(Original title: 22.9 trillion yuan! Soaring to a new high again!)
Approaching 23 trillion! The total scale of public funds reached a new high.
Continued to start the “supplying of gold” model in April, after a one-month increase of 947.515 billion yuan, this pace continued in May, with a one-month increase of 402.254 billion yuan. This has set the scale of the entire industry to a record high. The total scale has approached 23 trillion yuan, reaching 22.91 trillion yuan.
The latest public fund scale data disclosed by the Fund Industry Association on the evening of June 21 reveals this situation. This time, bond funds have become the main force of scale growth. Obviously, such products have become a “safe haven” for the citizens in the shocking city. However, on the whole, the six major types of funds all saw scale growth in May, and they all maintained a good momentum.
The total scale of public funds hit a new high
There is no highest, only higher!
The market fluctuated in April and May, and the scale of public offering funds grew rapidly. At the end of May, the scale of public offering funds broke the highest record set in April, setting a record high.
According to data released by the Fund Industry Association on the evening of June 21, as of the end of May 2021, there are 135 domestic fund management companies in my country, of which 44 are Sino-foreign joint ventures and 91 are domestic companies; securities companies that have obtained public fund management qualifications or There are 13 asset management subsidiaries of securities companies and 2 insurance asset management companies. The net asset value of public funds managed by the above institutions totaled 22.91 trillion yuan.
Compared with the end of April, the monthly scale of public funds in May increased significantly by 402.254 billion yuan, an increase of 1.79% from the previous month. The overall share of public funds reached 19.61 trillion in May, an increase of 59.153 billion. Judging from the first five months of this year, the absolute value of the scale growth in February and April of this year was relatively high. In February, driven by the stock market, the scale of public funds increased by 1.89 trillion yuan, while the growth in the size of funds approached 10,000 yuan in April. Billion, reaching 947.515 billion yuan.
As the market strengthened, the upsurge of public funds ignited. Since July last year, the scale of public offering funds has achieved positive growth for 8 consecutive months. In just 8 months, the scale has soared by nearly 5 trillion, driving the overall scale of public offering funds to exceed 18 trillion, 19 trillion, and 20 trillion. The four integer thresholds of one trillion yuan and 21 trillion yuan have set a record high for seven consecutive months since August last year, and broke the 21 trillion mark in February this year.
However, in March this year, the total size of the two major categories of equity and hybrid funds decreased by nearly 300 billion yuan, which led to a reduction in the overall size of public funds of 221.848 billion yuan, and the total size fell back to 21.56 trillion yuan. It only resumed positive growth in April this year. And May is the continuation of April’s growth.
All six types of funds are growing positively
In May, the A-share market showed a clear recovery. Among the major A-share market indexes, the Shanghai Stock Exchange, Shenzhen Component Index, Shanghai and Shenzhen 300, ChiNext Index, China Securities 500, and Science and Technology 50 Index coefficients rose, especially the Science and Technology 50 Index. The ChiNext Index surged 9.11% and 7.04% in May, activating market sentiment.
In this pattern of the market, there was an increase in the scale of all six types of funds in May.
Let’s first look at equity funds. The share of equity funds that shrank in April but the size of equity funds increased, and that still exists in May. The data shows that the overall share of equity funds shrank slightly in May, a month-on-month decrease of 14.974 billion shares, a decrease of 1.12% from the previous month. However, due to the growth of the fund’s net value, the total size of equity funds still increased by nearly 109.368 billion in May, an increase of 5.17% from the previous month, and the latest scale reached 2.23 trillion.
Like stock funds, hybrid funds also experienced share shrinkage but growth in scale in May. The size of the hybrid fund increased from 5.24 trillion in April to 5.39 trillion, a monthly increase of 148.995 billion yuan, a month-on-month increase of 2.84%. However, in May, the share of the mixed fund shrank by 17.923 billion shares, with a shrinkage ratio of 0.5%.
The main force supporting share growth in May is bond funds. The share of bond funds in May increased to 58.512 billion shares, or 2.39%, while the scale increased to 84.535 billion yuan, or 3.06%. At the end of May, the total size of bond self-funds reached 285 million yuan.
