On the issue of new funds, Huaxia Fund Management Co., Ltd. (hereinafter referred to as "Huaxia Fund") issued a FOF on May 9, and Changxin Fund Management Co., Ltd. (hereinafter referred to as "Changxin Fund") issued a hybrid fund on May 10.
I. Development Trend of Fund Industry
1. Excellent funds open their doors to welcome guests, and the market repeatedly polishes the value style or continues to dominate.
Public Offering of Fund continues to sound optimistic about the long-term investment value of A-shares, and some products managed by star fund managers have "opened their doors to welcome guests". After the May Day holiday, fund managers with better performance this year have released the subscription of their management products to welcome the arrival of OTC funds. In the second quarter, the market may still bottom out repeatedly, but the allocation value has already appeared, especially the performance of value styles such as infrastructure, real estate and energy will continue to dominate.
Among them, Zhong Geng Value Pilotage, managed by star fund manager Qiu Dongrong, announced the resumption of large subscription business and cancelled the original subscription ceiling of 654.38+100000 yuan. In addition to Qiu Dongrong, there is also the champion fund manager who "opens the door to welcome guests" this year.
2. The first ETF with the theme of biological breeding appeared in the market, and seven fund companies reported it centrally.
On May 9th, seven fund companies reported the SSE Biological Breeding Theme ETF, which is the first SSE Biological Breeding Theme Fund in the market. Once accepted and approved for issuance, the ETF market will usher in new varieties.
The theme index of CSI biological breeding was released on 202 1 1 1 9. The securities of listed companies in the field of biological breeding, which is representative in Shanghai and Shenzhen stock markets, are selected as index samples to reflect the overall performance of the securities of listed companies in the subject of biological breeding. At present, the top ten heavyweights in the CSI biological breeding theme index account for 70.54%.
In March and May, Xinji market equity category once again became the "main force", and theme tracks such as high-end manufacturing were favored.
Recently, the market has continued to fluctuate, and some public offerings are ready to go. Including the 1 1 fund released on May 9, there will be 35 funds sold in the whole market in May, of which 2 1 are only equity funds, including hot track products such as new energy and high-end manufacturing, and products managed by well-known fund managers.
Different from the overall cooling of fund issuance in March and April, among the 35 funds issued in May, equity funds once again became the main force. Specifically, among the 35 funds, there are 7 partial stock hybrid funds 17 and 4 stock funds, accounting for 60% of the total. In addition, there are 4 medium and long-term pure debt funds and 4 partial debt mixed funds.
4. During the year, the number of fixed increase plans increased by 136% year-on-year, and the fund's "gold rush" increased.
Since the beginning of this year, listed companies have increased frequently, but the fund's enthusiasm for "gold rush" has declined. The data shows that since the beginning of this year, the number of fixed-income plans disclosed by listed companies has increased by 136% year-on-year, while the number of products and distribution scale of Public Offering of Fund participating in fixed-income plans have doubled, down by 59. 1% and 64% year-on-year, respectively.
At present, the supply of fixed projects exceeds demand, which belongs to the buyer's market. Recently, the market fluctuates greatly, the discount effect is not obvious, and the short-term market trend is not clear enough. At this time, investment institutions are omnipotent.
Because of the difference between quantitative private equity fund and other strategic products, its early warning line and flat warehouse line are different. Generally speaking, the warning line and flat position line of quantitative private equity funds are set below 0.9 and 0.85 respectively.
Two. Fund company dynamics
1. Shangtou Morgan's new ETF products have been put on sale, "aiming" at innovative drug research and development of high-quality listed companies.
On may 1 1, the ETF of Morgan Stanley's innovative pharmaceutical industry was launched. Morgan Stanley innovative drug industry ETF closely tracks the CSI innovative drug industry index, selects listed companies whose main business involves innovative drug research and development as selected samples, and selects no more than 50 most representative companies as sample stocks according to market value, reflecting the overall performance of listed companies in innovative drug industry.
