The latest scale of public offering institutions is released!
According to the WIND data terminal, according to the statistics of the latest 2024 fund second quarter report (as of 2 p.m. on July 19), the top 10 institutions in the latest public non-stock management scale are: E Fund, China AMC Fund, GF Fund, Harvest Fund, Wells Fargo Fund, Bosera Fund, China Merchants Fund, China Southern Fund, China Universal Fund and Penghua Fund.
Looking back at the end of the first quarter, the expansion of equity ETFs allowed some institutions to overtake the non-cargo scale.
In the second quarter, the market situation changed: the increase or decrease in the size of bond funds almost determined the market position of a public offering.
Although the equity market is not only salty and not light, this has not affected the contrarian expansion of major public offering institutions in this field, and many leading institutions have achieved a "simultaneous increase" in scale.
Therefore, the ranking of public offering institutions at the end of the second quarter is the ability of fund companies to develop in an all-round way!
Top 10 "ready for change"
The top 10 non-stock funds of public institutions have always been the most watched list in each reporting period.
According to WIND statistics, as of June 30 this year, the first to tenth places were: E Fund Fund, China AMC Fund, GF Fund, Harvest Fund, Wells Fargo Fund, Bosera Fund, China Merchants Fund, China Southern Fund, China Universal Fund and Penghua Fund.
The non-stock scale of all the above-mentioned public offering institutions has achieved a quarter-on-quarter increase, highlighting the growth ability of large companies.
In this quarter, GF Fund had the fastest growth momentum, with a quarter-on-quarter increase of 14%, that is, a net increase of nearly 100 billion yuan. However, its seat has not changed, and it still ranks the "third" in the industry.
The only change in seat position occurred in 6th and 7th place.
Bosera Fund and China Merchants Fund changed seats in the second quarter compared with the first quarter, and the former rose to sixth place.
Harvest Fund, the biggest "disruptor" in the last quarter, stabilized its position in the fourth place in the industry, when the size of the institution increased by as much as 12% quarter-on-quarter.
Shishido further found that the scale of GF Fund's bond fund increased from 294.2 billion yuan in the previous quarter to 407.9 billion yuan, which is an important source of its scale growth.
In addition, E Fund's top position is still very solid, with the latest scale reaching 1.15 trillion yuan, and it is also the only institution in all public offerings with a non-cargo scale of more than one trillion yuan. E Fund's scale increased by 7% quarter-on-quarter, of which bond funds contributed 83.2 billion yuan in a single quarter.
The second-ranked China AMC Fund continues to catch up, with the latest scale exceeding 950 billion yuan, which is getting closer and closer to the trillion mark.
The growth of ChinaAMC Fund also came from bond funds, which increased by nearly 50 billion yuan in a single quarter.
It can be seen that the "expansion" of bond funds in the second quarter has become the key to the increase in the scale of the head public offering.
The "second echelon" has changed dramatically
Next, observe the situation of the non-stock ranking of the public offering industry from 11th to 20th.
According to WIND, the latest seats of the "second echelon" are: Invesco Great Wall, ICBC Credit Suisse, Huatai Berry, Tianhong Fund, Guotai Fund, Huaan Fund, Yongying Fund, Bank of China Fund, Bank of Communications Schroders, and Xingquan Fund.
The lineup of the "second echelon" is exactly the same as in the previous quarter, but the number of seats has changed dramatically.
Among them, Invesco Great Wall rose two places in a row to win the 11th position, an increase of 16% month-on-month.
The answer to the sharp increase in the single quarter of this public offering is still in the bond fund.
At the end of the first quarter, the fund's bond fund size recorded 144.6 billion yuan, compared with 196.4 billion yuan at the end of the second quarter, an increase of 51.8 billion yuan.
The largest month-on-month increase in the size of the above-mentioned camp is the Winwin Fund, with a month-on-month increase of 19%.
The bank's public offering rose from 20th in the first quarter to 17th in the latest one, and achieved a "triple increase" in the scale of equity, hybrid and bond products. Among them, the scale of hybrid increased by 4 billion yuan in a single quarter, while bond funds "absorbed" 47 billion yuan in the same period.
Why is the "fluctuation of the bond market" so significant?
Why does the size of the fund appear to be determined by bond products?
There is an important market background here: in the first half of the year, a large amount of funds poured into the pure bond market, and the bull market of long-term bonds was optimistic, attracting a large number of investors who followed the trend and went long.
Taking the top 20 as an example, the Bank of China Fund, which has a distinctive bond fund, has achieved a 10% increase in scale, of which bond products have contributed more than 30 billion yuan in increments;
In recent years, Tianhong Fund, which has developed a bond base, has also recorded an increase in bond funds of 41.2 billion yuan.
The "waist" camp has increased significantly
The institutions ranked 21st to 30th in the non-stock of public funds are: China Europe Fund, Ping An Fund, CCB Fund, Yinhua Fund, Industrial Fund, Dacheng Fund, China Life Security Fund, Wanjia Fund, SPDB AXA Fund, and UBS SDIC Fund.
As shown in the figure above, the increase in the size of this "waist" is quite significant.
Among them, the most prominent is the Industrial Fund, which added 37.1 billion yuan. The mystery is still from bond funds, which increased by $53 billion.
It can be seen that the "force" of bond products has become an important strategy for the expansion of the scale of banking institutions.
The growth rate of non-goods is second only to Industrial Fund, as well as China Life Security (+14%), Ping An Fund (+12%), and Dacheng Fund (+12%).
The "scale dividing line" is rising
In addition, as of the end of the second quarter of this year, there were a total of 48 public offerings in the whole industry with a non-cargo scale of more than 100 billion yuan, three more than before.
The number of institutions with the latest non-cargo scale of 50 billion yuan is 73, an increase of four compared with 69 at the end of the previous quarter.
In any case, the mutual fund industry is still growing.
Attached to the figure below: The scale of public offering non-goods at the end of the second quarter of 2024
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