The fund industry once made those investment managers unlimited, and became the largest subject of asset management with the scale of banking financial management.In addition to advantageous gimmicks, the stock market is the most important way for the preservation and appreciation of family wealth and value -added in the next ten years. It also plays a huge promotion role. Fund naturally is the most effective way and means to indirectly invest in the stock market and obtain the stock market value -added dividends.Essence
But the result?However, the fund industry has a phenomenon that makes people laugh: The original intention of the fund industry was to gradually get rid of the stock markets dependence on the stock market through an institutionalized and professional operation, and to achieve the stability of the stock market through the retail households.In the end, the various operations of the fund appeared in the trend of retail investors to fund.At the end of last year, the public offering funds and private equity funds almost collapsed. In 2023, the funds were closed. A large number of funds encountered a redeemed crisis liquidation and cancellation. More and more funds were facing a big problem.
What is the stock market to go to retail householdization and retail households?
The stock market derived from a misunderstanding of the fund industry and the positioning of the fund.At the beginning, the strong development fund was because my countrys stock market retail investors accounted for too much, and the number of retail investors in the stock market accounted for 99%. As the "herd effect" of investment was not good in the stock market, it was easy to form collective selling stocks. Stepping in the stock market appears. If retail investors can invest in purchasing funds and convert them into institutional investors, the stock market will be more stable and effective.Therefore, vigorously promoting fund issuance is to guide retail investors to hand over the funds of the investment in the stock market to professional fund managers and fund companies to manage, and ultimately achieve the purpose of going to retail investors.The reality has indeed achieved very good results. As of the second quarter of 2020, my countrys public fund management scale reached 16.9 trillion yuan, and the management scale of private equity funds reached 14.9 trillion yuan.According to the latest data of the China Fund Industry Association, as of the end of October 2023, the net value of the public fund assets of public fund in my country reached 2.738 trillion yuan.
It should be said that how full of ideals are, the phenomenon is sensible.Imagine how beautiful it is, the reality is how many faces, and retail investors gave the fund industry a loud slap.The fund industry is constantly working hard to go to retail, but retail do not seem to buy it, and they have begun to go to fund.What are retail investors going to fund?In simple terms, more and more retail investors have begun to choose not to invest in funds, redeem from fund investment, and directly participate in stocks and other investment.According to the data in 2023, all 15 funds failed to issue, and more than 20 public offerings were not issued. There were 237 funds in the market liquidated.
retail investors began to choose to stay away from the fund, and put their own funds into the fields of bank deposits, government bonds, gold, stocks, bonds and real estate.Instead, the industry lost the important customer group of retail investors, and quickly realized the reality of de -fundamentalization.
The fundamental reason for the second retail investor to go to the fund is a substantial loss of investment income of the fund industry, which is seriousIt hurts investors feelings and lost trust in fund investment
Why do retail investors go to fund?Of course, because the investment fund loses money.Because any investment cannot make money, it will lose any value of investment.
In 2022, the overall loss of public funds was 1.45 trillion yuan. In 2023, the loss of 434.678 billion yuan in 2023, of which the mixed fund losses was 187.281 billion yuan, and the stock fund losses were 145.288 billion yuan.This is the money of retail investors!
Data show that at the end of 2022, the total market active equity fund of the entire market lost 1.28 trillion yuan, only 4.34%of the active equity funds received positive income, and more than 95%of the rest were all.For losses, the overall loss of public funds reached about 1.45 trillion yuan.However, the fund industry told investors to temporarily phenomena, because the stock market is not good, and it is normal to lose money.
In 2023, the fund industry continued to continue the main tone of losing money. As of October 23, 2023, there were 13,929 public fundraising funds in A shares, of which 11,140 accounted for 80%Of the funds yield this year is negative.The fund industry is still perfunctory with the bad stock market, and there is no reflection and review at all of the investment losses caused by investors.And those long -term funds have caused heavy losses to investors. In 2020, a total of 39 funds with three years of holding periods were issued. At present, 37 returns in the past three years have been lost, with a maximum degree of loss reached 38%.The loss of 21 funds has reached more than 20%.
According to the statistics of Wind, of the 3125 funds statistics in the past two years, the number of funds with a loss of more than 30%of the year is as high as 1,590, accounting for half of the number of funds.During the two years, the fund with the largest losses fell as high as 66.28%.Some netizens questioned that the degree of losses they invested in their own investment reached more than 90%.
