At the end of the year, the 10 billion private placement that has attracted much market attention since this year is taking positive action.
According to the latest data of private placement network, in the first three weeks of December, the position of 10 billion private placement increased continuously. As of December 17, the position had increased to 80.07%, which is more optimistic than the position level near 75% in late November. In addition to the recovery of positions, near the end of the year, many 10 billion private placement companies also began to prepare for the issuance of new products and actively participate in the “good start” of the channel. Many private placement leaders even took the lead in person and will launch new products at the end of this year or early next year.
Looking back on this year’s private equity issuance, due to the rapid rotation of investment style, different types of private equity funds lead the trend. The issuance of private equity funds also shows the phenomenon of chasing hot spots, from the brand performance companies at the beginning of the year to the 500 index enhancement products in the middle of the year, and then to quantitative neutral and CTA products, Behind the transfer of product heat is the projection of the rotation of capital market style.
Under the above background, the continuous emergence of 10 billion quantitative private placement is a highlight of the industry this year, and the old quantitative private placement has also ushered in the rapid growth of scale.
According to the statistics of private placement network, the private placement with the highest filing number this year is 10 billion yuan quantitative private placement, of which the largest one added more than 400 filing funds during the year. As of the latest data, there are 27 10 billion quantitative private equity funds, with an average return of 20.02% this year. Mingshi investment, Jiaqi investment, jukuan investment, Jinge Liangrui, Tianyan capital and century frontier private equity funds have an annual return of more than 30%, ranking first to sixth respectively. Three 10 billion quantitative private placements including Shenyi investment, Chengrui investment and Jiuzhang assets have a return of less than 10% this year, and the remaining 24 10 billion quantitative private placements have a return of more than 10% this year.
10 billion private placement positive
According to the latest data of private placement network, as of December 17, the overall position index of private equity was 76.88%, a slight increase of 1.12 percentage points compared with last week. Among them, 56.46% of private equity positions exceeded 80%, and those with positions less than 20% accounted for 4.44%. From the historical data, after the substantial position reduction of private equity in the second half of the year, the position reduction momentum slowed down significantly, and the position index remained at about 75% for six consecutive weeks.
It is worth noting that whether it is horizontal or vertical comparison, the recent position selection of 10 billion private placement seems to be more positive. Data show that as of December 17, 10 billion private equity position index has risen for three consecutive weeks. At present, the position index has risen to 80.07%. Moreover, in terms of the proportion of high positions, 63.87% of the private placement positions of 10 billion stocks exceed 80%, and the proportion of private placement of 10 billion stocks with positions less than 20% is only 1.23%.
In addition to the recovery of positions, near the end of the year, many 10 billion private placement companies also began to prepare for the issuance of new products and actively participate in the “good start” of the channel. many private placement leaders even take the lead in person and will launch new products at the end of this year or early next year, including Xingshi investment Jiang Hui, qinghequan capital Liu Qingshan, yuanlesheng Zeng Xiaojie, Central Europe Ruibo Wu Weizhi, Xiangju capital Liang Hui, Hongshang assets Zhang Jun, Panjing investment Cui tongkui, etc.
According to the data of private placement network, the filing of private placement products this year was very popular. As of December 16, a total of 28957 private securities funds had been filed during the year, of which the private placement filing was popular from July to September, with an average number of more than 3000 per month. In terms of strategies, stock bulls and quantitative strategies are the two most popular strategies this year. Among them, 20 private securities managers have filed more than 100, and Lingjun investment, Jiukun investment and Gaoyi assets rank first.
Looking back on this year’s private placement, Xia fan, vice president of snowball, said that due to the serious differentiation of the capital market industry and the rapid rotation of investment style in 2021, different types of private equity funds are leading the trend, and the issuance of private equity funds also shows the phenomenon of chasing hot spots, from the brand performance companies at the beginning of the year to the 500 index enhanced products in the middle of the year, Then, quantitative neutrality and CTA products have attracted much attention. Behind the transfer of product heat is the projection of the rotation of capital market style.
