Public funds scale map: 6 companies' management scale has exceeded trillions of trillions of half a year, a decrease of more than 20 %

As of the end of the second quarter of this year, the scale of 64 public fund companies' management has declined compared with the end of last year. Among them, 16 of Huayu, Guo Rong Fund, Ruida Fund, and Kaishi Fund have decreased by more than 20%.

"Investment Times" researcher Qi Wenjian

In the first half of this year, the A -share market shook repeatedly. Although the "money -making effect" and the issuance of new funds were affected by public funds, the scale of fund management reached a new high.

Wind data shows that as of the end of June this year, the total scale of public fund management reached 2.6.41 trillion yuan, an increase of 1.07 trillion yuan from 2.534 trillion yuan at the end of last year, an increase of 4.24%.

In this context, with the end of the second quarter report of the public fund, how does the management scale of fund companies change?

According to Wind data, the "Investment Times" researcher analyzed the public offering management scale at the end of the second quarter of the second quarter of this year, and found that there were 21 public offering management scale of more than 500 billion yuan, of which 6 of them exceeded 1 trillion yuan. But at the same time, there are also 13 below 2 billion yuan.

At the same time, as of the end of the second quarter of this year, the scale of public offering of 64 fund companies declined compared to the end of last year. Among them, 16 companies such as Huayi Future, Guo Rong Fund, Ruida Fund, and Kaishi Fund have decreased by more than 20%, and Huayi Future Fund has a decline at 72.86%.

As we all know, the industry regards the size of non -monetary funds as the embodiment of the important strength of fund companies. "Investment Times" researcher noticed that 70 companies' non -monetary funds have decreased to varying degrees from the end of last year. Among them, 14 companies such as Suzaku Fund and Zhonghai Fund decreased by more than 20 %. No surprise, the bottom of the Huayi Future Fund was still at the bottom.

In addition, as of the end of the second quarter of this year, 10 fund companies' non -monetary fund management scale was less than 1 billion yuan. Among them, the non -cargo -based scale of three companies including Guodu Securities, Mingya Fund, and Yimi Fund is less than 100 million yuan.

The scale of 13 companies is less than 2 billion yuan

In the first half of this year, the A -share market showed a shock pattern as a whole, and the major mainstream indexes did not escape the "destiny" of the fall. Except for the coal sector all the way, the rest of the reaches of the other section had a decline in varying degrees.

As an industry related to the A -share market, public funds have also appeared on hot search due to decline. However, the number of fund products and management scale on the public fund market have all stood up to a new peak. The former has exceeded 10,000 "pass", and the latter has a total of more than 26 trillion yuan.

From the perspective of trend, the trend of funds gathering towards head fund companies is becoming increasingly obvious. As of the end of the second quarter of this year, there were 51 fund companies with a scale of over 100 billion yuan in the industry, with a total scale of 2.35 trillion yuan. This means that the number of fund companies with less than 40 % of the entire market manages more than 80 % of the assets in the industry.

From the perspective of the company's level, members of the "trillion club" in the market at the end of the second quarter of this year include Yifangda Fund, Guangfa Fund, Tianhong Fund, Huaxia Fund, Boshimo Fund, and Southern Fund, which increased the Boshi Fund, from the end of last year. Southern Fund 2 companies. Other public fund companies that ranked among the top ten were Wells Farmers, Penghua Fund, Huitianfu Fund, and ICBC Credit Suisse Fund.

So what new changes have taken place in the ranking of head fund companies? For example, the Penghua Fund replaced the Top 10 Castrol Fund, and the Southern Fund fell from the fourth place at the end of last year to the sixth place at the end of the second quarter of this year. It surpassed Tianhong Fund to the second place.

Behind the exacerbation of public fund's head, a group of fund companies have gradually been marginalized and facing greater survival pressure. According to Wind data, as of the end of the second quarter of this year, the scale of 13 fund companies in the market was less than 2 billion yuan. Its China Rong Fund, Huayi Future Fund, and Yimi Fund and 6 companies were less than 200 million yuan.

"Investment Times" researcher noticed that among the 13 companies with a scale of less than 2 billion in the above -mentioned faction, 6 companies including Kaishi Fund and Mingya Fund belong to the "personal department", "brokerage department" and "trust department There are 2 fund companies, and one "private equity department", "futures" and "other factions" have one.

In terms of establishment time, Yimin Fund has been established for nearly 17 years, while the Ruida Fund, Shangzheng Fund and Yimi Fund were established in 2020.

As an old fund company, the survival status of Yimin Fund is not ideal. As of the end of the second quarter of this year, the company's management scale was only 1.183 billion yuan, a decrease of 255 million yuan from the end of last year, a decrease of 17.73%. Researcher "Investment Times" observed that since the establishment of Yimin's advantage on April 23, 2018, Yimin Fund has established a new fund for more than 4 consecutive years. In addition, as of August 3, the company's 6 funds under the company have fallen, and the same ranking has been in the last 1/2, of which the net value of Yimin quality has fallen by more than 25%during the year.

