On December 23, the market data of public funds released by China Foundation Association showed that as of the end of November 2021, the annual net asset value of China's public funds totaled 25.32 trillion yuan, an increase of 914.188 billion yuan month on month, an increase of 3.75%.
This data means that the scale of China's public funds has reached another record high.
The growth of scale and "new development" seem inseparable. Data show that this year is still a "super year" for the issuance of public funds. As of December 23, the total number of newly established funds in the year was 1826, reaching a record high, with a total share of 2.92 trillion. Among them, the number of newly established funds in the first 11 months alone has reached 1654, exceeding 1387 of the total number of newly established funds in 2020, with a total issuance share of 2.68 trillion. In November alone, 175 new funds were established, with a total issued share of 207.425 billion.
However, from the perspective of the total issued shares of newly established funds during the year, there is still a distance of nearly 200 billion yuan from the 3.12 trillion in 2020.
the scale of public funds hit another record high
According to the data of China Foundation Association, as of the end of November 2021, there were 137 fund management companies in China. Among them, there are 45 foreign investment fund management companies and 92 domestic fund management companies; 12 securities companies or asset management subsidiaries of securities companies and 2 insurance asset management companies have obtained the qualification for public fund management.
At the end of November, the net asset value of public funds managed by the above institutions totaled 25.32 trillion yuan, an increase of 3.75% month on month.
The scale of all subdivided types of products showed month on month growth. Among them, the latest scale of Monetary Fund, hybrid fund, bond fund, equity fund and QDII fund was 9.86 trillion yuan, 5.98 trillion yuan, 3.74 trillion yuan, 2.49 trillion yuan and 1987.04 billion yuan respectively, with a month on month increase of 1.88%, 3.79%, 10.06%, 2.19% and 1.72%.
In terms of quantity, by the end of November, the number of closed-end funds had reached 1181, an increase of 24 compared with the end of October; The number of open-end funds reached 7971, an increase of 159 compared with the end of October.
Among the 159 new open-end funds, 39 are equity funds, 83 are hybrid funds, 36 are bond funds and 1 is monetary fund.
In fact, according to the data previously released by the American Association of investment companies (ICI), as early as the end of September this year, the global ranking of China's public funds has moved forward by one place compared with the end of 2020, rising to No. 4, second only to the United States, Ireland and Luxembourg, ranking first in the Asia Pacific region.
The ranking rose steadily thanks to the hot fund issuance. Since 2021, compared with other countries in the world, China's net fund sales have always been in the forefront of the world. According to the data from ICI, in the third quarter of 2021, the net sales of China's open-end public funds reached US $137.2 billion, ranking second in the world, second only to US $246.1 billion in the United States.
In addition, according to the data of Galaxy Securities Fund Research Center, as of the end of the third quarter, the total market value of A-Shares held by public funds was 5.72 trillion yuan, accounting for 8.31% of the circulating market value of a shares. The two core data continued to rise synchronously, the highest level in recent ten years, and the voice in the public offering market gradually increased.
Researchers from a fund company in South China said that the scale of public funds has repeatedly innovated due to many factors. First, institutional investors are the general trend of the development of the whole capital market. "One of the important signs that the capital market has entered the mature stage is that there are fewer and fewer retail investors and more and more institutional investors in the market. The scale of public funds has repeatedly reached new highs, which is actually the inevitable result of the development of the whole capital market to a certain stage."
"In addition, the current overall interest rate level is relatively low, and the market expects investment products with relatively high income level. Compared with bank deposits, public funds with higher income level have become a popular choice."
more than 1800 new products were born
Compared with the sluggish issuance of new funds in October and the establishment of less than 100 new funds, in November, the number of new funds reached 175, with a total issuance share of 207.425 billion.
However, the average issuance share of newly established funds in that month was only 1.185 billion, the second lowest month since this year.
Overall, this year is still a "super year" for the issuance of public funds. Data show that as of December 23, the total number of newly established funds in the year was 1826, reaching a record high, with a total share of 2.92 trillion. Among them, the number of newly established funds in the first 11 months alone has reached 1654, exceeding 1387 of the total number of newly established funds in 2020, with a total issuance share of 2.68 trillion.
Data show that this year's fund issuance overall presents a "high before low" trend. In the first quarter, market sentiment was high, and several 10 billion burst funds were born. In less than three months, the scale of new funds stood at trillion yuan. However, with the sharp correction of core assets, fund issuance suddenly cooled down. This situation only picked up after the third quarter.
However, from the perspective of the total issued shares of newly established funds during the year, there is still a distance of nearly 200 billion yuan from the 3.12 trillion in 2020.
With the continuous deduction of the structural market this year, equity assets, including index products, are increasingly recognized by investors and fund companies. According to the data of China Foundation Association, by the end of November, the number of equity funds and hybrid funds had reached more than 5600, all showing the strong layout of fund companies in equity products.
From the perspective of the management scale of fund managers, up to now, the number of equity fund managers with a management scale of more than 10 billion has reached 309, and the management scale of four fund managers has exceeded 100 billion.
Among them, the active equity fund management scale of 18 fund managers exceeded 40 billion, and the management scale of e fund Zhang Kun, Jingshun Great Wall Fund Liu Yanchun, China Europe Fund Ge Lan and Xingzheng Global Fund Xie Zhiyu exceeded 90 billion.
The aforementioned public offering people in South China said that now the overall market of public funds has begun to enter the track of healthy development. "In recent years, driven by various policies, the development of the public fund market, including equity products, has been gradually specialized and intensive, which can better help investors make more appropriate and professional investment choices. Therefore, it can be recognized by market investors more and more."
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(Financial Associated Press)
