Source: Hofu PricewaterhouseCoopers
Author: WikiLeaks
Public offering funds pure debt funds continued to advance by leaps and bounds in the first quarter: according to data from Ji'an Jinxin Fund Evaluation Center, as of April 24, the average rate of return of public offering funds pure debt funds was 1.Powerballjackpottonight.78%, continuing last year's excellent performance. The overall size of pure debt funds has also increased.PowerballjackpottonightIt cost 480.7 billion yuan. There are joys and sorrows in several families. However, there are also those who are cleared by the organization because of their poor performance.Powerballjackpottonight! Warburg Fund under the size of up to 2 billion pure debt fund Warburg Bond A quarterly report showed that it was unexpectedly cleared by the agency, the scale was close to 0, and returned to the pre-liberation overnight. There are industry insiders, the fund one-click clearance of the organization may be the agricultural commercial bank customers, the fund may be the channel products of a certain agricultural commercial bank. As of April 24, the performance of Warburg Fund's pure debt fund ranked 130th among 165 fund companies in the past year, ranking in the bottom 25%; in the last three years, it ranked 101st among 132 fund companies, ranking in the bottom 25%. Similar rankings have continued to slide in the last three months, ranking 149 out of 172 fund companies, ranking in the bottom 15 per cent.
The size of Warburg Baorun Bond A was 20 in the last quarter.Powerballjackpottonight2.5 billion yuan, with the latest scale of 0 in the first quarter of 2024. The first quarterly report of the fund shows that 1.968 billion yuan has been redeemed by institutions, leaving only four individual investors.
Ji'an Jinxin
Table 1 results of Warburg Bulun Bond An in the past 3 years
Ji'an Jinxin Fund Evaluation Center data show that Warburg Bond A performance in the past three years is really not good, no wonder the financiers are not satisfied with the clearance. The performance of the fund in the past three years was 9.4%, outperforming 11.24% of the average of the same kind, 1% of the average of the same kind in the past year, and ranking 2425 and 3200 of the same kind.
What is even weirder is that the trading of the fund is even more obscure-it actually sells bonds at a loss at net price. Warburg Baorun Bond A2023 Annual report shows that the income difference between buying and selling bonds in 2023 is-3.17 million yuan. A similar situation occurred in 2021, when the difference between buying and selling bonds in 2021 was-5.92 million yuan.
Table 2 Warburg Bond A lost 3.17 million in bond trading in 2023
Table 3 Warburg Bullion Bond A lost 5.92 million yuan in bond trading in 2021
Warburg Fund, which has 335.912 billion assets under management, has been wound up with four funds in 2023, namely Warburg Transformation and upgrading mixture, Warburg New optimal selection mix, Warburg Standard & Poor's China A-share quality value, and Warburg Hong Kong shares Tong Hengsheng Hong Kong 35 Index Securities Investment Fund (LOF). In addition, it also has 40 "mini bases" with a scale of less than 50 million yuan. In the first quarter of 2024, 2 billion of bond funds were cleared by institutions. It is more and more distant to strive to achieve the goal of "trillion Huabao" within 5 years proposed by the Warburg Fund.