In order to ensure the fund scale and performance level, excellent funds with rising net worth and bursting money-making effect ushered in a "restricted purchase tide" in the fourth quarter. Recently, a number of active equity funds have announced the suspension of large-scale subscription, and outstanding funds that are being sought after in the market have successively issued "customer restriction orders".

165438+1October16, Huaan Science and Technology Power Hybrid Fund announced that the cumulative subscription, transfer and fixed amount of each fund account in a single day should not exceed 10000 yuan. 165438+1October 17, Shenwan Lingxin Competitive Advantage Hybrid Fund announced that it decided to adjust the fund's large subscription, fixed investment and transfer-in quota from June165438+1October 20, that is, to suspend individual fund accounts.

Judging from the performance of the above funds, as of June 5438+065438+ 10/7, the yields of Huaan Science and Technology Power Hybrid Fund and Shenwan Lingxin Competitive Advantage Hybrid Fund this year are 19.2% and 30.69% respectively.

Wind data shows that as of June 165438+ 10/7, there are as many as 43 active equity funds that have suspended large subscription since the fourth quarter of this year; Since the beginning of this year, 54 of the 499 active equity funds with a yield of over 20% have suspended large subscription, accounting for 10.82%.

"Avoid new large sums of money to dilute the income of existing holders." A medium-sized public equity fund manager in Beijing said that the current market position is high and the value stocks are not cost-effective. However, there are still no obvious investment opportunities for growth stocks, and new big funds will also face the problem of opening positions, which is the main reason for adopting the purchase restriction.

Judging from the amount of purchase restriction, the current single-day large subscription amount of purchase restriction funds ranges from 1000 yuan to 20 million yuan. Among them, the most single-day subscription thresholds are 6,543,800 yuan and 6,543,800 yuan, and the number of funds that set these two thresholds both exceeds 654.38+ 00.

The above fund managers believe that this is mostly related to the size of the fund. For large funds of more than 5 billion yuan, the threshold of large-scale subscription in a single day may be put on the threshold of several million yuan; However, for small funds below 500 million yuan, the threshold for purchase restriction may be lower.