Author: Zhou, animal husbandry
Source: GPLP Rhino Finance (ID: gplpcn)
Recently, Wang Zonghe, a fund manager of Penghua Fund, encountered a “Li ghost” counterfeiting incident. It is worth noting that this is the third “Li ghost” incident that Penghua Fund has encountered since October 2020.
“Lee Ghost” incident continues to fund companies frequently clarify
On April 10, Penghua Fund issued a clarification announcement stating that recently, criminals fraudulently used Penghua Fund and the company’s well-known fund manager Wang Zonghe to recommend stocks to investors to defraud funds through WeChat groups and other methods. These acts are purely purely acts. The illegal act of illegally embezzling the name of the company and the fund manager.
Source: Tiantian Fund Network
It is not the first time that Penghua Fund has encountered this similar incident. In October 2020, someone pretended to be Wang Zonghe and the Penghua Pension Industry Fund managed by him to build a group of stocks. In February 2021, Penghua Fund once stated that some Use the banner of “Penghua Fund” to publish a promotional page with a WeChat QR code. After scanning the code, open the “Penghua Fund” registration page and defraud investors by inducing investors to transfer funds to private accounts, requesting recharge to promote membership, etc. funds.
In fact, in recent years, there are no less than 10 fund companies that have been targeted by “Li Gui”. In addition to Penghua Fund, they also include Tianhong Fund, Boshi Fund, Yinhua Fund, Dacheng Fund, Bank of China Fund, Jinxin Fund, Zheshang Fund and so on.
Yang Delong, chief economist of Qianhai Kaiyuan Fund, said that the phenomenon of “Li ghost” has existed in the field of public funds for a long time, and it can be said to be banned repeatedly. A key point in the fight against the “Li Gui” incident is to make investors clearly realize that it is often undesirable to make investments based on so-called inside information and stocks recommended by big coffees.
Article 21 of the “Funds Law” states that relevant practitioners of public funds shall not disclose undisclosed information obtained conveniently due to their positions, and shall not use this information to engage in or express or imply that others are engaged in related trading activities. Penghua Fund stated in the clarification announcement that the company has never recommended stocks to any investors, strongly condemns these actions, and reserves the right to pursue further legal liabilities.
Some products of Penghua Fund have had negative returns since their establishment
According to Tiantian Fund.com, Penghua Fund was established in 1998 and is one of the “old ten” fund companies. As of April 7, 2021, the total management scale of Penghua Fund is 595.581 billion yuan, compared with June 30, 2016. Japan’s 2013.69 billion yuan has increased by 394.215 billion yuan, and the scale has nearly doubled in five years.
Source: Tiantian Fund Network
Despite this, Penghua still has a number of funds with negative yields since its establishment, such as Penghua U.S. Real Estate USD Spot Exchange (006283), Penghua China Securities A-Share Resources Industry Index (160620), and Penghua Set Sail for two years. Closed operation mixed (009984), Penghua China Securities All Index Securities Company Index A (160633), as of April 14, 2021, the returns of the above funds since the establishment are -8.05%, -1.53%, -2.01%, -37.30%.
According to Tiantian Fund.com, as of April 14, the cumulative return of Penghua China Securities Index A is -16.21%. Since 2021, nearly June, March, and January, the rise and fall have been green. , Respectively -15.20%, -16.21%, -15.06%, -2.64%, underperformed the same average of -2.35%, 2.39%, -5.45%, -0.61% in the same period, the quartile ranking is not good.
Source: Tiantian Fund Network
Penghua China Securities All Index Securities Company Index A Fund was established on May 6, 2015. The fund manager is Chen Long. As of January 11, 2021, the fund size is 1.577 billion yuan, which is down from 1.723 billion yuan at the end of 2020. 146 million yuan.
(This article is for reference only, does not constitute investment advice, and operates at your own risk accordingly)
You must log in to post a comment.