For the first time in history!

The issuance of new funds exceeded 2 trillion yuan!

　　As of August 28, 973 new funds have been established this year, and the annual issuance scale has exceeded the 2 trillion yuan mark for the first time.

　　Fund issuance this year has shown a blowout as a whole. The total scale of new fund issuance exceeded 1 trillion yuan in six months. After that, fund issuance has accelerated. The second 1 trillion yuan only took 2 months.

　　As of August 28, 973 new funds have been established this year, and the annual issuance scale exceeded the 2 trillion mark for the first time, reaching 2.02 trillion yuan.

　　Statistics show that since the beginning of this year, 173 and 410 stock and hybrid funds have been established, with a scale of 263.694 billion yuan and 101.238 billion yuan respectively.

This means that the total issuance of equity funds is 1.28 trillion yuan, accounting for 63.26%.

　　Of particular concern is that there are 26 new funds established this year with a scale of over RMB 10 billion, of which 23 are equity funds.

　　Why is fund issuance so hot?

　　Financial commentator Wang Chao:

　　In 8 months, 973 new funds raised a total of more than 2 trillion yuan, which created a new history in China's fund industry.

　　Looking back over the past ten years, only 2015 and 2019 fund issuance exceeded RMB 1 trillion.

In the first eight months of this year, the scale of the newly-developed funds has created a new amount of sky, and more importantly, this trend has not stopped.

　　Why is public fund issuance so hot this year?

I think that in addition to the good atmosphere brought about by the good stock market, the decline in interest rates and the relocation of bank wealth management funds are also very important factors this year.

　　A good market will attract money, and a lot of money will make the market better. Driven by the money-making effect, new funds issued by high-quality fund managers are generally sought after by investors.

The hot subscription scene has caused many equity funds to set the upper limit of scale, and there have also been tens of billions or even hundreds of billions of funds competing for a fund, resulting in a low allocation ratio.

　　The scale of fund issuance has increased, and it is not necessarily fund managers who are happiest, but fund sales agencies are more likely.

Obviously, agents who do not have to bear the pressure of changing net worth can enjoy various sales expenses and commissions as long as they can sell their products, and some powerful agents will even moderately reduce the profits of fund managers.

　　To this end, the China Securities Regulatory Commission has also issued a new version of the public offering sales method to promote the resources of the fund management industry to gradually tilt towards product management capabilities, and to promote the industry's transformation from "focusing on channels" to "focusing on products."

This transformation is critical. After all, only doing a good job in the product itself is the key to winning future industry competition.

　　According to the latest news, BlackRock, the world's largest asset management company, has obtained the first wholly foreign-owned public offering license, and more foreign institutions have also begun to submit applications for the establishment of public fund companies. The era of competitive big asset management is coming.

　　Investors and financial practitioners, are you ready?