Agencies To Make New Money, Multi Fund Floating Surplus Of Over 7 Billion Yuan

"P > a href=" http://www.91se91.com/news/index_s.asp "> market < /a > people believe that the participation of public funds in" playing new "should guide market pricing regression rationality < /p >

< p > 2014, the beginning of the Spring Festival, new shares made the long awaited A share market highly sought after by capital.

In the face of this feast, the public fund, which has not yet been launched for a long time, is particularly positive. Because of the outstanding performance of the 45 new shares listed on the first round of listing, it has made a lot of money to participate in the new public offering fund.

According to incomplete statistics, according to the number of net allocated amount, as of February 12th closing, participating in the new public offering fund floating surplus of more than 7 billion 100 million yuan.

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< p > according to the statistics of good buy fund statistics, as of February 12th, a total of 198 public funds were involved in the "new start" feast, and the purchase funds were about 32 billion 100 million yuan, and the allotted amount reached 4 billion 458 million yuan.

If the average increase in the first day of IPO is calculated, the floating profit of the public fund will reach 1 billion 900 million yuan on the same day.

If the fund chose not to hold shares, as of February 14th, the public fund's income from the "fight for new" has surged to 4 billion yuan.

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< p > some analysts say that the IPO has been suspended for more than a year, and the new listing a href= "http://www.91se91.com/news/index_q.asp" > Standard < /a > is more stringent, making the new shares relatively safe margin, and the enthusiasm of the fund to pursue new stocks remains high. This also makes the allotted shares become almost stable business.

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< p > "we basically participated in all the new stock quotations. When we sell the new shares signed, they are treated differently, mainly depending on the growth of new shares.

Considering that the market is not rational, we will give a premium of 10% to 20% after a reasonable valuation.

At present, the valuation of the listed shares is reasonable, but the funds are too chasing. "

A fund company's new business leader told the Securities Daily reporter.

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< p > aiming at the high price and new enthusiasm of funds and brokerages, the SFC has formulated special regulations and provisions to guard against it.

The sixth provision of securities issuance and underwriting management stipulates that "when the initial public offering is made by inquiry, the issuer and the main underwriter shall exclude the highest price quoted in the total amount of the purchase, and the rejected part shall not be less than 10% of the total amount of investment that all the investors under the net purchase.

The excluded part should not participate in the online purchase. "

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< p > a fixed income investment director of a fund company said that the successful allocation of new shares in the past was mainly due to the size of the funds. After the implementation of the new rules, the highest price must be eliminated first, and the number of quoting should not be less than 10% of the total purchase amount, and then the effective quotation and effective purchase quantity should be determined again.

To some extent, this has restrained the overpriced problem of IPO in the fund company, and the future pricing power is an important reason for deciding whether or not to purchase successfully. Besides, luck is also important.

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< p > < < a href= > http://www.91se91.com > > fund > /a > as an important participant in IPO quotations and investment in new shares should shoulder the historical mission of maintaining a fair and just price in the IPO market.

A number of fund related stakeholders said that we should further strengthen internal control, carefully study the investment value of new shares, make reasonable quotations in the inquiry process, guide the market pricing to return to reason, do not participate in malicious bidding, damage the market pricing mechanism, make every effort to ensure the interests of fund share holders, and ensure the smooth registration of new shares.

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