The investment era of rebirth

Chapter 423 Shocked Industry Organizations!

"How is it possible, a sales record of 100 billion in half a day? No matter how fast it is, it can't be so fast!"

Facing the report on the fund sales record of 'Yuhang No. 3' which is popular across the industry, there are still managers in charge of fund sales in the internal group of the asset management organization of 'E Fund', the largest public offering institution in China, who are unwilling to believe that the market reported results.

After all, their team worked hard, received business every day, and accompanied them with wine and drinks, consuming countless efforts.

With the help of the golden signboard of 'E Fund', the sales performance has not been able to reach such a terrifying level. In their view, 'Yuhang Investment Company' has only risen for a year, and there are only two or three companies under its umbrella. How can a fund product be achieved overnight, raising the record of fund sales in the industry to this point?

"It's really outrageous, but the fund newspapers in the industry have started to report it, so it can't be fake, right?"

"Oh my god, this sales speed."

"Hey, who has been saying that the market is short of money before, does this look like the market is short of money?"

"This is a private equity fund product. If it is a public equity fund product, I dare not think about it. I'm afraid it will skyrocket many times because of the sales speed and scale?"

"Hey, let alone, if the business of the fund company 'Yuhang Investment Company' is a public fund management company, with the current influence of Yuhang Investment, the president of Su, many institutions in our industry are afraid of new products. It’s not easy to sell it.”

"If the company 'Yuhang Investment' sells a public offering hybrid fund, the scale of 100 billion will definitely be unstoppable. I guess... at least it will have to go to the scale of 500 billion or 1000 billion, right?"

"Indeed, look at the market, how many retail investors are chasing after it!"

"This fund sales record, in a short period of time, it is estimated that other than 'Yuhang Investment Company' itself, it will be difficult for other fund companies to break this record, right?"

"Hey, it is indeed too difficult to break this record."

"Is this the influence of the top star fund managers in the market? Finally, I have seen it, really awesome!"

"The influence of Mr. Su invested by Yuhang alone is comparable to the entire fund product sales team of a large fund management company."

"Not only that, the influence of Mr. Su alone can simply beat the sales teams of many domestic fund management companies."

"At present, there is no sales team in China that can make such sales performance."

"It's really President Su who saved at least tens of millions of fund sales expenses for Yuhang Investment Company!"

"As far as the fund performance myth created by President Su is concerned, does Yuhang Investment Company still need a fund sales team? It seems that the just-released 'Yuhang No. 3' fund has not been warmed up for a few days, right?"

"How can there be a few days, just warm up for a day or two at most."

"This is the real bull. There is no need for publicity at all. In the market, investors from all walks of life flock to follow suit."

"Just kidding, what you buy is what you earn. Can investors not flock to follow suit? I want money... I'm also desperately trying to grab the share of this fund's offering!"

"Indeed, according to the historical performance of the previous two products 'Yuhang No. 1 Fund' and 'Yuhang No. 2 Fund', the 'Yuhang No. 3 Fund' is estimated to perform in the future under Mr. Su's personal management. It’s not much worse, this is equivalent to a wealth management product that guarantees no loss, and the future expected return is super high, so it’s unreasonable for the majority of investors in the market not to snap up it.”

"To put it bluntly, if you want to increase the scale of fund sales, the most fundamental thing is the performance of the fund!"

"Nonsense, everyone knows this. The key is to improve the performance of fund products. How can it be so easy?"

"Indeed, if it were really easy, the tens of thousands of fund products on the market wouldn't lose a lot of money. Could it be that the managers of these fund products are not selling well and basically no investors are interested in them, and they don't know how to improve their performance? Can it be promoted? The key is that it cannot be done!"

"If it could be done, everybody would have done it."

"It's because the performance of the fund is not doing well, so everyone will carry out public relations in other directions to increase the sales of the fund."

"Hey... Really, everyone is talking about performance, so we business people will all lose their jobs."

"In the first place, performance should be the most important thing. The development of the domestic fund industry has always been so chaotic. In fact, everyone has gone astray on the fundamental path, forming bad competition."

"Okay, okay, it's useless to say these things."

