市场要闻

Average return of equity funds raised 40% in 2019! The list of public funds

  • 2020-01-05 19:05
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In 2019, A-share experienced a structural bull market, and so did public funds. 99% of the funds achieved positive returns, and 55% of the fund's return exceeded 10%.

Preferable policies help the market performance, such as trial implementation of MOM products, development of investment consulting business, launch of innovative products such as floating net value cargo base, amortized cost method debt base, commodity futures, etc., quantitative hedge funds and floating rate funds "open", 100 billion science and technology innovation theme funds enter the market, and gradually accelerate the opening and innovation.

Driven by both investment income and favorable policies, the public offering market is booming, and the share raised by new development fund reached a record high of 1.43 trillion Yuan in the year, including over 500 billion Yuan of partial equity funds. Behind the boom is investors' affirmation of the overall performance of public funds this year.

Wind statistics shows that as of December 31, 2019, the average return of all funds is 22.41%, and the average return of all kinds of funds is positive. The average return of equity funds is the highest (39.61%), followed by hybrid funds (32.04%). Mainly due to the good performance of the A-share market, especially in the information technology, daily consumption industry, and the opening of the STAR Market, the stock funds have benefited significantly.

Notes: Fund average returns of 2019 are used and funds founded in 2019 are not included; NAV ended by 2019-12-31 for most funds, 2019-12-30 for FOF and QDII. Same for the rest of the report.

Funds’ performance

In terms of specific fund, the champion of this year is GF Shuangqing upgrading (hybrid fund), with a yield of 121.69%. In terms of classification, the champion of active equity fund is GF diversified emerging (106.58%); the champion of index equity fund is China Merchants Securities liquor (86.82%); the champion of bond fund is south Xiyuan convertible bond (38.95%); the champion of short-term pure bond fund is China Merchants Xinyue medium short bond (5.04%); and the champion of long-term pure bond fund is Penghua Fengrong (11.29%).

01.2019 Active Equity Fund Performance Ranking

Among the active equity funds, GF Multiple Emerging Equity Fund, managed by Liu Gezhen, won the title with a yield of 106.58%, while First State Cinda New Energy Industry Equity Fund, managed by Feng Mingyuan, followed with a yield of 94.11%, and Tianhong Culture Emerging Industry Equity Fund, managed by Tian Junwei, ranked third with 87.84%. It is worth noting that the average yield of active equity funds is 47.94%, which is significantly higher than that of CSI 300 (36.07%).

Notes: Funds founded in 2019 are not included; Funds experienced abnormal NAV fluctuations in 2019 are not included; Initial fund class is used; Same for the rest of the report.

02. 2019 Hybrid Fund Performance Ranking

Among the hybrid funds, GF Double Engines Upgrade Hybrid Fund won the title, with a yield of 121.39%, followed byGF Innovation Upgrade Dynamic Allocation Hybrid Fund, with a yield of 110.37%. Liu Gezhen became the "king of public funds" this year, yields of the products under his management raise more than 100%. Referring to the latest quarterly report, he mainly concentrated on science and technology stocks and preferred growth style.

Notes: Funds experienced abnormal NAV fluctuations in 2019 are not included.

03. 2019 Equity Index Fund Performance Ranking

China Merchants CSI Liquor Index Structured Fund leads other index funds with a yield of 86.82%, ranking first in 2016 and 2017 in the same category. It is worth noting that the average return of index stock fund is 34.48%, slightly lower than that of CSI 300 (36.07%).

Notes: ETF feeder funds are not included.

04. 2019 Bond Fund Performance Ranking

The stock market is booming, and the convertible bond market is also good. Most of the top 20 funds are convertible bond funds. China Southern Convertible Bond Fund managed by Liu Wenliang has the best performance, with a yield of 38.95%.

Notes: Funds experienced abnormal NAV fluctuations in 2019 are not included;ETF feeder funds are not included.

