Two Public Offering Of Explosive Funds On A Single Day Is Now Incremental Funding To Encourage A Shares War Epidemic Confidence

No one would have thought that the issuance of equity funds affected by the epidemic has been in full swing.

In February 6th, two new development funds, Peng Hua value growth and thousands of independent innovation, ended in advance.

The reporter learned from the market participants that in February 6th, Peng Hua value grew in China Merchants Bank on a single day sale of over 5 billion yuan, and the total channel accumulated nearly 7 billion yuan.

On the same day, the amount of independent innovation raised exceeded the 3 billion yuan quota stipulated in the fund's announcement, and the proportion was rationed.

However, explosion is not a common phenomenon, and not all funds are issued well. According to the insiders, the issuance of the new fund is two days of ice and fire. Many fund announcements delayed the raise or extended the raise period.

Unexpected explosion

"We were surprised that the scale of Peng Hua's value growth could reach 7 billion." In February 6th, a salesperson told reporters.

In fact, even before the Spring Festival, the relevant people believe that Peng Hua value growth can reach 3 billion -50 billion.

The unexpected outbreak has made expectations even more pessimistic.

On the first day of February 3rd, due to concerns about the impact of the outbreak, Peng Hua issued a notice of value growth before opening, raising the collection period from "February 3, 2020 to February 28, 2020" to "February 3, 2020 to March 5, 2020", raising the duration of the extension by 6 days.

It is not surprising that in February 3rd, Peng Hua value growth first day was also the first trading day after the Spring Festival. The A share market opened sharply, and the three indexes, the Shanghai Composite Index, Shenzhen stock index and gem, all fell sharply. The closing adjustment ranges were -7.72%, -8.45% and -6.86% respectively.

But then three days of retaliatory rebounding, within three days three index rose 4.36%, 8.40%, 12.05%. By February 6th, A shares rose 3 days, unexpectedly forming a wave of Mavericks, retail investors A shares from this pessimistic, panic selling to the warehouse.

In February 6th, confidence in the market has completely recovered. This day is the fourth day of the issuance of Penghua value growth. On the same day, China Merchants Bank only sold over 5 billion yuan on a single day, and nearly 7 billion yuan in all channels.

This is also the day when 10000 independent innovation announcements are raised, exceeding the limit of 3 billion yuan stipulated in the fund's sale announcement, and ending the collection in advance.

No one in the market thought that the two new funds of Peng Hua value growth and ten thousand independent innovation all ended up in advance in 4 days under the impact of the epidemic.

In fact, investors' enthusiasm for equity new funds is beyond market expectation, but it seems reasonable.

Some people from the Sales Department of the fund company told reporters that they were very busy recently, not only the new fund of equity category, but also the old fund.

In response, Yang Delong, chief economist of Qianhai open source fund in February 6th, said that the current A share market has ended the stage of panic reduction and entered the stage of shock recovery. Investors' confidence has been boosted, and the explosion shows that investors still have confidence in the market. There will be more investment opportunities in the future capital market.

Two days of ice and fire

Peng Hua value growth and ten thousand independent innovation two fund unexpected unexpected hot issue, increased confidence to the new fund issue. However, the explosion is not a common phenomenon. Many new funds are facing difficulties at present.

"Not all funds are in good circulation now, and many new funds have recently announced delays, indicating that the other new funds are not well released." Yang Delong said.

"We originally planned to issue an equity fund after the Spring Festival because of the impact of the epidemic and postponed the issuance plan." In February 6th, a Shanghai fund source told reporters.

Public information shows that since January 30th, there have been five years of Dongfanghong Hengyang scheduled to open, Yong win technology driven, Yi Fang Da card Hongkong securities ETF, the people's livelihood excellent configuration 6 months holding period, Bank of Reyes three years and so on nearly 10 funds announced delayed the collection period; In addition, Peng Yang Jing Rui three years, decided to open mixed, Guang Fa Hui Ze one year set open, Debang Rui Heng 39 months to open, Chuang Jin Xin Xin Yi and other funds extended the collection period.

The Wind data show that 116 new funds are currently being issued (AC category separately, the same below), of which 29 new funds are issued after February 3rd. Of the 116 new funds that are being issued, 17 are equity funds related to equity market, 36 are mixed funds.

Despite the impact of the epidemic, the A share market fell sharply after the Spring Festival, making it difficult for the new fund to issue. But the industry has a "good hair is not good to do, good to do bad hair", the recent outbreak of the A share market callback also creates opportunities for the new fund.

Peng Hua value growth fund manager Chen Xuanmiao said that after experiencing short-term market turmoil, A shares are currently in a rare "golden pit". At present, the Shanghai composite index is located at 2800 points, and the overall valuation is only 12 times. Whether it is the location or valuation is at the bottom of the history, even if we look at the world, it is also a very attractive "valuation depression", which provides a very good time window for the new fund.

Huang Xingliang, an aspiring fund manager of independent innovation, also said that the sharp adjustment of the market would be a better buying opportunity.

In addition, Wanjia fund stakeholders said that the impact of the epidemic is more reflected in the impact of the market rhythm, will not change the long-term trend of the domestic capital market, overlay the rebound performance of the A share market in the past two days.