Fund performance face fast stability in doubt

2009 Annual Fund performance ranking is about to be announced in half a month, this year, the fund will become the fund company marketing rhetoric. But it must be pointed out that whether the Fund, especially the active partial-stock funds, can bring long-term stability to the holders of the income is outside suspicion.　　Statistics show that the performance of the Fund in the year you sang me on the stage of the phenomenon, many of the year's Performance fund in the second year is often the result of a sharp decline. Although many fund companies in the brand publicity in the Fund's monthly and annual performance rankings, but due to the performance of many performance fund in the next year often appear performance landslide, the stability of the fund performance by the outside world.　　According to Liu Jiping, director of the South Fund's wind control strategy, statistics show that from January 1, 2007 to December 8, 2009, the annual performance of the 130 biased stock funds included in the statistics range is 3, 6, 12, respectively, from the top 30%, the top 40% and the top 50%. "For the partial-stock funds that are actively investing, even the top 50% of the year, many funds are difficult to do." "Liu Jiping yesterday told the Shanghai Securities newspaper that the performance stability of the active partial-stock fund is worse than the statistical results, which means that it is more difficult for investors to choose a good fund than to buy a high-quality stock." "Many of the top 40% funds fell sharply in the following year," he said.　　"he said. From the statistical results found in the last three years, only the Chinese market, China dividend, Citic Dividend three consecutive funds ranked in the top 30%, the first 40% of the fund has only six, in addition to the above three funds, but also includes Huaan Manulife Fund, Morgan Stanley Resource Fund, Hua Bao Xingye Power Combination fund, involving China, Huaan　　, Morgan Stanley Huaxin, Warburg Xingye Four fund companies. Market participants believe that the active fund performance is difficult to stability in addition to the more effective a-share market, fund managers job-hopping and personnel changes also affect the fund's performance. A joint venture fund in Shanghai, such as a partial-stock fund once with the Chinese market, such as four funds to enter the first 30% consecutive years, but later due to personnel changes, recruited a new person as a fund manager, the result of the Fund's performance since the sharp decline. It is worth mentioning that only six of the three consecutive years before the performance of the first 40% of the funds are mostly star fund managers control.