Source: Hefei Coopers
Author: Kisingo
It can be said that several families are happy and others are sad. Recently, the China Fund Industry Association released the results of the monthly average size of non-commodity funds in the first quarter of 2024. The most shocking thingbaccarateyeWhat is more, Huitianfu Fund, once the top two in the industry, fell to ninth place in the industry in its average monthly scale in Q1 2024. It is the fund company with the most obvious decline among the top fund companies in the past three years. Behind the decline in scale is the "explosion" of performance: in the past three years, only pure debt, currency and primary bond funds have achieved positive returns in the performance of the top 10 fund product lines. It is worth noting that the income ranking of these three product lines is also lower in the industry, all lagging behind the industry average. The performance losses of the four major product lines of hybrid funds, equity funds, closed-end funds, and FOF all exceeded 25%. The more exaggerated QDII and secondary debt funds also suffered losses. Most of the industry rankings of the above product lines are in the bottom 25%.
Ji 'an jinxin
Biehui Tianfu Fund's top ten product line performance and industry ranking in the past three years
Data from the Ji 'an Jinxin Fund Evaluation Center shows that 7 of the 10 product lines of Huitianfu Fund are losing money, and all of them rank low in the industry. For example, the performance of Huitianfu Fund's equity funds in the past three years has been-27baccarateye.2%, ranking 59/88 in the same category; Huitianfu Fund's hybrid fund's performance in the past three years is-25.95%, ranking 107/151 in the same category; Huitianfu Fund's index fund's performance in the past three years is-16.1%, ranking 61/92 in the same category; Huitianfu Fund's pure debt fund's performance in the past three years is 8.65%, ranking 121/133 in the same category; The performance of Huitianfu Fund's FOF funds in the past three years has been-25.29%, ranking 46/48 in the same category; Huitianfu Fund QDII's performance in the past three years has been-10.41%, ranking 24/35 in the same category.
Taking hybrid funds as an example, 76 Huitianfu hybrid funds have been in operation for three years, and only 9 have achieved positive returns in the past three years. There were 5 dogs with losses exceeding 50%, and 24 dogs with losses exceeding 40%, accounting for nearly 32%; there were 31 dogs with losses exceeding 30%, accounting for nearly 41%.