The banks are still strong in fund sales. The cooperation of some well-known banks is not easy to talk about, and the standards will be relatively high. If the performance is not good, they will not cooperate. It points out.
In fact, although the boom of equity funds has not subsided since this year, many small and medium-sized fund companies are still absent from the boom.
Hot money concentration
From the current public offering fund issuance, the distribution of explosive fund is relatively concentrated.
According to wind data, as of July 23 this year, 13 active equity funds have issued more than 10 billion shares.
Considering that several funds have set the upper limit of the fund raising scale, according to the confirmed proportion, there are still 13 funds whose raising scale exceeds 10 billion.
From the management companies of these 26 10 billion level funds, there are 14 management companies involved.
Involving huitianfu, Bank of communications Schroeder, e fund, Penghua Fund, Harvest Fund, China Southern Fund, ICBC Credit Suisse fund, Guangfa fund, Huaan fund, Ping An fund, Ruiyuan fund, Wanjia fund, BOC fund, Xingzheng Global Fund, etc.
In the second round, many fund managers with outstanding historical performance are managed by fund managers with outstanding public offering. Therefore, these fund managers have become the object of fund competition and formed the explosive fund. An analyst from a well-known tripartite organization told 21st century economic reporter.
In terms of channels, the role of boosting funds can not be ignored. If banks try their best, even city commercial banks will achieve good sales results. A public fund in South China said.
According to the 21st century economic report, there are 8 trusteeship banks, including China Merchants Bank, industrial and Commercial Bank of China, Bank of communications and Bank of Ningbo.
Among them, China Merchants Bank has the largest number of funds, with 7, followed by ICBC and CCB, with 5 and 4 funds respectively.
Banks are the main channel of the new development fund, especially ICBC and China Merchants Bank. South China a tripartite fund sales platform told the 21st century economic reporter.
In fact, CMB has always been a well-known channel with strong sales ability, and many fund companies beat their heads in order to enter the channel of CMB.
Among the 26 top 10 billion level funds, the custody bank from China Merchants Bank includes the Ruiyuan balanced value of the star fund company Ruiyuan fund, the e fund high-quality enterprise managed by star fund manager Zhang Kun for three years, and the Bank of communications innovation leader managed by Guo Fei, the top ten fund manager in 2019.
Poor institutions lag behind
Compared with the star shining of custody funds under well-known channels, more small and medium-sized fund companies are lagging behind in the competition.
Similar to the five-star selection of CMB, the threshold of choice is relatively high. Said the fund seller.
According to the data, the five-star selection is the fund service system provided by China Merchants Bank for customers, including expert team, fund optimization, fund allocation, fund academy and fund information service.
The selection method is that CMB collects senior fund researchers, excellent rating agency analysts and experienced fund product managers in the industry to investigate the historical performance, company size and investment research capability of the fund, track the latest trend of fund managers, and select the most potential fund varieties from hundreds of funds with market analysis.
Its not easy to talk about. A public fund channel business person said frankly when talking about the cooperation with China Merchants Bank.
In fact, for banks, the more funds they sell, the more trouble they will have in the future if the funds lose money, so we also focus on selecting the best. The person said.
In fact, from the current data, some poor performance fund managers are being abandoned by the channel.
Not only ranked in the penultimate of the total number of active equity funds issued this year, compared with the Qianhai Kaiyuan fund, which was issued in February this year, the funds share of issuance has also decreased by more than 90%.
On the other hand, from the perspective of fund companies, many small and medium-sized fund companies, such as Jiutai fund, Guoshou security fund and Guojin fund, have not issued active equity funds with a scale of more than 500 million yuan since this year. In addition, more than ten fund companies, including Soochow Fund, Zhonggeng fund, Jinyuan Shunan fund and Beixin Ruifeng fund, have not issued active equity products since this year.
We are now pushing products in the form of fund portfolios. When selecting, we will control the withdrawal under certain expectations of the yield, select the target under a certain target and adjust the position in a timely manner.
We are very strict in the selection of funds. Our goal is to select high-quality products with excellent historical performance, clear investment logic, strong investment research platform and sustainable future probable performance. In the selection, we mainly consider two factors: fund company and fund manager. A listed bank told the 21st century economic reporter.
For example, fund companies corporate governance, operation and management, public opinion information and other aspects, including the stability of equity structure, the scale of corporate management, etc.; while the ability of fund managers is an important factor affecting the future performance of products, we focus on the ability of fund managers to obtain excess earnings, which will be combined with quantitative analysis of historical performance and qualitative interviews with fund managers Comprehensive evaluation. Through the comprehensive evaluation of fund companies and fund managers, we will continue to strictly select the best products. The person said.
(author: Jiang Shiqiang, editor: Li Xinjiang)
This article is from Wang Xiaowu, editor in charge of economic report in the 21st century_ NF