Funds must read: China Merchants CDR fund manager changes most cattle private equity to make 14 times this year
Fund industry explosion: Guotai Junan Securities Co., Ltd.’s large-scale public fundraising and transformation has exceeded 120 billion yuan in daily sales.
September 16 news, today Guotai Junan Asset Management’s first public participation management product “Jun Deming” opened subscriptions, received investor recognition, and considerable sales.
According to channel news, today’s sales have exceeded 12 billion yuan.
The size of the product Air Force is only 3 trillion.
According to the “Announcement on Suspension of Application of Guotai Junanjun Deming Hybrid Auditing Nuclear Asset Management Plan” tonight, the purchase of this product will be suspended from tomorrow (September 17).
The refund back to business is proceeding normally.
Strengthen long-term performance orientation, promote classified supervision, and reshape the new structure of funds.
In response to the strengthening of the long-term performance guidance of the “12 Articles” requirements, a number of specific persons stated that this guiding role will guide the fund company’s investment style to change to value investment, and at the same time guide investors to replace short-term gaming behaviors, and eventuallyGet tangible investment returns.
Looking for potential sectors, public fundraising will exploit “new core assets”.
Public funds have led the investment in the “five golden flowers” of value stocks in 2003. Now, with the grasp of core assets, performance has risen in an all-round way.
For the understanding of core assets, the market once thought that “getting the consumers to win the world” or simply interpreting the effects of core assets as defense or “heating in groups”.
From the perspective of fund managers, some investors have misunderstandings about “core assets”. After fully digging up consumer stocks, fund managers began to look for new leaders in core assets.
The floating rate fund was reopened, and 12 companies piloted in batches.
Floating management fee funds refer to funds whose management fees are directly linked to the performance of the fund manager’s replacement. It can break the “drought damage guarantee” model of fixed management fees and bundle the interests of managers and investors.
“The pilot was divided into two batches of six each.
“The market for fund positions fluctuated and adjusted, and fund positions rose slightly.
“.
Judging from the distribution of positions monitored by all stocks and hybrid funds, the proportion of fund positions last week was more than 90%.
3%, the proportion of positions in Qicheng to Jiucheng 37.
8%, 50% to 70% accounted for 10.
9%, the proportion of positions below 50% accounted for 32.
9%.
Last week, more than 2 merged funds accounted for 19.
4%, 32.
7% of the fund increase positions within 2 mergers, 34.
7% of fund positions were lightened within 2 mergers, and funds that lightened 武汉夜网论坛 more than 2 subdivisions accounted for 13.
2%.
In the short term, stock fund and hybrid fund positions have risen.
Multiple positive resonances, the fund is optimistic about the dual main lines of technology and finance.
After the A-share shock rose in the first week of September, the market continued to rise slightly last week, with the Shanghai Composite Index and the Shenzhen Component Index respectively increasing.
05% and 0.
98%, the Shanghai Composite Index is running above 3000 points throughout the week.
The fund believes that under the multiple favorable resonances, the current market opportunities outweigh the risks and the market structure is clearly differentiated. It is recommended to pay attention to technology, securities firms and high-boom industries.
During the year, the fund company’s self-南宁桑拿purchased QDII self-purchased funds by 64 public funds for the first time exceeded 100 million yuan.
At the front end, fund companies frequently “self-purchased” become hot spots in the market.
As of September 14, 64 fund companies have launched “self-purchase actions” since this year, with a total of 167 transactions and a net purchase amount of 18.
9.7 billion yuan.
Although the fund companies’ self-purchase enthusiasm has not diminished, compared with the same period last year, the net purchase amount this year has been replaced by 18%.
Fund companies’ “favorite” self-purchased funds have undergone new changes this year.
From the perspective of the types of self-purchased products, since this year, the fixed income product-bond fund with stable investment income has still consolidated the “C position” in the fund company’s self-purchased funds, and QDII has become a “new star” in the self-purchased tide.
Personnel changes were appointed separately, and China Merchants Fund Manager Zhang Yun left.
China Merchants Fund Management Co., Ltd. issued an announcement saying that China Merchants Zhang Yun, a 3-year closed operation strategic placement (LOF) fund manager, Zhang Yun formally left his post on September 16, with another appointment.
After Zhang Yun left office, the fund continued to be managed by Ma Long, Wu Lianggu, Yao Feijun, and Yin Xiaohong.
