"Electric Eel Finance" article Gao Wei.
There are still 5 trading days left, and the 2023 trading of A-shares will come to an end. In this atypical market, the public offering in 2023 will once again underperform the market, continuing its performance in 2022.
Out of a comparable 4,400 active bias stocks**, NORD's NORD Preferred 30 Blend is -50The return rate of 87% is the lowest one;At the same time, since 2021, the net value growth rate of this ** weighted unit has been -7521%, and the penultimate seat will be seated.
The manager of Nord Preferred 30 Mixed ** is Niu Zhiyuan, who actually lived as a "Xiong Yongsui".
In the past three years, the loss has exceeded 75%.
According to Straight Flush data, as of December 22, the average return of 4,400 active stocks** this year was -1573%, comparable to the average return since 2021 I -2740%γIt is worth noting that since the beginning of this year and in the past three years, the penultimate performance has always been the Nord Preferred 30 Blend under NORD.
In terms of annual growth, NORD Preferred 30 Blend has underperformed the average performance of its peers every year since 2019. Among them, the return rate in 2019 was 1545%, compared to an average return of 45 per cent over the same period13%;In 2020, the ** return was 3192%, but still underperformed the same category **5764% average return;In 2021, the ** showed a contrarian performance**, with an average performance of 7Against the background of 45%, the ** return is -1455%;In 2022, the loss continued to widen, with a return of -4094% with a peer class average of -2082%γ
According to industry insiders, if the annual return rate of a partial stock ** is at the bottom of its peers, it at least indicates that there are at least the following problems:
First, it may be that the investment strategy is improper or the management ability is insufficient, and the manager may not be able to accurately judge the market trend, or be unable to effectively manage the risk of the portfolio;Second, the investment style of the first company does not match the current market environment, which directly leads to poor performanceThe third is that partial stocks usually invest in the market, with a higher risk, if the manager is too risky, investing in high-risk or other assets, it may lead to greater volatility and unstable performanceFourth, the operation of the company may also affect the performance, such as high operating costs, unreasonable fee structure or poor customer service, which may lead to investors losing confidence in the company, thereby affecting the performance of the company.
Niu Zhiyuan was powerless to return to the sky.
According to the observation of "Electric Eel Finance", the current ** manager of Nord Preferred 30 Mix is Niu Zhiyuan, who has been managing the ** since August 2022. According to the data of Tiantian**.com, Niu Zhiyuan is a three-star ** manager, with a cumulative tenure of 1 year and 136 days, and the current **asset scale is 01.9 billion (1**).
I have to say that Niu Zhiyuan's only position has become lonely, and the funds of less than 20 million yuan make it possible for ** to be liquidated at any time.
Zhiyuan Niu is a Ph.D. in Materials Science and Engineering from The Ohio State University, and was a researcher in the machinery industry of Great Wall Co., Ltd. In April 2019, he joined NORD Management as a researcher in the mechanical new energy industry, with the highest qualifications. On August 9, 2022, he was appointed as the manager of Nord Preferred 30 Hybrid Investment.
In the third quarterly report of Nord Preferred 30 Mixed **, Niu Zhiyuan did not reflect deeply, and was still talking to himself: "We have noticed that since the third quarter of this year, macroeconomic data has picked up to a certain extent, and at the same time, real estate-related policies have been intensively introduced, and we are more optimistic about stable economic growth." We believe that the current destocking of the manufacturing industry may be nearing the end, the economic recovery is good, and some pro-cyclical varieties have begun to have left-side allocation value. In addition, we will also pay close attention to the potential opportunities brought by artificial intelligence technology and the reshaping of the global ** chain to China's manufacturing industry, and will continue to selectively allocate relevant targets based on the comprehensive competitiveness, growth, and valuation cost performance of enterprises. β
Electric Eel Finance believes that in the face of huge losses, it is an irresponsible attitude for managers not to reflect, which may damage the interests and trust of investors. When there is a loss, the manager should first take responsibility and reflect on whether there is a problem with his investment strategy and management style. If you are unwilling to reflect, it may indicate that the manager lacks a sense of responsibility and does not pay enough attention to the interests of investors. When underperforming, managers should review whether their investment philosophy and strategy are appropriate to the current market environment and whether there is room for improvement. If you are unwilling to reflect, it may indicate that the manager has limitations in his or her own abilities and cognition, and is unable to respond effectively to market changes.
When there is a loss, the manager should take the initiative to communicate with the investor, explain the reason and explain the next steps. Introspection is about identifying problems and finding ways to improve.
Electric Eel Express