Fund Industry “Golden Nine” Issues New Record Survey

Original title: Investigation of the fund industry’s “Golden Nine” launching a new high. Left-handed solid income and right-handed ETF new products. The scale of the competition is beyond traditional products, and the company is focusing on the layout of distinctive innovative products.

Maybe, for example, the first batch of commodity futures ETF products recently launched in the market has attracted a lot of attention from the market.

  In September, the issuance scale of public funds’ new funds climbed for a longer period of time, until the issue size on September 25 exceeded 140 billion US dollars.

  21st Century Business Herald reporter statistics show that in September, there were 61 funds raised in total (share share statistics), of which 22 were medium- and long-term pure debt funds, and 19 were passive index funds, the two with the largest number.Fund type.

  In fact, these two products with relatively concentrated distribution recently represent to some extent the trend of the public offering market this year.

  The left-handed right-handed ETF has become the “standard” for many public funds.

  The reporter combed and found that, for example, many fund companies such as Yinhua Fund, Haifutong Fund, Tianhong Fund recently promoted fixed income products, and fixed income products have become the trend of the annual guest list.

  In addition to fixed income products, the other hottest player of the year is ETF.

Data show that as of September 25, the size of non-monetary ETF funds totaled 5505.

1.5 billion yuan, compared with 3769 at the end of last year.

The scale of 37 trillion has increased by 1735.

7.8 billion.

  Seeing the end of the year in the scale of public fundraising wars, companies have begun to move, the “scale war” horn has sounded.

  Countdown to the end of the year-end war “We mainly focus on ETFs and fixed income products.

“On September 26, a public fundraiser in South China told a 21st Century Business Herald reporter.

  For ETF products, explosions are frequent.

  On September 20, 4 state-owned enterprise innovation-driven ETFs belonging to 4 fund companies belonging to the four fund companies of Boshi Fund, Harvest Fund, GF Fund, and Wells Fargo Fund were formally established, and the total issued share of the four funds reached 406.

8.7 billion shares, of which the first fundraising scale of the Bosi central enterprise innovation-driven ETF fund was 167.

3.5 billion shares, the largest ETF fund raised since September.

  Subsequently, the first Guangdong-Hong Kong-Macao Greater Bay Area themed ETF issued by Ping An Fund was established on September 23. The initial fundraising scale of Ping An Guangdong-Hong Kong-Macao Greater Bay Area ETF was 60.

100 million copies, second only to the Bosi Fund, Harvest Fund, and GF Fund’s three state-owned enterprise innovation-driven ETFs.

  According to our reporter, there are 7 ETF products that have been established since this year.

In addition to the four in September, there are the rich country CSI military leader ETF established in July, the Huitian CSI China Securities Yangtze River Delta integrated development ETF and the ICBC Shanghai and Shenzhen 300 ETF established in May.

  Prior to this, in October last year, the number of ETFs issued by the structural adjustment of central enterprises issued by a number of Chinese companies also exceeded 10 billion, 252 respectively.

22 billion copies and 158.

88 billion copies.

  It is precisely for this reason that when communicating with our reporters, some fund companies said that ETF products are still one of the focus of promotion.

  Perhaps, for example, Huaxia Fund said that ETF funds in the products to be launched are relatively speaking; Penghua Fund, Tianhong Fund, CCB Fund and other companies at the time instructed continuous marketing of index products.

  ”Unified, the rapid development of ETFs provides investors with diversified trading tools.

Historical data statistics show that combined with the experience of other mature markets, the liquidity of the stock market shows a trend of head stock concentration, and the liquidity of some small and medium market capitalization stocks will decline significantly in the future.

Therefore, the exchange of less liquid constituent stocks for ETF shares will not only avoid the risk of black swan stocks for ordinary investors, but also enjoy better liquidity of ETF products.

“Talking about the reasons for the popularity of ETF funds, Chen Long, the proposed fund manager of Penghua CSI 500 ETF, said.

  At the same time, several fund companies, including Yinhua Fund, Haifutong Fund, Tianhong Fund, etc., also proposed a layout in the fixed income business.

  ”In addition to index funds, for institutional customers such as banks, we still mainly use fixed income products to operate.

A person in Tianhong Fund said, “At the same time, the demand for fixed income products on the Internet is also delayed, and it can also fill the currency fund to a certain extent.

“Yinhua Fund and Haifutong Fund also focused on the promotion of” fixed income + “products in the near future.

  ”The overall macro environment is more favorable for the bond market.

“Zou Weina, Yinhua Fund’s fixed-income public investment director, said.  The number of new bond funds issued this year has also clearly sharpened the enthusiasm of companies.

  Wind data shows that there are a total of 448 medium- and long-term pure-debt funds and short-term pure-debt funds issued as of September 25 this year (shared statistics), an annual increase of 62.

32%, of which there are 108 short-term pure debt funds, with an annual increase of 620%.

  Another remarkable feature of the strong reversal of innovative products is that, in addition to traditional products, most companies are focusing on the distribution of a variety of unique and innovative products.

  Maybe, for example, the first batch of commodity futures ETF products recently launched in the market has attracted a lot of attention from the market.

  On September 24, the Huaxia Feed Soybean Meal Futures Fund affiliated to the Huaxia Fund was formally established with the first fundraising of 2.

6.6 billion.

  Huaxia Fund said that soybean meal futures ETF is an important asset allocation tool. Soybean meal was selected because the correlation coefficient between soybean meal and stocks and bonds was converted to a negative value, so that the allocation of soybean meal could disperse asset risks.The trading volume of agricultural futures ranked first; the price of soybean flour futures of Dashang Exchange was linked with the international market, and the market was high.

  In fact, the launch of the first batch of commodity futures ETF products has also spurred the enthusiasm for the layout of more public funds.

  According to the 21st Century Business Herald reporter, CCB Fund is about to launch the CCB Energy and Energy Futures ETF.

  ”Combination, commodity futures and stocks, debts have low correlation. Adding commodity futures to the portfolio can effectively diversify portfolio risks; transformation, the trend of commodity futures is a direct reflection of commodity prices, and is an important component of general price levels.It is more sensitive to inflation, and adding commodity futures to the portfolio can hedge the risk to a certain extent.

“The CCB Fund said.

  In addition, there are more fund companies with special industries and concept ETF products.

Perhaps this is the ETF launched by Penghua Fund to track the wine index; the first ETF launched by Ping An Fund in the Guangdong-Hong Kong-Macao Greater Bay Area; and the recent technology-based ETFs launched by many fund companies such as Huabao Fund and Huaxia Fund.

  In addition to stocks, bond ETF products have become the blue ocean in the eyes of too many public funds.

The Air Force, the Haifutong Fund and other merged companies have successively launched local 杭州桑拿网 debt ETFs.

  ”The local debt ETF is not a better product innovation direction, but also an important part of strengthening the construction of the local debt market ecosystem.

“Sun Haizhong, assistant to the general manager of Haifutong Fund and director of fixed income investment, believes.

  Relatively speaking, some special ETFs have also gained a good scale.

Among the 49 ETFs set up this year, among the first products with a scale of more than 2 billion, the featured theme products cover the innovation-driven ETFs of central enterprises, the Guangdong-Hong Kong-Macao Greater Bay Area ETF, local government debt ETFs, and so on.

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