According to the financial associated press (Beijing, reporter Li Lujia), Wind data shows that according to the date of establishment of the fund, as of October 13, the number of new funds has reached 1478 this year. From the performance of the year, among the 1478 new funds issued during the year, 745 funds had positive returns during the year, that is, only half of the newly established funds had positive yields during the year, and the highest in the same period was the Penghua CSI Photovoltaic Industry ETF, with a return of 60.35% during the year.
It is not difficult to find that at present, thematic funds such as new energy and cyclical stocks, energy commodities and QDII (qualified domestic institutional investors) funds in the market have performed well, or maintained a leading edge in the last quarter of the year. Although the newly established ETFs performed well during the year compared to active equity products, with the curtain opening in the fourth quarter, a number of star fund managers under the public offering have launched new products hoping to "win back a city".
Wind data shows that as of October 12, 97 new funds have entered the fundraising period since October. In addition, 89 new funds will be raised in the following time of this month, for a total of 186, and the fund issuance market may usher in a "super month" in October.
Industry insiders said that in the volatile market, the unique advantages of the new fund are also conducive to improving the investment experience. In the volatile market, the new fund does not have to maintain a high position during the opening period, and the opening period of no more than 6 months allows the fund manager to gradually allocate the proportion of fund assets to the scope specified in the contract. If the market continues to fluctuate downward, new funds can use the opening period to control positions, improve the holding experience of investors after buying, and are expected to complete the opening of positions at a lower cost.
New ETFs were established during the year
In terms of the income of newly established funds during the year, etFs performed more brightly than active equity products.
Among the newly established funds in the first 10 years of yields, ETFs occupy 7 seats. Among them, the Penghua CSI Photovoltaic Industry ETF established on February 22 and the E Fangda CSI New Energy ETF established on March 11 both had a yield of more than 60% in the same period, while cathay Pacific CSI Environmental Protection Industry 50 ETF, Huaxia CSI New Energy ETF, Penghua CSI Mainland Low Carbon Economy ETF and Yangtze River New Energy Industry A yielded more than 50% in the year.
In this regard, some insiders said that the volatility of A shares is larger, the structural market is stronger, almost any market will have a very obvious possibility of excess returns, investors' enthusiasm for industry investment is higher, but unlike active funds in the market when the market will continue to net outflow, passive stock ETFs will often go against the trend to obtain net inflows of funds, or become a stabilizer of the market.
In addition to the good results of the newly established ETFs during the year, many previously established ETFs also performed well. As of October 13, a total of 50 of the total fund products in the market had a yearly return of more than 50%. Among them, commodity funds in the energy and chemical fields and oil and gas QDII performed more prominently.
Specifically, the net value growth rate of the ENERGY AND CHEMICAL FUTURES ETF of Jianxin Yisheng Zhengshang Firm exceeded 90% during the year, reaching 95.81%. It is also the only fund on the market that currently yields more than 90% in the year. In addition, many QDII funds such as Huabao S&P Oil & Gas Upstream Stock (QDII-LOF) RMB A and GF Dow Jones Oil Index (QDII-LOF) RMB A also yielded more than 70% during the year.
As far as active equity products are concerned, in the recent market turmoil, many of the top active equity funds have suffered a recent correction, and some have even fallen by more than 10%, thus slightly inferior to commodity and QDII funds. However, overall, the performance of funds based on new energy and cyclical individual stocks is still relatively prominent during the year. In addition, some equity funds with investment styles based on small and medium-caps, despite the recent correction, still maintain a good intra-year yield by relying on the gains accumulated in the previous period.
It is not difficult to find that at present, the performance of new energy, cyclical stocks and other thematic funds, energy commodities and QDII (qualified domestic institutional investors) funds in the market is outstanding, or they maintain a leading edge in the last quarter of the year.
The fourth quarter of the new war is unveiled
It is worth mentioning that in terms of the issuance of new funds, or because the overall yield of all funds in the market has remained good during the year, a number of star fund managers under the public offering have recently launched new products.
For example, CINEC Fund Zhou Weiwen, Harvest Fund Tan Li, GF Fund Fei Yi, Bosera Fund Sha Wei, Huiquan Fund Liang Yongqiang, Everbright Prudential Trust Fund Zhan Jia, Cinda Australia Bank Fund is Xingtao, Yongying Fund Li Yongxing, Founder Fubon Fund Cui Jianbo, etc. will launch new products in the near future.
Wind data shows that as of October 12, 97 new funds have entered the fundraising period since October. In addition, 89 new funds will be raised in the following time this month, bringing the total to 186. The fund issuance market may usher in a "super month" in October.
So in the context of recent market fluctuations and divergences in market styles, why do fund companies choose to issue new funds intensively during this period?
Ceibble Fund said that in the volatile market, the unique advantages of the new fund are also conducive to improving the investment experience. In the volatile market, the new fund does not have to maintain a high position during the opening period, and the opening period of no more than 6 months allows the fund manager to gradually allocate the proportion of fund assets to the scope specified in the contract. If the market shock is down, the new fund can use the opening period to control the position, improve the holding experience after the investor buys, and is also expected to complete the position opening at a lower cost.
Specifically, the number of partial stock hybrid funds accounts for the largest number of various types of funds, with a total of 30, accounting for 30.93%. In addition, there are 6 common equity funds and QDII equity funds. There are 24 partial debt hybrid funds, pure debt funds and mixed bond funds, accounting for a total of 24.74%. Index funds are still dominated by passive index funds, with a total of 20; There are 6 enhanced index funds. It is not difficult to find that active equity funds still account for the majority of new fund issuance.
For the layout direction and fundraising of new funds in the fourth quarter of this year, many new fund managers have also made judgments.
For example, Zhou Weiwen, a CeIBS fund, said that in the follow-up investment layout, it will focus on two types of investment opportunities in economic transformation: the first is long-term investment opportunities in emerging industries such as new energy, automatic driving, Internet of Things, AI, cloud computing, innovative drugs, innovative medical devices, and medical services that will continue to improve in the coming years; The second category is industries with low market capitalization and prosperity, such as catering, hotels, tourism, aviation, gaming, banking, real estate and other industries that have been greatly affected by the epidemic.