China's fund industry is estimated one of the fastest growing industries in recent years has. Since 2001, the formal operation of open-end fund has an annual size of the industry was highly increased the number of the current number of funds has reached 512, with a total share of about 25,000 million copies . the rapid expansion of the industry demand for talent has led to explosive growth, according to statistics, the registered funds employing nearly 7,000 people, this data than a 75% increase two years ago. Even in a recession of the global financial industry, China The fund still has a great talent gap.
fund industry professionals on the most direct input is sell side (the seller) research institutions, many fund managers, researchers, practitioners and other funds are from the securities company. from the current situation, and other favorable conditions in terms of treatment, there are indeed buy side (buyer) strong institutional investors, sell side weak phenomenon, this imbalance led many practitioners continue to flow from the sell side buy side.
this conditions and other emerging market countries in Asia, the early development of very similar, for example, in Taiwan in 90 years the rapid development of financial markets in the decade, buy side a huge demand for talent, and continuously through the conditions to attract more persons sell side , leading officers of both sides have shown a very high mobility, difficult to maintain a high degree of team stability. But with the market maturing, the experience has been accumulated after the personnel, sell side of the conditions continue to improve, easing the imbalance in both , steady and gradually the movement of persons.
mature markets overseas, good seller than the buyer analysts fund managers have more influence in the market. I used to know a senior analyst for the semiconductor industry, he has 20 Analysis of years of industry experience in this industry are very familiar with, have also gone through several cycles of the industry. In particular, is well aware of some key companies, and contacts within the industry is very rich. he's on the industry trends and to determine not only a the impact of very large fund managers, many of the industry's CEO, as well as related investment banking staff will often ask him to grasp on the industry trends and judgments. As a result of recognition of many large institutional investors, who can influence the amount of money individuals are far greater than the individual Fund managers can influence the amount of money.
in the sell side based on past work experience, personal opinion is that the buyer work with compared to the sell side the obvious advantage of the work: the nature of the work is to serve the best funds managers or investment professionals, if the insights of a field, you have a chance to Soros, the investment guru Warren Buffett like to hear your suggestions. By and investment gurus in the business of the full range of communication explore their own professional knowledge of the self-improvement will be of great help.
while in the domestic market, raised funds for ordinary investors, major customers, customer's investment philosophy is relatively immature, the evaluation of fund managers methods are more narrow angle focus more on short-term, such as the current investors are concerned about the rankings, fewer fund managers to consider long-term stability, the main reason for its performance and sources of contributions. In this environment, professional training, career development is relatively difficult and risky.
According to my observation, in the early years of Taiwan, the rapid development of the investment market, had emerged more than 300 fund managers, except for a few, but after several rounds of market ups and downs, most of them disappeared the.
have encountered some hope to fund the work of analysts, although there are very good qualifications and potential, but the qualifications and experience is too shallow, the research industry has not even gone through one cycle, coupled with the environment caused by more Fuzao mentality. In fact, the seller should devote themselves to analysis of industry sector context, the use of institutional investors and buyers excellent communication and opportunities for investment managers, investment opportunities in the accumulation of experience to grasp, so as to lay a solid professional foundation for the future career the development of a broader way.
So think about this advice some are friends, now or leave it in the sell side.
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