Morgan Asset Management, the foreign shareholder of Morgan Fund, has been deeply involved in ETF for many years. By the end of February 2023, the total scale of ETFs managed by Morgan Asset Management Company was as high as $82 billion, and its product lines covered active ETFs, passive ETFs and intelligent BETA ETFs.
2. Baoying's new energy industry portfolio has been listed, and a base has been established.
Baoxin Energy Industry Hybrid Initiated Securities Investment Fund will be launched on May 1 1. The stocks invested by the Fund account for 60%-95% of the assets of the Fund, and the stocks of listed companies related to the theme of new energy industry are not less than 80% of the assets of non-cash funds.
The fund is managed by Hehou. Zhu Jianming joined Baoying Fund in May 20 1 1. He has been a researcher in the research department and an investment manager in the special account investment department. He is currently the deputy general manager of the equity investment department (presiding over the work) and the fund manager of Baoying Ruifeng's innovative and flexible allocation of hybrid securities investment funds.
3. The power ETF of Huatai Bairui Fund will be listed soon, with a total fund share of about 409 million.
On may 1 1, Huatai bairui fund announced that the power ETF will be listed and traded on may 16. According to the announcement, as of May 9, the total share of the fund was about 409 million, with a net share value of 1.0007 yuan. All the above fund shares will be listed and traded on May 16.
According to the data, the fund manager of Power ETF is Li Muyang, and the total assets under management are about 172.4.
700 million yuan. As of May 9, the number of fund share holders of power ETF is 4,393, and the average fund share held by each household is 9,365,438+030.93.
4. The initial fundraising scale is 2,465,438+0,000 yuan, and Dongfanghong Xiangmin has been selected to hold the mixed fund for one year.
On May 1 1, Dongfanghong Asset Management announced that Dongfanghong Xiangmin held the hybrid fund for one year, and the effective date of the fund contract was May 10. According to the announcement, the raising time of Dongfanghong Xiangmin's hybrid fund for one year is 18 from April to May 5, and the total number of valid subscriptions is 1944. During the raising period, the net subscription amount is about 24 10/00000 yuan.
Dongfanghong Xiangmin Select Mixed Fund holds it for one year, and adopts double fund manager mode. Hu Weiwei and Xu Mi, fund managers, are both senior people with rich investment and research experience in asset allocation and fixed income. According to the data, the fund assets under management in Hu Weiwei are about 654.38+06.846 billion yuan, and those in Xu Mi are about 654.38+07.930 billion yuan.
5. The total scale of Wang Hong's management is about 6.242 billion yuan, and he was hired as a fund manager by Honeycomb Tianhui Pure Debt Fund.
On May 1 1, Honeycomb Fund announced that Honeycomb Tianhui Pure Bond Securities Investment Fund had appointed wang hong as the fund manager. At the same time, Jin Zhijie stepped down as the fund manager of Honeycomb Tianhui Pure Debt Fund due to "internal adjustment".
Wang Hong joined the Fund Investment Department of Honeycomb Fund Management Co., Ltd. from June 5438 to February 2020, with total assets under management of about 6.242 billion yuan.
Third, the issuance of new funds.
1, Huaxia Fund issued FOF, and the product yield of 1 under Li Xiaoyi's name was red.
On May 9, Huaxia Fund issued a FOF, which is a hybrid sponsored fund held by Huaxia for three years (hereinafter referred to as "Huaxia holds hybrid sponsored fund for three years"), and the fund manager is Li Xiaoyi.
