This year's equity market is really not visible.
The people are all green and shining.
Those former top ** managers, this time they really lost miserably.
I pulled the data, and these **managers, who were once smash hits, and the champion** managers of all years, have all fallen into the altar this year.
The average loss of the top *** manager this year has also reached 2013%。Earnings for the past three years. In addition to the championship of the previous two years**, it has been three consecutive years of losses.
From 2021 to the present, the average loss of several bigwigs has reached 3373%。
I took a look at the top 20 ** in terms of scale in the past 2022 and 2023, and in 2023, only the new trend of Chinese businessmen managed by Zhou Haidong will achieve 08% positive return. Everyone else is losing money, with an average loss of 14%, and the overall underperformance of the CSI 300 is -114%。
Among the top 10 tens of billions of declines this year, many of them are former top streamers, such as Liu Gexiang, the former champion ** manager
In the past two years, the people who bought ** have really fallen numbly. It used to fall sharply, and ** will rush to the hot search list, but this year it feels like everyone doesn't care anymore.
This year, many people around me just put ** there, waiting for the return of the capital, and usually do not open an account easily.
Now the biggest contradiction in investment is.
Investor losses are widening day by day, and on the other hand, management fees remain high.
Although the past two years have not been good, the scale has been rising.
Wind information statistics show that the growth rate of the public offering market has slowed down in the past two years, but it still maintains a positive annual growth. As of the end of 2023, the share of the public offering in the whole market is 2648 trillion copies, up from 25 at the end of 202203 trillion yuan, an increase of 579%；
The 2023 annual report data is not out yet, so I only looked at the rate data for the first half of the year.
In the first half of 2023, the public offering of ** "four fees" will still exceed 100 billionUp to 10620.2 billion yuan. 
Think about how big this volume is, this year's public offering ** has earned a total of 570 billion yuan for everyone. (The net asset value of market-wide ** products increased by 1.)72 trillion yuan, minus the scale of new issuance 115 trillion yuan).
More than 100 billion yuan was spent on the four fees in half a year, and it is estimated that it will be about 200 billion yuan for the whole year.
Among them, the management fee cost 7011.6 billion yuan, although down 2 percent year-on-year56%。But this fee still accounts for a lot.
The rate was lowered once in July this year, but the market is not very satisfied.
A few days ago, there was a rumor in the market that the wind of the salary limit order was about to blow to the public offering, and it was rumored that the salary of the manager could not exceed 3.5 million yuan. However, the rumors were quickly refuted.
Everyone thinks that this kind of salary limit is of little significance, and if ** can make money, investors don't mind giving ** manager more bonuses.
What everyone is unhappy about now is that they have lost so much money when they buy it, and the manager has an annual salary of tens of millions and an annual salary of millions.
What everyone hopes is that the management fee is linked to performance, and the company and manager are deeply bound to this.
Otherwise, how many public offerings carry sedan chairs to each other, and take investors' money not for money.
This year, I helped you lift up your performance and attract a lot of investors to come in, even if you lose money later, you don't have to care if the scale is so large.
Many people are greedy and don't sell when they make a profit, and they are even more reluctant to sell when they lose money, and they want to wait for the money to make money before selling. **, the scale will not be bad**.
There are also some ** managers, whose style drifts and blindly follows the trend. This year it was still a semiconductor, and next year it will become a new energy.
This style drifts **, and if it floats a few more times, it will float out the investor's money.
Therefore, in the past few years, everyone still has to keep a tight eye on the money in hand, and in the past two years, it has been mainly based on steady investment.
At most, the index has been falling for 3 consecutive years, and the room for downward investment is quite small, so there should be no problem with regular investment.