In this context, according to the data of the fund industry association, as of the end of November this year, the total scale of funds managed by surviving private equity fund managers reached 19.73 trillion yuan, another record high. The relatively large increment is the private securities investment fund. In November, the fund scale increased by 23.644 billion yuan to 6.10 trillion yuan; The number of funds increased by 1686 to 74900.
quantifying private placement performance is slightly better
The market structure in 2021 is characterized by an obvious bull market. The rapid switching of small ticket style dominated by growth stocks is undoubtedly a great challenge for 10 billion private placement, but it has also created the great development of the private placement industry. According to the data of private placement network, with xingkuo investment joining the 10 billion quantitative legion, the capacity of 10 billion private placement has been expanded to 102.
On the whole, although the market has remained volatile this year, 80% of the 10 billion private placement still achieved positive returns during the year. It is worth mentioning that due to the rapid expansion of 10 billion private placement clubs this year and the superposition of structural market, the performance of 10 billion private placement has been significantly differentiated. For example, among the 10 billion private placements included in the private placement network statistics, 17 subjective long private placements suffered losses, including 9 10 billion private placements with losses of more than 5 points this year.
In addition, according to the data of private placement network, among the 102 10 billion private placements, by the end of November 2021, there were 71 10 billion private placements that were still in operation and had more than three products with updated performance, with an average income of 15.68% and positive income accounting for 76.06%. Among them, 22 private placement companies with an average income of more than 20% in the first 11 months of this year; There are two 10 billion private placements with a revenue of more than 50%, with a maximum revenue of more than 80%. Alluvial assets, Zhengyuan investment and Xuanyuan investment have won the top three performance of 10 billion private equity strategy this year.
It is understood that alluvial assets was established in 2014, but it was only registered with the fund industry association in November 2020, and the scale exceeded 10 billion in the fourth quarter of this year. From the positions disclosed by Listed Companies in the third quarter, alluvial assets held Delixi Xinjiang Transportation Co.Ltd(603032) 909700 shares in the third quarter, which was new in the third quarter. The stock has increased by more than 366.80% since June 30.
In the list of 10 billion private placement, private equity Zhengyuan investment with subjective long strategy ranks second with an income of 69.62% this year. From the perspective of shareholding history, Zhengyuan investment rarely participates in consumer medicine and other stocks, focusing on new technology and pro cyclical industries. As the company has maintained a high income level for several consecutive years, the management scale of Zhengyuan investment has exceeded 10 billion yuan this year.
In addition, this year’s structural market also led to the rapid expansion of 10 billion quantitative private placement. Private placement network data show that up to now, there are 27 10 billion quantitative private placements.
From the data, Mingshi investment ranks first in the 10 billion quantitative private placement. By the end of November, Mingshi investment had once again won the quantitative private placement champion with 41% return during the year. It is worth mentioning that Mingshi investment was deeply involved in the equity dispute. After two months of game, the dust has finally landed recently. Li Shuo, one of the protagonists in the equity dispute of Mingshi investment, has resigned as the general manager and head of the marketing department of the company. Yuan Yu is responsible for the investment of Mingshi investment and the head of the marketing department, becoming a real controller of the company.
Jukuan investment, as a new 10 billion quantitative private placement, had a revenue of 38.21% by the end of November, ranking second in the list of 10 billion quantitative private placement; Jiaqi investment ranked third with an income of 37.26% in the same period.
However, quantitative private placement suffered a continuous retreat in late September this year, and the excess return of quantitative private placement did not gradually return until November. As of the latest data, there are 27 10 billion quantitative private equity funds, with an average return of 20.02% this year. Mingshi investment, Jiaqi investment, jukuan investment, Jinge Liangrui, Tianyan capital and century frontier private equity funds have an annual return of more than 30%, ranking first to sixth respectively. Three 10 billion quantitative private placements including Shenyi investment, Chengrui investment and Jiuzhang assets have a return of less than 10% this year, and the remaining 24 10 billion quantitative private placements have a return of more than 10% this year.
(Financial Associated Press)
