Chapter 60: The Fund Shakes People! (3/5) (Ch 60)

“Hahaha~ (hands on hips), guys, I just realized that two years ago, my wife listened to the bank customer service manager’s recommendation and bought a fund, which turned out to be ‘Jinxin Mixed Selection’.”

“It is now renamed ‘Star Ocean Mixed Selections’.”

“A long time ago, the bank seemed to have sent a text message to my wife asking her to redeem the product, but she ignored it and simply forgot about the existence of this fund…”

“And then… Oh my god, did you know that the fund’s price limit has increased?!”

“Picture.jpg, you want me to redeem you? I’ll only redeem you if my brain is broken!”

“The fund has reached its daily limit, what the hell!!” “…”

Some netizens posted the news on Weibo.

A group of pictures were posted.

It is the total asset information of a certain bank software.

But there is a mosaic!

But you can see that among the investment and financial products below, the total assets include ‘Xinghai Mixed Selection’!

This next picture is the real key!

Details of ‘Xinghai Mixed Selection’ include the estimated net value for the day.

This estimated value is also very interesting, it is -1.2%!

That is, by looking at the top 10 stocks that the fund holds, we can roughly estimate the day’s rise or fall.

The estimated value is a loss of 1.2%!

But in fact, after the update, the net value increased by 10% on that day! !

Fund limit up!!

This is a fund!!!

For mixed funds, depending on the product, the proportion of funds held in stocks must be at least 60% or 65%!

Some of them hold more than 90% of stocks!

Moreover, public funds are required to hold a single stock at a ratio that does not exceed 10% of the fund’s total assets!

That is to say, if you have a fund of 10 billion, you cannot put all your money on one stock.

If you go all in on a stock, it is possible that the fund will reach its daily limit!

But for a public fund, if you have 10 billion yuan in funds, if you hold a single stock, it can only account for at least 10%.

In other words, a public fund must hold at least 10 stocks.

One aspect is to balance the risks.

When you buy a stock, it may go up to the limit… or it may go down to the limit!

If you buy 10 stocks, some will definitely go up and some will go down!

What is the concept of fund limit up?

At least 10 stocks, all hit the daily limit!

In fact, many funds do not necessarily hold 10 stocks: they hold more stocks!

It is almost impossible for a fund to reach its daily limit.

Unless it really is a big bull market… to the point where most stocks hit their daily limit.

This situation is almost impossible to happen.

But the picture posted by this netizen really shows the fund’s daily limit!

“Fake! Fake! Fake!! I don’t believe it!!”

“The fund has reached its daily limit???”

“What a ghost!”

“What, the fund’s limit? Impossible! Oh ~ Xinghai Fund, that’s fine, that’s normal!”

“Xinghai Investment’s Xinghai Select Hybrid and Xinghai Flexible Allocation Hybrid funds both hit their daily limit! (Staring)”

“Damn it, @李易, Mr. Li Yi, the company has been acquired, and you are also in charge of two funds, why don’t you open them for buying?”

“Ahhh~ What is it like to have a fund limit up? I want to experience it!”

“Open for buying! Open for buying! Open for buying!! @李易!”

“Oh my god! I took out my stock trading software and saw that I lost money in the A-share market. I entered the market with 100,000 yuan, but ended up with only 20,000 yuan. I bought a fund, the ‘Jinxin Selected Mixed Fund’… I only had 10,200 yuan left out of the 20,000 yuan, a loss of nearly 50%… and this is after the stock market rose 10% today!”

“Upstairs, just sit back and wait for takeoff!”

“Go upstairs and see if Li Yi can help you make back the money you lost!”

“…”

“Jinxin Investment Company issued an announcement… Changed its name to: Xinghai Investment!”

“Xinghai Mixed Select released an announcement, Li Mingjie serves as the fund manager!”

“Will Li Yi be a fund manager?”

《18-year-old fund manager?》

“Xinghai Fund hits the daily limit!”

“Can funds also reach their daily limit?”

“Two funds under Xinghai Fund hit their daily limit!”

Are there any strict requirements for being a fund manager?

To be honest…not really!

However, many fund managers started out as researchers.

Slowly gain experience.

Learn from other fund managers in the company and co-manage a fund.

Eventually manage the fund alone.

It can be said that when you see a fund, there are two fund managers.

That basically means the old fund managers are training the newcomers!

The new person being brought in may become the fund manager of the fund.

The original old fund managers may go to work on new products.

Now, you can run away!!

Jinxin Investment Company was acquired and renamed…its subsidiary fund companies and fund products were also renamed.

If there is a change in the fund product manager, an announcement must be issued.

Inform all investors.

When investors buy a fund, it is largely because of the fund manager.

If the fund manager is changed, investors can choose to sell the fund.

After Jinxin Company acquired it, basically all its products were liquidated.

There are only two products, and the total funding is less than 10 million yuan.

The manager has run away.

In fact, Li Yi did not serve as a fund manager!

As a fund manager, you cannot invest in stocks.

Due to this restriction, it is impossible for Li Yi to serve as a fund manager.

The fund manager of both funds is Li Mingjie.

But what stocks to buy are indeed chosen by Li Yi, and Li Mingjie just needs to buy them.

Then something unprecedented happened: the fund’s daily limit occurred! !

But netizens are well aware that the fund managers of Xinghai Company’s two public funds simply cannot have such ability.

The ‘real fund manager’ is Li Yi!!

These topics have quickly become popular searches and topic lists!

In addition, those netizens who had forgotten about the “Jinxin Fund Products” before finally remembered that they had bought the products?

Issue your own fund holdings!

A 10% increase!

The fund hits its daily limit!

I’ve never seen this before!

Moreover, relevant public information of all public funds can be directly found.

Fund name, code, net value, trends and holdings in the past 1 month, 3 months, 6 months, 1 year, 3 years, etc.!

There is no need to look at the positions, it is meaningless!

Announced once a quarter!

This time, both products of Xinghai Fund directly hit the daily limit…it must be due to portfolio adjustments and stock changes.

And it was Li Yi who did it himself!

Strong or not?

You can see it from here!!

You know, many people are keeping an eye on Li Yi… not just netizens and shareholders, but even many institutions.

Everyone knows that all of Li Yi’s current funds are in “Mei Lun Culture”.

Xinghai Fund, two public fund products, must hold at least 10 stocks… Li Yi can’t possibly have that much money to buy 10 stocks at the daily limit, right? !

That is Li Yi, among the more than 2,000 stocks in the A-share market.

Accurately selected 10 stocks that hit the daily limit!

10 sticks!

“The fund has reached its daily limit, I’ve never seen this before!”

“Damn it~ The fund has reached its limit, it’s so scary!”

“It’s really scary when you think about it! The fund’s daily limit means that all 10 stocks bought have also reached their daily limits!”

“What kind of ability is this? What kind of sense of smell is this?”

“I…if I had this ability, wouldn’t Big A be my ATM?”

“Although I want to say that Jinxin was acquired, and Xinghai’s two public funds manage less than 10 million yuan in total, which is very inconsiderate…but he wants to select 10 stocks with daily limit, is this something a human can do?”

“…”

Everyone was shocked!!

Many people say that Li Yi makes money in the stock market because the current market conditions are good and the bull market slogan has been shouted out.

Li Yi just had good market conditions and good luck… and he made money!

But in this market, who can make 100 million?

In this market situation, today, can you pick out 10 stocks that will hit the daily limit?

As for the two public funds under ‘Xinghai Fund’ that are to be liquidated, today they have a direct hit: the funds hit the daily limit!

Even the most ignorant people will not say: Li Yi makes money because of good market conditions and good luck!