Evaluation On The Growth Ability Of Public Funds In 2020: E-Fund, Huitianfu And Guangfa Are Among The Top Three In Terms Of Growth Rate And Size Base

3.98 trillion!

This is the scale report card of the public fund in the first 11 months of 2020.

Compared with any time in the past, the scale growth of public funds in 2020 is leapfrog.

According to the latest data recently disclosed by the fund industry association, by the end of November 2020, the management scale of public funds in China has reached 18.75 trillion yuan. By the end of December 2019, the figure was 14.77 trillion.

The peak of the industry is not everyone's outlet.

Who is the most powerful fund company in 2020 to achieve rapid growth in scale?

According to the latest data as of December 24, the 21st Century Institute of capital found that, according to the latest data as of December 24, the non monetary fund management scale of 20 fund companies has increased by more than 50 billion yuan, of which 10 fund companies have increased their non monetary fund management scale by more than 100 billion yuan; by comparison, the non monetary fund management scale of 43 fund companies has increased below 5 billion yuan, including There are also 15 fund companies that have shrunk in size.

"The development of public funds to achieve explosive growth this year, the most important is the market explosion brought about by the improvement of the investment and research ability of the whole industry. This year's market situation also fully demonstrates that the future development potential of the public offering industry is huge, and the whole industry has ushered in opportunities. " A public fund executive in South China told the 21st century economic reporter.

Ranking of public offering growth

According to the data of the 21st Century Institute of capital research, the growth scale of non monetary funds of 140 public offering managers has reached 4.02 trillion since December 24 this year.

There are 10 companies with a growth scale of more than 100 billion non monetary funds, including e fund, huitianfu fund, Guangfa fund, Penghua Fund, Fuguo fund, China Southern Fund, China Europe Fund, Huaxia Fund, China Merchants Fund and Schroeder fund of BOCOM.

Among them, the growth scale of e fund's non monetary funds has exceeded 300 billion yuan, which is 302.856 billion yuan, which is 42.3 billion yuan more than huitianfu fund, which is 2.54 times of that of Bank of communications Schroeder fund, which ranks the tenth.

In addition to e fund, the growth scale of non monetary funds of huitianfu fund and Guangfa fund, which ranked second and third, exceeded 200 billion yuan, accounting for 260.52 billion yuan and 218.371 billion yuan respectively.

Penghua Fund, Wells Fargo fund, China Southern Fund, China Europe Fund, Huaxia Fund, China Merchants Fund and Bank of communications Schroeder Fund ranked fourth to tenth. The growth scale of non monetary funds as of December 24 this year was 161.157 billion yuan, 157.821 billion yuan, 156.8774 billion yuan, 151.666 billion yuan, 138793 billion yuan, 122.642 billion yuan and 119.181 billion yuan, respectively.

It can be found that the minimum gap between the growth scale of non monetary funds of several fund companies in the intensive stage is only 1 billion yuan.

Industry feedback shows that competition among major fund companies is accelerating towards the end of the year.

There are 10 fund companies with non monetary fund growth between 50 billion and 100 billion, including Hua'an fund, Yinhua Fund, ICBC Credit Suisse fund, Jingshun Great Wall Fund, Harvest Fund, Cathay fund, Xingzheng Global Fund, Tianhong fund, Boshi fund and Hongde fund.

There are 59 fund companies with the growth scale of non monetary funds ranging from 10 billion to 50 billion, including 32 fund companies between 20 billion and 50 billion.

On average, the average growth scale of non monetary funds of 140 statistical public offering managers since this year is 28.735 billion yuan. There are 37 companies that have exceeded the average value; there are 28 companies whose scale has increased below 5 billion, and 15 companies have shrunk.

Among these 15 fund companies, there are three fund companies with a scale reduction of more than 1 billion yuan, of which Chang'an fund has the largest reduction, with a reduction of 8.945 billion yuan; followed by PICC assets and Nanhua fund, the scale reduction is 6.332 billion yuan and 1.458 billion yuan respectively.

By the end of November 2020, the management scale of public funds in China has reached 18.75 trillion yuan. -Photo by Gan Jun

Who is driving scale growth

The aforementioned public funds believe that investment research capability provides the most basic support for the outbreak of scale.

"Those star fund managers with good performance will become the most powerful market signboard in 2020." A Beijing public fund source said.

