Funds actively entering the market, new fund issuance exceeding 100 billion yuan for four consecutive months
2024-06-17
Positive signals are frequent on the funding side. On the one hand, the scale of newly established funds has exceeded 93 billion yuan since June, and with the upcoming establishment of new funds, the scale of newly established funds is expected to exceed 100 billion yuan in June, which is also the fourth consecutive month that the scale of newly established funds has exceeded 100 billion yuan. On the other hand, since May 23rd, the flow of ETF funds has changed, with over 30 billion yuan of funds entering the market through equity ETFs. According to Choice data, as of June 15th, a total of 62 funds were established in June, with a total issuance size of 93.73 billion yuan. Among them, bond funds play the leading role, with multiple popular policy financial bond index funds emerging. The issuance scale of China CITIC Prudential's 0-3 year policy financial bond index and E Fund's 1-5 year policy financial bond index are both around 8 billion yuan. The issuance scale of the 0-3 year policy financial bond index of Guolian Anzhong Bond is 6.66 billion yuan, and the scale of the 0-3 year agricultural bond index of Southern China Bond is nearly 6 billion yuan. In addition to bond funds, the issuance of equity funds has also rebounded. Specifically, the issuance scale of ICBC Credit Suisse CSI A50 ETF linked fund is 1.995 billion yuan, the mixed issuance scale of Baoying Value Growth is 813 million yuan, and the mixed issuance scale of Dacheng Zhuoyuan Vision is around 800 million yuan. It is worth noting that some funds have announced early termination of fundraising and are about to be established, which means that the issuance scale of new funds in June will exceed 100 billion yuan, marking the fourth consecutive month that the issuance scale of new funds has exceeded 100 billion yuan. Specifically, the China CITIC Bond 0-5 Year Policy Financial Bond Index Fund announced an early fundraising deadline of June 13th, with a maximum fundraising size of 8 billion yuan. According to sources, the subscription funds of the fund are close to the upper limit of the fundraising scale. In addition, CICC Jinchen Bond and Dacheng Hengsheng Healthcare ETF have also announced the early termination of fundraising and will soon announce the effectiveness of their fund contracts. More funds will be announced for establishment in June. According to statistics, there are currently 63 funds being issued, and according to the announcement of fund share issuance, the deadline for raising 26 funds is before June 28th. "From the perspective of the new fund issuance market, the issuance of bond funds is quite popular. Although some equity funds' issuance scale is also over 800 million yuan, overall, issuance is still relatively difficult." A channel insider from a certain fund company stated that as the market rebounds in the future, the profit making effect of funds will become apparent, and the issuance of equity funds is expected to further recover. Billions of yuan of funds continue to flow into ETFs. In addition to the new fund issuance market, ETFs have also become an important tool for fund allocation, and a large amount of funds have recently entered the market through ETFs. According to Choice's calculation, since May 23rd, as of June 14th, the net subscription amount of equity ETFs has been 33.967 billion yuan. From the perspective of capital flow, wide base ETFs have become an important target for capital expansion. Specifically, the net subscription amount of Huaxia SSE 50ETF is 6.108 billion yuan, Huatai Bairui Shanghai and Shenzhen 300ETF is 2.892 billion yuan, and the net subscription amounts of ICBC Credit Suisse CSI A50 ETF, Huaxia Growth Enterprise Market ETF, Huaxia SSE Science and Technology Innovation Board 50 Component ETF, Ping An CSI A50 ETF, and E Fund Shanghai SSE Science and Technology Innovation Board 50ETF are all above 1.2 billion yuan. Industry insiders say that institutional investors are more inclined towards broad-based ETFs. Based on recent trading volume of some broad-based ETFs, there has been a significant increase in volume, which may be due to institutional funds entering the market and selling out. At the same time, public and private equity positions are also at a relatively high level. According to calculations by Tianfeng Securities, as of June 14th, the median position of ordinary equity funds is 87.58%, and the median position of mixed equity funds is 84.87%. From the perspective of increasing positions, last week, active equity funds increased their positions in industries such as electronics, computers, media, communications, power, and utilities. The latest data from Private Equity Ranking Network shows that as of May 31, the latest private equity position index for stocks with a scale of 10 billion yuan was 74.11%, a 2.33 percentage point increase from May 24. This is the second consecutive week that a billion dollar private equity firm has increased its holdings in reverse, with a weekly increase of 2.33 percentage points being its second significant weekly increase since the beginning of this year. The first significant weekly increase in holdings occurred at the end of February, when the billion dollar private equity position index surged 4.12 percentage points in a single week. Afterwards, A-shares experienced a significant rebound. According to statistics, nearly 50% of private equity firms currently have full positions in billions of dollars. (Lai Xin She)
Edit： Responsible editor：
Source：
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email：lwxsd@liaowanghn.com
Economy
Recommended Reading Change it 
Home