"Indeed, there is only one 'Yuhang Investment Company' in the entire industry, and what they do is just a special case, not a standard."

"Let's follow the old way. There are some things in this world that you can't envy."

"Hey, the fund business manager of 'Yuhang Investment Company', I remember seeing him two years ago, he was really low to the ground, and he was easy to say anything. Now...the last time I met him, it was already an investor begging for money. He's gone, things are changing in this world, sometimes when you think about it carefully, it's really amazing."

"The current Yuhang Investment Company, the fund sales team, should be the most stress-free."

"Isn't this nonsense? No matter how large the fund is, it's basically just a second on the day of the sale. How can there be sales pressure?"

"I'm so envious that the hostages are separated!"

"Hey, there's no way, who made the boss a genius in investment in the industry?"

"By the way, 'Yuhang Investment', a private equity fund company, is about to exceed 300 billion in size right now? In one year, the size of 300 billion is really scary!"

"It's not about breaking 300 billion, it's already breaking through 300 billion!"

"Based on the scale, this is already a first-class domestic private equity firm, right?"

"In terms of asset management scale in China, there are less than 300 private equity investment companies with more than 20 billion yuan. The company 'Yuhang Investment' has indeed squeezed into the top of the industry in terms of asset management scale alone."

"If you don't calculate it in terms of scale, but in terms of company profits, then no one can compete with it."

"That's right. I heard that Yuhang invested in this company. Last year, it directly harvested more than 10 billion in net profit just by relying on the fund's excess performance share. This is the ability to harvest profits like a burst!"

"Isn't that right? If you only rely on fund management fees to make profits, the scale of 10 billion profits will have to be 300 billion to 500 billion."

"Hey, President Su's accumulation of personal wealth is really unparalleled."

"That's right! Calculated based on his personal net worth, his personal wealth may be in the billions."

"Fuck, the speed at which this wealth is accumulating is really unimaginable."

"The key is the follow-up growth. Based on the current reputation of Yuhang Investment Company in the industry, as long as the performance of the funds of the 'Yuhang Department' does not collapse, after one or two years, the entire domestic asset management industry may be in danger. No one can stop it, and its asset management scale will reach 1000 billion sooner or later.”

"I have already seen the rise of the future domestic asset management giants."

"If Yuhang Investment Company turns into a public offering fund management company in the future, I estimate that the domestic public offering fund market will suffer another bloodbath."

"Yuhang Investment Company is really going to be converted into a public offering institution, and other public offering institutions really have no way out."

"It's not like if you don't survive, but it will definitely be greatly affected."

"At least the leading position of 'E Fund' in the industry is highly likely to be lost."

"Not necessarily, right? In fact, according to the development path of Yuhang Investment Company, the scale often rises quickly and falls quickly. As long as President Su can no longer maintain excess performance, the performance of the entire 'Yuhang Series' fund products will If they are all reduced to mediocrity, then according to the current development path of this company, the development of the entire company will be abandoned by many investors in an instant, and no matter the scale or other business development, it will become stagnant or even retreat.”

"In contrast, 'E Fund', 'Ruiyin' and other domestic first-class echelon asset management institutions."

"They don't develop based on the performance of their fund products at all, but focus on the development of a rich product matrix and index fund products. The core source of company profit is management fees. From this point of view... I think these The business development and performance stability of first-class asset management institutions are still much more stable than 'Yuhang Investment', and their ability to resist risks is much stronger."

"Well, that's certainly the case."

"According to the development history of asset management companies, it is actually the easiest to do performance with small funds. The larger the amount of funds, the more difficult it is to make efforts in performance. Many domestic asset management institutions , I have never seen any institution that can make a long-term good performance after the scale and volume are large.”

"Currently, Yuhang Investment Company seems to be developing like a rainbow, but in fact, it has reached the critical development node of both scale and performance."

"I don't believe that with a scale of tens of billions, Mr. Su, invested by Yuhang, can still make several times, or even ten times the performance of the fund."

"I don't believe it either. After all, the capital capacity of the market is limited."

"But even though I don't believe it, I still hope that the legend will continue."