According to the data, since this year, there are 40 public funds with more than 10 billion shares issued, of which huitianfu fund and e fund have the most 10 billion funds, 10 and 6 respectively.

These two fund companies are also the top two companies in the growth of non monetary fund scale this year.

From the perspective of the fund managers who manage these 10 billion funds, including Zhang Qinghua and Xiao Nan of e fund, Hu Xinwei and Lao jienan of huitianfu fund are all fund managers with outstanding performance in recent years.

In addition to the new development fund, the increase in the size of the old performance fund is also very obvious.

Take the general equity funds as an example. Since this year, there are five funds, namely, harvest emerging industry, GF healthcare, Cinda Aoyin new energy industry, ICBC Credit Suisse sports industry, and GF high-end manufacturing. As of the end of the third quarter, the scale of funds has increased by more than 7 billion yuan.

For example, Guangfa's high-end manufacturing has achieved a return of more than 125% as of December 23 this year. At the beginning of this year, the scale of the fund was only 50 million yuan. By the end of the third quarter, the scale of the fund had increased to 7.122 billion yuan.

In fact, as the winner of "Triple Crown" of active equity fund in 2019, the scale effect brought by outstanding performance has been fully fed back in 2020. This means that there have been many doubling funds this year, and the scale miracle may continue in 2021.

According to the law of this year's industry, with the performance, fund managers will achieve scale growth both in new and old funds. For example, Guikai, the growth fund manager promoted by Harvest Fund this year, has managed a growth of about 11.7 billion yuan in the third quarter of this year, and the core growth of its newly issued harvest this year has also reached 14.837 billion shares.

Take e fund, which has increased by more than 300 billion yuan in the scale of non monetary funds this year, as an example. According to the data of the 21st Century Institute of capital, the scale of new funds of e fund has reached 184.4 billion yuan since this year, and the rest comes from the changes in the size of old funds.

If we do not consider the subsequent changes in the size of the new fund, the increase in size from the new fund accounts for about 61%.

There are still differences in growth power and scale

It is worth noting that although many fund companies are over 100 billion in scale, their growth in 2020 is weak.

According to the data collected by the 21st Century Capital Research Institute, among the public funds with the scale of non monetary funds exceeding 100 billion yuan in 2019, there are many fund companies, such as Dongzheng asset management, Bank of China fund, Agricultural Bank of China Huili fund, whose scale growth has not exceeded 50 billion yuan, which has been reversed by some fund companies with a scale less than 100 billion yuan.

According to the data, the scale of non monetary funds of BOC funds at the end of 2019 was 252.85 billion yuan, while the growth of non monetary funds as of December 24 this year was 30.528 billion yuan, lagging behind other companies in the first echelon with a scale of 200 billion yuan.

In contrast, the scale of non monetary funds managed by Tianhong fund and Hongde fund at the end of 2019 is less than 100 billion yuan, but the scale of non monetary funds has increased by more than 50 billion yuan in 2020.

According to the data, Tianhong fund has issued 30 new products as of December 24 this year, and the current share of consolidated issuance is 29.758 billion.

E fund fund ranks first in terms of scale and growth power. The scale of e fund's non monetary fund at the end of 2019 is 385.636 billion yuan, and the scale growth so far this year is 302.856 billion yuan.

Some companies with weak growth power have not issued many new funds this year.

For example, as of December 24 this year, the Agricultural Bank of China Huili fund has issued 7 funds, with a statistical share of 6.205 billion.

However, judging from the current data, the top three funds in the public offering active equity funds this year have been taken over by the funds under the Agricultural Bank of China (ABC) Huili fund, which are respectively ABC Huili industry 3.0, the new energy theme of ABC Huili, and the fund manager Zhao Yi.

The returns of the three funds as of December 23 this year were 156.98%, 155.2% and 146.17% respectively.

Referring to the "grand occasion" when Liu Gesong of Guangfa fund won the championship last year, it remains to be seen whether ABC Huili can perform a miracle of scale in the coming year.

As for some fund companies that have shrunk in the "big year" of public offering, poor performance and even fund stepping on thunder are important reasons hindering the development of the company.

For example, PICC assets, bond funds stepped on thunder, and then the fund manager adjusted, the fund also went to liquidation.