Rebirth of the Investment Era.

Chapter 601 The bull market came earlier than expected ()!
It's hard for him to imagine how the other party can achieve such performance when the fund products under his control are already over billion.

Compare the performance of several main fund products of the 'Yuhang Department'.

The entire market, including all fund products including public funds and private funds, have really become invisible products.

"Manager Fang, this round of 'Yuhang Investment' plans to issue a 300 billion-scale 'Yuhang No. 4' fund product..." Mou Zhengxing paused, then asked, "What do you think?"

"What do you think?" Fang Xinsheng didn't answer directly, but asked rhetorically.

Mou Zhengxing thought for a while, and said: "The reason why the 'Yuhang Series' fund products are so popular among market investors, and the off-market share transfer can command such a large premium, is so popular, mainly because of its outstanding performance and profitability. Net worth growth is basically the only one in the market.

However, we all know it.

The difficulty of increasing the net profit of fund products is inversely proportional to the size of the fund products.

The smaller the asset size of fund products, the easier it is to maneuver in the market, the greater the operating space, and the natural increase in net profit and net worth, the less difficult it is.

In fact, this can also be seen from the performance of the net profit and net value of several main fund products of the "Yuhang Series".

For example, after the establishment of the 'Yuhang No. 1' fund, in the first closed year, the net profit can easily increase by ten times, while the subsequent two main funds of 'Yuhang No. 2' and 'Yuhang No. 3', It is impossible to show this growth rate of net profit and net worth, which can be seen in general.

Also, the liquidity of the market is limited.

Fund products with too large a volume will be a huge problem when the market liquidity is slightly sluggish.

Now, when the 'Yuhang Investment' company is issuing new fund products, it plans to raise funds at a terrifying amount of 300 billion.

I'm thinking……

Does this explain, the President Su of the 'Yuhang Department'?

Do you think the liquidity of the market, as well as the continuity of the market, will continue to be hot?Or should he still be very optimistic about the development of the market outlook?
However, I estimate that the 'Yuhang No. 4' fund product will be completed after the fundraising is completed.

The target and direction of the planned positions for subsequent entry into the market should no longer be the main lines of investment in the two major markets of 'infrastructure' and 'military industry'.

After all, these two main lines, after our analysis just now.

Obviously, it no longer has the cost-effectiveness of investment, and the main fund of the "Yuhang Department" is very good at creating the mainline investment market and instigating the market's investment sentiment, so there is a high probability that this main fund will not be in the relative At this high position, we will continue to increase the two main lines of "infrastructure" and "military industry" to support the major institutions and various main funds already present. "

After listening to Mou Zhengxing's analysis, Fang Xinsheng pondered for a moment, and responded: "What you said has some truth. Indeed, the difficulty of increasing the net profit of a fund is inversely proportional to the size of the fund's assets. It is really intriguing to issue a 300 billion fund product at this time, the main market capital of the 'Yuhang Department'.

Regardless of the analysis.

Mr. Su of the 'Yuhang Department' should be very optimistic about the future market development, otherwise he would not have raised funds for such a large-scale product.

After all, judging from the organization's previous operating model and style.

This institution is not like a public fund institution, and its purpose is to make products scale.

Since the other party has set a fund product operation model in which the net profit reaches a certain level and extracts excess profits, it must be aimed at increasing the net profit.

But 300 billion fund products...

Fund products of this volume level, if there are certain problems in the overall market conditions.

That is to say, if the market really just rebounded instead of reversed, and then fell back to the market situation in the first half of this year, these 300 billion-scale fund products basically cannot do anything obvious on the market. This... is obviously not like the trading style of the 'Yu Hang Department', Mr. Su.

In other words, at this time, Mr. Su is trying his best to issue such a large-scale fund product.

It must be because the overall market situation will continue to deepen, and there is still a lot of room for the Shanghai Index to rise. The company issues such a fund product, and in the case of sufficient market liquidity, it can also improve the performance of the new fund product. Make the decision now.

