Public funds exceed 18 trillion yuan, and active equity funds become the first pusher

category:Finance
 Public funds exceed 18 trillion yuan, and active equity funds become the first pusher


24% increase in the year

According to the latest data released by the China Fund Industry Association, by the end of October 2020, there were 7682 fund products in the public fund market, with a corresponding net asset value of 18.31 trillion yuan, an increase of 3.54 trillion yuan compared with 14.77 trillion yuan at the end of last year.

In this light, the management scale of public funds increased rapidly during the year. According to the statistics compiled by reporters of Securities Daily, since June this year, the scale of public funds has achieved positive growth for four consecutive months. Compared with the 14.77 trillion yuan at the end of last year, after June this year, the total scale of public funds has continuously crossed the two integer levels of 16 trillion yuan and 17 trillion yuan, directly running against the management scale of 18 trillion yuan, with the growth rate of 24% within the year.

It is self-evident that the hot issue of new funds is an important source of increasing the management scale of public funds this year.

According to the statistics of Dongfang fortune choice, in the first 11 months of this year (as of November 30), 1320 new funds were established, and the number of new funds exceeded 1300, which has surpassed the historical record of 1153 new funds issued in a single year (the whole year of 2016). The scale of newly established funds reached 2.85 trillion yuan, helping the growth of management scale of public funds.

Scale of active equity funds

To 5.62 trillion yuan

On the whole, the scale of open-end bond funds has shrunk, and the scale of active equity funds has increased significantly. Specifically, as of the end of October, the overall scale of bond funds in the public offering fund market was 2.654 trillion yuan, down 0.116 trillion yuan from 2.77 trillion yuan at the end of last year, a decrease of 4% within the year.

In addition, the latest size of monetary funds was 7.548 trillion yuan, with an increase of 6% during the year; the latest size of QDII was 0.118 trillion yuan, with an increase of 27.12%; the latest scale of closed-end funds was 2.368 trillion yuan, with an increase of 47.82%.

It is noteworthy that the overall position of active equity funds is on the high side. According to the data of CAITONG metalworking active equity fund position calculation model, the reporter of Securities Daily found that as of November 23, the overall position of 2957 active equity funds (excluding stock long short type) in the whole market was 81.88%, of which the average of index enhanced fund was 93.87%, that of stock fund was 91.84%, and that of partial stock mixed fund was 88.13%. The overall position of flexible allocation fund was not high, only 68.88% 65%, and the Balanced Fund was the lowest, only 58.22%.

In this regard, Tao Qinying, financial engineering team of CAITONG securities, said: at present, the overall position of active equity funds is relatively high, but there are huge differences in industry allocation. After nearly two months of volatile market, the industry rotation is obvious. At present, the top five heavy warehouse industries are pharmaceutical biology, food and beverage, electrical equipment, household appliances and electronics, accounting for 12.85%, 12.01% and 10.6% respectively 9%u30016.31%u30015.99%u3002u201d