"Dian Eel Finance" text/Gao Wei
By accident, this fund company created another history!
On February 28, China Life Security Fund disclosed the China Life Security High-end Equipment Stock-type Initiated Fund Contract Effectiveness Announcement . The total number of valid subscription households was only 5. The net subscription amount during the China Life Security High-end Equipment Stock Initiation Type A was 10,000,002 yuan, and the net subscription amount during the China Life Security High-end Equipment Stock Initiation Type C was 24.00 yuan. China Life Insurance’s new fund has raised a total of 10.00026 million yuan. Among them, China Life Security Fund subscribed for 10 million yuan, and four of its own employees subscribed for 26 yuan. There was no subscription by external investors. .
Coincidentally, on March 14, another new fund under China Life Security was established. The scale of the initial issuance of China Life Security Digital Economy stocks was 10.0012 million yuan, with a total of 4 subscriptions. In addition to China Life Security Fund and company employees' self-purchase In addition, the scale of external fundraising is only 996.02 yuan.
This wave of operations of China Life Security Fund has been recognized by the market as a completely self-directed and self-performed "self-hyper show". Among the six similar funds recently raised and established, the company has subscribed as much as 99.99% with its own funds.
The issuance of funds relies entirely on "self-purchase"
The frequent "self-pleasure shows" did not embarrass China Life Security Fund, but made others embarrassed. It seems this phenomenon is here to stay. Fund companies also boast that they are trying to "boost the market."
Open the official website of China Life Security Fund. The fund company has "spoiled" on December 11, 2023, saying that the company will establish China Life Security Preferred State-owned Enterprise Stock Sponsored Fund on October 24, 2023. On November 6, 2023 The China Life Security New Materials Equity Equity Fund was established. On November 8, 2023, the China Life Security Advanced Manufacturing Equity Equity Fund was established. On December 7, 2023, the China Life Security Quality Consumption Equity Equity Fund was established. The article at the time stated that China Life Anbao used 40 million yuan of its own funds to participate in fund investments and used "real money" to convey a "stick to it" signal to investors. It also said that this move reflected the mission and mission of institutional investors in the capital market. Take responsibility.
"Dian Eel Finance" further checked showed that only 5 households subscribed for the China Life Security Preferred State-owned Enterprise Stock Initiative. China Life Security Preferred State-owned Enterprise Stock Initiative A and China Life Security Preferred State-owned Enterprise Stock Initiative C raised 10,000,009,960,200 yuan respectively. , 1011.01 yuan, and the total net subscription amount during the fundraising period was 10.00200703 yuan; only 4 subscribers subscribed for the China Life Security New Materials stock launch, China Life Security New Materials stock launch a and China Life Security New Materials stock launch b respectively. The net subscriptions were 10.0099702 yuan and 10.00 yuan, with a total raised amount of 10.001007.02 million yuan; 5 households subscribed for the China Life Security Advanced Manufacturing stock launch, China Life Security Advanced Manufacturing stock launch a and China Life Security Advanced Manufacturing stock launch b respectively had a net subscription Subscriptions amounted to RMB 10,009,9802,000 and RMB 2,100.02, with a total raised amount of RMB 10,003,098,020; 4 households subscribed to the China Life Security Quality Consumer Stock Initiative, China Life Security Quality Consumer Stock Initiative A and China Life Security Quality Consumer Stock Initiative B respectively had net subscriptions 10,004,9801 yuan and 2,000,000 yuan, with a total raised amount of 10,006,9801 yuan.
Obviously, the so-called 40 million yuan of China Life Security Fund’s own funds to participate in the subscription of new funds actually raised a total of 40,006,810,080 yuan, and the company’s self-purchased funds accounted for 99.98%. If you include these two funds since this year, the free funds are 20 million yuan, and the total amount raised is 20,001,226 yuan. Calculated in this way, the company's free funds accounted for 99.99% of the six equity-type sponsored funds issued and established by China Life Security Fund.
plot difference is also poor.
is observed according to "Electric Eel Finance". The so -called poor plot poor is the current market environment. The fund company itself has the investment management capabilities of the fund company; the poor acting skills refer to the specific fund manager.
The advantage of sponsored funds is that the threshold for establishment is low, which effectively avoids the failure of fund issuance due to a weak market. But precisely because of the weak market, it is often difficult to raise funds. Industry insiders said that for China Life Security Fund, its management performance is only average.
According to Flush Data, the partial stock fund under China Life Security Fund has an average return rate of -13.04% in the past year, slightly beating the average performance of its peers -13.84%. In the past five years, the average return rate of the partial stock funds under China Life Security Fund was 20.93%, but it far underperformed the average performance of similar funds of 27.56%. From the perspective of the fund manager who sang "protagonist", the first raising of the National Life Security High -end Equipment Stock Initial Fund, which was raised at 26 yuan, is Yan Yang, but he is a new fund manager. As of March 20, he accumulated accumulated. He served for only 83 days. The manager of China Life Anbao Digital Economy Stock Sponsored Fund is Yan Kun. As of March 20, his cumulative tenure was only 83 days. The fund manager of the China Life Security Preferred State-owned Enterprise Stock Sponsored Fund is Xie Fu, and he is also a new fund manager. As of March 20, his cumulative tenure was only 148 days. China Life Security Advanced Manufacturing Stock Sponsored Fund, the fund manager is Yu Gang, with a cumulative tenure of 133 days. The manager of China Life Security New Materials Stock Sponsored Fund is Sa Weixu, who has served for a total of 135 days. The manager of China Life Insurance Quality Consumer Stocks Sponsored Fund is Wang Yunhan, who has served for a total of 104 days.
It can be seen that the fund managers of the six funds recently issued by China Life Security Fund are all novices.
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"Dian Eel Finance" noticed that the threshold for establishing a sponsored fund is low, but it is difficult to maintain long-term operations. In particular, there is a three-year time limit: three years after the product is established, if the net asset value of the fund is less than 200 million yuan, the fund contract will automatically terminate. Three years later, where will the six new funds under China Life Security Fund go? Will they be liquidated?
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