Of course, it is not only the main institution of the 'Yuhang Department' that is promoting such a large amount of fund products.

At present, we are in the domestic asset management industry.

Leading asset management institutions in the industry, such as E Fund, Huanuo Fund, Huayin Asset Management, Huarui Asset Management, etc., are also preparing to issue major fund products.

This should be a very important signal for the current market.

After all, from a macro level analysis, no matter how well the fund products issued by these institutional groups can do in the future, at least at the current time point, the issuance of these fund products can bring huge off-market growth to the market. amount of funds.

It is preliminarily expected that these fund products, at least in the short to medium term, can bring at least 1000 billion incremental funds to the market.

Coupled with the induction of the market's own money-making effect.

Incremental funds from new retail investors who have recently followed suit, as well as incremental funds from many low-holding institutions continue to increase their positions.

There are also leveraged funds for financing and financing that have continued to increase in the market, as well as other wealth management funds that have poured in from outside the market.

On the whole, when the overall market expectations have changed, market investment sentiment and investment confidence have also fully recovered, and they have entered a positive stage again.

As the market develops in the future, short-term and medium-term incremental funds can still be expected and will continue to flow.

And as long as the market has sufficient and definite expectations in terms of incremental funds, then... with the continuous surge of incremental funds, the market will not be bad. "

"Hmm!" Mou Zhengxing laughed after listening to Fang Xinsheng's analysis, and said, "Looking at it this way, it seems that the market's 'bull market' is clearly expected!"

Fang Xinsheng responded: "The logical foundations of the 'bull market' are indeed becoming more and more mature now."

"Since the logical foundations of the 'bull market' are becoming more and more mature, should we...should we take action?" Liu Xin, the general manager of the 'Xinniu Fund' company, has walked into the After entering the trading room and hearing the conversation between the two, he laughed and said, "I am going to issue another main fund product, what do you guys think?"

"At this time?" Mou Zhengxing subconsciously said, "Mr. Liu, at this time, with the release window of the 'Yuhang No. 4' fund, if we issue new fund products, it will not be very good, right? There are many high-net-worth clients in the market. The crowd has been attracted by the release of the product 'Yuhang No. 4' fund, and we are releasing new products at this time...should not attract many customers."

"Not necessarily." Liu Xin said with a chuckle, "The performance of our 'Manniu No. 1' fund product is not bad. In the city of Shenzhen, and even in the entire Pearl River Delta region, there are still many investment clients who trust our fund products. of."

Fang Xinsheng heard Liu Xin's words, pondered for a while, and said, "I agree with what Mr. Liu said, there is actually no problem in issuing new fund products at this time.

First of all, the issuance of the 'Yuhang No. 4' fund will siphon off many high-net-worth client investment groups outside the market.

This is for sure.

However, the "Yuhang System" cannot take over the entire OTC fund investment market, especially in our Pearl River Delta region. The influence of the "Yuhang System" on the OTC fund investment market is not as great as we imagined.

Speaking of which, the real opponents we are facing are private equity institutions similar to us in the entire Pearl River Delta region.

As for these private equity institutions, at present, the main fund products they operate are still far behind the performance of our 'Manniu No. 1' fund products.

at this time……

In the over-the-counter investment market, major institutional groups have already started to act one after another. At the same time, the over-the-counter market has also begun to set off a wave of fund investment boom.

If we don't take the opportunity to issue new fund products, we will eat the corresponding ones and trust our high-net-worth customer base.

At the same time, if we increase the scale of our fund management.

Then, this part of the customer group will be won over by other private equity institutions or public equity institutions that are issuing new fund products in an instant.

There is also the sign of a 'bull market' in the current market, which is getting stronger and stronger.

If we do not issue new fund products at this time and let this window period go.

Once the market continues to accelerate, we have no extra funds in our hands to deploy and operate, which will cause us to miss many opportunities.

Therefore, on the whole, at this time, a new main fund product has been added.