According to public information, China's goal of balanced pension has been holding the Hybrid Initiative (FOF) for three years, with "on the premise of controlling risks, striving for stable appreciation of fund assets through asset allocation and fund optimization" as the investment goal, and the investment scope is financial instruments with good liquidity. Including publicly offered funds (including QDII funds) approved or registered by China Securities Regulatory Commission, mutual recognition funds in Hong Kong, domestic stocks issued or listed according to law (including Growth Enterprise Market, Depositary Receipts and other stocks registered or approved by China Securities Regulatory Commission), stocks and bonds of Hong Kong stocks (including government bonds, central bank bills, financial bonds, corporate bonds, medium-term bills, short-term financing bills, ultra-short-term financing bills, subordinated bonds, government-backed institutional bonds and government-backed bonds). Local government bonds, convertible bonds, exchangeable bonds and other bonds allowed by China Securities Regulatory Commission), money market instruments (including interbank deposit certificates), asset-backed securities, bond repurchase, bank deposits and other financial instruments allowed by China Securities Regulatory Commission to invest in the Fund.
Li Xiaoyi, who joined Huaxia Fund from April 2065438 to April 2005, is currently the fund manager of China's preferred allocation of one-year closed-end equity funds (FOF-LOF) and China's industry allocation of one-year closed-end equity funds (FOF-LOF). Previously, Li Xiaoyi worked as a researcher and investment manager in the asset management department of CITIC Futures Company.
Since April 29, 2023, Li Xiaoyi has been the fund manager of China's three-year hybrid initiative (FOF) for balanced pension. As of May 2023 12, Li Xiaoyi * * * was the fund manager of four FOFs. Among them, as of May 9, 2023, Li Xiaoyi worked in Huaxia Juhui (FOF)A for 3 years 109 days, with a return rate of 29.22%.
2. Changxin Fund promoted a new mixed base, and two products under Ye Song's name lost to the same average level.
On May 10, Changxin Fund launched a hybrid fund, which is a hybrid securities investment fund for Changxin Enterprise in the three-year growth period (hereinafter referred to as "Changxin Enterprise holds hybrid A in the three-year growth period"), and the fund manager is Ye Song.
According to public information, Changxin Enterprise has held Hybrid A for three years, with the investment goal of "optimizing the investment of high-quality enterprises in various industries through proactive asset management and strictly controlling the risk of fund assets, and striving to provide investors with stable growth in investment income". The investment scope is financial instruments with good liquidity. Including domestic stocks issued or listed according to law (including Growth Enterprise Market and other stocks approved or registered by China Securities Regulatory Commission), depositary receipts, Hong Kong stock market stocks allowed to be traded by the interconnection mechanism between the mainland and Hong Kong stock markets (namely "Hong Kong stock linked stocks"), bonds (including government bonds, central bank bills, financial bonds, corporate bonds, medium-term bills, short-term financing bills, ultra-short-term financing bills, publicly issued subordinated bonds, local government bonds and government support). Convertible bonds, exchangeable bonds, separable convertible bonds and other bonds allowed by China Securities Regulatory Commission), asset-backed securities, bond repurchase, bank deposits (including agreement deposits, time deposits and other bank deposits), interbank deposit certificates, money market instruments, treasury bonds futures, stock index futures, stock options and other financial instruments allowed by China Securities Regulatory Commission to invest in the Fund.
Ye Song, who joined Changxin Fund in July 2007, is currently the fund manager of Changxin Lixin Flexible Allocation Hybrid Securities Investment Fund and Changxin Lee Tae Flexible Allocation Hybrid Securities Investment Fund. He is currently the assistant general manager, director of absolute income department and director of equity investment department, and executive member of investment decision-making Committee.
Since May 5, 2023, Ye Song has worked as a mixed A fund manager in Changxin Enterprise for three years. As of May 2, 2023, Ye Song * * * worked in the 10 hybrid fund. Among them, as of May 6, 2023, the growth rate of the selected fixed-income mix of Changxin enterprises in which Ye Song worked in the last six months was -20.24%, with an average of-15. 19%. By the end of May, 2023, 1 1, Changxin enterprises preferred to hold mixed shares for one year, and the growth rate was-18.06% within half a year, both of which underperformed the peers by an average of-15. 19%.
This article is from Kim.
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