If the performance is not excellent, do not get a generous year-end bonus, how much will be the annual income of public fund managers? Here comes the answer.

A Chinese reporter from a brokerage noted that a number of fund companies have recently released recruitment information for fund managers, among which the Hong Kong equity fund managers under the public offering fund have the highest income, with the lowest income of 400000 and the highest income of 700000 excluding year-end bonuses, while bond fund managers have the lowest income. If there is no year-end bonus, the annual income is less than 200000.

It is worth mentioning that the recruitment demand of public equity fund companies for Hong Kong stock fund managers has increased greatly since June, which may reflect that mainland fund companies may be deeply involved in the Hong Kong stock market. Since the beginning of this year, nearly 30 QDII products have been approved, most of which take Hong Kong stocks as the main investment object. Last week, the State Administration of Foreign Exchange approved eight public fund companies to add a total of US $6.5 billion QDII quota. It has further increased the demand for Hong Kong equity fund manager positions in public equity fund companies.

Hong Kong equity fund managers earn 30,000 yuan a month?

Under the exaggeration of the tens of millions of year-end bonuses of top fund managers, the income of most fund managers may be exaggerated, especially if the final income of fund managers is not supported by performance, it is difficult to get an attractive year-end bonus, or even no year-end bonus.

Although the previous referee Wenchu website disclosed that Xue Tian, the fund manager in charge of the US stock market at Changxin Fund Company, earns 83300 yuan a month before tax, Xue Tian himself actually serves as an executive member of the Changxin Fund Investment Committee. and the investment director of the international business department of the public offering. Therefore, it is difficult to match this income with the most typical fund managers, that is, what the income of fund managers who do not have a company management position is.

Now here's the answer. Chuangjin Hexin Fund Co., Ltd. recently issued a recruitment announcement for Hong Kong stock fund managers on its official website. At the same time, the fund company also posted the recruitment needs of Hong Kong equity fund managers on a social recruitment website, marking the compensation of Hong Kong equity fund managers at 30,000 to 40,000. And this recruitment requires a skilled person with more than 5 years of relevant experience in Hong Kong stock research and investment management, as well as the licensee qualification issued by the Hong Kong Securities and Futures Commission. The high probability of this information means that licensed Hong Kong equity fund managers with more than five years of investment experience earn only 400000 of their salaries excluding year-end bonuses.

According to public information, Chuangjin Hexin Fund Management Co., Ltd. is a medium-sized public fund company. The company was established in July 2014 by the first Venture Securities and Shenzhen Jinhexin Investment Partnership (limited partnership). According to the information disclosed by listed companies, in 2020, Chuangjin Hexin Fund Company achieved operating income of 507 million yuan, an increase of 19.01% over the revenue of 426 million yuan in 2019. The net profit was 94.65 million yuan, an increase of 40.79% over the net profit of 67.23 million yuan in 2019.

At the same time, a public equity fund company in Shanghai has also announced the recruitment of Hong Kong equity fund managers, with a requirement of more than eight years of investment experience in the Hong Kong stock market and an annual salary of 500000 to 700000.

The contribution of debt base is small? Fund manager "annual salary" 180000

It is clear that the salary of these fund managers excluding year-end bonuses seems to be very different from the traditional impression of a million-a-year salary, but this is not the lowest.

The recruitment announcement for bond fund managers currently posted on the official website of Ping an Fund Company shows that they have a master's degree, more than three years of investment experience and excellent past performance, with a monthly salary of between 10, 000 and 15000 yuan. Market participants believe that the low income of bond-based fund managers is related to the contribution of debt-based products to the management fees of public fund companies. at present, the management rate of bond funds is generally less than 1%.

Chinese reporters from brokerages have noticed that since the beginning of this year, some fund companies have issued announcements to reduce the management fees of bond funds, and the management fees of many bond fund products are even as low as 0.3%. Under the background of the significant enhancement of investment opportunities in the stock market, the scale of partial-stock fund products can even reach tens of billions, while bond-type products often face the situation of small size of a single fund and low management fees. it also makes it difficult for bond-type fund managers to match the post needs of stock-biased public fund managers.

Compared with fund managers who manage investments in debt-based products, A-share fund managers earn quite well. Especially in some newly established fund companies, hitting people with money has become the main way to attract skilled people to join and expand equity funds. According to a recruitment message released by the Xinwo Fund, the annual salary of equity fund managers is not less than 600000, or even 800000.

Public offering depth distribution of Hong Kong stocks to stimulate job demand

It is worth mentioning that recently, public fund companies have launched more job demand for the Hong Kong stock market, which largely reflects that with the structural changes in the Hong Kong stock market, mainland public fund companies are preparing to enter the Hong Kong stock market deeply.

Bao Haijie, managing director of Hong Kong Exchanges and Clearing, said a few days ago that the share of average daily turnover in the Hong Kong stock market came from new economy companies, up from 4 per cent in 2018 to 20 per cent at the end of the first quarter of 2021. At the same time, the proportion of issuers of New economy companies in the top 10 rankings of Hong Kong IPO market was only 44% in 2017 and only 49% in 2018. In 2019, the proportion was still 49%. In 20109, the proportion of IPO raised by New economy companies exceeded 50% for the first time, accounting for 64% of the top 10 new shares in 2020, compared with the first quarter of this year. New economy companies' IPO fund-raising in Hong Kong has reached a new and most exciting part, and this proportion has increased to 95%. Hong Kong stocks are becoming more and more economically, shaping a new economic form of Hong Kong stocks, thus attracting more and more mainland public offering funds to pour into the Hong Kong market.

Chinese reporters from securities firms have noticed that nearly 30 QDII products have been approved so far this year, and most of these QDII products are mainly invested in the Hong Kong stock market. Mainland public equity fund companies have increased the declaration and issuance of Hong Kong stock fund products since the beginning of this year, which has also greatly increased the demand of Hong Kong stock fund managers.

At the same time, on June 2 this year, the State Administration of Foreign Exchange issued US $10.3 billion QDII quotas to 17 institutions. Among them, eight fund companies, namely, Yi Fangda Fund, Guangfa Fund, Huaxia Fund, Southern Fund, Great Wall Fund, China Europe Fund, BoCom Schroeder Fund and Guohai Franklin Fund, added a total of US $6.5 billion QDII quota, further increasing the demand of public equity fund companies for Hong Kong stock fund manager posts.

In addition to the continuous launch of Hong Kong stock QDII fund products this year, many fund companies have also launched Hong Kong stock fund products with Hong Kong Stock Connect stocks as the core investment object. However, due to the relative scarcity of experienced fund managers in Hong Kong stocks, many public fund companies can only use A-share fund managers to serve as Hong Kong stock fund managers. A public fund manager who prefers spirits stocks revealed in an interview with a Chinese reporter from a securities firm. He may serve as a fund manager for a Hong Kong Stock Exchange fund product in the second half of the year.

It is worth mentioning that the Chuangjin Hexin Fund Company, which is recruiting Hong Kong equity fund managers, is currently launching the Chuangjin Hexin Hong Kong Equity growth Stock Fund, which was officially launched on June 7. Hu Yaosheng is the fund manager of the Hong Kong stock fund. The fund manager has many years of research experience in Hong Kong stocks and began to study and analyze the consumer goods industry in the Hong Kong stock market in 2013.

Hu Yaosheng said that from a medium-to long-term point of view, the Hong Kong stock market still has large investment opportunities. In recent years, global capital is more inclined to allocate Chinese assets, superimposed southward capital inflows continue to provide liquidity support for the Hong Kong stock market.