According to the statistics of "China Business News", the new products issued by fund companies have two main characteristics: first, theme funds are prevalent; Second, big data products are favored. In the last three days, two fund companies have issued big data products. In addition to Internet giants such as BAT, Public Offering of Fund tried to cooperate with Internet financial information service providers such as Oriental Fortune and Straight Flush.
Through big data mining, fund managers can accurately estimate the fundamentals such as macroeconomics, industry prosperity and management level of listed companies, and investor behavior can be described more intuitively and accurately. Because retail investors dominate the market in China, it also leads to the trend that the pricing power of individual stocks turns to individual stocks, and the behavior of retail investors is worth studying.
However, according to the reporter's understanding, fund companies did not deliberately arrange the intensive issuance of new funds at the beginning of the year. Usually, the beginning of the year is not a good time to issue new funds. Many holidays, coupled with the Spring Festival, fund companies are not very happy to issue products at the beginning of the year.
More than 20 new funds were issued on the 3rd.
At the beginning of the new year, the speed of fund companies issuing new funds has also entered the fast lane. Only from 4th to 6th, 22 new funds were issued, including 15 flexible allocation fund, 2 mixed funds with partial debts, 2 common stock funds and 3 medium and long-term pure debt funds.
Wind statistics show that there are 49 funds whose subscription deadline is 65438+ 10, and 56 new funds are currently being issued. At present, the number and scale of new funds in June 5438+ 10 are expected to exceed that in February last year. In June 5438+February last year, among the top 10 of new fund raising scale, 52 fund companies issued 1 15 funds, and the number of funds issued in Public Offering of Fund decreased by nearly 30% year-on-year, of which 8 funds became currency principal guaranteed fund.
A fund analyst in Shanghai pointed out that the stock market has remained at a high level recently, and the market hotspots have changed rapidly, and the fluctuations have increased, and the overall mood is cautious.
Generally speaking, the end of the year is an intensive period for the release of new funds. This is because as the end of the year approaches, fund companies enter a state of scale. The newspaper noticed that the theme funds issued in June 5438+February were popular, such as Shanghai-Hong Kong-Shenzhen theme, environmental protection theme, cultural and sports consumption theme, Internet theme, intelligent manufacturing theme and big health theme. Theme funds have blossomed in an all-round way, and the instrumental and configurable functions of fund investment have become prominent.
During the period of 1, our reporter also noticed that the newly established funds include theme funds such as state-owned enterprise reform, cultural media, emerging industries, medical and health care, and several big data funds. One striking thing is that a large fund company in Beijing is issuing three new funds, two of which were launched on the 6th.
"Basically, the company reported the products and sent them again. It won't be because at the beginning of the year, as far as I know, this factor was not taken into account. The products just released by our company were approved last year and are out of sync with the bank. Send it when it's arranged. In fact, that time was not particularly good. " When a middle-level fund company in Shenzhen communicated privately with our reporter, it was admitted that the timing of fund issuance was not very good.
The above-mentioned person from a large fund company in Beijing told the reporter that he was not clear about the current issuance arrangement of the new fund. "I really don't understand, and I haven't paid much attention to this aspect recently. There should be no special considerations. " That's what it means.
An industry insider told this newspaper that the issuance speed of new funds is accelerating and the number of fund companies is more than before, mainly due to the arrangement of banks.
Big data products are frequent.
Among the newly issued funds, there are two big data funds, one is Haifutong Cai Dong Big Data, and the other is TEDA Manulife Tongshun Big Data. Previously, the fund company cooperated with BAT to launch products in an attempt to nugget big data. As the name implies, these two products are the cooperation between fund companies and Oriental Fortune and Straight Flush.
Big data is another subversive technological change in the IT industry after cloud computing and the Internet of Things. These data resources have triggered an information investment boom. At present, all investment-related behaviors such as investors' thinking, analysis, communication and decision-making can be big data.
An investment researcher in Beijing's Quantitative Investment Department positioned big data as "the new oil of the future", and based on big data, he hoped to "predict the trading results before they came out".
An internal PPT document of a fund company obtained by this newspaper shows that the fund company believes that big data factors include Internet data, financial report data, traditional behavior data, analyst behavior data, listed company behavior and valuation. For example, traditional behavior data includes price momentum, trading volume and turnover rate, while Internet data includes stock click-through rate and news release volume.
The investment researcher of the Quantitative Investment Department believes that the quotation software has more advantages than other carriers in terms of customer groups, investor coverage, industry stocks, investor feedback and data, and can better meet the needs of fund managers' investment foundation.
"China's trading entities are characterized by small and medium investors. Retail investors are the mainstay, emphasizing fundamentals. At the same time, institutional investors are getting younger and younger. Under the background that the proportion of institutional investors is decreasing, the pricing power will shift, and the behavior of small and medium investors will become more meaningful. The data in this internal PPT shows that after August 2009, the proportion of funds in tradable shares is negatively correlated with the excess returns of small-cap stocks.
"China Railway Construction has experienced a surge since June 5438+ 10 last year, but the fund participation is very small. The stock price is positively related to the amount of news and clicks. " The above-mentioned person from the quantitative investment department said.
So how to apply big data investment? According to a fund manager, the typical strategy is that after the emergence of low valuation, low transaction and low transaction, authorized stocks with behavioral data such as increased news volume and increased click-through rate will have opportunities to enter the market; When the click continues to be high, the stock price rises rapidly in the short term, the trading volume soars, and the institutions hold too many positions, it is time to leave.