On the first trading week of June 5438+ 10 (June 10 to June 14) and the first trading day, the number of newly issued funds was 25 and 16 respectively. In addition, if more than 70 funds are currently being issued, the number of newly issued funds will exceed 1 10. So today, Bian Xiao is here to sort out the number of new funds. Let's have a look!
Welcome layout of overflow track
Specifically, the reporter found that the current number of new funds is not only considerable, but also presents the following three highlights:
First of all, the "new veterans" in stock funds have attracted attention. Wind data shows that among the 44 funds to be issued, there are 16 hybrid funds and 4 equity funds, accounting for nearly 50%, among which there are many "veterans". Among them, Xu Yuan, the first product managed by Zhao Yi, the "public offering champion" in 2020, who joined the Quanguo Fund in March this year, holds a hybrid fund for three years, and will be launched in June 65438+1October 65438+March, with a limited sale of1billion yuan. He Jie, 202 1 (currently acting as the executive general manager of Ping An Fund Equity Investment Center) was transferred to Ping An Fund from Qianhai United Fund in August, and its first new product, Ping An Value Pilot, has been released.
Second, in the track fund, oversold tracks such as "consumption" and "Hong Kong stocks" ushered in the layout. Take "consumption" theme products as an example. Yingyong Consumer Trust selects fund managers who have been sent 10 or above for 6 months, which is a great opportunity for consumption. Huang Yun, a proposed fund manager selected by Yingyong Consumer for six months, has 65,438+06 years of experience. The fund excavates related listed companies that provide high-quality products, services or solutions to residents through new technologies or new business models with leading advantages to directly or indirectly improve people's quality of life. In terms of Hong Kong stocks, the digital economy of Hong Kong stocks in China and Europe was put on sale from 10 to 17; The quantitative selection of Huatai Bairui Hong Kong Stock Connect, headed by Tian Hanqing, deputy general manager of Huatai Bairui Fund, is currently being issued.
The third is to pretend to be a famous official and focus on "stable income". Guangfa Jingyi Bond Fund led by Wu Di, assistant general manager of the fixed income management headquarters of Guangfa Fund, and Bosera Hengyao Bond Fund led by Bosera Fund Guo Jun were put on sale on June 10. Jing Shun Great Wall Steady Income Debt Base managed by Peng has been on sale since 20071October 65438+. In addition, the debt base of China Merchants Anyue 1 year managed by Malone is currently being issued.
More new funds may be issued in the fourth quarter.
In fact, since the third quarter, under the background of market fluctuation, new funds have gradually picked up. In the fourth quarter, the trend of low-level layout of public offerings became more and more obvious.
According to the research of Yin Ke Institute of Finance, with the downward fluctuation of A-share market, the "Jin Jiu" did not arrive as scheduled in September this year, and the performance of equity funds declined again. In September, except for the cargo base and less than 80% of the debt base, hybrid and equity funds were almost wiped out, and less than 10% of QDII funds achieved positive returns. Even so, in September, the overall stock position of partial stock funds rose slightly from last month. As of September 26th, the stock positions of common stock funds and partial stock hybrid funds were 87.5% and 83.4% respectively.
In addition, Yin Ke Financial Research Institute believes that since June, the scale of newly issued funds has exceeded 654.38 billion for four consecutive months, and the issuance market has gradually picked up, and bond funds still occupy the mainstream. Because when the market environment is relatively depressed, investors' risk appetite has declined, and bond funds with safe-haven demand and stable income demand are more favored by investors. Wind data shows that in the first, second and third quarters of 2022, the newly established fund shares were 273.829 billion, 4654.38+065438+065438+0.88 million and 438885438+0 million respectively. Since the third quarter, the fund issuance share has increased by 5.28% and 58.06% respectively compared with the previous two quarters.
According to Wang Hongying, president of China (Hongkong) Financial Derivatives Investment Research Institute, after the sharp adjustment of A-shares this year, the valuation of most stocks is close to a relatively reasonable range, and the influence of the post-interest rate hike era in the United States on the global financial market is gradually weakening, which makes the market liquidity tend to be stable. "Therefore, since the third quarter, relevant economic data has recovered to a certain extent. In this context, the stock market, as a barometer to predict the macro-economy, will also have more and more institutions to choose to hold stocks at a low level, which has also become the main background for the large-scale issuance of new funds at this stage. With the overall improvement of the macroeconomic situation, the stock market valuation level tends to be reasonable, and the risk of further market decline can be controlled. It is expected that more new funds will be issued in the fourth quarter. "
Fund managers are not omnipotent.
"The basic market is not good, which affects the enthusiasm of investors to enter the market. The probability of issuing new funds in 2022 will be less than 202 1. " Wang Qunhang, director and deputy general manager of 100 fund companies, said that the phenomenon of "explosion" in the previous two years caused many investors to reflect. At present, the market is not good, and fund companies can't create "stars".
Reflecting on the phenomenon of "star-making" before is really talking about the * * * reaction of many public investors when the fund is issued.
"The fund manager is also an ordinary person. It is unrealistic and impossible for fund managers to expect that they can not only grasp the hot track market, but also escape from the top in time before the plunge, as well as have macro trend prediction and large-scale asset allocation. " Li Han (pseudonym), a small and medium-sized public offering executive, told reporters that in the structural track market in recent years, fund companies have concentrated various resources to build star fund managers, which has really attracted a lot of funds. This is a development strategy. However, according to the past performance of fund managers, the basic people who entered the market when the market rose eventually took on the sharp withdrawal brought by the high-level issuance of funds, which should not be.
"After several rounds like this, not only did the people's investment confidence suffer setbacks, but fund managers also fell from the' altar' to' hell' many times. This is not conducive to the rational and sustainable development of outstanding talent resources such as fund managers, but it is also a relatively short-sighted behavior for fund companies. If we want to optimize the development ecology of public offering in the future, I think we should make some changes in fund issuance as a breakthrough. " Li Han said.
Li Han told reporters that the fund should reach an understanding with the fund manager before the investment operation, and make clear the investment objectives and performance evaluation standards of the fund products. "The design of fund products should match the competence circle of fund managers, and it is more important to emphasize the trinity of basic people, fund products and fund managers, match the appropriate investment strategy, and then choose fund managers with investment styles suitable for the competence circle to manage products, so as to ensure that the actual operation performance of products is consistent with product positioning and enhance the investment experience of basic people."