Performance equity issuance market: "recovery" or from the approval article is about to expire

After the Mid -Autumn Festival of the Economic Observation Network, the new foundation of the equity category has been heated up.

This week (September 13th to September 16th) will include 22 new funds of new funds including Huaxia Fund, Yifangda Fund, Guangfa Fund, and Wells Fund Fund.

Specifically, among these 22 new funds, 15 equity funds (including partial stock hybrid funds, stock funds) account for nearly 70%, reaching 68.19%, 4 bond funds, and 1 and 1 and 1. Reits and 1 FOF.

From the perspective of the issuance structure, the previous bond funds occupy a comparative advantage in Xinfan Fund, and from the expected issuance of this week, the equity fund has become the main type of issuance.

A person in South China ’s securities firm’ s public fund product department told reporters from the Economic Observation Network that the current equity market has increased since this year. It can be seen that many fund companies have issued new equity products this year. Therefore, some fund companies are not willing to issue new funds for the issuance of new funds this year.

Then why should the products be issued at this time and the reason for the reason, the person's analysis stated that it was caused by the "hoarding article".

The reporter found that some of the upcoming equity funds have indeed existed in the case of product approval.

For example, the Ping An Value Pilot Fund showed the receiving materials on January 20 this year and received the approval on March 14. According to the "Securities Investment Fund Law", the fund manager should Fund raised within a month.

In other words, the Ping An Value Pilot Fund needs to be raised at the latest on September 13, and the fund is launched on September 13.

Not only the mixing of Ping An Value, the growth of the growth of Chang'an Industry, the selection of Xingyin Growth, and the upgrade of Hongyi Far Auto Industry 3 products all face this problem. The approved on the 16th, all of which were raised on September 13, September 15 and September 15 before the approval.

According to statistics from the reporter, of the 15 of the 15 this week, 5 products have approval of approval, accounting for more than 30%.

"This shows that it is not a recovery of the issuance of the equity market, but the‘ spring restlessness ’previously deployed by some fund companies. At present, it is facing a situation where the market issuance is not good and cannot be issued." A Beijing fund evaluator said.

In fact, the public offering market has been bad during the year. According to Wind data, as of August 31, there have been 827 new funds in the market since this year, a decrease of about 34%compared with the same period last year; the cumulative issuance share of 922.902 billion copies, a decrease of about 57.26%from the same period last year.

Since the beginning of this year, the market conditions have differentiated, and the performance gap between the active equity funds has increased, with a difference of over 95%.

Specifically, as of September 13, in the active equity funds of the entire market, the best fund this year was selected by Wanjia, and the income of the year was 57.84%. During the year, the loss reached 37.96%, and the difference between the two and the end of the two reached 95.8%.

In the case of the new foundation of market shock equity, many public fund companies are thinking about the way of breaking the situation and making force to "hold camp" frequently. For example, increase the scale of the extension of the "C share", the transit mode, and the "secondary start" of the stock fund.

"The overall distribution of the market has not improved, and the fund company has a large demand. In this case, it can only retain old customers and re -obtain customers by continuous marketing. The final competition of performance. "A large public offerings in Beijing admitted admitting.

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