According to the associations data, as of the end of 2019, the total assets of public funds amounted to 14.77 trillion yuan, which means that in only 10 months, the net assets of public funds have increased by 3.54 trillion yuan.
The growth of the number of funds has become one of the main reasons for the growth of scale. According to the associations data, as of the end of October 2020, there were 7682 public funds in the market. Among them, there are 6571 open-end funds, including 1327 stock funds, 3067 hybrid funds, 333 monetary funds, 1681 bond funds and 163 QDII funds. By the end of 2019, there were 6544 public funds in the market. Among them, there are 1135 Open-end Equity Funds, 2593 hybrid funds, 335 monetary funds, 1471 bond funds and 149 QDII funds.
According to wind data, as of November 30, 2020, 1282 new funds have been established and 2.85 trillion shares have been issued. Among them, in July alone, the newly established funds issued more than 500 billion shares, reaching 538.94 billion shares, and the newly established funds in August, September and November also issued more than 300 billion shares.
In terms of issuance structure, the proportion of new hybrid funds has increased significantly, jumping from 19.35% in 2019 to 52.91% since 2020.
Wind data shows that since this year, there have been 117 sold out in one day of solar base. Among them, there are 15 ten billion level sunlight base. Among the 15 ten billion level sunlight bases, all the rest are partial stock hybrid funds except huitianfus one-year holding of mixed funds with partial bonds. In addition to the sunlight base, the number of newly launched funds with more than 10 billion shares this year is as many as 39.
It is worth noting that among these funds, southern growth pioneer absorbed more than 32.1 billion yuan a day, becoming the largest initial fund in the year, and also the third largest active equity fund in history after harvest strategy growth and prosperity. In addition, huitianfus mid market value selection, Penghuas ingenuity selection, Huaan Juyou selection, e-funds balanced growth and huitianfus steady income all exceeded 20 billion yuan.
According to industry insiders, the rapid development of equity funds since 2019, in addition to the prominent profit-making effect of equity funds, there are two factors: first, affected by low interest rates, it is a general trend for financial funds to seek higher returns; second, regulatory authorities have clearly encouraged the development of equity funds to jointly promote the issuance and acceleration of equity funds.
One month before the end of 2020, public funds have set three new records. As of the end of October, the scale of public funds exceeded 18 trillion yuan for the first time, setting a new record for the size of public funds. By the end of November, 1282 new funds had been established and 2.85 trillion shares of newly established funds had been issued, setting a new record for the annual number and share of new funds. By the end of November, 39 new funds with an initial size of more than 10 billion shares were up to 39, and 117 funds were sold out in one day A record number of 10 billion new funds were established in the new year.
Source: Ren Hui, editor in charge of China Securities Journal_ NBJ9607