"Big Collection To Public Offering" Products Are Hot And Stir Up The Market At The End Of The Year.

Equity Fund issuance boom is reappearing.

In November 4th, CITIC Securities second large collection of public offerings of CITIC Securities dividend value held a year of mixed hybrid asset management plan officially launched sales, the sales scale of that day reached 4 billion 600 million. On the same day, Dongfang Hong Qi Yuan's flexible allocation of hybrid securities investment fund was also launched on the same day. The news shows that the sale of the product has exceeded 3 billion yuan.

In August this year, the first batch of three securities companies, namely, TSE, CITIC Securities Management and Guotai Junan information management company, received the approval of the public collection and transformation of large collection products. Immediately after that, related products began to sell in September.

According to the twenty-first Century economic report reporter, CITIC Securities's first large collection of public offerings, CITIC Securities, rolled over six months to hold a bond type collective asset management plan, and sold 3 million dollars on line. This stock market is also a hot market.

In fact, with the fund's money making effect showing, in addition to a large number of securities companies to collect public offerings, this year, the public interest fund issuance situation is also very active, frequent burst of funds.

"On the one hand, the fund's earning effect is quite obvious this year, and the recognition of investors has improved. On the other hand, some fund companies have strong investment ability, and there is a brand premium, so there will be a hot sales situation." A large public fund worker in Beijing told the twenty-first Century business reporter.

Brokerage products enter Bureau

Statistics show that the stock investment of CITIC Securities dividend value set plan accounts for 50-95% of the aggregate plan assets, of which the proportion invested in bonus shares is no less than 80% of the non cash assets of the aggregate plan.

According to the twenty-first Century economic report, the sales scale of CITIC Securities dividend value was about 500 million yuan on the second day of online sale, and the total scale of the total stock raising on the two day was over 5 billion yuan.

"On the first day, the scale of the fund sales is very high, mainly because the early CITIC started making appointments in advance within the system, and the second day may not be as big as the first day. The company intends to observe the current specific sales volume, and make the next step to deal with the plan. In November 5th, a person close to CITIC Securities told the business reporter in twenty-first Century.

"This year, the performance of the public offering fund is good. Some companies with strong investment and research ability are even more outstanding in this context. The industry leader has potential brand effect and is more concerned and recognized by investors. A brokerage department of the public fund company people said.

It is worth noting that the CITIC Securities dividend value also adopted the performance reward mechanism, which is one of the reasons why its products are concerned by the market.

According to the disclosure, the dividend value of CITIC Securities is extracted from 20% of the annual yield of over 6% of the new customers held by the performance payment provider after the completion of the transformation. At the same time, the product management fee is 0.6%, less than 1.5% of the industry average.

"Public offering products can be more attractive to investors by reducing management fees and collecting performance rewards. A good customer is a good administrator. Making money relies on solid performance rather than just making money on scale, so setting rates also reflects confidence in investment capability. A large brokerage firm in Beijing was interviewed.

In fact, it is not only the product of CITIC Securities, but the first large collection of public collection and transformation products of Guotai Junan, also issued a record of 12 billion on the first day of issue in September.

Under the example of several leading companies, other companies that have already received approval are also preparing for battle. According to combing, apart from CITIC Securities Management, Guotai Junan information management, and East certificate capital management, GF information management and CICC also get a large collection of products public collection transformation approval.

For example, the first two products of GF management include one bond product and one mixed partial stock product. They are GF, the year of management, the one year holding period, the bond type collective asset management plan and the GF information management consumption.

"According to the regulatory requirements, until the end of 2020, we need to complete the rectification. We expect that the next period will be the peak period for the securities companies to turn public offerings to the public." The broker said.

Fighting at the end of the year

"The market is huge, and we will make progress with our excellent peers." Turning to the recent situation of securities companies offering products "crazy gold absorption", a public fund worker in Southern China said.

In fact, as the end of the year draws near, the battle for public offering scale is already in the firing line.

As recently, Xingquan and Thailand attracted 50 billion of gold every day. In October, many funds announced that they had closed early, and the number of funds raised by more than 2 billion had increased.

According to the twenty-first Century economic report reporter combing, since September, as of November 5th, the subscription of the active equity funds, there are the Great Wall's innovative growth of the Great Wall, Xingquan Hetai and Fu Guo Chi Cheng selected 3 months, always win high-end manufacturing 4 shares of the fund's issue share of more than 2 billion.

From the scale of issuance, 4 funds totaled 18 billion 771 million, accounting for 49% of the total 27 (share share Statistics) active equity funds that have been subscribed and ended since November 5th in September.

From the point of view of issuing rhythm, there are a lot of fund raising in advance. For example, the the Great Wall innovation and growth fund has been publicly raised since September 30th. The original subscription deadline was October 30th, and by October 15th, the fund announced the end of the offer.

"The current equity market is relatively hot, and the popular fund has several characteristics. For example, the fund managers' historical performance is relatively good and their style is relatively stable. In addition, the growth style of the recent market has risen, and the fund matching with the fund managers themselves has also been concerned. Finally, many fund explosions fund also has the function of the premium of the fund company's brand. Beijing, a public fund market people said.

"During this period, the market is hot, and we have enhanced the continuous marketing of the equity fund. The company has recently launched a plan to distribute the proactive equity products, so we are all riveting." A large public fund people said.

Another public fund market department member also regrets, "at the end of the workload surge, after all, the scale of the issue is so large, we must hurry up."

"At the moment, we are pushing some star fund managers who have been making long-term achievements. On the other hand, we will continue to recommend for some outstanding investors who have outstanding performance, clear investment style and investors prefer." The aforementioned public funds told the economic news reporters twenty-first Century.

When it comes to product planning, more public funds also put forward targeted layout.

"In terms of the needs of different customers, in terms of equity funds, they are mainly classified by industry classification and distinctive style funds. In terms of mixed funds, products which are consistently stable returns are the main ones. In terms of the development of special products, the first is the development of public funds, focusing on the development of TMT, health care and other fields. At the same time, efforts should be made to cultivate new styles of products such as ESG investment. First, in terms of household products, our advantage lies in the product management of overseas sovereign funds and other large organizations. Bo time fund related people pointed out.