Silhouette Of The Most Profitable Fund Managers In 2019: More Than Half Of The Top Ten Of The List Were "Roller Coaster".

Gan Jun photo

Twenty-first Century economic report statistics show that in 2019, the top ten of the top 10 active equity funds were GF double upgrade, GF innovation and upgrading, GFA diversified emerging, Huaan media Internet, Yinhua domestic demand selection, bank growth 30, bank's new economic power, Silver River innovation growth, Noah growth, and flexible return allocation.

Among them, 5 funds yield more than 100%, especially the GF fund manager Liu Gesong alone in the top three.

According to the twenty-first Century economic report reporter combing, the 2019 top ten active equity funds, involving Liu Gesong, Hu Yibin, Liu Hui, Guo Fei, Zheng Weishan, Wang Chuanglian, Cai Songsong and Cai Songsong 8 fund managers. Among them, the 5 funds managed by three fund managers of Liu Gesong, Hu Yibin and Liu Hui doubled in 2019.

Coincidentally, Hu Yibin, Liu Hui, Guo Fei, Zheng Weishan, Wang Chuanglian, Cai Songsong 6 fund managers have brokerage background.

Growth style wins

From the perspective of investment style, Liu Hui, the fund manager of Yinhua's domestic demand, and Wang Chuanglian, Cai Songsong, the two fund managers who jointly manage the 8 fund managers, are of a balanced investment style.

The remaining 5 managers of Liu Gesong, Hu Yibin, Guo Fei, Zheng Weishan and Xiao Ruijin are all growing up.

Technology stocks are hot, and growth fund managers may win.

Similar to Liu Gesong's "billboard", Guo Fei, the fund manager of the Bank of communications Schroder fund, has more than one fund in the top ten of the performance rankings.

In 2019, Guo Fei managed the growth of 30 of the bank and the new momentum of the bank's economy. The performance of two funds was 99.88% and 99.78% respectively, ranking sixth, seventh.

Guo Fei worked in Goldman Sachs (Asia) Limited / Gao Hua Securities Company and joined the Bank of communications Schroder fund in 2014. Since September 26, 2017, he has been a fund manager of 30 of the bank's growth, and has been the fund manager of the bank's new economy since June 2, 2018.

For the performance in 2018, taking the growth of 30 of the bank as an example, Guo Fei managed the fund's performance for -24.34% in the whole year, and did not win the average level of all partial equity hybrid funds.

This is not the case.

The growth of Liu Gesong management and the innovation and upgrading of GFA, the selection of Yinhua domestic demand managed by Liu Hui, the flexible allocation of Xiao Ruijin's management's flexible returns, and the growth of fund such as Wang's management and so on in 2018 were also negative and the average value of similar products was lost.

And then extend the time to 2017. For example, Hu Yibin managed the Huaan media Internet and Guo Fei managed 30 of the bank's growth fund, still earning negative and running the industry average.

In fact, the performance of several top managers in 2019 has not been outstanding in the past two years. From the standpoint of holding positions, the key to the success of several funds this year is heavy duty technology stocks.

Losers turn around

From the position of two funds managed by Guo Fei, the top two of the three quarterly reports in the 2019 quarterly show are top technology and precision. Data show that top technology increased by 163.06% in 2019, and the precision of 2019 was 238.2%.

In the quarterly view, the top ten technology stocks in the three quarter of 2018 and the three quarter of 2019 continued to appear in the top ten major positions in the 30 quarter of the bank.

From the perspective of the industry configuration, the heavy industry of the 30 growth of the bank and the new impetus of the bank's economy is concentrated in the electronics industry. Data at the end of 6 2019 showed that the share of electronic funds held by two funds in the stock market reached 52.09% and 48.7% respectively, far exceeding the average value of the same kind.

Another growth style fund manager, Hu Yibin, is another manager who has doubled the growth style fund besides Liu Ge song.

Hu Yibin managed the Huaan media Internet, whose performance in 2019 was 101.7%.

Although technology stocks are also part of its heavy position, Hu Yibin has shown some differences in configuration.

From the three quarterly bulletin of heavy warehouse in 2019, Hu Yibin's heavy stocks include not only GoerTek shares, LIAN electronics, wave information and other technology stocks, but also Han Rui cobalt, Hua You cobalt and other non-ferrous metal stocks.

Data show that the cold Rui cobalt industry in the three quarterly report in 2019 appeared in the top ten major stocks of Huaan's Internet media, while the cold sharp cobalt industry rose 48.53% in the three quarter of 2019 and the best quarter in the three quarter of 2019.

In Hu Yibin's view, "2019 is the key year for growth style."

Two other growth style fund managers, Zheng Weishan and Xiao Ruijin, respectively managed galaxy's innovation growth and flexible return distribution, and the profits in 2019 were 97.12% and 95.21% respectively.

From the perspective of industry configuration, electronic, computer and so on are two parts of the fund. At the end of the two quarter of 2019, the proportion of Galaxy innovation growth in the computer industry reached 63.7%, and the allocation ratio in the electronics industry was 28.19%, accounting for over 90%.

It is worth mentioning that 8 fund managers also have Liu Hui, Wang Chuanglian and Cai Songsong's 3 balanced investment style fund managers to kill the siege.

Among them, Liu Hui managed Yinhua's domestic demand, and its performance in 2019 was over 100%. Wang and Cai Songsong jointly managed the growth of Noah, which earned 95.44% in 2019.

Liu Hui worked in CITIC Securities, CITIC fund and so on. He joined Yinhua Fund in November 2016 and selected Yinhua domestic demand in March 15, 2017.

In terms of configuration, Liu Hui is also quite different from the previous fund managers.

In 2019, the three quarterly data showed that the fund was easy to innovate, prebiotic shares, Zhongke Shuguang, Minhe shares and Sheng Nong development. Apart from technology stocks, there are more agricultural shares. In the quarterly report, Liu Hui pointed out that the basic framework of the fund's investment is "the new year of agriculture and the first year of science and technology".

In twenty-first Century, the economic report combing reporters found that technology stocks and growth styles became the typical characteristics of gem fund managers in 2019, while the performance of several top fund managers was not stable.

For 2020, whether technology stocks and growth styles will continue is still the biggest variable for several fund managers. However, some institutions are still optimistic about technology stocks. Huatai berry fund, Xinhua fund, Haitong fund and other companies have recently said that they will continue to be optimistic about technology sector in 2020.