Metropolis Express report The first full week of the long holiday of November is the prime time for fund companies to “seize” the market.
In terms of incremental funds: 50 new funds have been issued successively this week, which is the most “lively” one recently. In terms of stock funds: after the beginning of the fourth quarter, many star fund managers have re-arranged and adjusted their positions, and new styles of play are emerging.
50 new funds are issued this week, led by Zhou Weiwen and Li Jing
According to Wind statistics, from October 11th to October 15th, 50 new funds were issued. This is the largest number of releases in recent weeks. In addition, continuing the pre-holiday style of “a hundred flowers blooming” in a variety of fund products, there is no absolute protagonist in the new base market this week. Equity-based, debt-based, and ETF products have all been newly issued, and the number is large.
At the same time, after a few weeks of “rest”, the “top-stream” and “backbone” fund managers of various fund companies have also begun to make moves. Including the “senior veteran” Zhou Weiwen of China Europe Fund, Li Jing of Dongfanghong Asset Management, and the “star fund manager” Xing Tao who just joined Cinda Australia Bank, all brought new funds this week.
In the current public offering market, the “veteran” who has managed funds for more than 14 years and is still active in the front line, Zhou Weiwen of CEIBS is one. Zhou Weiwen, who joined the industry in 1999, is almost a peer in the mutual fund industry and a value group. The so-called value school means that Zhou Weiwen usually prefers varieties with low valuations and reverse adversity rather than chasing hot spots. This is a major difference between him and many “first brothers” and “second brothers”. In the past two years, Zhou Weiwen’s scale has been expanded by reliance on stock purchases. This week’s new fund is Zhou Weiwen’s first new product in the past two years. It still needs to be observed how this product performs in the shocking market.
Another fund manager worthy of attention is Li Jing of Dongfanghong Asset Management. Public information shows that Li Jing joined Dongfanghong Asset Management after graduating from Fudan University in 2008. In December 2013, Li Jing began to manage collective asset management products and achieved outstanding performance. In the year when Lin Peng rushed to the top of the public fundraising championship, Li Jing also won a special account. In March 2020, Li Jing brought his special account products to transform into public offerings. He managed the first public offering product Dongfanghong Qidong three-year holding period fund, after a year and a half after the transformation, the return on employment was 87.68% (as of October 8).