The launch of the new fund in April can be described as a double battle. The E Fund Consumer Select Fund issued on April 8 was “sold out in one day” and attracted tens of billions of dollars in a single day; however, there were also many new fund announcements to postpone fundraising.

According to Peng Mei reporters, E Fund Consumer Choice Fund has sold 5.5 billion yuan at about 13:00 on April 8th, and reached the set value at about 15:00 The upper limit of 8 billion yuan is raised. In the end, a total of about 10 billion yuan of funds will participate in the day’s subscription. Since this fund has also set the principle of “confirmation of the end of the day”, it is expected that the placement ratio will be around 80%.

Even on the evening of April 8, E Fund reached an announcement that the E Fund consumer selection fund will end its fundraising early and conduct a proportional placement.

Announcement shows that E Fund Consumer Selection has been raised since April 8th. The original deadline for fundraising was April 17th. Now the fundraising deadline is advanced to Subscription applications will no longer be accepted on April 8, ie from April 9. As of April 8, the fund ’s cumulative effective subscription application amount (excluding interest during the fundraising period) has exceeded the upper limit of the fundraising scale of 8 billion yuan. The fund manager will apply the principle of “end-day ratio confirmation” to the effective subscription application on April 8th. Partially confirmed. The confirmation of the final day ratio and the results will be announced separately.


E Fund Fund Announcement

“E Fund Fund ’s industry evaluation is very good, and it is An open starter, this turbulent city is now very advantageous. “A financial manager of the channel side said to the surging news reporters that now this market is selling so much a day is very powerful!

In fact, the warm-up for the sale of E Fund’s Consumer Select Fund started as early as a few days ago. Wealth reporters WeChat friends among several channels of financial managers The fund has been vigorously promoted.

“Long-term good track + short-term low position + seven-year Golden Bull Award winner Xiao Nan, formerlyBuy in time and hold an average return of 47.16% for 2 years. “The marketing words given by a financial manager of a joint stock bank are like this.

Another financial manager of a large state-owned bank refined the advantages of eFonda’s consumer selection For: 6 major rating agencies both at home and abroad have given a “five-star rating”, raised a ceiling of 8 billion yuan, fund managers self-purchased 3 million yuan to demonstrate confidence.

“This The fund ’s proposed fund manager Xiao Nan is currently a fund manager who also manages multiple funds. His overall performance is still good. E Fund ’s consumer stocks won the share-based champion in 2017, but after the market style conversion in 2018, the performance There have also been downturns. “A fund insider pointed out that Xiao Nan is a firm value investor in the A-share market. His holding period is very long. Many heavy stocks have held for many years and the turnover rate is far below the market average. If The holder is also a fan of value investors, so Xiao Nan ’s long-term annual return is still relatively good.

Peng Pai journalists have also interviewed Xiao Nan before, He has a very deep understanding of the business model, and will classify different types of companies from the business model, rather than the sub-sectors on the surface. More importantly, Xiao Nan emphasizes overcognition and must be aware of its heavy positions Overcognition.


Xiao Nan ’s historical return on investment (source: Wind)

With the violent turmoil in the global capital market, the new fund issuance market has gradually cooled in the near future. In April alone, many funds announced an extension of the fundraising period.

April 3, April 7 and April 8, Jiutai Jiuyuan Quantitative Drive, Industrial Financial ETF, Qianhai Open Source Emerging Industries Hybrid, Huaan France CAC40 Trading open index securities investment funds (QDII) have issued announcements to extend the fundraising period. The above four funds have extended the fundraising period by about two weeks.

In addition, there were more than ten new funds in March to announce the delay in the fundraising period, including two science and technology theme funds.

In this regard, a bank source believes that the decline in investors ’enthusiasm for the subscription of newly issued equity funds is mainly affected by the decline in the market ’s profitability, but due to currency funds Yields have also continued to decline. I believe that star fund managers with excellent historical performance in the future issuance market will still be favored by investors.