Some netizens said that the fund they invested was robbed by robbers?! Netizens spent 5,000 yuan in 2016 to invest in fund products, and now there are only 1325 yuan left. Funds that have invested in seven years should not say investment income, even the principal has shrunk by 73.5%!Is the level of a fund manager with more than ten years of fund management experience?
The goalization of the stock market retail investors has led to the severe winter of the fund industry in my country. Speed up.As a result, de -rescrativeization of the fund industry has been alienated into a de -funded fundization.
Article 3 The root of truly leading to the fund industry is the death of the fund industry and the design defect of the fund industry. ThisIt is the fundamental that the fund industry must reflect and review the fundamental fear that
Although the fund investment loss is the root of the de -fundization of retail investors, but if we analyze in -depth analysis, we will be able to analyze it.It is found that the root cause of the fund industrys loss is that the self -awareness of the fund industry has deviated and the design defects of the fund industry, which has led to the unscrupulous investment of the fund investment and the indifference to the rights of investors. In the end, it really lost the trust of investors.
First, the fund industry does not reflect the operating advantage of institutionalization and professionalization, and does not provide more stable and professional investment services for retail investors. On the contrary, some fund managers, some fund managers,Stiring the interests of investors for their own interests.In order to pursue short -term high returns, some fund managers have adopted excessive aggressive investment strategies to invest a large amount of funds into high -risk and high -yield projects. Once the market fluctuates, it will cause huge risks to investors; there are still someIn order to expand the scale and increase the popularity, the fund manager adopted improper means to exaggerate publicity and misleading investors, which eventually seriously harmed the interests of investors.
Second, 2023 Fund investors finally discovered a reality: fund investors lost money but fund managers made a lot of money. Fund management companies and fund managers are not responsible for investors. More importantly, no matter whether the investors money is a large amount of money, the fund must charge a huge amount of management fees.The fund manager lost a lot of money on the fund of retail investments on one side, but on the other hand, he took a lot of management fees to hold the huge salary of drought and flood guarantee.
Data show that at the end of 2022, the accumulated losses of the active equity funds of the entire market at the end of 2022 had a total loss of 1.28 trillion yuan, and the overall loss of public funds was about 1.45 trillion yuan.However, the management fee taxed by the fund company exceeded 140 billion yuan, which was slightly improved from 2021.
and some fund managers, especially star fund managers, have lost their final trust, investing a lot of investment in fund investors, and charging a lotAfter getting a high income, I resigned directly and left it. In 2023, at least 269 public fund managers left office. The goddess Ge dusted to retire investors at the end of September 2023 and caused a loss of 23.4 billion yuan in retail investors.Walking 3.3 billion management fees.The successor of the successor manager is either poor qualifications or short -term time. In 2024, 44.25%of the fund managers fund managers have been in office for less than 3 years; such fund managers, do you really dare to give him money to invest in you, do you really dare to invest in you?Intersection
Third, retail investors finally understand a basic reality: Fund is not a professional person at all, but not professional people doing professional pit funds investorsThis is the last straw that crushes retail investors to trust the fund.If the fund investment losses can be understood, the fund management losses also charge management fees and it is difficult to understand all the losses by investors.What is more difficult to tolerate is that the reason for the investment loss of the fund is that some fund managers take over.At the end of last year, Liu Mouzheng, the manager of the Star Fund of the Guangfa Fund, took 6 shares at a high level. It caused 30 billion losses to investors in 3 years and received 1.2 billion management fees!What secrets are hidden in it?Is there any benefit transportation and other hidden feelings?Liu Mouzhengs fund products have lost more than 30%of the products, and the total loss of 9 products has been 33.199 billion yuan since 2022. In addition to charging a management fee of 1.254 billion yuan, six stocks have been received at a high level.Da Cheng Fund Manager Xie Moule suddenly resigned during his closed -term closure period. Buying two of his poor stocks before leaving, obviously did not meet the investment strategy.In 2023, there were 30 funds with a loss of more than 20%of the Southern Fund, with a cumulative loss of 39.929 billion yuan and the management fee charged as high as 2.628 billion yuan.Set the foundation ?
Fund becomes the biggest joke, and wanted to go through the fund through the fund, and the final result became a de -funded fund.It is because the fund industry has changed from a stable and reliable investment tool to a risk and uncertain investment tool. Losing the trust of investors is an inevitable result.The fund industrys self -dying and various conscience operations have formed fundamentally destroying the fund industry.Dont try to educate retail investors, because the fund industry is not worthy at all. (Qi Jian said finance)
- Viewpoint->