In addition, some idle funds also flowed back to the “transit station” of currency funds when the stock market fluctuated. The latest data shows that the monetary fund increased by 11.37 billion yuan in a single month in May, an increase of 0.12% from the previous month. Since October last year, monetary funds have achieved 8 consecutive increases in scale, and the latest scale has climbed to 9.599 trillion. However, under the general trend of the rise of equity funds, the proportion of monetary funds in the total scale of public funds has exceeded 50% from the earlier. 60% dropped to around 42%.
QDII also achieved positive growth in share and scale from the previous month. In particular, QDII fund shares increased by 7.19 billion in May, an increase of 6.81% from the previous month. At the same time, the scale also increased by 10.455 billion yuan, or 6.57%, which was the highest increase in scale and share in May. A type of fund. In addition, the scale of closed funds has also grown.
Sales of new funds have rebounded significantly since May
After the Spring Festival, White Horse stocks plummeted, fund sales were once hit, and the scale of new fund raising dropped sharply.
However, as the stock market rebounded in April and May, the net worth of many funds regained their losses after the Spring Festival, and the fund sales market also ushered in a structural improvement. Judging from the latest establishment of new funds in May, the establishment of new funds in May broke through the 100 billion yuan mark, reaching 131.907 billion yuan.It is worth mentioning that the issuance of new funds in June was very hot. As of June 20, new funds had been established in June and the total raised scale reached 172.407 billion.
There are also some large-scale funds, such as E Fund, which was established on June 8th, held for one year and raised over 12.925 billion yuan. Harvest, established on June 9th, took the lead, raising 7.905 billion copies. The initial scale of Huitianfu Consumer Selection, which was established on May 21, reached 7.814 billion yuan, and the fundraising scale held by Nanfang Baoheng and Yifangda Yuexin reached 7.767 billion yuan and 7.683 billion yuan respectively. The enhancement of the China Merchants China Securities Consumer Leading Index and the core growth and sales scale of HSBC Jinxin both reached 5 billion, which attracted the attention of the industry.
List of new funds raised since May
The stock market is gradually picking up
Half-course fund performance ranking battle is fierce
Affected by the big development of equity funds in 2019 and 2020, the focus of market attention is basically on active equity funds, especially the trend of fund performance under the shocking market this year is even more touching.
With almost two weeks of trading time left, the 2021 active equity fund half-time competition is about to end. WIND information data shows that as of June 21, the current half-time championship battle is fiercely competing.
Since the beginning of this year, Lin Yingrui, who has been firmly in the top spot, has a leading GF value and was originally a popular choice to win the championship in the half of 2021, but the recent market turmoil has risen sharply. Since June, GF is leading the way in value, and the half-time performance champion is GF Multi-Factor. The fund manager of the fund is Tang Xiaobin.
Statistics show that as of June 21, GF Multi-Factor has risen 44.56% this year, making it the best-performing active equity fund.
Following closely behind is Baoying’s advantageous industries, which have returned 44.12% this year. The gap between the fund and GF Multi-Factor is very small, only 0.44 percentage points. It can be said that “the competition is very fierce.”
GF is leading in the third place, with a current yield of 41.47%, which is not far behind the first two funds. It is still very likely to aspire to the “half champion.”
In addition, in the battle for the top 10 performance, the performance difference between many rankings is less than 1 percentage point. At present, the income of Golden Eagle National Emerging, Golden Eagle Medical and Health Industry, Jinxin Minchang, ICBC Credit Suisse Pension Industry, CITIC Construction Investment Healthcare Reform, Southern Medical Healthcare, Great Wall Industry Rotation, CITIC Construction Investment Healthcare A, Qianhai Kaiyuan New Economy, etc. have all exceeded 33%. The performance gap is not big.
According to a fund company market person, it has been in mid-June, only about two weeks before the half-year close. The current market style has changed greatly and the volatility is also large. Before the last minute, the fund performance ranking will remain in suspense. . Indeed, who is the champion in the end still needs time to answer.
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