No matter how much money can be raised in the end, it is more beneficial to the current development of our company and the operation strategy of the fund. "

"Haha..." Liu Xin laughed loudly when he heard Fang Xinsheng's words, "It's still Manager Fang who has a good view of the overall situation."

"Mr. Liu is over the award." Fang Xinsheng responded.

Liu Xin continued to smile and said: "Since everyone has no opinion, let's make a decision. After the release of the 'Manniu No. 2' fund, Zheng Xing...you will be the fund manager of this fund product." , I wonder if you have any objections."

Mou Zhengxing did not expect that he would step into the position of fund products at this step. He was a little surprised and surprised, and responded: "Thank you, President Liu, for your trust."

"However, what do you think is the amount of funds we plan to raise for the 'Manniu No. 2' fund product we plan to issue?" Liu Xin thought for a while and then asked, "The proposed fundraising scale is too large. If the fundraising is insufficient, it will damage the image of our institution, but if the planned fundraising scale is too small, it will not be of great significance to our institution's future market layout, and it will appear rather tasteless."

"How much does Mr. Liu want to raise?" Fang Xinsheng asked directly.

Liu Xin paused and responded, "I decided to raise 30 billion to 50 billion yuan, what does Manager Fang think?"

"Almost." Fang Xinsheng responded, "The scale of this volume, under the current market liquidity, can just change the main line of investment market, which is conducive to making net profit and continuing to accumulate the reputation of our company. At the same time, it can also correspond to our company. At present, it has the greatest capacity in terms of customer accumulation.”

"Okay!" Liu Xin said, "Then I will let the fund operation department start preparations."

After finishing speaking, Liu Xin continued to briefly talk with the two about the recent market conditions, then asked some questions about the performance of recent fund products, and left the trading room directly.

And with his departure, at the same moment.

Far away in Zexi Investment Company in Shanghai, the trading room of the main fund.

Looking at the increase in the financing balance of the two cities announced by the market, Zhou Kan couldn't help being surprised, and said: "Boss, the growth rate of the financing balance is too fast, and I feel that the market's incremental funds are getting more and more urgent. "

"Isn't this a good thing?" Xu Xiang laughed and said, "The essence of the market is driven by funds. Now...the incremental funds in the market are starting to accelerate, so the estimated adjustment range of the market will also appear to be increasing. The narrower it is, the time to re-energize the upward breakthrough will not be too far away."

"Well!" Zhou Kan nodded and said, "I do feel that the path of the market's callback and decline has been completely blocked by the rapid entry of incremental funds. There will be an endless stream of funds.”

"This shows that the overall market pattern of the market has completely changed." Xu Xiang said, "That is... the 'bull market' that everyone is looking forward to has probably already arrived!"

"Have you come yet?" Zhou Kan was excited.

Xu Xiang nodded and responded: "As for the K-line pattern of the market, it is natural to observe and observe, but off-market sentiment, confidence, capital, macro policy expectations, macro currency liquidity expectations...etc. , its expected direction is already a comprehensive reversal.”

"Haha, that's great..." Zhou Kan responded, "It's finally time for another magnificent 'bull market' in the market."

"En!" Xu Xiang responded with a smile, and asked again, "When will the approval of our company's new fund products come down?"

Zhou Kan thought for a while and said, "It should be just a day or two!"

As soon as his words fell, the director of the company's fund operation department knocked on the door of the trading room, walked in, looked at Xu Xiang sitting in front of the fund's main control computer with a smile, and reported: "President Xu, According to the reply letter from the regulator, the approval of our 'Zexi No. 2' fund product has been passed."

"Okay!" Xu Xiang was quite excited when he heard the news, and said with a smile, "Manager Chen, since the approval result of the new fund has come down, let's hurry up and prepare for the issuance of the new fund. The fund is officially launched." The date is set to be the day after tomorrow, we... have to be ahead of the official release of the 'Yuhang No. 4' fund!"

(End of this chapter)