At the current time point, many fund companies actively apply for their partial share funds, choose to share the risk with investors, which greatly improves the confidence of investors; equity funds intensively release the subscription and large-scale subscription behavior, which provides more opportunities for investors to participate. For fund companies, opening up subscription and large-scale subscription can not only supplement ammunition and enter the market to copy the bottom when the stock market is low, but also further promote the scale of their equity funds, making the idle year-end bonus in the hands of investors have a place.
303 equity funds
Open subscription this week
Affected by the new coronavirus infection of pneumonia, a shares fell sharply in the first trading day after the Spring Festival, and the Shanghai index fell below 2800 points in one fell swoop, with strong investor risk aversion. After the close of the day, the regulatory authorities spoke out for the first time to guide investors in long-term investment and value investment. Dozens of fund companies have also moved quickly, using their own funds to purchase their partial share funds, with a total self purchase amount of more than 2 billion yuan.
The timely voice of the management and the self purchase action of the fund company are immediate. In the following three trading days, the A-share market continued to rebound, and various funds also opened their subscription or large-scale subscription business this week. According to the announcement released by the fund company, 303 equity funds have been opened for subscription in the week from February 3 to February 7, and 47 have been opened for large-scale subscription and fund conversion business this week.
Among the equity funds that open up the subscription business, there are many products under the old public funds, such as e-fund blue chip selection mix, Jingshun Great Wall Shanghai Hong Kong Shenzhen selection stock, Dongfang Hong Shanghai Hong Kong Shenzhen mix, Yinhua valuation advantage mix, etc. most of these equity funds suspend the subscription business before the Spring Festival; there are also some equity funds that suspend the subscription business in February last year.
It is worth noting that in the recovery of large amount of equity funds, there are such outstanding funds as Xingquan Hetai hybrid, Xingquan business model hybrid, Dongfanghong industrial upgrading hybrid. Xingquan Hetai is an explosive fund established in October last year, which has raised more than 30 billion yuan a day. Since the end of December last year, it has suspended large subscription applications of more than 10000 yuan. According to the relevant announcement, since February 4, 2020, the fund has resumed the application of single day subscription and transfer in of the accumulated amount of more than 10000 yuan for a single fund account.
After combing, the reporter of Securities Daily found that as of February 6, 2020, 725 funds in the public fund market were still in the state of suspension of subscription, and 820 funds were in the state of suspension of large-scale subscription.
According to past experience, there are two reasons for the funds to pile up and open their subscription this week: first, the overall scale of equity funds has continued to shrink in recent years, and the growth of equity fund scale in 2019 is mainly due to the substantial increase of fund net value, and the share of some funds is still shrinking; second, the A-share has recovered rapidly after the great fall this week, and the fund company and the majority of investors have reached a consensus and entered the market to copy Bottom.
The head of a fund company told Securities Daily that at present, the threshold for suspension of subscription of equity funds is more than 100000 yuan, which is very limited to ordinary investors, mainly for institutional investors. In the near future, the purpose of liberalizing the equity funds with large amount of subscription may be to attract large amount of institutional funds to apply for subscription, so as to quickly improve the scale of the fund.
Equity fund is in urgent need of replenishing blood
In 2019, the A-share market went out of a wave of structural bull market, many equity funds seized the investment opportunities of the consumer industry and the technology industry, and obtained a higher return rate for fund holders. But behind the brilliant performance, it is the continuous reduction of equity fund shares. After fund managers continue to get rich returns for investors, many investors choose to put their bags in safety and redeem the fund products with better performance.
Securities Daily found that at the beginning of 2019, the total shares of all equity funds in the public fund market (including common equity funds, partial hybrid funds and flexible allocation funds) were 1695.491 billion; by the end of the year, the total shares of equity funds were reduced by 178.392 billion, more than 10%.
Many well-known fund companies star equity products are hard to survive, suffered a sharp reduction in fund shares. For example, several equity funds, such as China EU value discovery hybrid a, harvest core advantage stock, Tianfu intelligent manufacturing stock, and Dongzheng Ruifeng, all shrank by more than 3 billion shares in the whole year of last year. Fortunately, the returns of these funds were relatively high last year, so their performance in the change of fund scale was not obvious. In addition, equity funds have recently opened large subscription channels, which may also indicate the expectation of fund managers on the A-share market that the medium and long-term allocation opportunity has come. In the 2019 fund four seasons report disclosed before the Spring Festival, many fund managers of equity funds expressed that in 2020, the A-share market is expected to go out of slow bull market, and the technology industry, 5g concept and other targets still have high allocation value. Many fund companies have made a public voice this week to remind investors that they should be prepared for long-term investment when choosing to purchase funds, lengthen the investment period as much as possible, and ignore the temporary losses caused by short-term market fluctuations, so as to improve the probability of holding funds profits more effectively. Source: responsible editor of Securities Daily: Yang qian_nf4425
In addition, equity funds have recently opened large subscription channels, which may also indicate the expectation of fund managers on the A-share market that the medium and long-term allocation opportunity has come. In the 2019 fund four seasons report disclosed before the Spring Festival, many fund managers of equity funds expressed that in 2020, the A-share market is expected to go out of slow bull market, and the technology industry, 5g concept and other targets still have high allocation value.
Many fund companies have made a public voice this week to remind investors that they should be prepared for long-term investment when choosing to purchase funds, lengthen the investment period as much as possible, and ignore the temporary losses caused by short-term market fluctuations, so as to improve the probability of holding funds profits more effectively.