跌幅18% 牛大丑

The fund is on the first half of the public offering fund with a loss of 232 billion 700 million yuan – channel A in the first half of the A-share listed companies after the disclosure, as of August 31st, the domestic public fund in the first half of the performance also surfaced. "China Times" reporter according to Wind information statistics, in the first half of the public fund industry scale has reached 7 trillion and 950 billion yuan. On the one hand, the scale of assets continues to expand, on the other hand, the A shares in the doldrums also make the public fund loss serious, a total loss of 232 billion 700 million yuan. Among them, the stock funds and hybrid funds lost 110 billion 100 million yuan and 187 billion 200 million yuan respectively; the monetary fund and the bond fund earned net profit of 58 billion 900 million yuan and 7 billion 200 million yuan on the basis of stable risk-free income, which reduced the overall loss scale of the fund products. "Compared with the outstanding results of last year’s bull market, this year’s performance of public fund semi annual performance is generally, partial stock fund loss is larger. Throughout the first half of the stock market, the Shanghai Composite Index fell from 3539.18 points to 2929.61 points, down 17%; gem index fell from 2714.05 points to 2227.79 points, down 18%. Partial stock funds overall is very difficult to get rid of the market depends on the weather. "In September 1st, a public fund manager in Shanghai said frankly when interviewed. "China Times" combed the public fund industry for the first 6 months of performance, found that equity funds and fixed income fund performance presents "ice and snow". Among them, hybrid funds and equity funds total loss of 287 billion 300 million yuan, monetary fund and bond funds in the first half profit increased by 66 billion 100 million yuan, QDII fund in the first half of the year also achieved more than 500 million yuan profit. In addition, the closed-end fund losses 3 billion 36 million yuan, the end of the fund for the distribution of net income of -2.36 billion yuan. "Bull market partial stock fund income is high, bear market solid income fund is more stable, this is a seesaw effect.". From the highest net income in the first half of the year was taken away by Celestica fund, in fact, it can be seen that Celestica fund nearly 10 billion net income is derived from its debt, monetary fund contribution, and Celestica fund itself equity products accounted for very small. From the net profit margin index, the public fund still belongs to profitability attractive industry, 37 fund companies in the first half of the average net profit rate of 25%, Xin Yuan fund and Societe Generale global (340006, fund) fund net interest rate is the highest, respectively, 49.5% and 45.63%." In September 2nd, Haitong Securities (600837, shares) fund industry analysts pointed out