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After being reduced to a "two-cent fund" nearly three years after its establishment, can this initiator-type fund survive the test?

2024-08-09

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As an initiator fund established on August 31, 2021, as of August 5 this year, Hengyue Quality Life's net value has fallen by 72.79% since its establishment, ranking last among active equity funds in the industry.

Qi Wenjian, researcher at Punctuation Finance and InvestmentTime.com

In recent years, the A-share market has continued to fluctuate and adjust. The volatile market has made it more difficult for public funds to make money, and the net value of some active equity funds has been halved.

Wind data shows that as of August 5, there were 4,287 active equity funds in the market whose returns since establishment could be counted (only the main code of the fund was counted, excluding new funds established in 2024, the same below), and there were 196 products whose net value fell by more than 50% since their establishment.

Among them, Hengyue Quality Life performed the worst, with a yield of -72.79% since its establishment, ranking last among the above-mentioned active equity funds that were able to obtain total returns since their establishment.

Perhaps affected by its performance, the management scale of Hengyue Quality Life is also not ideal. As of the end of the second quarter of 2024, the fund's management scale was 61 million yuan.