Another fund manager issued an apology for poor performance.

“We are working hard to control the retracement, but the core growth assets have reached the expected volatility, so we are also deeply sorry. The overall fund retracement comparison Big.” On the evening of March 25, Castrol Fund’s star fund manager Gui Kai posted a message on the online platform, “deeply sorry” for the large retracement of the fund’s net value brought about by the market decline after the Spring Festival. Gui Kai said in the article: “We have always been based In the long-term, the shorter-term things are not particularly clear. Many companies, including our holdings, look at them from a longer-term perspective. Therefore, we are still very confident in extending the dimension.”

Regarding the control drawdown, Guikai believes that looking for the best company, in most cases, does not rule out the sharp decline in core growth assets mentioned earlier, and the situation that generally excellent companies exceed expectations. There are still a lot of them, so in most cases the risk of withdrawing is relatively small for an excellent company.

Gui Kai said that in growth assets, the allocation is not oriented towards a certain industry, so he hopes to work hard to broaden the capacity circle of growth assets, such as technology, consumption, In the pharmaceutical and advanced manufacturing sectors, many core growth assets with long-term space are allocated in a relatively balanced manner. To a certain extent, the allocation is relatively balanced. It is hoped that such a strategy can be used to achieve the purpose of controlling the withdrawal.

In addition, at the same time, Guikai also published three other short articles, explaining his own personal investment style on how to make money for investors, the phenomenon of fund grouping, and personal investment style. View. “‘Fund Group’ is a result, The reason behind the grouping is that the company’s business model, competitive advantages, and industry trends have been recognized by most people in the market, so everyone will continue to choose the results of buying behavior on some good companies and good stocks.” Guikai said, ” The phenomenon of fund grouping is not a bad thing, and there may still be certain investment opportunities after structural differentiation.

According to public information, Gui Kai is a master student. Served as a researcher at Guodu Securities Research Institute,Investment manager. Joined Harvest Fund in May 2014 and successively served as investment manager of the institutional investment department and fund manager of the stock investment department. He is currently the investment director of the Harvest Growth Investment Strategy Group.

Wind data shows that Guikai currently has 9 fund products under management (Cartrol core growth A/C shares are calculated separately), with a total scale of 57.1 billion yuan. However, after the Spring Festival, a number of products retracement exceeded 20%. Among them, the two-year holding period of Castrol Vision Select, the two-year holding period of Castrol and the two-year holding period had the highest retracements, all exceeding 22%; Castrol’s core growth A/C and Castrol’s leading growth retracement also exceeded 20%. For heavy stocks, according to statistics from Tiantian Fund.com, As of the end of 2020, the top three major stocks of Guikai’s current fund are Mindray Medical (300760), Glodon (002410), and China Ceramic Materials (300285), with a market value of 3.8 billion yuan, 3.6 billion yuan and 3.4 billion yuan respectively. yuan. In fact, this is not the first occurrence this year The fund manager apologized publicly.

After the Lunar New Year, the A-share market fluctuates sharply, and the core asset stocks that are heavily stocked by institutions have suffered a heavy setback, and the net value of many fund products that are heavily stocked in this style of stocks has retracted sharply .

“We are deeply disturbed”, “I hope everyone will give us some time”… Late on the night of March 4, due to the substantial drawdown of the net value of the new fund, Hui’an Fund Urgently issued a 740-word “Letter of Apology”.

The letter of apology stated: “Based on the long-term optimism and short-term liquidity judgment, the investment layout was determined. However, during the Spring Festival, the price of resource products increased. As a result, inflation expectations have risen, panic has spread, and market volatility has suddenly increased. As a result, the net value has also seen a large retracement.”

Hui’an Fund said that despite the large amount of funds Retracement, but still firmly believe that many long-term tracks and assets have fallen to better prices, and begged investors to give some more time.

The net value of the fund fell from the initial 1 yuanTo 0.8244 yuan, Hui’an Balanced Advantage Hybrid Fund only took 12 trading days.

In the letter of apology, Hui’an Fund also reiterated that under the drastic market fluctuations, long-term tracks and assets such as new energy, photovoltaics, and military industries have begun to fall better. s price. Stick to the long-termism, stick to the long-term track without drifting, firmly relocate to China, and beg everyone to give us more time.