There are fund managers “out of pocket” to buy on a large scale!
On January 11, Hua’an advantage selection (A / C) was officially issued, and Sheng Hua, the proposed fund manager, plans to purchase 5 million yuan during the issuance period, which is deeply bound with the interests of investors.
At the beginning of 2020, the market shock intensified, and major fund companies and fund managers frequently made self purchases, boosting market sentiment. At least seven fund companies, including HSBC Jinxin, Cinda Aoyin and huitianfu, have made large-scale self purchase, including star fund managers. Since the beginning of the year, the total self purchase of funds has exceeded 45 million yuan.
Many fund managers told reporters that the market has continued to adjust since the beginning of the year. The self purchase behavior of fund companies is not only a responsible attitude towards investors, forward-looking layout, sharing growth and risks with investors with practical actions, but also reflects the confidence of fund companies and fund managers in the future market.
since the beginning of the year, the self purchase of the fund has exceeded 45 million yuan
Hua’an advantage selection (A / C) was officially issued on January 11. At the same time, Sheng Hua, the proposed fund manager, plans to purchase 5 million yuan during the issuance period, which is deeply bound with the interests of investors. It uses real gold and silver to express its confidence in the long-term healthy and stable development of the capital market, and also demonstrates its confidence in the future operation of new products.
It is understood that Cinda Aoyin Zhiyuan, to be managed by Feng Mingyuan on January 12, will be held for three years and will be put on sale soon. Cinda Aoyin fund also plans to use the company’s inherent funds to subscribe for 5 million yuan. In addition, xingyin carbon neutralization theme fund, which is to be issued after the Spring Festival (February 7) and managed by yuan Zuodong of xingyin fund, xingyin fund will also follow the investment and stand with investors with practical actions.
Since the beginning of the year, the market shock has intensified. When investors are more and more worried about the market, a number of fund companies and star fund managers have opened the self purchase mode to demonstrate their confidence in the market.
On January 10, Shanghai Investment Morgan woxiang vision, managed by Du Meng, investment director of Shanghai Investment Morgan, held and opened the issuance for one year. On the same day, the announcement showed that Du Mengji, the fund manager, planned to invest 5 million yuan to subscribe for the fund during the raising period. In addition, guoxiaowen’s new fund, China Post Xingrong value one-year holding hybrid securities investment fund, was officially launched yesterday. The fund manager guoxiaowen promised to purchase 3 million yuan. At the same time, the executives of China Post venture fund will also contribute 3 million yuan to subscribe for the new fund.
On January 7, HSBC Jinxin also issued a self purchase announcement, saying that based on the principle of sharing risks and interests with the majority of investors, the company’s management team (excluding Lu Bin, the proposed fund manager) has invested 7.2 million yuan to subscribe for HSBC Jinxin research selected fund; Lu Bin, the proposed fund manager, and the company’s research team have contributed 6 million yuan to subscribe for the fund. The fund was launched on January 6 and raised nearly 2.2 billion yuan on the first day, sweeping away the cold situation of fund issuance in the new year.
On January 6, Wu Zhenxiang, the fund manager of huitianfu MSCI China A50 interconnection ETF connection, also said that he invested 1 million yuan to subscribe for the fund. On the same day, Boshi fund purchased its Boshi Hang Seng Hong Kong stock connect high dividend yield link a, with an amount of 10 million.
On January 4, Yinhua Xinxing, jointly led by Li Xiaoxing and Zhang Ping, held and launched the issuance for three years. The two proposed fund managers will invest 2 million yuan and 1 million yuan respectively in the new fund. On the same day, CCB WoXin’s one-year holding period was mixed and launched on January 4. Tao can, the fund’s proposed fund manager, invested 1 million to boost investor confidence.
Overall, as of the time of publication, according to incomplete statistics, since the beginning of 2022, at least 8 companies have and plan to purchase funds, with a total self purchase amount of more than 45 million yuan.
