Continue to report public offering to invest in new third board fund and strengthen investment and research construction

category:Finance
 Continue to report public offering to invest in new third board fund and strengthen investment and research construction


Continuous reporting of new funds that can be invested in the new third board

According to insiders, more than 20 fund companies are preparing to invest in public funds on the new third board. On April 20, six fund companies, Boshi, Nanfang, Fuguo, Wanjia, huitianfu, and China Merchants, reported the public funds that can invest in the new third board for the first time, and added the new third board selection layer within the scope of product investment. Recently, another fund company reported such public funds one after another.

At present, many fund companies have participated in the system test of stock transfer center to prepare for participating in the new third board investment in the future, a fund company institutional Department official told reporters. According to its disclosure, at present, many institutions including private equity are interested in the new third board and gem. Many institutions have the need to invest in the new three board public funds. At present, the relevant rules are not yet determined, and they are still in the early stage of communication. Institutional clients can only participate when the new rules for the selection layer of the new third board and the relevant public funds are officially approved.

Another fund company said it was currently studying the new third board business and product model, and was more interested in the new third board business. In addition, the old fund needs to apply for change registration to participate in the new third board innovation, and is studying how to participate, but does not involve the product level.

However, there are also feedback from fund companies that the company has not reported the funds related to the new third board at present. The reason for the temporary wait and see is that the process system, investment research personnel and system construction and preparation required for the investment in the new third board are not available. Whether the company can increase new investment or not, the company needs to make further evaluation.

Investment research ability determines business direction

At present, both the buyers and the sellers research institutions have relatively weak investment and research power in the new three board. Many analysts of the seller who study the new third board have been transferred in recent years, while public funds could not invest in the new third board before, and many internal researchers did not cover the new third board. However, the number of products invested in the new third board by Kejin company and its special account is limited after all, and no powerful research team has been formed. A fund company investment research personage said that investment research ability is the main reason restricting the fund companys business layout at present, and it will take some time to establish and cultivate the team.

An investment researcher from a fund company in Beijing said that the company attaches great importance to the new third board business and is preparing a team specializing in the new third board investment. The plan includes two or three researchers and a fund manager.

A number of investment and research personnel of large fund companies said that there have been researchers in charge of the new third board company, covering all companies listed on the new third board. With the development of the new third board business, the staffing will be increased according to the actual situation. Relevant persons of Boshi Fund said that since the integrated reform of investment and research of the company, about 30 people have been selected from investment and research groups such as TMT, new energy group, big health group and high-end equipment group to conduct key research on innovative and entrepreneurial companies, including companies listed on the new third board. At present, investment and research personnel are ready to invest in the new third board.

Previously, ICBC Credit Suisse Fund said that the company set up a new third board research group to be responsible for the research work of the new third board, covering TMT, medicine, consumption, new materials, industry, advanced manufacturing and other industries, basically covering the major industries where the selected companies are located. In the new three board research, a combination of quantitative screening and active research has been initially formed.

ICBC Credit Suisse Fund said that in the new three board stock selection, it will choose high-quality companies with long-term growth space, high investor recognition, good liquidity and reasonable valuation based on value investment, and focus on companies that meet the listing standards of science and technology innovation board and growth enterprise board.