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Securities Times reporter Fang Li
Since the Year of the Ox, the A-share market has experienced turmoil, and overlapping equity funds have been issued together, and the market for new fund sales has cooled significantly.
Wind data shows that on March 1, the new fund issuance market ushered in 25 new fund launches, many of which were new products from well-known fund managers such as Southern Fund Yingshuai, China Universal Fund Hu Xinwei, China Merchants Fund Wang Jing, China Europe Fund Wang Jian and other renowned fund managers. However, a Securities Times reporter learned from banks and other channels that many well-known fund managers “blessed” products that did not appear to be hot underwriting scenarios as expected.
On Monday morning, news broke that the issuance of new funds was generally flat. A new fund raised by a well-known fund manager in southern China was only a few hundred million yuan in size. At four or five in the afternoon, the proceeds of a well-known fund manager in Shanghai raised more than 4 billion yuan, which became the highlight of the day, in contrast to the earlier issuance boom.
The general issuance data for the new fund also shows a decline in enthusiasm for issuance. Wind data shows that the average single fundraising scale of new funds established since February was 2.472 billion yuan, compared with 4.018 billion yuan in January. Among them, the average scale collected from hybrid funds in February was only 2.96 billion yuan, compared with 5.339 billion yuan in January.
The number of “sunlight-based” products, a key indicator of the popularity of the new fund offering market, has plummeted. Among active part-stock funds established in February, only 9 funds were sold in one day, while in January, 28 active part-stock funds completed the one-day offering.
A channel source from a Shanghai fund company said the popularity of the new fund is closely related to the stock market. Recent fluctuations in A shares have reduced market sentiment and investor confidence. In addition, the new funds encountered a callback and some investors experienced floating losses, which also affected the entry of new funds to the market.
However, the enthusiasm of fund companies to roll out new equity products has not diminished in the least. According to the announcement released as of March 1, based on the fund’s subscription start date statistics, the total number of new funds issued on March 2 reached 75. The latest fundraising start date is the 6 of April. It is foreseeable that 3 The fund The issuance market was crowded in December and April.
A person from a large public offering market department in South China said that although the new fund issuance market has cooled to some extent, the products managed by the star fund managers of large and medium-sized fund companies still they have good fundraising results, and the overall issuance of new funds should not decline significantly.Return to Sohu to see more
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