Fund running!6 "Sunlights" appeared in October

Data is a treasure

Data treasure

Less troubles of stocks

Since September 24, A -share love has shown a comprehensive rebound situation. The Shanghai Index has returned to 3,200 points, and has risen by 19.03%, and the market emotions are active.Against this background, the issuance of stock funds has been supported by Kimin, and bond funds are relatively "cold".

前10月基金发行规模同比增长超10%

据证券时报·数据宝统计，Based on the establishment of the Fund, a total of 926 funds were established in the first 10 months of this year, a slight decrease from the 978 in the same period last year.The average issuance share increased significantly from 844 million copies to 958 million copies. Total issuance share reached 886.914 billion, an increase of 7.47%year -on -year; the total distribution scale reached 922.999 billion yuan, an increase of more than 10%year -on -year.

按月份来看，今年基金发行主要集中在上半年，3~6月发行份额均在1000亿份以上，其中3月、4月、The number of more than 100 established in June.In the second half of the year, the number and share of the fund issuance decreased. In October, it was affected by the holidays, and a total of 55 were established, the lowest since this year.

It is worth noting that the frequency of Reist fund issuance in the subdivision category has increased significantly. There are 21 in total from January to October, and only 6 were established last year.In recent years, the policy area has encouraged new types of infrastructure asset pilot public offerings to issue. The type of REITS fund issuance has continued to expand. The first Ole Consumer REITS and the first single water conservancy facility REITs have all landed this year.

Bond fund issuance is cold

The number of fund issuance in the second half of the year is mainly due to the relative due to debt -based issuanceCooling.In the first half of this year, the issuance of bond funds reached 536.132 billion, with a monthly average of 89.355 billion, while the average issuance share of July to October dropped sharply to 37.107 billion yuan, a decrease of nearly 60%.

Since the second half of this year, due to the "stock bond seesaw" effect, a large amount of funds have flowed into the A -share market from solidarity pipeline products, and the debt -based revenue has fallen significantly.Since September 24, the net value growth rate of the interval unit of 1895 debt -based interval is negative (only the initial fund), accounting for more than half of the proportion.Enhanced products such as A and other products fell by more than 2%.

Affected by the decline in yields, the scale of debt bases has rarely fallen.Data show that the scale of debt -based products at the end of September was 1.025 trillion yuan, a decrease of more than 400 billion yuan compared to 10.66 trillion yuan in August, the first scale since March 2023.Guohai Securities believes that the stock market is hot and has a high turnover. Some funds flow from the bond market to the stock market. The institutional configuration of the bond market has weakened and has also caused disturbance in the bond market.

Oriental Securities Research Report believes that from the perspective of capital flow to the perspective, when the valuation of the equity market is gradually rebounded from the low position, the outflow of the bond market has caused the bond market valuation to fall, and the risk is risky.Lowering investors will continue to stay in the bond market, thereby promoting the balance of funds in the stock bond market and reducing frequent flow.Especially in the process, the liquidity has always been loose, and the long -term view of the equity market and the bond market funds may increase.

The proportion of the issuance of stock -type funds has increased significantly.The number of stock funds, the number is equivalent to the whole year of last year, of which 28 issued in October, exceeding the sum of the number of other types of funds.The enthusiasm of Kimins stock funds has risen significantly.