After the disclosure of the four seasons report of public offering funds in 2022, the asset allocation and heavy stocks of each fund surfaced in the fourth quarter.

The central position of 1.QDII fund debut.

By the end of the fourth quarter of 2022, the size of public offering funds was 25.75 trillion yuan, down 2.56% from the third quarter. The size of QDII funds increased significantly, up 19.63% from the previous month; as the A-share market bottomed out and rebounded, the size of equity funds increased by 8.61% to 2.25 trillion from the previous month. The size of bond funds fell 7.69 per cent to 7.66 trillion from the previous month. In terms of the number of funds, the popularity of FOF issuance continued unabated, with the number of products reaching 379 at the end of the quarter, an increase of 9.22% over the previous quarter.

two。 All kinds of active equity funds increase their positions.

In terms of fund positions, all kinds of active equity fund positions have been adjusted to varying degrees. In the fourth quarter of 2022, compared with the third quarter, general equity funds increased their positions by 1.31% to 89.92%, partial stock hybrid funds by 1.68% to 87.14%, flexible configuration funds by 2.44% to 71.07%, and balanced hybrid funds by 3.14% to 58.65%.

3. ETF funds made the most money in the fourth quarter.

In the fourth quarter of 2022, the overall profit of public funds was 72.8 billion yuan, with stock funds and QDII funds becoming the main profits, with net profits of 32.07 billion yuan and 33.583 billion yuan respectively, while bond funds performed poorly.

Fourth quarter fund profit TOP20 on the list of funds, ETF accounted for the majority, and mostly for the Internet, Hang Seng technology, medical industry theme ETF. Among them, the fourth-quarter profit of Internet ETF reached 4.7 billion yuan, ranking first.

4. Changes in heavy stocks

In terms of heavy stocks, with the growth of the number of funds since 2021, the total number of heavy stocks has increased steadily, and reached an all-time high again in the fourth quarter of 2022. The latest number of heavy stocks in the quarter was 2257; the average concentration of heavy stocks was lower than that of the previous quarter, with an average concentration of 53 per cent.

The A shares that have been newly included in most of the heavy stocks are Shun Feng Holdings, Zijin Mining Group, Jinshan Office, Huichuan Technology, Renfu Medicine and so on. The Hong Kong stocks that have been newly included in the heavy stocks are Tencent, Wuxi Biologics, Hong Kong Exchanges and Clearing, Meituan-W, Kuaishou Technology-W and so on.

In the fourth quarter, Guizhou Moutai firmly ranked first in heavy stocks, with a market capitalization of 102.5 billion yuan. The second place is the Ningde era, with a market capitalization of 72 billion yuan. Guizhou Moutai, Ningde era, Luzhou laojiao, Wuliangye, Wuxi Apptec, Yiwei LiNeng, Shanxi Fenjiu, Mindray Medical treatment, Sunshine Power supply, China exemption have become the top ten stocks of public offering funds at the end of the fourth quarter of 2022. Compared with the end of the third quarter of 2022, Guizhou Moutai and Ningde era are still the first and second largest stocks of public offering funds. Longji Green Energy, Poly Development, Ziguang Guowei withdraw from the top ten heavy stocks, Wuxi Apptec, Sunshine Power supply, China exemption from the top ten heavy stocks.

Among the top 50 heavy stocks, nearly 70% of the stocks made positive gains in the fourth quarter.

5. The lineup of "10 billion clubs" continues to shrink.

Due to the relatively light fund issuance market since 2022, the scale of head funds has also shrunk significantly in this environment. In the fourth quarter of 2022, although the scale of active partial stock fund management in the whole market has been expanded to a certain extent, but the management scale of "10 billion clubs" continues to decline.

As of the fourth quarter of 2022, there were 1582 active partial stock product fund managers in the market, with a total size of more than 10 billion under management, a decrease of 8 compared with the third quarter, and the management scale of these 10 billion fund managers had dropped to 2.6 trillion by the end of the fourth quarter. it has dropped by about 100 billion compared with the previous quarter, and now accounts for about 53.08 per cent of the total size of active stock-biased funds in the market.