The scale ranking of public offering institutions in the first quarter was announced (with all rankings)
The scale of entrusted assets that highlights the strength of public offering institutions is freshly released.
According to the statistics of the latest quarterly report of the fund in 2024 (as of 9 p.m. on April 22), the top 10 institutions in the latest public non-stock management scale are: E Fund, China AMC Fund, GF Fund, Harvest Fund, Wells Fargo Fund, China Merchants Fund, Bosera Fund, China Southern Fund, China Universal Fund and Penghua Fund.
Compared with the end of 2023, the top 10 seats have begun to brew a "chance" for change: institutions with large-scale ETFs have grown against the trend, and have or are about to stir up the head camp of public offerings.
Looking at the latest changes in the scale of non-goods, public offering institutions bid farewell to the fate of "rising and falling together" in the past, and there was a larger-than-expected differentiation in the first quarter of this year's "turbulence".
Behind this, the layout ideas of key products and the market timing have determined the subtle ranking changes in the public offering layout.
Inadvertently, when the equity market "bottomed out" in the first quarter of this year, the "fight" of public offering institutions also quietly unfolded.
The top 10 "changes" are frequent
The top 10 public fund institutions are the core investment force of the whole industry.
According to WIND statistics, as of March 31 this year, the first to tenth places were: E Fund, China AMC Fund, GF Fund, Harvest Fund, Wells Fargo Fund, China Merchants Fund, Bosera Fund, China Southern Fund, China Universal Fund and Penghua Fund.
Among them, Harvest Fund has become the biggest "spoiler".
At the end of 2023, Harvest's non-cargo scale ranked sixth in the industry, and only three months later, the ranking rose to fourth. In the past, the top 10 rankings have rarely changed, only the size of each company.
The non-stock scale of Harvest Fund increased by as much as 12% month-on-month, and the other two that it surpassed all showed a month-on-month decline in scale, which shows the fierce competition!
In addition, E Fund, the top brand in the industry, still showed strong strength, and the scale of non-goods returned to the trillion level, and achieved a month-on-month increase of 13%, the highest increase among the top 10!
ChinaAMC, which ranked second, also achieved a month-on-month increase of more than 10%, and its non-stock assets exceeded the 900 billion mark, hitting the trillion level obviously.
In addition, China Southern Fund also recorded a 10-percentage point increase.
On the whole, three of the top 10 institutions have decreased in scale month-on-month, and the remaining seven have a large gap in month-on-month growth, and the competition situation in the top camp is gradually approaching white-hot.
Top 20 "Turning the World Upside Down"
Eyes moved to the non-cargo ranking of the 11th-20th place in the industry.
According to WIND, the latest seats are: ICBC Credit Suisse, Huatai Berry, Invesco Great Wall, Guotai Fund, Huaan Fund, Tianhong Fund, Bank of Communications Schroders, Bank of China Fund, Xingquan Fund, and Yongying Fund.
Among them, five achieved a month-on-month increase, and the remaining five "fell" in scale.
With the CSI 300 ETF, the largest equity fund in the industry, Huatai Berry has become the institution with the most significant increase in this range. Compared with the end of last year, the increase was as high as 23%, and the ranking quickly jumped from 18th to 12th.
It is worth mentioning that in 2023, Huatai Berry's industry ranking has continued to improve, mainly due to its ace index product, CSI 300 Index ETF.
The review found that at the end of the second quarter of last year, the scale of the public offering was about 240 billion yuan, and by the end of the first quarter of this year, in just 9 months, there was a net increase of more than 100 billion yuan.
This once again highlights the key position of ETF products in the current industry rankings.
The "waist" camp is difficult to hold on to
The institutions ranked 21st-30th in the non-stock of public funds are: China Europe Fund, Ping An Fund, Yinhua Fund, CCB Fund, Industrial Fund, Dacheng Fund, SPDB AXA Fund, Wanjia Fund, China Life Security Fund, and Orient Securities Asset Management.
Among them, only three of the above ten institutions achieved a month-on-month increase in scale, namely Ping An Fund, SPDB AXA and China Life Security.
The institutions ranked 31st-40th in the non-stock of public funds are: UBS SDIC, China Canada Fund, Bank of Shanghai Fund, Huabao Fund, Great Wall Fund, Minsheng Jiayin Fund, Bank of China International Securities, China Commercial Fund, Haifutong Fund, and ABC Huili Fund.
As of the end of the first quarter of this year, a total of 45 public offerings in the industry have a non-cargo scale of more than 100 billion yuan, which is completely the same as the end of 2023.
Let's look at another scale line - the 50 billion yuan mark.
The data shows that the number of institutions with the latest non-cargo scale of 50 billion yuan is 69, compared with 67 institutions at the end of last year.
ETFs stir up the "landscape"
A key question arises: what is the reason for the differentiation of the pattern of public offering institutions this year?
After all, in the past, the scale changes between institutions were often "in the same direction" - either rising or falling together, which was closely related to market conditions.
In January 2024, the equity market experienced a larger-than-expected volatility, followed by an exponential rebound in February, and a stable market in March, during which the market fluctuations increased significantly.
Funds chasing broad-based index funds may be an important reason.
Attached is the figure below: The scale of public offering non-stock at the end of the first quarter of 2024