written in front
Mindful readers, hello everyone, I haven’t updated for a long time. I hope everyone will have a enlightening and rewarding year this year.
I personally feel that the existence of the mindfulness list still has some significance. It is based on data, purely objective comparison, and reflects the selection process. I hope it will be helpful to everyone's investment life.
Let's get started.
All the data in this article come from the wind database. The data deadline is: June 30, 2022. The targets we screen are based on fund managers. The data is the arithmetic average of all products managed by a certain fund manager during the same period. This is The algorithm is designed to bet on the emergence of track runners.
Fund investment is risky. Don't invest "at will" or cry "hysterically!", you still have to learn to be responsible for yourself!
1. Equity list (annual cumulative)
(1) Ordinary stock type
1, filtering conditions
(1) Top 100 in the past 1 year
(2) Top 100 in the past 2 years
(3) Past 3 years The top 100
(4) geometric annual returns of more than 15%
Finally, 33 fund managers were selected, the details are as follows:
If we add the top 50% of the income in the past 5 years, the players selected in the 5-year period are as follows ( 15 in total):
(2) Partial stock mixed type
1, screening criteria
are the same as ordinary stock type
2, 17 fund managers were selected for the 3-year period:
3, only 3 fund managers were selected for the 5-year period:
(3) Flexible allocation type
1, the same screening criteria
2, a total of 16 fund managers were selected for the 3-year period:
3, and only 4 fund managers were selected for the 5-year period:
(4) The final list of consecutive years
We divided ordinary stock types, partial stocks The three categories of stock hybrid and flexible allocation lists are put together. There are a total of 66 3-year fund managers. From these 66 fund managers, we select
(1) in the past 1 year and 50% in the past
(2) in the past 2 years ago 50%
(3) In the past 3 years 50%
The fund managers who finally entered the list are as follows:
Similarly, there are 22 5-year fund managers shortlisted in the preliminary selection. We also follow:
(1) Nearly 1 They were in the top 50% of the 22 people in every year/2 years/3 years/5 years, and 6 fund managers were finally selected.
Well, the equity list for consecutive years is out:
2. Equity list (single year performance)
In fact, as we write this, we have obviously seen that many players who have invested in new energy in the past year have been shortlisted. Let’s change it. From this perspective, try again using the performance of a single year (this is also a question that many people in the group have questioned) to see if anyone can perform stably and perform well no matter what kind of market conditions they encounter.
Let’s take 2018, 2019, 2020, 2021, and 2022YTD, which are all fund managers that can be in the top 50% of the market, and see how many can be selected.
1, ordinary stock fund manager
There is only one person whose performance in the above five time periods is in the top 50% of similar fund managers. He is Wang Junzheng of ICBC Credit Suisse Fund. The specific performance is as follows:
But unfortunately, Wang Junzheng is not in our consecutive annual in the list.
Therefore,
statistics are just a number. The key to
is how we understand and how to use
!
2, partial stock hybrid
The same logic, the same screening criteria, 2018-2022YTD, there are finally 5 fund managers who are in the top 50% of partial stock hybrid fund managers in each year, they are:
We have written Among them are Xu Lirong and Liu Xiao, Li Wenbin and Jiang Feng are also familiar, and Yuan Xi seems to be a newcomer.
Extended reading:
WikiLeaks 2: Franklin of the Sea of China - Xu Lirong , for decades, he has been able to understand a person and understand a person
Franklin of the Sea of China - Liu Xiao, "small but beautiful", steady but steady No loss of edge!
Similarly, none of these 5 people were selected in the previous cumulative list.
3 and flexible configuration
have the same rules. What makes us happy is that 6 fund managers were selected. They are:
We are very happy to see two old acquaintances, Wan Minyuan and Qi He, Lao Wan is a medicine man , it is really unexpected that it can be so stable; we know that Qihe is balanced towards new energy sources, and such stable performance also makes us take a higher look!
extension extension reading:
Rongtong Fund - Wan Minyuan, a new supplement for medicine (+ the three goddesses of medicine)
WikiLeaks 2: Yifangda: Qihe, the industry is relatively concentrated, and the performance has not lost its edge!
4, stable list
In the end, we combine the top 50% of fund managers in the market in the five time dimensions of 2018-2022YTD. I think that never going off track is their common characteristic. These people may be more useful to everyone. It has reference significance.
3. Final rights list
We put the consecutive annual list and the single-year list together for everyone to make a more comprehensive reference.
In fact, the one who is most profound in our hearts should be Du Yang, who has been on the list for three and five years. Moreover, we know that he is a bit of a rotation. Although Brother Kun, Fangfang, Brother Chun, Dahe and others have gradually drifted away, classmate Adu seems to have always been in our hearts.
Extended reading
Wiki Decryption 2: ICBC Credit Suisse - Du Yang, the rotating wind in the toolbox!
Of course, Tao Can of CCB Fund is also a stable and long-lasting presence. Don’t forget to take a look at this treasure fund manager often!
Extended reading
Wiki Decryption 2: CCB Fund - Tao Can, a 10-year veteran driver, this is the real treasure fund manager
written at the end
Well, dear readers, the new rights list has been sorted out. As we all know, it is not enough to just look at the data. You need to know the styles of these fund managers, and the correct answer is to make a good allocation of fund styles. To understand the style, you need to understand these fund managers in more detail, and be sure to read our in-depth article.
Okay, that concludes our ninth list of rights and interests. Lists of several other categories will come out soon.
If there is a fund manager you hold in our list, please leave a message to tell us your views, which will also be of certain reference significance to everyone.
Choosing a fund manager is only the third step in investment decision-making. Asset allocation and style allocation are the first choices. If you have time, take a look at a relatively complete set of asset allocation columns.
Recommended reading
Asset allocation: 1. Proud Christian
Asset allocation: 2. Find low-correlated assets
Asset allocation: 3. Understand volatility and must pay attention to customer experience.
asset allocation: 4. Dynamic rebalancing and mean reversion.
Asset allocation: 5. Investment life cycle
Asset allocation: 6. Fund style allocation
Asset allocation: 7. How to choose a fund manager