05. 2019 Short Term Pure Bond Performance Ranking

Compared with this year's equity funds good performance, the medium and short-term boond funds is relatively inferior. China Merchants Xinyue Mid-Short Term Bond Fund, a medium and short-term bond fund, jointly managed by Liu Wanfeng and Guo min, ranks first with a yield of 5.04%.

Notes: Bond portfolio durations are betweeen 1 and 3 years.

06. 2019 Mid-long Term Pure Bond Performance Ranking

This year's bond bull market continues. Stable investors are more optimistic about pure bond funds with the advantages of "risk aversion + value-added", especially medium and long-term pure bond funds, which are indispensable in asset allocation. Penghua Fengrong Regular Open Bond Fund, managed by Liu Tao, ranks first with a yield of 11.29%.

Notes: Convertible funds are not included.

07. 2019 Long-short Equity Fund Performance Ranking

There are only a few hedge funds in China's market, and the best one of this year is GF Hedge Arbitrage Regular Open Hybrid Initiating Fund, with a yield of 15.37%, jointly managed by Zhao Jie and Chen Zhenpu, the former Haifutong alpha hedge fund manager.

08. 2019 QDII Active Equity Fund Performance Ranking

This year, the performance of QDII fund is excellent, FTS Asia Opportunity Equity Fund

, managed by Xu Cheng, ranks first with a yield of 32.38%. In the era of large asset allocation, QDII funds play an obvious role in sharing investment opportunities in overseas markets and diversifying investment risks in the single market.

Notes: NAV ended by 2019-12-30

09. 2019 QDII Equity Index Fund Performance Ranking

The U.S. stock market shows no sign of stopping, with the Dow, S&P 500 and Nasdaq hitting new highs one after another. E Fund S&P Information Technology Index Fund(LOF) managed by Fan Bing and Liu Shurong has become the most profitable QDII fund this year with a yield of 47.61%.

Notes: NAV ended by 2019-12-30

10. Top 20 of hybride funds' performance

QDII hybrid funds not only invest in stocks, but also in bonds, funds and other securities. Some well-run hybrid funds have more returns than equity funds. Huitianfu global consumer a, jointly managed by Hu Xinwei and Zheng Huilian, ranks first with a 46.86% yield, Huaxia mobile Internet managed by Liu Ping ranks second with a 44.15% yield, and southern Hong Kong managed by Huang Liang ranks third with a 38.66% yield.

11. 2019 QDII Bond Fund Performance Ranking

Manulife Teda Asian Bond Fund, jointly managed by Li Anjie and Shi Jing, has become the most profitable QDII bond fund this year with a yield of 14.19%.

Notes: NAV ended by 2019-12-30

12. 2019 FOF Performance Ranking

Since the first batch of FoF products came out at the end of 2017, after two years of development, many fund companies have adhered to a stable layout in terms of FoF products. In 2019, the equity market demonstrated a structural bull market, and the partial equity FoF achieved better performance. First Seafront Yuyuan Hybrid Fund Of Fund, jointly managed by Suxin and Yang Delong, ranks first with a yield of 40.47%, while HFT Juyou Selected Hybrid Fund Of Fund, the first domestic fof product that focuses on equity fund investment, ranks second. (net value date to December 27, 2019)

Notes: NAV ended by 2019-12-27

13. 2019 Active Quantitative Fund Performance Ranking

Among the 174 active quantitative funds, Fuxin, Caitong Multi-Strategy Fuxin Regular Open Dynamic Allocation Hybrid Initiating Fund, Zhonghai Quantitative Strategy Hybrid Fund and Rongtong New Trend Dynamic Allocation Hybrid Fund are the best performing ones, with revenues of 71.94%, 68.80% and 60.05% respectively.

14. 2019 Healthcare Theme Fund Performance Ranking

Among the 77 medical theme fund, the best ones are Rongtong Health Industry Dynamic Allocation Hybrid Fund, Bosera Health Care Hybrid Fund and GF Health Care Equity Fund, with the revenue of 86.88%, 84.10% and 82.95% respectively. "Drink and take medicine to cure all kinds of disobedience".

