The recent fund market is not very clear, so it is recommended to wait and see.

According to the data, from June to April this year, the number of new accounts opened by the fund was 8 1.5, 30.9, 32.9,135,000, respectively, showing a very obvious and significant decline. The number of new fund accounts opened in May continued the downturn in April, and the number of new fund accounts opened was only 106800, which was also the lowest monthly since 200610. Especially in the last week of May this year, the number of new accounts opened by the fund was only 1.93 million, which was less than 20,000 for the first time this year, and the enthusiasm for market investment funds was at the "freezing point".

Correspondingly, the initial scale of the new fund has dropped significantly. Statistics show that since the beginning of this year, 34 funds have been established (category A and category B are calculated separately), of which 13 funds raised less than 1 100 million yuan for the first time. These "mini" funds were established after April, and most of them were established in May. For example, Tianzhi Innovation Pioneer Fund still raised only 248 million yuan after the issuance time was extended to 44 days, just reaching the "life and death line" of 200 million funds, setting the worst new fund issuance performance in the fund industry since 1 1 year; The initial scale of Xincheng Shi Sheng Blue Chip Fund, which has just been raised, is nearly 456 million yuan; Even Bosera Fund, which has one of the largest asset management scales, has just increased the initial scale of Bosera Chartered Value Fund to only 477 million.

Old wounds have not healed, so add new ones.

A person in the marketing department of a fund company said that the new fund sales market was once again "bear", which was not unrelated to the short-lived "4 24" market, which made the old wounds of the people unhealed and added new injuries. On April 24th, stimulated by the reduction of stamp duty, the stock market rebounded. The "4 24" market made a slight turn for the troubled issuance of new funds, when the subscription of new funds picked up.

However, after entering May, the stock market did not appear "Red May" as expected, but continued to adjust, which made the partial stock new fund established this year quilt.

According to the statistics of Tianxiang Investment Co., Ltd., as of June 4, the net value of fund units established in March or April, such as CCB Advantage, Puyin Value, Soochow Industry Rotation and Xingye Social Responsibility, were 0.923 yuan, 0.94 yuan, 0.97 12 yuan and 0.959 yuan respectively, which fell below the face value of the whole line.

As of May 30th, among the seven partial-share funds established in May, only Galaxy Growth Fund has a unit net value higher than 1 yuan, which is 1.0004 yuan, while the unit net values of Nuoan Allocation, Shangtou Dual-core, Harvest Select, Bosera Franchise and Guo Fu Tiancheng all fell below 1 yuan. Due to the rapid opening of positions, Tianzhi Innovation, which was established on May 8, had fallen to 0.936 yuan on May 29, a decrease of 6.40%. With the further decline of the stock index this week, the net value of the above-mentioned funds will continue to fall, and it is also expected that the net value of the Galaxy Growth Fund will fall below the face value.

The continuous spread of loss effect not only adds new wounds to the old wounds of the people, but also challenges the difficult new fund issuance again. In addition, the fund sales market is at the "freezing point", and nearly 10 new funds appear at the same time, which even leads to a situation of "more monks than porridge". It is reported that up to now, 1 1 funds have been forced to extend the raising period, and more and more fund companies have begun to fight for the "life and death line" of 200 million shares. Even many fund companies have used the tactic of fixed investment to subscribe for new funds, hoping to meet the conditions for establishment as soon as possible.

Or indicate the bottom of the stock market.

Wang Qunhang, director of fund research at Galaxy Securities Research Institute, said that from another perspective, although the current sales situation of open-end funds is not optimistic, according to past experience, whenever this happens in fund marketing, it is usually caused by huge losses after the stock market has fallen sharply continuously. Therefore, the basic situation of the current market may only face a better investment opportunity.

On June 6, 2005, the Shanghai Composite Index was once at a low level of 998.23 points, and the number of new accounts opened by the fund in that month was only 23,000. Then the stock index bottomed out, and the market experienced a unilateral bull market for two years.

However, it was pointed out that today is different from the past. After all, great changes have taken place in macro level, capital level, profitability of listed companies and market participants. From this perspective, most newly issued hybrid funds reduce the upper limit of stock investment from 95% to 80%. On the one hand, it can control the scale of funds raised by the fund to a certain extent, so as to avoid large-scale incremental funds entering the market and push the A-share market to irrational prosperity again. On the other hand, further control the risk of the fund itself.