On December 22, Societe Generale Fund announced that its two-year holding hybrid fund contract of Societe Generale Xingrui came into effect on December 21, with a product raising scale of about 7.95 billion yuan, approaching the upper limit of 8 billion yuan, which not only created the largest initial scale of public equity fund since the establishment of the company, but also became an equity explosion product in the current market.
Since the beginning of the fourth quarter, the A-share market has become more volatile, and the issuance of equity funds has suddenly cooled. As of December 16, wind data showed that the total initial scale of equity funds (active stock and partial stock hybrid) in the whole market was 111.87 billion yuan, the number of issuance was 111, and the average raising scale was only 1.008 billion yuan, including 25 holding period equity products, with an average raising scale of 1.372 billion yuan. In this context, Xingye Xingrui broke through against the trend and became the double first in the initial scale of active equity products and holding period equity products issued and established in the whole market in the fourth quarter.
Xingye Xingrui focuses on emerging industries, advanced manufacturing, pharmaceutical and consumer industries in the dual carbon field, sets up a “two-year holding period”, guides investors to make long-term rational investment, and strives to share the reform and development dividends of the capital market with the holders. According to the release announcement, the product has been launched through multiple channels since December 6, and the main consignment channels are Industrial Bank Co.Ltd(601166) , China Merchants Bank Co.Ltd(600036) , which are also sold simultaneously on securities companies and mutual gold platforms.
Over the past three years, Societe Generale fund has continuously promoted the transformation of “marketization, specialization and digitization”, actively explored the road of high-quality development, consolidated the market-oriented system and mechanism, improved the construction of professional teams, and strengthened the development of digital empowerment. Investment research capability is the “ballast” for public fund companies to stabilize Zhiyuan, anchoring the improvement of investment research core competitiveness. Societe Generale fund is committed to the construction of equity investment research integration, strengthening the transformation and incentive of investment research results through the reform and innovation of system and mechanism, so as to open up the promotion channel of internal talents. The three interact organically and form a virtuous and beneficial cycle.
After three years of transformation and development, Societe Generale fund has trained and emerged a number of equity fund managers with outstanding management ability, outstanding product performance and market recognition. The product line covers the whole market stock selection and popular industry themes such as consumption, medical treatment, science and technology, high-end manufacturing and new energy. Products in QDII and quantification are also being explored and created. In the field of fixed income investment, which has been deeply cultivated for many years, Societe Generale fund has prospectively arranged the “fixed income +” business, and has been equipped with a relatively perfect subdivision strategy product matrix, covering “poly” series partial debt hybrid fund, secondary debt base, fixed open debt base, etc., which can meet the financial needs of investors with different risk preferences. (Deng Kan)
(Xinhua Finance)
