A Shares Incremental Funding "Firepower": The Number Of Explosions Fund Day Suction 100 Billion Investors First Broke 160 Million

In February 18th, Chen Guangming's yuan yuan fund issued second public offering products, which are far from the equilibrium value of the three year holding fund.

According to market information, after 15 minutes of opening the fund, the purchase amount exceeded 6 billion ceiling, and the scale of the sale was over 20 billion yuan for one hour, and the scale of the first day was over 100 billion.

Behind the frenzied influx of incremental capital is the bull market background of the recent A share market rising.

In February 17th, the Shanghai Composite Index closed up 2.28%, while the gem index rose 3.72%, a three year high. In February 18th, A shares opened up, but the closing was still red. Gem refers to a 1.15% rise on the day, and the increase is still outstanding.

"The influx of funds is going along with the market situation, and the capital of the market is coming in one after another. In essence, the inflow of foreign capital since last year is actually the main source of new capital on the market at the beginning, and more and more retail investors have also entered the market quickly after the market has risen. In February 18th, a chief investment officer of a public fund in Southern China told the business reporter in twenty-first Century.

Crazy capital

In the 11 trading days from February 4th to February 18th, the Shanghai Composite Index rose 10 trading days. The trend of A shares is strong and market sentiment is also agitated by bull market atmosphere.

This is not the same as the judgement of many investors. After all, on the first day of the opening year of the rat in February 3rd, the Shanghai Composite Index fell by more than 7% on the same day, and many fund investors chose to redeem it.

"Should we not redeem it?" Seeing a strong trend in the recent A share market, a fund investor in Guangzhou is very impressed.

It is also not difficult to understand why this time fund has been frequent. Just as many people in the fund have discussed, "can we get on the bus now?" or "I missed a few hundred million".

According to the twenty-first Century economic report reporter combing, since February 3rd, there have been investment technology innovation, Jianxin technology innovation, Yong win technology drive, Donghong Heng Yang five years to set up, the bank Schroder Reiss three years, Rui far equilibrium value three years 6 "sunlight base".

Several funds have been started to rationed and the ratio of placement has continuously refreshed market records. Among them, the proportion of investment and innovation in science and technology innovation and Jianxin technology is less than 15%, while the largest explosive value is three years. If the scale is 100 billion, the proportion of the fund will be less than 6%.

"During this period, the main reason for the explosion fund is the market sentiment, and the market performance is more influential." A large public offering fund in Beijing said.

A public security fund raising fund employee also pointed out that "although most of them were telecommuting recently, the preparations for the new fund were long before they were released, nor did they relax. And the channel also made communication and preparation early, as the market is warming, it is clear that everyone is enthusiastic.

Meanwhile, the number of investors in A shares has also increased.

In February 17th, the figures released by China's settlement showed that in the A share market, 800 thousand and 700 investors were added in January, and the number of investors was 160 million 553 thousand by the end of 1. This is the first time that the number of A share investors has exceeded 160 million.

"The current market trend is still in place, and short-term risk preferences and sentiment are expected to continue." The aforementioned public fund people said.

One data can also explain the current hot mood of the market. In twenty-first Century, according to Wind data, according to the data of the twenty-first Century economic report, as of February 17th, there have been tens of thousands of new economic kinetic energy A, Wanjia's new kinetic energy C, and the League of Nations's "Zhong Zheng" certificates, which all refer to semiconductor E and Hua Runyuan's big information media technology. The returns of the 4 funds are over 40%. Among them, the A which has the highest return has reached 42.73% yield.

In contrast, the Shanghai Composite Index has fallen by 2.14% this year as of February 18th.

Spring of technology stocks

In this round of rebound, the most outstanding performance is the growth of science and technology. This is also a recent preference for incremental market capital.

Wind data show that from February 3rd to February 18th, there were 10 ETF with average daily turnover of more than 1 billion yuan, including 5 ETF of Cathay Pacific CES semiconductor ETF, Cathay card semiconductor chip ETF, Warburg certified card technology leader ETF and so on, all of them were ETF of science and technology.

In February 18th, in the stock market ETF of the two cities listed, there were 10 stocks ETF, with a turnover of more than 1 billion 200 million yuan per day. Science and technology ETF, including China Cathay card chip ETF (159995), Huaxia 5GETF, and so on, continue to be sought after by capital, with a single day turnover of 1 billion 391 million yuan and 1 billion 266 million yuan respectively.

"ETF has the advantages of transparency, efficiency, convenient transaction and low cost. Its instrumental attributes are being recognized by more and more investors. Especially in the recent technology stock market, ETF index investment tools can help to diversify the risk of individual stocks, more effectively grasp the industry and thematic trend opportunities, and facilitate transactions in the two tier market, which is more favored by funds. A large public offering fund in Beijing said.

China Post securities research pointed out that when the epidemic eased the market rebound, risk preference is the main line of market, and risk appetite repair will also lead technology growth to get excess returns. At the fundamental level, technological growth also has strong support and prosperity advantages. In addition, the regulatory authorities continue to release warmth in the near future, which is more beneficial to the growth sector of science and technology under the abundant liquidity.

Judging from the recent situation of the fund, 6 of the "sunshine foundation" products accounted for half of the products, and the first three of these funds were over 7 billion yuan.

However, some markets are relatively cautious because of the rapid rise of the market.

"Considering that the market has already subsided and the counter cyclical policy has been fully anticipated, we have a neutral stance on A shares at present, and it is difficult to follow up further quickly." Bo time fund related people said.

"Of course, every round of this kind of market quotation is followed by the process of excessive bubbles with the admission of new capital. Is there a bubble and how long the bubble will come? There is no way to predict it at the moment, but at a macro level, the risk is not very high. The aforementioned chief investment officer said.

"In terms of macro policies, monetary policies and regulatory policies, they are loosening at the moment, so there is no big problem in the general direction. Although the bubble will be a risk if it accumulates to the back, at present, the valuation of A shares and the valuation of the gem are still within an acceptable range. The source said.

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