15. 2019 Consumption Theme Fund Performance Ranking

Consumption is an eternal investment theme, food, clothing, housing and transportation is the most basic demand of human society, with a long life cycle, coupled with the overall trend of consumption upgrading, the industry will continue to emerge good investment opportunities in the future. The Yinhua Consumption Theme Hybrid Fund managed by Bo Guanhui leads other funds with an 80.80% yield.

16. 2019 5G Concept Fund Performance Ranking

2019 is the first year of 5G. License issuance, network construction by operators, and terminal launch have all been completed according to the scheduled plan. It can be predicted that more and more users will begin to experience 5G network in 2020. Huaan Media Internet Hybrid Fund managed by Hu Yibin has the best performance with a yield of 101.70%.

Notes: Fund concept determined by holdings

17. 2019 Sci-Tech Theme Fund Performance Ranking

On September 6, the Ministry of industry and information technology issued the implementation opinions on promoting the quality improvement of products and services in manufacturing industry. It is mentioned that promoting the information technology industry to the middle and high end makes the market mood high and the market of science and technology stocks "boundless".

18. 2019 Blockchain Concept Fund Performance Ranking

On October 24, block chain technology became a national strategy, which requires strengthening the research on block chain standardization and enhancing the international voice and rule-making power. Block chain is not only an innovation in technology to the society, but also a major adjustment of production relations to adapt to higher productivity.

Fund company

The product guidance of MoM was put on trial in December. Compared with FoF's evaluation of fund managers, MoM needs to be judged from the perspective of the company. From the perspective of fund company's performance in recent one year, three years and five years, the average income of large-scale fund company is higher, which also shows that large-scale fund company's investment research strength is strong, it can grasp the market dynamics in time and get better benefits. In the long run, the performance of Shanghai fund companies is better, such as Bank of communications Schroeder and huitianfu.

19. 2019 Aggressive Fund Company Performance Ranking

We selected the three funds with the best performance this year to seek the average return. GF Fund Management Co.,Ltd. performed the best, with an average return of 112.88%, followed by Bank of Communications Schroder Fund Management Co.,Ltd., with 97.38%.

Notes:Aggressive Allocation Funds include equity funds (index funds excluded) and hybrid funds(Moderate Allocation Funds excluded) ; QDII funds are not included;Number of Aggressive Allocation Funds should be >=3 for each company, and the product average return refers to the arithmatic average return of the top 3 performance Aggressive Allocation Funds for each company.

20. 3y Aggressive Fund Company Performance Ranking

For a long period, we select three funds with the best performance in past three years to seek the average return. In the first two years, the performance of Invesco Great Wall Fund Management Company Limited continued to lead, with the average yield of 107.58%, annual yield of 27.56%, followed by E Fund Management Co.,Ltd. 102.52%.

Notes:Product average return refers to the arithmatic average return of the top 3 performance Aggressive Allocation Funds for each company.

21. 5y Aggressive Fund Company Performance Ranking

We select three funds with the best performance in recent five years from each of our partial active funds for average return. The performance of Bank of Communications Schroder Fund Management Co.,Ltd. is the best, with an average return of 203.76%, an annual return of 24.88%, followed by China Universal Asset Management Co.,Ltd., 194.48%.

Notes:Product average return refers to the arithmatic average return of the top 3 performance Aggressive Allocation Funds for each company.

Long term performance

In October this year, the pilot project of fund investment and investment started, and the buyer's intermediary agency representing the interests of investors will usher in development opportunities. In the process of product optimization, the buyer's investors pay more attention to the funds that can continuously obtain positive returns.

22. 3y Aggressive Allocation Fund Performance Ranking

HFT Domestic Demand Hotspot Hybrid Fund managed by Huang Feng is the best, with a yield of 130.53% and an annualized yield of 32.10% in the past three years. The second is First State Cinda New Energy Industry Equity Fund managed by Feng Mingyuan, 126.88%. Invesco Great Wall Emerging Growth Hybrid Fund managed by Liu Yanchun ranked third and fourth respectively.

