Manager Review
Shaocheng Wang manages the Bocom-Schroder fund. Wang started managing the fund only in March 2015 but he has worked in the securities industry for 12 years and has five years experience in fund management, Li said.
Wang previously was a researcher at Shanghai Rongchang Asset Management, investment manager of Central China Securities, assistant to the chief research officer of CITIC-Prudential Fund Management, and the investment manager, fund manager and deputy general manager of the investment department of Soochow Asset Management.
The CIFM fund is managed by Fang Sun. She has 13 years experience in the fund industry and four years in managing funds. She joined CIFM in December 2006.
Fees
Both the annual management and custodian fees of both the Bocom-Schroder fund and the CIFM fund are 1.50% and 0.25%, according to Li.
Their fees are in line with their peers, he added.
Conclusion
CIFM’s portfolio concentration and high equity exposures make the fund vulnerable to higher downside risks than the Bocom-Schroder fund, he said.
“We prefer the Bocom-Schroder fund to the CIFM product, as they have better risk management and it would better suit investors who want to hold funds with less volatility,” he said.
