Weekly Headlines //
- Fund company launches "Mid-Autumn Festival Financial Management Strategy"
- The transformation of brokerage wealth management is accelerating
- The classification and evaluation of public funds ushered in a new standard
- Star fund managers shrink their fronts
- Warren Buffett Love will sell 55% of Berkshire's shares
Domestic Investment News //
1. The fund company launched the "Mid-Autumn Festival Financial Management Strategy". This year, most of the products promoted by public fund companies through the "Mid-Autumn Festival Financial Management Strategy" are money market funds, short-term bond funds and interbank certificate of deposit index funds. Low fixed fees such as real-time caches and management fees are the main advantages of money market funds. From the perspective of specific investment operations, investors only need to subscribe to relevant money market fund products before 15 o'clock on September 12, and the share can be confirmed on September 13, and the bond price changes and coupon income on September 13 will be counted into the dividend carry-over, and the cumulative coupon income will be accumulated every day from September 14, and the dividend will be included in the dividend carry-over on the first trading day after the holiday.
2. The transformation of brokerage wealth management is accelerating. Since the beginning of this year, brokerages are accelerating the transformation to the buy-side investment advisory model, and the brokerage represented by Orient Securities has adjusted its organizational structure, while other brokerages have broken through the situation that the scale of fund investment consulting has been stagnant for several consecutive quarters. Small and medium-sized brokerages such as Guolian Securities have also handed over good customer acquisition data. In terms of international business, leading securities firms continued to deepen their overseas wealth management layout, and Singapore became an important position.
3. The classification and evaluation of public funds ushered in a new standard. According to the latest issue of the Institutional Supervision Circular issued by the regulator recently, the relevant departments of the China Securities Regulatory Commission have comprehensively revised the classification and evaluation system of public fund managers. The revised evaluation system mainly evaluates public fund managers based on various indicators such as compliance risk control, investor service and special work evaluation, and gives more prominence to compliance risk control, function play and investors' sense of gain, so as to avoid simply "ranking seniority based on business scale".
4. Star fund managers have shrunk their fronts, and their position concentration has increased significantly. In the context of increasing global economic uncertainty, fund managers' coverage of individual stocks held by fund products has begun to shrink significantly. In the current context of scarce stock market opportunities, the wider the coverage of individual stocks, the greater the probability of decline, so many fund managers began to significantly reduce the number of individual stocks held by the funds under their management, some by more than 50%.
International Investment News //
1. Warren Buffett will sell 55% of Berkshire shares. Ajit Jain, Berkshire Hathaway's insurance chief executive and chief executive, sold more than half of his stake in Berkshire Hathaway, according to a new regulatory filing. The move marks the largest reduction in Ajit Jain's holdings since joining Berkshire in 1986.
This Week's Market //
01 This week's major stock indexes and industry review
On Friday (September 13), the market opened weakly and fluctuated, and the decline expanded in the afternoon, with the ChiNext index leading the decline, and the Shanghai Composite Income Index holding 3,000 points. This week, the Shanghai Composite Index fell by 2.23%, the Shenzhen Component Index fell by 1.81%, and the ChiNext Index fell by 0.19%.
Data source: Wind Investment Advisory Terminal
Note: The statistical period is 2024/9/9-2024/9/13
02 Fund market
In the past week, most of the various types of fund indices have fallen, among which the convertible bond fund index, the balanced hybrid fund index, the common equity fund index, and the partial stock hybrid fund index have fallen first.
Data source: Wind Investment Advisory Terminal
Note: The statistical period is 2024/9/9-2024/9/13
03 Issuance of public funds
This week, there are a total of 12 funds issued in the whole market (only one is displayed for different shares of the same fund), specifically, there are 8 bond funds, 2 equity funds, and 1 hybrid fund and 1 FOF fund.
Data source: Wind Investment Advisory Terminal
Note: The statistical period is 2024/9/9-2024/9/13
04 This week's fund market review
05 Bank wealth management market
As of September 13, the total number of new bank wealth management products this week was 518, of which 512 were newly issued and 512 were established this week, with an establishment scale of 90,688.95 million yuan, an increase of 12.31% over last week.
Issuer status
Data source: Wind Investment Advisory Terminal
Note: The statistical period is 2024/9/9-2024/9/13
06 Precious metals market
On Friday (September 13), domestic precious metal prices generally rose, of which SHFE gold closed at 583.58 yuan / gram, up 1.69%; It is up 1.85% for the week.
Data source: Wind Investment Advisory Terminal
Note: The closing market of SGE gold T+D, SGE silver T+D and SGE gold 9999 is based on the preliminary closing data at 15:30, and the official website of the exchange may fine-tune and correct it after 17:00.
07 Foreign exchange market
On Friday (September 13), the central parity of the RMB against the US dollar was reported at 7.1030, an increase of 184 basis points, and a cumulative decrease of 105 basis points this week. The midpoint of the previous session was reported at 7.1214.
Next Week's Economic Calendar //