normal and China EU vision, the above four funds have been managed by outstanding Mesozoic fund managers led by Zhou Weiwen, chairman and Wang Pei, vice chairman of China EU fund investment and decision-making committee.
Among them, the China EU era pioneer will be jointly managed by Zhou Weiwen, Liu Weiwei and Luo Jiaming; China EU Internet pioneer will be jointly managed by Wang Pei and Wang Ying; China EU Mingrui new normal will be jointly managed by Zhou Weiwen and Liu Weiwei; China Europe vision will be independently managed by Cheng Yuxuan.
After Zhou Yingbo leaves office, Zhou Weiwen, Shao Jie and Liu Jinhui will jointly manage the China EU Innovation future fund and prepare for the upcoming open redemption.
China Europe Fund said that with a highly responsible attitude towards the holders, the fund manager team of China Europe Innovation future will continue to be realistic, pragmatic and conscientious, do a good job in investment research around the direction of innovation growth and scientific and technological growth, and help investors grasp the investment opportunities of emerging industries. At the same time, the company sincerely thanks Zhou Yingbo for his efforts and creative contributions in fund investment management.
Zhou Yingbo’s “history of evolution”
Zhou Yingbo’s growth represents the growth of China Europe Fund to some extent. He is a hero of the development stage of China Europe Fund from 0 to 1. An industry veteran commented on Zhou Yingbo, “he is young, wise and sharp in investment. He can best represent the temperament of China Europe Fund.”
Zhou Yingbo graduated from Peking University majoring in control theory and control engineering. After graduation, he worked as a product manager in Tencent’s core product department – instant messaging product department. He is a fund manager with few Internet industry experience in the industry and has a strong scientific and technological background.
In 2010, Zhou Yingbo began to invest in transformation and successively served as a researcher in Ping An Securities and Huaxia Fund; In 2014, Zhou Yingbo officially joined China Europe Fund and successively served as researcher, investment manager assistant and investment manager; He officially became a fund manager in November 2015 and began to manage his first fund. He is also his representative fund, the pioneer of the times in China and Europe.
at that time, Zhou Yingbo was just an unknown new generation fund manager. In addition, he had just experienced the stock disaster. The initial offering of China Europe times pioneer only received 122 subscriptions of 208556 million yuan, including Zhou Yingbo’s own more than 7 million yuan and the company’s more than 3 million yuan, which can be said to be a rarity
Six years later, by the end of the third quarter of 2021, Zhou Yingbo’s management scale had reached 57.634 billion yuan, including 60.664 billion yuan at the end of the second quarter of 2021, which has ranked among the top fund managers.
Zhou Yingbo is recognized by more and more investors, which is inseparable from its long-term excellent performance. Taking China Europe times pioneer as an example, as of September 30, 2021, the cumulative net value of the fund in recent five years has increased by 243.76%, the performance benchmark (yield of CSI 500 index 90% + yield of CSI composite bond index 10%) in the same period has increased by 14.13%, the annualized yield of the fund has increased by 28%, and the maximum pullback is – 21.79%.
“Zhou Yingbo is an all-round fund manager. He is not only top in investment, but also has his own insight into business model and enterprise management. He also has strong channel sales ability. He must be a leading figure in the private placement he is about to join.” An industry source close to him told the Chinese reporter of Securities Times securities firm