Fund product science and technology theme funds all achieved positive returns, and the performance of technology ETFs broke out.
Since September, the theme of China-Europe Science and Technology Innovation has been closed for 3 years, and the listing theme of Wanjia Science and Technology Innovation has been issued for three years. The stock positions are at a low level.
The original people believed that the evaluation period of the science and technology theme fund may not be less than 3 years, and relevant funds will also consider accumulating some safety mats in the early stage of operation to improve investment experience.
Since the establishment of 18 science and technology theme funds, they have averaged positive returns, with an average return of 9.
37%. At the same time, the recent performance of some technology-based ETFs has also been dazzling, with a surge in share.
Active equity new fund averaged 7 during the year.
6%.
Wind data shows that as of September 12, the average return of 255 new active partial equity funds newly established this year.
6%, of which the average return of the second new share base year with a heavier holding position translates to 9.
18%, the next new mixed fund income injection 7.
36%; meanwhile, the average return of active equity funds increased by 26.
44%, of which the average return of equity-based and hybrid funds is 33.
95%, 23.
twenty two%.
The A-share ETF financing surplus decreased, and the total margin margin increased to 8.
84 billion copies.
According to Wind data, as of September 11, the total financing balance of A-share ETFs last week decreased by 0 compared with the previous week.
3.4 billion, to 314.
8.6 billion yuan; total margin margin increased by 0 compared with the previous week.
03 billion copies, to 8.
84 billion copies.
The QDII fund went to the sea to “multi-point blossom”, and “Mixed-Child” performed outstandingly.
The public fund’s overseas direction will no longer inherit the traditional US and Hong Kong stocks.
After India and Europe, QDII funds have noticed that they have entered the Vietnamese stock market.
More than 90% achieved positive returns with an average rate of return of 12.
13%, which is the overall report card submitted by 265 QDII funds during the year.
Specifically, QDII funds with “hybrid” genes performed well.
As of September 10, seven QDII funds had an annual rate of return exceeding 30%.
Of these, 6 are products that invest in both domestic and overseas markets.
The dynamic scale expansion of private equity has touched the “cap” of capacity, partly quantifying the private equity closing and guarantee income.
Since 2018, the scale of quantitative private placement has been increasing, especially this year.
According to interviews by reporters, a number of quantitative private placements were attributed to market changes, tactical upgrades, policy loosening, and brokerage promotion.
Customers sought after, and brokerages pushed for a surge in the size of some quantitative private placements.
The high-swap Alpha strategy uses mid-price transactions to gain higher returns. Due to the limited quantitative scale capacity, some private placements have completed the “closeout” in advance.
At present, there have been magic square quantification, Jiukun Investment, and Inno Asset to control the scale.
During the year, 94 private equity funds doubled. Binuo Qihang, the most powerful equity strategy, made 14 times this year, and rose tenfold in the past year.
The stock strategy fund “Binuo Asset” has won the championship with a return of more than 14 times this year.
In the top ten rankings of stock strategy hedge fund returns in the past year, the performance of “Binuo Kaihang 2”, which belongs to Binnuo Assets, has been particularly impressive.
This product was established on January 22, 2018, with a revenue of up to 974 in the past year.
16%, nearly ten times the revenue in a year, which is extremely rare in the private equity industry.
It is understood that “Binuo Qihang No. 2” is mainly benefiting from the forward-looking layout, benefiting from the global easing leading to the revaluation of gold and other resource asset prices, as well as the high performance and growth of 5G. In the first half of the year, it covered 5G, breeding, and rareGold bulls and other bullish industries.
Well-known private equity madly launched new products and doubled the number of institutional studies.
When the market is doing more signals, well-known private placements are also frequent, either actively launching new products or on the way to release products.
At the same time, the institution’s research work is also being carried out intensively. The data shows that in the past month, the number of institution surveys has surged by 138%. Among them, the bull stocks that came out after the 10 billion-level private equity research have also attracted much market attention.
After many rounds of rapid shuffle, domestic quantitative private placement is still in the “Warring States Period”.
At present, the scale of domestic vertical quantitative hedge private equity management represented by Lingjun Investment, Minghua Investment, Ruitian Investment, Jinhua Capital, and Magic Square are all over 10 billion.
The birth of five new tens of billions of private placements also means that Jiukun Investment and Zhicheng Zhuoyuan, who were also the “Big Four Heavenly Kings” last year, have “left behind”.