when interviewed. The reporter also learned that the first half of this year, Celestica balance treasure currency, Chinese cash B, ICBC currency, GF currency B, CCB cash, Warburg Tim Lee A, silver currency (163802, fund) B, South fangzeng Li B, A E, the Chinese cash Xingquan Tim liberty to occupy half year profits of the top 10 rankings, all money funds, the balance of treasure Celestica monetary profit to 9 billion 345 million yuan to occupy the first place. In the first half of this year, the withdrawal of funds from the new strategy hybrid funds, the massive influx of bond funds, bond funds holding ratio was 73.87%, an increase of 15.35 percentage points compared.

基金难改“靠天吃饭” 上半年公募亏损2327亿元-基金频道  随着上半年A股上市公司业绩披露完毕,截至8月31日,国内公募基金上半年的业绩也浮出水面。《华夏时报》记者根据Wind资讯统计,上半年公募基金业规模已达7.95万亿元。一方面资产规模继续扩容,另一方面A股低迷的行情也让公募基金亏损严重,共计亏损2327亿元。其中股票型基金和混合型基金分别亏损1101亿元和1872亿元;货币基金和债券基金则依靠稳定无风险的收益获得净利润589亿元和72亿元,降低了基金产品整体亏损规模。   “和去年牛市带来的优异成绩相比,今年公募基金半年报业绩表现一般,偏股基金亏损较大。纵观上半年股市,上证指数从3539.18点跌至2929.61点,跌幅17%;创业板指数则从2714.05点跌至2227.79点,跌幅18%。偏股型基金整体很难摆脱靠天吃饭的行情。“9月1日,上海一位公募基金经理受访时坦言。   冰火两重天   《华夏时报》梳理公募基金业前6个月业绩发现,权益类基金和固定收益类基金业绩呈现冰火两重天。其中混合型基金和股票型基金合计亏损2873亿元,货币基金和债券基金上半年利润共增加661亿元,QDII基金上半年也实现逾5亿元盈利。此外,封闭式基金亏损30.36亿元,期末基金可供分配净收益为-2.36亿元。   “牛市偏股型基金收益高,熊市固收类基金更稳健,这是一种跷跷板效应。从上半年净收益最高被天弘基金夺去其实就能看出,天弘基金近百亿的净收益都是来自于其债权、货币类基金的贡献,而天弘基金本身权益类产品占比就很小。从净利润率指标看,公募基金依然属于盈利能力诱人的行业,37家基金公司上半年平均净利润率达25%,鑫元基金和兴业全球(340006,基金吧)基金净利率最高,分别达49.5%和45.63%。”9月2日,海通证券(600837,股吧)基金业分析师受访时指出。   而记者也了解到,今年上半年,天弘余额宝货币、华夏现金B、工银货币、广发货币B、建信现金添利、华宝添益A、中银货币(163802,基金吧)B、南方增利B、华夏现金A E、兴全添利宝占据上半年利润排行榜的前10名,均为货币型基金,其中天弘余额宝货币以93.45亿元的利润占据首位。另外今年上半年,机构资金从打新策略混合型基金中撤出,大举涌入债券型基金,持有债券型基金比例为73.87%,同比上升15.35个百分点;相比之下,混合型基金持有比例大幅下滑24.40个百分点,这也显示出,基金公司上半年就一直看淡目前持续震荡的A股走势。   “上半年基金利润水平的分化,除了股票市场、债券市场行情波动等因素之外,也有互联网金融泡沫被挤压、避险情绪增加等因素,因此公募基金中的固定收益类品种重新受到青睐。此外,基金销售摆脱传统银行渠道以来,呈现电商化、直销化趋势,也是基金业绩和规模变化的重要因素。”金牛理财网研究员何法杰表示。   正是由于固收类基金受热捧以及权益基金大幅亏损,也使得公募基金机构出现规模暴涨暴跌的奇特现象。   根据Wind数据显示,截至6月30日,包括东兴证券基金、金元顺安基金、圆信永丰基金、方正富邦基金、北信瑞丰基金在内的5家公司旗下公募规模相较年初出现倍增。其中,东兴证券旗下公募规模由年初的4.8亿元增长至45.24亿元,增长幅度达到842.5%;金元顺安基金旗下公募规模由年初的13.91亿元增长至117.28亿元,增长743.13%。   但是,与上述5家基金公司截然不同的是,7家公司旗下公募的规模被狠狠“腰斩”,包括中金基金、华融证券、长安基金、光大保德信基金、新沃基金、华宸未来基金、银河基金等。其中,中金基金旗下公募规模由年初的51.43亿元递减至13.53亿元,缩水73.69%;华融证券旗下公募规模由年初的17.14亿元递减至5.2亿元,缩水69.66%。缩水规模令人咂舌。   基金也调仓   经历了一轮牛熊转换之后,国内公募基金业也出现了新的变化,这种变化在上半年的基金半年报中尤为明显。过去以低门槛、散户多和零售为主要特点的公募基金,正在被越来越多的金融机构持有。   “在基金半年报中,机构占比小幅下降至52.3%,但仍达50%以上,债券基金机构占比最高,混合基金下滑明显,公募基金的机构投资者占比从2007年开始逐渐上升,于2015年超过50%,取代散户成为公募基金的主要持有者,达到55.7%。其中,债券型基金、另类投资基金和货币市场型基金份额中机构均超过一半。” 凯石金融产品研究中心高级分析师桑柳玉指出。   在桑柳玉看来,债券基金和货币基金由于收益稳定长期深受机构喜爱,上半年债市相对股市表现出色,机构大举增持债券型基金,使债券型基金的机构占比进一步上升,达到75.6%的历史最高点。   记者了解到,与2015年底相比,有49家基金公司机构占比上升,另有多家基金公司机构占比出现跃升,其中金元顺安基金和圆信永丰基金表现较强劲,2家公司机构占比分别提升了68.30%和61.27%。   值得一提的是,上半年机构大幅减持了混合型基金,机构占比从47.7%下滑到37.3%,下降10.4%。从基金公司角度看,各家基金公司旗下基金机构总体占比分化较明显,其中有3家公司机构占比在99%以上,分别为嘉合基金、新沃基金和华福基金。在107家基金公司中共有746家基金管理人旗下基金机构整体占比超过50%,其中39家管理人机构份额占比超过70%,15家机构占比超过90%。相关的主题文章: