Analysis Of The Impact Of Fund Manager's Personal Characteristics On Fund Returns

This article studies the impact analysis of fund managers' personal characteristics on China's fund returns.The effective returns of the fund are closely related to the choice and judgment of the fund manager.In other words,the role of fund manager should be one of the most important participants and managers in the fund.Their responsibility is to directly participate in and actively manage the fund pool.In the current process of vigorous development of the fund market,the problem of information asymmetry becomes more obvious and even unavoidable,so it also makes different performances of different fund managers have different differences.Therefore,the research in this paper has important theoretical significance and practical reference value for the future development direction of the fund market.The empirical results found that the relationship between the personal characteristics of the stock fund manager and the income of the fund managed by the operation has always existed,which shows that the personal characteristics of the stock fund manager can affect the operation of the stock fund managed by the fund.The performance also provides certain theories and data references for existing or potential individuals and corporate investors when investing in stock funds in the future.When investing in the future to choose a stock fund,investors should look for the relevant operating conditions of the background company of the selected stock fund in order to better avoid the disadvantages caused by information asymmetry from their own perspective.It is necessary to investigate and understand the personal characteristics of the fund managers who operate directly.From the perspective of the fund company,the continuous update research of the thesis topics in this direction can provide certain suggestions and opinions for the fund company in selecting the appropriate stock fund manager.Finally,it has certain reference value for the training of financial talents in the future fund direction.At the same time,this paper also conducts a special study on the feature of more crossover found in the process of screening data managed by the same fund manager,and draws a relevant conclusion: funds managed by the same fund manager,regardless of whether or not the investment direction has completely relevant crossover,their overall development trends in the past three years are basically the same,and basically no different from the changes in the overall market.This means that no matter how many alternations and changes there are in the investment direction and type of investment,only timely seizing the market opportunity and timely analysis can bring investors gains and minimize losses in line with market changes.Similarly,although the overall direction of the equity funds run by the fund managers appear to be completely different from the surface,but a closer look at the industry allocation ratio is found to be more cross-sectional existence,which also explains why the screening out of the three fund companies' funds to show the investment income curve is more similar reasons.The similarity in the direction of the investment industry may be due to the fund company's policy influence,background influence or internal management requirements,or more likely,the influence of the direction of the industry funds necessary to be raised at the inception of the fund and the requirement of risk diversification of investment funds.Therefore,in allocating funds in the same industry,fund managers need to combine personal characteristics such as professional analysis and calm thinking to stimulate their own potential value,in order to achieve more satisfactory fund performance among the many high-quality funds in the same direction and industry.