“The first batch of public offering MOM products reported" floating rate products three years later to open the gate again ""public offering investment business pilot open"" science creation theme fund multiple expansion ""multiple ESG index release ”…… In the past 2019, in addition to obtaining better performance, the public offering fund industry has continued to promote product innovation, and has taken a solid step in the process of market-oriented reform. Industry insiders said that as the stock market continues to improve the soil, the public funds industry will also be professional, in-depth direction.
In 2019, the public offering fund formally entered the \"6000\" stage, a record high. The number of public funds now stands at 6270, up 15% year-on-year and a trillion yuan, according to the latest figures on the China Securities Investment Fund Association's website. On the earnings front, Wind data shows that 99 percent of public funds made positive returns in 2019, with 55 percent of funds yielding more than 10 percent.
Public offering product type innovation opens. Recently, with Ping an, China Merchants, Huaxia and other fund companies to declare seven public offering MOM (administrator) declaration materials were received, public offering MOM products issued on the agenda. And after the re-opening of the first batch of floating management rate funds also ended recently. Industry insiders point out that public offering MOM can well meet the needs of investors with long-term financial planning, and is expected to enhance the medium- and long-term financing capacity of China's capital market. And innovative floating rate models not only encourage managers to improve investment performance, but also avoid short-term irrational redemption by investors and encourage long-term holdings.
At the same time, innovation, green investment concept began to become a new trend. At the end of 2019, the fourth batch of science creation theme funds, including 11 fund companies such as Boshi, Ping an and Penghua, were approved. And with the issuance of China Stock Exchange's sustainable development 100 index and China Stock Exchange's Shanghai and Shenzhen 300 ESG leading index, the investment concept of sustainable development (ESG), which comprehensively reflects the value of economy, society, environment and governance, is widely accepted by domestic institutional investors.
Fund companies are boosting their services. In october 2019, the sfc issued the notice on piloting the investment consultancy business of publicly raised securities investment funds. Five institutions, including the Yi Fonda Foundation and the South Fund, have obtained the first batch of pilot qualifications. As of december of that year, with ant fund and other three independent fund sales agencies \"admission \", the fund has invested in business pilot institutions reached 2 batches of 8.
Looking ahead, yanzhu su, managing director of chuangjin hexin fund, said that as the stock market continues to improve the soil, the division of labor among the main participants in the context of large capital management will become more and more detailed. Therefore, the public fund industry is bound to be more professional and in-depth development in the future.