doubledeuceswild| The total scale of public funds hit a new high and exceeded 30 trillion yuan for the first time

On May 23, the China Securities Investment Fund Industry Association released the latest public fund market data, showing that by the end of April 2024, there were 148 mutual fund management companies in China, of which 51 were foreign-invested fund management companies (including Sino-foreign joint ventures and wholly foreign-owned) and 97 domestic fund management companies.DoubledeuceswildThere are 13 securities companies or asset management subsidiaries of securities companies qualified for public offering fund management and 1 insurance asset management company. The total net asset value of public funds managed by the above institutions is 30%Doubledeuceswild.78 trillion yuan. This is also the first time that the total size of public offering funds has exceeded 30 trillion yuan.

As important institutional investors, public offering funds are playing an increasingly important role in the reform, development and stability of the capital market. In recent years, public offering funds have shown a good development trend, and the scale has continued to grow.

This time, the total size of public offering funds reached another record high. specifically, the total net asset value of closed-end funds was 3.82497 trillion yuan, while that of open-end funds was 26.952701 trillion yuan, an increase of 11.817 billion yuan and 1.57 trillion yuan respectively over the end of March this year. To further sort out, among the open-end funds with relatively large growth in scale, including stock funds, mixed funds, bond funds, money funds and QDII (qualified domestic Institutional investors) funds, as of the end of April, the sizes of the above five categories of funds were 3.18 trillion yuan, 3.72 trillion yuan, 6.14 trillion yuan, 13.43 trillion yuan and 480 billion yuan respectively, all of which were higher than at the end of March.

Among them, perhaps due to the large scale base, money funds made the greatest contribution to the growth of the total size of public offering funds, an increase of 942.66 billion yuan compared with the end of March. The size of the bond fund also grew rapidly, an increase of 464.987 billion yuan compared with the end of March. At the same time, as the equity market continues to pick up, the scale of equity funds has further increased, with the size of stock funds and mixed funds increasing by 85.939 billion yuan and 68.088 billion yuan respectively compared with the end of March. In addition, the size of the QDII fund also increased slightly, an increase of 5.82 billion yuan compared with the end of March.

In terms of fund shares, as of the end of April, the share of open-end funds was 25.6 trillion, an increase of 1.35 trillion from the end of March, while the share of closed-end funds shrank slightly to 3.59 trillion, a decrease of 918 million from the end of March. Among the open-end funds, except for mixed funds and QDII funds, the shares of other types of funds have increased in varying degrees. Among them, the shares of money funds and bond funds climbed more, with the latest shares rising to 13.44 trillion and 5.45 trillion respectively, an increase of 960.519 billion and 393.747 billion respectively over the end of March. The share of equity funds also increased, up 20.358 billion from the end of March to 2.74 trillion.

In terms of the number of fund products, the number of equity funds performed well in April, with a total increase of 66 equity funds and mixed funds, 39 bond funds and 6 QDII funds, respectively.

A few days ago, the new "National Nine articles" proposed, "vigorously develop equity public offering funds, and greatly increase the proportion of equity funds." Obviously, public offering firms are actively increasing the number and scale of equity products.

China Europe Fund told the Securities Daily: "Equity public offering funds mainly invest in the stock market. Through professional investment management, they can guide more long-term funds to enter the market and improve the liquidity and stability of the market." At the same time, the investment activities of the fund can also increase the market activity and inject new vitality into the market. In addition, equity funds can provide stable financing channels for enterprises and support their development and innovation by investing in listed companies. Especially for small and medium-sized enterprises and high-tech enterprises, public offering institutions can provide important financial support to help them grow rapidly and promote the optimization and upgrading of the economic structure. "