Since this year, the market has continued to adjust, and there have been some fluctuations in the short-term performance of public funds. However, in the medium and long term, public funds still create better returns for investors. According to the data of Galaxy Securities Fund Research Center, in the three years from 2019 to 2021 alone, the cumulative profit of the public fund industry for investors reached 3.89 trillion yuan.
From an annual perspective, the fund companies ranked in the top 10 profit list each year are different. The four industry leaders of GF, Fuguo, Nanfang and Xingzheng global have continued to "dominate the list" for three consecutive years, showing strong medium and long-term sustainable profitability.
According to the data of Galaxy Securities Fund Research Center, the public fund industry created a profit of 1.18 trillion yuan for investors in 2019, a new high since the bull market in 2007; In 2020, it will reach a new high and its profit will exceed 2 trillion yuan; In 2021, it will fall back to 714.7 billion yuan.
Judging from the profitability of the products of various companies in different years, the leading advantages of large fund companies are obvious, and the companies with profitability ranking in the top 10 are always changing, with four fund companies including GF, Fuguo, Nanfang and Xingzheng global ranking in the top 10 for three consecutive years.
The progress trend of GF fund is particularly significant. From 2019 to 2021, the total profit ranking (annual report data) of the company's funds rose from No. 7 and No. 3 to No. 1 in the industry, while Wells Fargo fund rose from No. 6 and No. 5 to No. 3 in the industry.
Judging from the overall profitability of the past three years, the total profits of the funds of the above four companies reached 173 billion yuan, 165.1 billion yuan, 148.2 billion yuan and 121.6 billion yuan respectively, creating considerable returns for investors.
Industry insiders believe that the profit scale of the fund is highly matched with the management scale of the fund company, but it can also reflect that some large fund companies have strong overall sustainable profitability, relatively diversified product layout and investment style, and can adapt to a variety of market environments.
According to the analysis of Haitong Securities Company Limited(600837) Research Institute on the heavy position industry of public funds in 2021, by the end of 2021, among the top 20 fund companies with active equity asset management scale, the largest heavy position industry of the above four companies has achieved a large increase in 2021, which has a higher excess return compared with CSI 300, or provides support for the better profit performance of its products.
Galaxy Securities Fund Research Center said that the fund evaluation has multiple dimensions, including the evaluation reflecting the unit share growth based on the net value growth rate and the evaluation reflecting the profit and loss of all holders based on the fund profit. A variety of evaluation methods complement each other and improve the evaluation system. "Among them, the evaluation of fund profit is of great significance, which helps us understand and grasp all the returns of public funds to holders from a comprehensive and overall perspective."
However, industry insiders also pointed out that the profit of fund products is not equal to the actual income of investors. The irrational behavior of investors will have an impact on the final income. If they chase up and down frequently, it is likely to lead to the phenomenon that "the fund makes money but the foundation does not make money". Historical data show that 80% of the revenue often comes from 20% of the time. If you want to not miss the revenue, you may have to endure the waiting and suffering of 80% of the time. In fund investment, asset management institutions still need to strengthen the long-term company and concept cultivation of investors, actively advocate long-term investment and rational investment, and try their best to improve the sense of gain of investors from the aspects of product form and investment adviser, so as to make investors "what they see is what they get".
