In the first half of this year, the rate of return of the monetary fund continued to decline, even far below the banks one-year deposit benchmark interest rate, which also led to a sharp reduction in the size of the Monetary Fund. According to the data of the China Association for Monetary Fund, the size of the monetary fund shrank by nearly one trillion yuan in June alone. However, as the yield continues to warm, the size of the monetary fund also shows a growing trend.
The scale of bond funds decreased slightly by 30.67 billion yuan. It is worth noting that the storm caused by credit bonds only started in November. Whether the scale of bond funds will change greatly, the data at the end of November deserves more attention.
In addition, as of the end of October, the scale of stock funds was 1.81 trillion yuan, and the scale of closed-end funds was 2.37 trillion yuan, both of which had a small increase. The scale of QDII funds reached 118.323 billion, which showed a slight decline.
Statistics also show that as of the end of July, there were 129 fund management companies in China (44 Sino foreign joint ventures and 85 domestic funded companies). 12 securities companies or asset management subsidiaries of securities companies and 2 insurance asset management companies have obtained the management qualification of public funds.
Behind the continuous growth of the scale of public funds, it is difficult to ignore the gold absorption ability of star fund managers and head public funds.
By the end of the third quarter, there were 98 fund managers who could join the 10 billion camp in the management of partial stock mixed funds and stock funds. Among them, Zhang Kun of e fund has the largest management scale, with a management scale of 70.592 billion yuan, followed by Liu Gesong of Guangfa fund, with a management scale of 69.38 billion yuan. Hu Xinwei of huitianfu, Liu Yanchun of Jingshun great wall and Mao Wei of Southern Fund ranked among the top five with 58.559 billion yuan, 53.26 billion yuan and 50.957 billion yuan respectively.
In addition, Guikai of Harvest Fund, Xiao Nan of e fund, Wang Zonghe of Penghua Fund, Liang Haohao of Penghua Fund and Lao jienan of huitianfu are in the top ten. Among these five fund managers, the management scale of Lau Jie mans partial stock mixed fund and stock fund is less than 40 billion.
Money is also gathering to head fund managers. In the data compiled by reporters, the top 50 fund managers management scale accounts for 42% of the total scale, while the number of fund managers managing partial stock mixed and stock funds exceeds 900.
The growth of fund managers management scale also promotes the surge of fund companys management scale.
According to the data of Tianxiang investment consulting, by the end of the third quarter, there were 19 fund managers with equity fund scale of more than 100 billion yuan, while at the end of the first quarter, the number of 100 billion club was only 1.1 billion. Among them, e Fund ranked first with 435.207 billion yuan, followed by huitianfu, Huaxia Fund and Guangfa fund, with the scale of more than 300 billion yuan. In addition, the scale of China Southern Fund and Wells Fargo fund also exceeded 200 billion yuan.
It is worth noting that the scale of equity funds of 100 billion club members, including e fund, huitianfu, Guangfa fund and Nanfang fund, grew rapidly in the third quarter. The third quarter of the fund issuance another peak coincided.
According to the data, the issuance scale of hybrid funds from July to September this year was 318.248 billion yuan, 153.078 billion yuan and 122.838 billion yuan respectively. Among them, the issuance scale in July has exceeded the highest one in 2015.