PANews reported on October 6 that according to Securities Times, Wind data showed that the return rate of fund products this year was the highest at 55.32%. The second-ranked fund product had a return rate of 47.5% during the year, while the fund with the highest loss had lost its return during the year. 40% of the net value. This data does not include alternative products operated by overseas subsidiaries of public funds. Taking Southern Fund as an example, a Bitcoin ETF fund operated by the company's Hong Kong subsidiary has achieved a rate of return of 54.63% this year. This performance has surpassed 99% of mainland public offerings, whose main investment targets are Stock Assets.
It is understood that in December last year, the Hong Kong subsidiary of Southern Asset Management officially launched the first batch of virtual asset ETFs in Asia: Southern Asset Management Bitcoin Futures ETF and Southern Asset Management Ethereum Futures ETF. The relevant ETFs were officially listed and traded on the Hong Kong Stock Exchange, and Southern Asset Management became the first mainland public fund to deploy Bitcoin fund business. It is worth noting that Southern Asset Management not only deploys Bitcoin fund business, but also actively buys stocks with Bitcoin concepts in the stock market.
The report also pointed out that the strong performance of Bitcoin and Ethereum may benefit star fund managers who have entered alternative investments, including Xiao Feng, a former big boss of public funds, and Wang Yawei, a former top public fund manager. In particular, Wang Yawei's portfolio suddenly added digital currency assets that were severely abandoned by the market in the fourth quarter of last year. Bill Miller, a famous American fund manager who has outperformed the S&P 500 index for 15 consecutive years, publicly stated last year that 50% of his personal investment portfolio is Bitcoin and the other 50% is Amazon stock. Miller said he has been buying and holding Bitcoin since the price was $200.
