Since entering April, the fund issuance market has continued to be popular in the first quarter. In the first week after the Qingming holiday, 25 new funds will enter the issuance period (calculated by combining all types), and there will be more than 120 new funds on sale at the same time.
According to the statistics of the fund issuance announcement, the number of new funds issued starting this week reached 25. In particular, 17 funds will be issued on the same day today; 8 new funds will also be listed for sale on April 8 and 9.
With 25 newly listed products plus 96 funds currently being issued, the total number of new funds being sold at the same time this week reached 121, and the peak of fund issuance continues.
At the peak of this round of issuance, many fund companies are selling multiple new funds at the same time. For example, ICBC Credit Suisse Fund will sell many funds at the same time this week, such as ICBC Credit Suisse Yuanxing, and ICBC Gold ETF Link A. Companies such as Huitianfu Fund, Qianhai Open Source Fund, and Minsheng Bank Bank Fund are also each issuing two new funds at the same time. As can be seen, some fund companies are still using intensive tactics in issuing new funds.
In terms of fund types, partial equity funds are the largest, and fund companies continue to vigorously lay out equity funds.
In the competitive issuance market, many fund companies continue to rely on star fund managers to attract capital.
The E-Fangda Consumer Select Stock Fund, a subsidiary of E-Fangda Fund, plans to have Xiao Nan as the fund manager and invest in consumer stocks within A-shares and the Hong Kong Stock Connect range of at least 80% of the fund's assets. Nanfang Ruisheng's three-year holding hybrid was issued by China Southern Fund on April 8. It is proposed that Jiang Qiujie be the fund manager. The data shows that since the establishment of the Southern Tianyuan Fund, managed by Jiang Qiujie, the return rate has been 222.6%. The two-year holding period for Penghua Value Win-win, a subsidiary of Penghua Fund, is managed by Star Fund manager Wang Zonghe. The fund is Penghua's first performance reward fund. In addition, fund managers of emerging funds such as Huaan Modern Life, Huitianfu actively invests in the core advantage of a three-month holding period, Huitianfu's three-month holding period focusing on value growth, Galaxy Choice Multi-Strategy A, Nuoan Research Choice, and Everbright Prudential Consumer Themes all have outstanding past results.
Since this year, the fund issuance market has been quite booming. According to the data, as of April 6, the number of new funds established during the year reached 306, raising a total of 521,986 billion shares. Seven companies, including China Southern Fund, Wells Fargo Fund, Bosch Fund, Guangfa Fund, Penghua Fund, Cathay Pacific Fund, and Huaxia Fund, have established 10 or more new funds since this year.