It is worth noting that the only one fund manager of Yimin Fund, Zhao Ruqiong, has 6 in the management fund.

The scale of 16 companies decreased by more than 20 %

Although the size of public funds has grown rapidly, it is still a few companies to show different development status, but they can be described as a few of them.

Wind data shows that among the 149 fund companies, 85 have increased by 85 at the end of the second quarter of this year compared with the end of last year, accounting for 57.04%. However, the scale of 64 companies also declined compared with the end of last year, of which 15 companies have shrunk by more than 100 billion yuan from the end of last year. From the perspective of the absolute value of scale, the scale of 6 companies increased by more than 50 billion yuan compared with the end of last year. Among them, the size of the two companies of Guangfa Fund and Penghua Fund soared by more than 150 billion yuan from the end of last year, an increase of 170.239 billion yuan and 158.077 billion yuan, respectively. In addition, the management scale of 31 fund companies such as Wanjia Fund, Dacheng Fund, and Caitong Securities Asset Management increased between 10 billion yuan to 50 billion yuan from the end of last year.

From the perspective of scale growth, some small and medium -sized fund companies stand out, and because the base is small, the growth rate is particularly prominent. According to statistics, 6 companies have increased by more than 100%from the end of last year at the end of the second quarter of this year. Among them, the growth rate of Shangzheng Fund was 179.61%.

There are also some small and medium -sized funds companies have a serious decline in scale. As of the end of the second quarter of this year, the scale of 16 fund companies decreased by more than 20%. Among them, Huayi Fund Fund fell the largest, up to 72.86%. The scale of Guo Rong Fund, Ruida Fund, Zhongkewo Fund, and Kaishi Fund have fallen by more than 30%.

Among the 16 companies with a decline of more than 20%above, the management scale of Fanda Fund even fell below 10 billion yuan. At the end of 2021, the Fuanda Fund still had 11.134 billion yuan, but by the end of the second quarter of this year, the company shrunk by 28.82%, leaving only 7.925 billion yuan. "Investment Times" researcher noticed that the main reason for the company's management scale is the decline in the scale of currency funds, and the company's currency fund scale has dropped from 8.538 billion yuan at the end of last year to 50.58 billion yuan at the end of the second quarter of this year. At the same time, the company's non -monetary fund size increased from 2.596 billion yuan to 2.867 billion yuan.

The non -cargo -based scale of 15 companies shrinks more than tens of billions

As we all know, the scale of non -monetary funds is an important dimension to judge the comprehensive management capabilities of a fund company.

"Investment Times" researcher noticed that as of the end of the second quarter of this year, the size of non -monetary funds in public funds showed a "super -strong" trend.

Data show that the size of the Non -Monetary Fund of the E Fund Fund was 1097.356 billion yuan, and continued to win the public fund non -monetary fund champion. The size of the Non -Monetary Fund of Huaxia Fund, Guangfa Fund and Wells Fund also exceeded 60 million yuan.

From the perspective of changes in the size of various non -monetary funds, 25 companies have added value of more than 10 billion yuan in the first half of this year, of which 18 companies with a size of more than 100 billion yuan. The China Merchants Fund ranked first with an increase of 38.135 billion yuan, and the number of companies in Huaxia Fund and Ping An Fund increased by more than 30 billion yuan.

While the growth of head institutions is positive, there are no shortage of scale. As of the end of the second quarter of this year, the scale of non -monetary fund management of 70 fund companies in the market has decreased compared with the end of last year. Among them, the size of the non -monetary funds of 15 funds decreased by more than 10 billion yuan compared with the end of last year.

It is worth mentioning that the size of the non -monetary fund of Minsheng Silver Fund has fallen below 100 billion yuan. As of the end of the second quarter of this year, the company's non -monetary fund was 96.992 billion yuan, a decrease of 20.505 billion yuan from 117.497 billion yuan last year, a decrease of 17.45%. In fact, the company's non -monetary fund scale has shrunk for two consecutive quarters. Specifically, the size of the bond funds of Minsheng and Silver Fund fell from 69.734 billion yuan at the end of last year to 58.495 billion yuan at the end of the second quarter of this year. 100 million yuan.

What is regrettable is that compared with the reduction of non -monetary funds from large and medium -sized funds, the size of the non -monetary fund of some small fund companies will be cut off due to the "contraction" of less than 500 million yuan. For example, the size of the non -monetary funds of the two companies of Ruida Fund and Huayi Future Fund decreased by 149 million yuan and 361 million yuan respectively compared with the end of last year, respectively, with a decrease of 51.27%and 72.86%, respectively.

Fund companies have declined in the top ten in the first half of the year

Data source: wind

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