The year-end ranking of fund trustee scale, which highlights the strength of public equity institutions, is newly released.
According to wind’s statistics on the latest fund 4 quarterly reports (as of 3 p.m. on January 22), the top ten institutions in terms of public offering non-stock management scale at the end of last year were: E Fund, China Asset Management, Guangfa Fund, China Merchants Fund , Wells Fargo Fund, Harvest Fund, Boshi Fund, Southern Asset Management, China Universal Fund, and Penghua Fund.
Since the overall net value of products is in a period of adjustment, the changes of each fund company this quarter are mainly in the details. The net value performance of key products, the development of new business lines, etc. determine the "subtle" ranking changes.
In the past quarter, although the overall A-share market was still adjusting, the number of non-stock public institutions with a scale of over 100 billion yuan increased from the previous 42 to 45. This highlights the industry’s core capabilities of “turning the edge inward” and “looking for potential.”
The top ten belong to the "competition within the list"
The top ten rankings of public fund institutions are the core investment forces in the industry.
According to wind statistics, the first to tenth places are: E Fund, China Asset Management, GF Fund, China Merchants Fund, Wells Fargo Fund, Harvest Fund, Boshi Fund, Southern Fund, China Universal Fund, and Penghua Fund.
Among them, E Fund's non-stock scale is still "far ahead", ranking first in the industry.. However, at the end of last year, the institution's total trustee size fell below the trillion mark due to market conditions, demonstrating the challenges faced by the entire industry.
China Asset Management, which ranked second, continued to widen the gap with third place . China Asset Management relied on the development of "strength" index funds to offset the market impact to a certain extent in the fourth quarter, and finally further opened up the gap with the third place at the end of last year. the latter gap.
In addition, in the last quarter of last year, the rankings between China Merchants Fund and Wells Fargo Fund also changed. This kind of ranking swap also occurred in Boshi Fund and Southern Fund.
"Fierce competition" among the top 20
Compared with the top ten, which has a stable pattern, the rankings of the top 20 (11th - 20th) have changed significantly, and the competition is quite fierce.
Specifically, the order is: ICBC Credit Suisse, Invesco Great Wall, Huaan Fund, Cathay Fund, Tianhong Fund, Bank of Communications Schroder Fund, BOC Fund, Huatai-PineBridge Fund, China Europe Fund, Xingquan Fund.
Among them, relying on the flagship index product CSI 300 Index ETF, Huatai-PineBridge has achieved a significant increase in seats. The scale of this public offering increased slightly from 241.724 billion yuan at the end of the second quarter to 284.937 billion yuan at the end of the fourth quarter.
In addition, due to the market decline, only 5 of the top 20 institutions (11th to 20th) are left with a public offering scale of more than 300 billion yuan.
There are many changes in the "waist mechanism"
The public offering located in the "middle waist area" also has details worthy of attention.
According to the ranking of the 21st to 30th public fund-raising institutions, they are: Yongying Fund, Ping An Fund, Yinhua Fund, CCBIT Fund, Industrial Fund, Dacheng Fund, Orient Securities Asset Management, Vanguard Fund, Shanghai Pudong AXA Fund, China Invest in UBS funds.
Among them, SDIC UBS Fund, which has entered the top 30 due to the successful fundraising of two new products, is particularly eye-catching. Not only does the fund's stock size have a relatively small drawdown, but the two new funds are also particularly powerful, which has promoted the relative rise of the fund's ranking.
Among the 31st to 40th place, China Life Insurance, Huabao Fund, Great Wall Fund, Bank of China International, China Canada Fund, China Minsheng Bank, Huashang Fund, Bank of China Fund, ABC-CA Fund, Guolian Fund , ranked in order. A comparison of
found that Essence Fund fell out of this camp. Previously, it was ranked 39th, but now it has dropped to 41st.
However, ABC-CA has grown in size against the trend, filling the "vacancy" of Essence Fund.
On the whole, the "waist group" is where the competition among public funds is most stimulating. Either it has a very strong ability to adjust, it has very outstanding performance, or it has outstanding shareholder strength.
Attached is the picture below: The scale of public offering of non-goods products at the end of the fourth quarter of 2023
