The Explosion Fund Has Boosted Hundreds Of Millions Of Capital Into The Market And Set Up A New Position.

The new fund issue rekindled the market.

In June 8th, there was another fund raising over 10 billion. Information from the channel shows that the final growth of the southern growth pioneer released on the same day reached 32 billion 400 million, and finally announced the early closing of the offer.

In fact, since May, the fund has been concentrated again, including the quality growth of huitianfu released in May 18th, the balanced growth of the two billion dollar explosive fund in the May 20th, and the "one day run out" product of the growth and navigation of the Great Wall and the one year's opening of the Indo Australian silver technology innovation.

Wind data show that since May, the number of proactive equity funds has exceeded 120 billion yuan as of June 9th. With hundreds of billions of capital flowing into the market, the establishment of star funds has also attracted much attention.

"Since May, the market has maintained a structural market. At present, we still have concerns about the impact of economic uncertainty, so we are relatively cautious. This year, the market will still be characterized by excellent stocks, index or volatility adjustment. In June 9th, a fund manager of a public fund in Shanghai told the business reporter in twenty-first Century.

New fund issue grabs hot spot

In fact, for a long time, technology and consumption are popular players of the new development fund.

The southern growth pioneer hybrid, released in June 8th, is a fund that is biased towards technological growth style. Data show that the fund's share of investment fund assets is 60%-95%, of which the investment in the "growth pioneer" category is no less than 80% of the assets of the non cash fund.

According to the positioning of the southern fund, the fund's "growth pioneer" theme refers to the high quality growth enterprises with prominent industrial status, better economic benefits, obvious competitive advantages, clear development potential and continuous scale growth.

"Our views on growth stocks are long-lasting and short-term prudent. Short term partial plate valuation bubble trend, but the overall risk is not, although trade friction has escalating trend, the core technology industry short-term uncertainty has been strengthened, but the market gradually desensitization. With the global epidemic easing and the resumption of production resumed, demand will pick up and a new round of technology cycles will still be on the upward stage. The subsequent boom will be gradually restored. Mao Wei, manager of Southern growth pioneer fund, was interviewed.

Although the technology sector has been adjusted since March, the market volatility is obvious, but from the institutional side feedback, many institutions still believe that the technology sector has structural investment opportunities, and will focus on the leading areas of subdivision.

From the perspective of the fund's sales, the fund of the explosive fund in May, the balanced growth of Yi Fang Da, the high-quality growth of huitianfu, the growth and navigation of Jing Shun's the Great Wall, and the fund of sci-tech, silver and silver technology innovation are all products of the technology growth style style fund.

Among them, Yi Fang Da balanced growth and huitianfu quality growth. The scale of raising two funds was over ten billion, reaching 26 billion 967 million yuan and 10 billion 386 million yuan respectively.

Another 4 billion 790 million yuan, which was raised in advance and ended in advance, was raised by the Bank of China Qiming mixed fund. The product mix style of the fund was balanced and partial growth. The sectors concerned included 5G industry chain, new energy vehicle, photovoltaic, military industry, etc.

From the perspective of the fund being issued, there are also many fund products, such as founder Fubon's new growth, Fu Anda technology navigation and investment promotion and growth, aiming at the technology track.

In addition to technology, consumption is also a hot topic of "chasing" layout. Wind data show that since May this year, the consumption thematic funds issued in June 9th have included consumer products such as Debon's big consumption, Jin Xin's Italian medicine consumption, and women's consumption thematic fund.

Since the beginning of this year, Yi Fang Da has been born in the consumer field. Statistics show that Yi Fang Da consumption is selected by Xiao Nan as fund manager, and Xiao Nan has always been known for consumption investment.

Structural market induced differences in warehouse position

It is noteworthy that although technology and consumption are still the hot pursuit of the current institutional layout, but from the configuration point of view, the two hot sectors are facing valuation risks.

"At present, the macro scenario is conducive to risky assets. Investors in the A share market continue to pursue reasonable and even high consumption and growth in valuation. They are unwilling to switch to undervalued, high odds cycles and financial sectors. What needs to be reminded again is the crowding in the consumer segmentation industry." Wei Fengchun, chief macroeconomic strategist at the time fund, said.

According to statistics, the valuation of plates such as food, beverage, agriculture, forestry, animal husbandry and fishery, TMT, electrical equipment and military industry is higher than the historical average.

"Short-term market may still be dominated by structural opportunities. Due to better overseas economic data and obvious improvement in the epidemic situation, the market may pay more attention to the repair logic of the larger damaged plates in the short term, such as consumption, media, aviation, new infrastructure and so on. Beijing, a brokerage department, the chief executive of rights and interests of the public offering fund.

Because of this, there are some differences in the recent positions of new funds.

According to the fund's net value data, the twenty-first Century economic report combing reporters found that since May, the newly established equity fund, Yong win medicine health, nine Thai nine letter quantification and other funds built relatively fast, and the same period established by the contract, Shun Chi election, financing industry trends and other funds relatively slow.

According to the data of partial equity hybrid funds, gf's value leading, Chinese business leader's advantages and Huixing's high-quality growth such as the scale of more than 10 billion are all relatively slow.

Data show that the quality growth of huitianfu A grew by 0.36% last week, and its net growth was 0.42% as of June 8th. Compared with the same type of products set up during the same period, the net value fluctuated slightly.

In contrast, before 3 and April, the new fund set up faster.

"Market adjustment makes A shares enter a more reasonable valuation range. According to previous logic, the market's position at 2700 and 2800 o'clock is actually a very good timing to configure, and it will bring better annual income to the holder, so it will be faster to build a warehouse." A fund manager of a public fund in Beijing told the twenty-first Century business reporter.

As for the logic of the new fund's adjustment, Mao Wei believes that "the history of the global capital market has proved that it is difficult to obtain long-term excess returns, and few people can see the ups and downs of the market every time, so we do not particularly value the positions as a whole. Adjusting the warehouse basis is mainly to adjust the expected rate of return after the risk premium. If we meet our buying criteria, we will buy the stocks. If the warehouse is full, it will make the best choice and adjust the structure.

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