Rui Yuan, Dongfanghong Adverse Gold Market Difficult to Cover New Fund Issuance Embarrassment

Rui Yuan, Dongfanghong Adverse Gold Market Difficult to Cover New Fund Issuance Embarrassment
Source: Beijing Commercial Daily Original title: Rui Yuan, Dongfanghong’s inverse market gold absorption is difficult to cover the embarrassment of new fund issuance. The current A-shares are still at 佛山桑拿网 the bottom of the shock range.1.27% to close at 2941.01 o’clock.In a weak market environment, the fundraising situation has also diverged.The scale, Ruiyuan Fund, Dongfanghong Asset Management are under the blessing of the halo of public fundraising leaders and strong active management capabilities, and the strong attraction of incidental products.At the same time, some fund companies have experienced an increase in the fund raising period, and the initial fundraising has just exceeded 200 million to establish a line.  On July 29th, Ruiyuan Fund issued an announcement on the confirmation of the proportion of subscription shares of Ruiyuan Growth Value Hybrid Securities Investment Fund (hereinafter referred to as “Ruiyuan Growth Value Hybrid”).The announcement shows that Ruiyuan’s growth value blend was cancelled on July 26. At 15:0杭州桑拿网0 on July 26, the fund’s stock share and the net purchase share of the day totaled more than 9 billion.  According to the fund contract and other related announcements, Ruiyuan Funds partially confirmed the Ruiyuan Growth Value Mix purchase (including fixed investment) on July 26 based on the principle of “proportionate confirmation”, and the confirmation ratio was approximately 26.twenty two%.In other words, on the day when the large subscription is opened, the fund’s subscription amount exceeds the prescribed upper limit and triggers a proportional placement.  It is worth mentioning that this is also the growth of Ruiyuan’s growth value since the first fundraising, once again triggering a low proportion of placement.Looking back at the initial public offering of the fund, in order to effectively control the scale of the fundraising, Ruiyuan’s growth value mix also set a scale of 50 billion in A-type shares and 1 billion in C-type shares.The total effective application amount of Class A reached 710.8.1 billion, with a placement ratio as low as 7.03%.  In fact, in addition to Ruiyuan’s growth value mix, public fund shares have taken the initiative to replace the well-known Dongfanghong Asset Management’s first index fund, Dongfanghong CSI Competitiveness Index Fund, which has recently demonstrated strong gold absorption capabilities.It is reported that the fundraising period began on July 15th and ended on July 26th.Regarding the results of the final fundraising, insiders of Dongfanghong Asset Management stated that detailed data is not yet clear, and the announcement shall prevail.However, a reporter from Beijing Business Daily learned from sources that the fund’s initial fundraising is expected to exceed US $ 4 billion and is expected to become the largest Smart Beta index fund in the public fund market.  It is reported that the fund is a Smart Beta product launched with ROE (Return on Net Assets) as the main factor. The tracking index is the CSI Eastern Red Competition Index. It selects the stocks of listed companies with the highest ROE in various industriesThe composition of the sample stocks reflects the performance of listed company stocks that have long-term competitiveness in the stock line and are in a leading position within the industry.  However, while Ruiyuan Fund, Dongfanghong Asset Management and other fund managers’ products are attracting strong gold, under the weak market, some fund companies have also extended the fund raising period, and the initial fundraising scale has just exceeded 200 million.On July 26, Xinhua Fund issued an announcement on the extension of the Xinhua MSCI China A-Share International ETF Linked Fund’s announcement that Xinhua MSCI China A-Share International ETF Linked Fund began to raise on July 1st, and the original fundraising deadline was July.26th.In order to fully meet the investment needs of investors, it was decided to extend the fundraising time to August 9.  In addition to the fund, since July, there are also a number of funds including Cinda Australia Bank’s core technology hybrid, Castrol Pension 2030 Hybrid (FOF) and other funds to extend the fundraising period.If the extension line is extended to 6 months, a total of 26 funds announced an extension of the fundraising period in the past 2 months, that is, an average of 1 product is postponed every 2 days, and some products have been extended to 2 or even 3 times.  In addition, among the non-initiative new funds established since July, products that have just reached 200 million establishment lines also account for nearly 50%.According to the flush iFinD data, as of July 29, there are 48 non-initiative new funds that can be counted in July. Of these, 23 were first raised between 200 million and 300 million, accounting for the total number of47.92%.  A third-party institution in Shanghai said that the current market trend remains uncertain, and investors will be more cautious in choosing fund products.In fact, ordinary investors will favor products led by star fund managers and fund managers with better long-term performance.At the same time, the science and technology board is preparing to attract market attention in the near future. Science and technology funds and participating in new products also attract the attention of well-known investors.For some fund companies, especially small and medium-sized institutions, the issuance and establishment of new products will be relatively difficult.  In addition, the agency added that the differentiation of fundraising and the underlying market performance are also directly related to the channel, promotion and management capabilities of fund companies, and cannot be generalized.