A person in charge of public offering products department in Shenzhen said that on the one hand, self purchase can demonstrate market confidence and send a signal to investors that fund companies and fund managers are optimistic about the future market and the profitability of their own products; On the other hand, many fund companies in the industry have actually established a long-term self purchase mechanism, and fund companies choose fund managers who know the roots to invest. In addition, the market shock intensified this year, and the fund issuance market did not meet expectations. In the face of the situation that the issuance market is not very popular, some fund companies, especially small and medium-sized fund companies, will invest their own funds to help the smooth issuance and establishment of their own products.
It is worth noting that the self purchase of funds reached a small climax in 2021, and the self purchase scale of public offering in the whole year set a new record since 2018. According to the data, as of December 31, 98 fund companies had subscribed for their own funds 460 times in 2021, with a net subscription amount of 5.888 billion yuan, an increase of more than 40% over 2020. In 2018, 2019 and 2020, the data were 3.268 billion yuan, 2.868 billion yuan and 4.152 billion yuan respectively.
not only self purchase, fund managers give investors psychological massage
Since the beginning of 2022, A-Shares have fallen one after another, with “chilling air”. The hot new energy, military industry, nonferrous metals and other sectors have adjusted, while the undervalued banking, real estate and other sectors have rebounded against the market, and the traditional Chinese medicine sector has sprung up.
“Fund crash” continued to climb behind the hot search. While making fun of themselves, fund managers did not forget to give psychological massage to investors. For example, Sheng Fengyan, the quantitative investment director of Western Lide, sent a microblog to interact with Jimin and mocked himself that “he didn\’t dare to go to his mother-in-law’s house these days.” At the bottom, Jimin left messages to comfort him. “If you fall, do a good research”, “holding zhonggai said that these are drizzle”, “if you say so, we can only choose to forgive”, and Jimin suggested “send a new year red envelope to mother-in-law in advance to make up for her position.”
Niu Yong, manager of Huatai Bairui fund, issued a document to comfort investors: “Huatai Bairui vision smart election has made some corrections recently. I am also worried about the dissatisfied comments left by the position holders in the discussion area. Here, I reply to several issues that you are more concerned about. I hope to calm your anxiety and restore your confidence in the fund. There has been no major change in the short-term fundamentals of the new energy track Most of the callbacks triggered by the change of mood and capital are temporary. “
For the recent market fluctuations, Sheng Hua, the proposed fund manager of Hua\’an advantage selection, said that although the short-term market may face certain fluctuation pressure, it is firmly optimistic about the Chinese market in the medium and long term. In terms of allocation ideas in the next stage, it will focus on “normalization of economic growth” and “gradual withdrawal of policies”. In the management of new products, we will still adhere to our own research and investment framework and select excellent companies from multiple dimensions. Especially when these companies encounter short-term pressure and some differences in the market, it is likely to be a good entry opportunity.
Lu Bin, research director and fund manager of HSBC Jinxin fund, said that the key words of the market in 2022 are “value return and high-quality growth”. In 2022, the macro environment, liquidity and meso structure are expected to be more friendly. Lu Bin said that first of all, we are in an upward environment in which the dividends of capital market reform continue to be released and residents\’ assets accelerate the allocation of equity assets. The strategic position of China’s capital market is very important. There are fewer and fewer investment assets to meet the expected rate of return of residents, and the long-term structural opportunities for A-Shares have been opened. At the same time, the A-share market has very distinctive characteristics and a clear trend of structural differentiation. Grasping the main line of market structure in different periods may be an important prerequisite for obtaining sustainable excess returns.
Yang Yu, the fund manager of Great Wall Fund, said that in 2022, we judge that energy storage, new energy vehicles, photovoltaic and other industries will still develop rapidly. At the same time, China’s high-quality companies are already in a leading position in many links and have outstanding investment value. Therefore, in 2022, we will still focus on the whole new energy industry and make common progress with the industry. In addition, we are concerned about the pullback control. I will focus on the adjustment of positions and internal structure.
(source: China Fund News)
