[New fund issuance approaching trillion yuan and 300 billion yuan in capital during the year to enter the market by "base"] On November 15, Zhongrong CSI 500 ETF and Wells Fargo CSI Technology 50 ETF were established. So far, 843 new funds have been established since this year. Only, the total fundraising scale reached 990 billion yuan, which is gradually approaching one trillion yuan. As a matter of fact, as of November 18th, the reporter of the Securities Daily issued another 124 funds in the issuance of new funds, and the issuance of new funds exceeding RMB 1 trillion during the year is already on the plate. This will also be the third after 2015 and 2016. Years when the scale of new fund issuance exceeded one trillion yuan. (Securities Daily)
On November 15, the Zhongrong CSI 500 ETF and the Wells Fargo CSI Technology 50 ETF were established. So far, 843 gold funds have been established this year, with a total fundraising scale of 990 billion yuan, which is gradually approaching one trillion yuan. As a matter of fact, as of November 18, the reporter of the Securities Daily issued another 124 funds in the issuance, and the bank ’s breakthrough of RMB 1 trillion during the year is already on the table. This will also be the third after 2015 and 2016. The year when the scale of gold issuance exceeded one trillion yuan.
The frequent appearance of explosive equity funds and ETF products will also provide a steady stream of funds for the stock market. The reporter combed and found that as of November 18, there have been as many as 370 newly established equity funds (including active management funds and equity index funds) this year. According to the latest public fund fund measurement results, these 370 equity funds will be Provide 299.495 billion yuan of market capital.
In 2019, there is no suspense that the scale of new fund issuance will exceed one trillion yuan. As of November 18, there were 843 newly established funds in the public fund market this year, with a total raised scale of 990 billion yuan. Another 124 funds are in the fundraising stage, and 9 funds are about to enter the issuance. According to the minimum establishment standard of 200 million yuan for a single fund, the size of newly established funds this year is at least 10166 billion yuan.
Compared with previous years, the scale of newly established funds this year will be at least the third highest in history. In the whole year of 2018, a total of 858 funds were established with a total scale of 902.625 billion yuan; in the whole year of 2017, a total of 979 funds were established with a total scale of 784.578 billion yuan; in the whole year of 2016, a total of 1153 funds were established with a total scale of 1.09 trillion yuan; in 2015, a total of 852 funds were established, with a total scale of 1.66 trillion yuan.
Explosive equity funds have appeared frequently since the beginning of this year, helping the size of the newly issued fund break through one trillion yuan. Starting from Fu Pengbo's Ruiyuan growth value, the fund raised 71 billion yuan a day to sell, and the final placement ratio was 7.03%; subsequently, Huitian Rich Dividend Growth Mix A, Southern Zhirui Hybrid A, Southern Zhicheng Hybrid and other equity funds The initial fundraising scales are more than 3 billion yuan; in October this year, Xingquan Hetai regained the heat of one day's sales, nearly 50 billion yuan of funds were subscribed, and the final placement ratio was 12.12%.
The explosion of funds this year has nothing to do with the supervision of encouraging the development of equity funds in recent years. Previously, the regulatory authority issued a notice to reduce the review cycle of the fast registration mechanism products. Four regular products of active equity, passive equity, hybrid, and bonds can be included in the rapid registration process. Among them, equity, hybrid, and bonds The registration period of such funds does not exceed 10 days, 20 days, and 30 days, which is more than 2/3 shorter than the original registration cycle and far lower than the statutory 6-month registration cycle.
Including ordinary stock funds, partial stock hybrid funds, balanced hybrid funds, index funds that track stock indexes, and ETF products, a total of 370 equity funds were newly established this year, raising a total of 338.5 billion yuan, accounting for all newly established funds 30% of the scale.
"Securities Daily" reporter noted that this is mainly due to the emergence of more large-scale institutional custom funds in the newly issued funds this year, such as Minsheng Bank of China and ChinaBond 1-3-year agricultural issuance of bond index funds, whose initial fundraising scale exceeded 22 billion yuan. In addition, the issuance scale of many bond index funds such as BOC ChinaBond 1-3-year China Development Bank bond index fund and BOCOM-ChinaBond 1-3 year agricultural development bond index all exceeded RMB 10 billion. The scale of the three-year fixed-term debt base, the Minsheng and Yinjuxin three-year fixed-term debt base, and the China-Canada profit-making three-year fixed debt base are all above 9 billion yuan.
Compared with bond funds, equity funds have a certain allocation ratio in the A-share market, so the emergence of explosive equity funds often attracts more attention from investors than the emergence of explosive funds. Since May of this year, the historical valuation position of the A-share market has coincided. After the establishment of the above equity funds, the position opening period can just “sell the bottom” of A-shares.
The latest public fund position calculation report released on November 18 shows that as of November 15, the median position of ordinary stock funds was 88.6%, which was an increase of 0.4% compared with last week's estimate. The number of digits was 86.3%, which was an increase of 1.1% compared to last week's estimates. The current position estimates of ordinary stock funds and partial stock hybrid funds have quantile points in the series of position estimates since 2016 of 60.4% and 82.7%, respectively. , In a relatively high position.
Based on this position level, 370 equity funds newly established since this year, with a total fundraising scale of 338.5 billion yuan, will have 299.495 billion yuan in capital to enter the market after the completion of the position. Among them, the newly established Boshi Central Enterprise Innovation Driven ETF, Harvest China Securities Central Enterprise Innovation Driven ETF, and GF Central Enterprise Innovation ETF are the three largest products of newly established equity funds this year, which will provide nearly 40 billion yuan in capital to the market. .
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