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Since 2024, the issuance of new active equity funds has become even more "cold".

Wind data shows that the average fundraising scale of public active equity funds in 2024 was only 277 million yuan, the lowest in recent years! (Data source: Wind, as of 2024/8/21)

In such a cold wave of new issuance, Yongying Fund has firmly made arrangements against the trend and insisted on doing difficult but correct things. Since 2024, it has issued many equity products. Taking the Yongying Rong'an Hybrid Fund, which ended fundraising this week, as an example, the announcement shows that the total fundraising scale is 341 million yuan. It is reported that this product is the largest non-securities active equity fund since August, and it is also the largest active equity fund since the second half of the year for the main distributor Bank of China.

In fact, the equity products of Yongying Fund are attracting more and more attention and favor from investors. Wind data shows that as of the end of the second quarter of this year, Yongying Ruixin, managed by Gao Nan, the chief equity investment officer of Yongying Fund, ranked first in the second quarter scale growth list of equity products in the entire market! This shows the favor of investors.(Data source: Wind, statistics on active equity products with a scale of more than 200 million yuan at the end of the first quarter of this year.)

"It's easy to issue but hard to operate, and it's easy to operate but hard to issue" is the rule of fund industry issuance. Although it is extremely difficult to raise funds when the market is not good, for fund managers, it is more advantageous to build positions. At this time, the market opportunities are often greater than the risks, and there are often opportunities to get excess rewards from the market. In this regard, Gao Nan, the proposed fund manager of Yongying Rong'an, also said, "The A-share market has been adjusted for more than three years, and asset prices have responded relatively fully to the deteriorating economic expectations. At a certain stage, the response of asset prices to fundamentals will be blunted. At this time, the market will no longer kill valuations, but will continue to interpret structural trends. Future investment opportunities may be worth looking forward to."

Note: Funds are risky and investment should be cautious.