"That's right, only if the President Su invested by Yuhang continues the legend, the market may usher in a real turning point, and after investors buy funds to make money, this money-making effect will spread and attract more investors. It should be beneficial to our entire fund industry for off-market investors to pay attention to new fund products.”

At the time of intense discussions among insiders in the domestic fund industry and asset management industry...

At this stage, the news that the fund product 'Yuhang No. 3' will be launched simultaneously online and offline, and that the 100 billion shares will be sold out within half a day, is still spreading wildly in the domestic fund industry, investment circles, and financial circles, attracting more and more investors. attention of investors.

Of course, at the moment when relevant news is popular and fermented.

The stock market that was trading at this time also ushered in a fairly good trend because the issuance results of the 'Yuhang No. 3' fund product far exceeded everyone's expectations.

I saw the Shanghai Index, Shenzhen Index, and ChiNext Index.

After the issuance of the 'Yuhang No. 3' fund was completed and entered the closed stage, a large amount of active funds were once again stimulated by market-related news to follow the trend and go long. They immediately got rid of the pattern of low-level shrinkage and shocks and continued upward It rebounded and came out of a stronger state than in the morning.

And when the time entered after 2 o'clock in the afternoon, when the news that 'Yuhang No. 3' fund became the first 100 billion-level daily disc private equity fund of the year was fully fermented and spread, the market trend began to become more radical. Especially in the entire market, a series of concept stocks held by the "Yuhang Department" were suddenly attacked by a large amount of active funds, and they all rose in a straight line.

"Hey, it's really strange. After fluctuating at a low level for almost a day, I already feel that the market volume is not good enough, the willingness to buy is not strong, and there is no room for upward movement. At this time, the market has started to attack again." Some abnormal performances, at this time inside Yuhang Investment Company, in the fund trading room, Li Meng frowned, and said in surprise, "Obviously the index has no momentum to continue to rise, are these buying orders at this moment all fools? "

"Hehe...they are not stupid." Su Yu responded with a smile.

Hearing Su Yu's voice, Li Meng tilted his head subconsciously and asked, "Are you done with the 'Yuhang No. 3' fund issue?"

Su Yu nodded slightly, and responded: "It has been successfully completed. At this moment, the news about the issuance of our company's fund products should be fully fermented in the market, so it is not surprising that you see a sudden change in the market. As long as there is still some money in the market effect, there will be no shortage of speculative funds.”

"I said." Hearing Su Yu's words, Li Meng finally understood, "It's no wonder that most of the stocks that have changed are the two main lines of 'infrastructure' and 'state-owned enterprise reform', and most of them are stocks that we have reduced our positions before. Is the direction of emotional capital speculation coming for us?"

Su Yu responded with a smile: "You can say that."

"Then our company has led a wave of trends." Li Meng chuckled lightly, "Not in terms of the news, this wave of market rebound should be here, right?"

Su Yu didn't answer directly, but stared at the trading situation of the two cities, pondered for a while, and then said: "The volume energy has decayed drastically. Once the index passes the 2350-point mark, the strength of the bulls on the upside will be in a straight line. Falling down, and today Beixin Road and Bridge, Beijiang Communication Construction, Kumho Group, China Fortune Land Development, Gemdale Group, Huaguo MCC... and a large number of popular leading stocks that rebounded strongly yesterday did not have an effective intraday premium , and has not accumulated a sustained profit-making effect, which has set a very bad example for the market's active capital groups chasing short-term pursuits!"

"These tickets can't play the money-making effect, so the continuous money-making effect of the market can't continue."

"Since the continuous profit-making effect cannot continue, the short-term chasing sentiment of active funds will naturally ebb quickly, which will affect the overall market structure of the market."

"At this moment, it seems that these stocks can maintain a relatively strong volatile trend."

"But if you can't make room, that's the end of the rebound. Once the last bulls' follow-up effect fades, the stock price will turn around again in an instant."

"Yeah." Li Meng nodded and said, "Our two opinions are basically the same."

"Then sell it!" During the brief discussion between the two, Wang Can couldn't help but said, "Continue to reduce the holdings of stocks that have increased during the session, further reduce the level of holdings, withdraw funds, and wait for the next opportunity to intervene."

(End of this chapter)