What is the performance of the former explosion fund now?
From 2019 to 2021, the public fund issuance market has issued more than 1000 new funds for three consecutive years. Fund companies and channels hope that this year's fund issuance market can continue the popularity of previous years. They arranged a large number of new fund issuance in January, including star funds.
However, the fund sales situation in the beginning of the year was very bleak, and even the phenomenon that the fund raising scale in a single day was only "single digits", which was tragic compared with the frequent grand occasions of "over raising", "second light" and "10 billion base" in previous years. The recent sporadic explosion in the issuance of new funds has also failed to reverse the dismal situation of the fund issuance market. The recent shock in the A-share market has depressed the morale of the issuance market.
It is hot in the market. In recent years, the net value of hot funds with a issuance scale of more than 10 billion has generally performed, which has a great pressure on market sentiment.
the difference between the head and tail income of the explosion fund is 50%
For most fund investors, the performance of fund net value is what they are most concerned about.
A fund investor told reporters that there have been a lot of hot money in the new fund issuance market in the past two years, and investors are excited about subscription. However, the performance of these funds is really unsatisfactory. Some funds with large losses are still in the closed period, investors can't carry out any operation, and their anxiety is increasing.
According to the data of , since 2020, there have been 42 active equity funds with a total issued share (calculated by combined share, the same below) of more than 10 billion, of which half of the funds have still suffered losses since their establishment, which directly led to the decline of the scale of the fund to varying degrees.
As of January 16, the biggest loss since its establishment is Penghua innovation's closed hybrid fund in the next 18 months. The latest net value of the fund is 0.7291. From the net value curve, its net value has fallen all the way since the Spring Festival in 2021 and has never improved.
Penghua innovation closed hybrid fund for the next 18 months was established in September 2020 and is one of the first five innovative future funds planned to participate in the strategic placement of ant group. The other four funds are e fund innovation future, Huaxia Innovation future, China EU Innovation future and huitianfu Innovation future.
The above five funds are still closed off the counter and will be opened this year. For investors participating in the five strategic placement funds, they have the same beginning but may face different outcomes. The data show that the income difference between the first and last of the five funds since their establishment is nearly 50%. Yi Fang Da innovating the best performance in the next 18 months, weighing the stocks and taking into account consumption and new energy, and has been making a return of 20.94% so far. Peng Hua has been innovating for 18 months, and Baijiu has lost the new energy market because of its persistence in liquor stocks, and has lost 27.09% since its establishment.
In addition, the investors of the fund also said that the recent sharp decline in the market environment has had a great impact on investor confidence. The market is generally expected that this year's market will still be a structured market. Investors are in a serious wait-and-see mood, and there is a relatively rich number and types of funds available in the market, so it is not necessary to subscribe for new funds, The longer closure period and high subscription fees of some new funds are also considered.
the intensive issuance of new funds encountered a "cold wave"
From the perspective of the issuer, the superposition of various factors led to the issuance of new funds less than expected.
The volatile market of A-Shares suppressed investors' enthusiasm for subscription and channel sales of new bases. In terms of fund types, partial equity funds accounted for the largest share in the fund issuance in January. A-share performance determines whether the issuance of partial share funds is smooth or not. Since the beginning of 2022, the A-share market has been subject to shock adjustment, in which the Shanghai stock index fell by 3.26%, the gem index fell by 6.12%, and the issuance of partial stock funds was not satisfactory.
A large number of new funds were intensively issued in January, and channel sales were difficult. According to the data, as of January 16, 156 new funds (calculated by combined shares, the same below) were being issued. This week will usher in the last wave of issuance peak before the Spring Festival, with a total of 32 funds joining the issuance army. Only 7 of the funds opened for subscription this year ended the raising period ahead of schedule. Some sources said that on the one hand, the issuance of new funds this year was less than expected, and on the other hand, the fund schedule had been arranged as early as the end of last year, so they had to continue to issue. Under the weak issuance market, there was also a "barrier lake" in the sales of new funds, which was difficult for salespeople to take care of.
Star fund managers have less appeal than in previous years, which is also one of the important factors for the cold issuance of Xinji this year. Many ordinary investors prefer to select funds through historical performance. Most of the top fund managers last year did not have long investment experience and weak market appeal, while the performance of long-distance running veterans last year was generally weak, which was not conducive to the issuance of new funds. Some veterans even did not include the issuance of new funds in the schedule.
