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大成基金六成混基跑输均值 两位投资总监业绩沦陷

2017-09-07 07:32:08   中国经济网

对此,基金经理在该基金半年报中已经进行了解释,半年报称:“大成绝对收益策略混合基金选股上主要以估值、盈利、质量等基本面因子作为主要的选股因子,并注意控制高估值、小市值等风险因子的暴露,股票组合主要集中于沪深300成份股内。但由于股票组合在行业和大小市值分布上维持了较为均衡的配置,并以指数进行对冲,在4、5月份指数权重大幅上涨的极端分化格局中发生较大的回撤。”

而中国经济网记者在统计数据时发现,大成绝对收益策略混合型发起式C截止到9月5日收盘,其年内净值增长率为-4.43%,也就是说该基金很有可能从三季度开始业绩出现好转。

基金经理变动信息显示,从2015年9月23日到2017年3月17日,该基金一直由石国武管理,1年又176天后的任职回报为-3.30%;从2017年3月18日后,黎新平独自接手,172天的任职回报为-4.13%。

黎新平2008年7月至2015年6月历任Aristeiacapital量化投资部资深策略师、投资经理。2015年7月加入大成基金管理有限公司,现任数量与指数投资部总监。目前同时管理三只基金,均为混合型,除大成绝对收益策略混合型发起式C、A外,还有大成动态量化混合,但三只的任职回报皆跑输同类均值水平。也就是说,在大成旗下年内亏损的四只混基中,这位总监占到其中的两只。

另一只亏损较多的基金是大成2020生命周期混合(090006),该基金虽然成立于2006年9月13日,累计净值增长率也有140.72%,但在近3年的多个时间段里,净值的阶段涨幅却都跑输同类均值,并处于不佳的状态。

从二季度前十大重仓股看,仅有中山公用、冀东水泥、河钢股份、辽宁成大四只股票上涨,且除了冀东水泥涨幅有10%以外,其余均较小。而当中的桂东电力、迪马股份、郴电国际、宝鹰股份、海南瑞泽五只股票都是从今年一季度已经持有,且在上半年里持续下跌。由此可见,大成2020生命周期混合的糟糕业绩很大程度上源于差劲的选股。

2014年8月22日至今,该基金一直由周德昕独自管理,3年又16天的任职回报仅有24.62%,这还是经历了2014年下半年到2015年上半年的大牛市之后的业绩。

资料显示,周德昕曾任职于哈里投资有限公司、新疆证券有限责任公司及广发证券股份有限公司,从事投资研究工作。2007年3月至2012年3月任职于招商基金管理有限公司,历任高级研究员、研究组长、助理基金经理及招商大盘蓝筹股票型证券投资基金及招商中小盘精选股票型证券投资基金基金经理。2012年4月至2014年4月任职于安信证券股份有限公司,历任证券投资部执行总经理及资产管理部副总经理。2014年4月加入大成基金管理有限公司,现任股票投资部成长组投资总监。

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