Notes:Aggressive Allocation Funds include equity funds (index funds excluded) and hybrid funds(Moderate Allocation Funds excluded) ; QDII funds are not included;

3y period: 2017-01-01~2019-12-31

23. Aggressive Allocation Fund Performance Ranking(Top 25% for the last 3 consecutive years)

We selected the top 25% of the three consecutive annual performance of partial active funds in 2017, 2018 and 2019 in the same kind of funds. Although there is little change compared with the above, it also shows that the performance of the listed funds is very stable.

Notes:Aggressive Allocation Funds include equity funds (index funds excluded) and hybrid funds(Moderate Allocation Funds excluded) ; QDII funds are not included;

3y period: 2017-01-01~2019-12-31

24. 5Y Performance Ranking- Aggressive Allocation Funds

China Universal Consumption Sector Hybrid Fund, managed by Hu Xinwei, has the best performance in the consumer industry, with a yield of 240.09% and an annualized yield of 27.74% in the past five years. The second is the Bocom Schroders Advanced Manufacturing Hybrid Fund managed by Liu Peng, 204.58%.

Notes:Only Aggressive Allocation Funds are included;

5Y period: 2015-1-1~2019-12-31

25. 10Y Performance Ranking- Aggressive Allocation Funds

He Shuai's Bocom Schroders Advantage Industry Dynamic Allocation Hybrid Fund has the best performance, with a yield of 373.31% and an annualized yield of 16.82% in the past 10 years.

Notes:Only Aggressive Allocation Funds are included;

10Y period: 2010-1-1~2019-12-31

Funds' manager

"Choosing a fund is choosing a fund manager" is the consensus of many people in the fund industry. There are 2128 fund managers in the current public fund market, less than 1/3 of which are active managers of partial stocks, and even fewer are fund managers with good continuous performance.

26. 3y Aggressive Allocation Fund Manager Performance Ranking

The top three fund managers are Haifutong Huangfeng, Xinda Aoyin Fengmingyuan and Jingshun Changcheng Liu Yanchun.

Notes:Only Aggressive Allocation Funds are included;

3Y period: 2017-1-1~2019-12-31

Note: for the same fund manager, only the representative fund is taken

27. 5y Aggressive Allocation Fund Manager Performance Ranking

The top three fund managers are Wang Chong of BOCOM, Lin Peng of Dongzheng asset management, and Xiao Nan of E fund.

Notes:Only Aggressive Allocation Funds are included;

5Y period: 2015-1-1~2019-12-31

Note: for the same fund manager, only the representative fund is taken

1. Only the funds that have been established for one year or more are counted;

2. The same fund contains multiple share codes, only the main code is taken;

3. Except for the special fund, the net value is up to December 31, 2019. In particular, QDII fund is up to December 30, 2019, and part of the net value of fof fund is up to December 27, 2019;

4. Excluding the abnormal fluctuation fund caused by large redemption in the year, ETF feeder fund and bond fund from mixed transformation.

Abnormal performance funds

Galaxy Jiutai Pure Bond Fund, Galaxy Jiayu Pure Bond Fund, V.Stone Yuan Hybrid Fund, Manulife Teda Yili Bond Fund, CICC Ruixiang Dynamic Allocation Hybrid Fund, Qianhai Alliance Tianhe Pure Bond Fund, Qianhai Alliance Yongyi Pure Bond Fund, Penghua Fengying Bond Fund, Penghua Fenghua Bond Fund, Jiangxin Tianfu Bond Fund, Orient Zhenbao Pure Bond Fund, Changxin Lifa Bond Fund, First Seafront Dingxin Bond Fund and Fortune Royal Value Selected Dynamic Allocation Hybrid Initiating Fund, 15 funds have an abnormal one-day net value increase this year. The size of the fund has a great impact on the ranking of the fund. Wind Info. has optimized the algorithm of this kind of fund from the perspective of the actual investment and research ability of the fund. By adjusting the right recovery factor, the abnormal one-day increase of the fund has been erased, making the ranking more valuable for reference. Welcome to exchange.

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