Public Funds' Self-Purchases Exceed 1 Billion Yuan This Year, Equity Funds Account for Nearly 90%

Author: Zhao Mingchao

Real gold and silver are optimistic about the future market, and public funds are frequently purchasing equity funds. Recently, many fund managers and fund companies announced their own purchases of their funds, pushing the total self-purchase amount for the year over 1 billion yuan.

On March 15, E Fund’s National Petroleum and Natural Gas ETF disclosed its listing and trading announcement, revealing the top ten fund shareholdings. As of March 12, E Fund was the largest holder of this ETF, with holdings worth 34 million yuan.

It’s not only E Fund making purchases; several other fund companies also announced their own purchases of their active equity funds. On March 13, Anxin Fund announced that, based on confidence in the long-term healthy and stable development of China’s capital market, it would invest no less than 8 million yuan, with the proposed fund manager investing at least 2 million yuan, totaling no less than 10 million yuan to subscribe to the Anxin Balanced Zhi Yuan Hybrid Fund, with a commitment to hold for at least one year.

Similarly, Huatai-Pinebridge Consumer New Opportunities Hybrid Fund announced that, according to the effective date of the fund contract on March 11, Huatai-Pinebridge Fund subscribed 10 million yuan to this fund. Xin Yuan Fund announced that on March 4, fund manager Liu Junwen purchased 1 million yuan of Xin Yuan Prosperity Select Hybrid Fund.

Choice data shows that since the beginning of the year, public funds have purchased their own funds totaling 1.007 billion yuan. Among them, Huatai Securities Asset Management and Ruiyuan Fund have each purchased 100 million yuan of their own funds, while China Merchants Fund, E Fund, GF Fund, and others have each purchased over 50 million yuan.

In terms of fund types, equity funds have become the focus of public fund deployment. Statistics show that since the beginning of the year, fund companies have purchased 876 million yuan of equity funds, accounting for nearly 90% of the total self-purchase amount this year.

Industry insiders believe that in the future, the amount of self-purchases by fund managers is expected to continue increasing, with equity funds being the key focus.

In addition to public funds, private funds are also making moves. Recently, He Yuan Fund issued a statement saying that, based on optimistic long-term prospects for China’s capital market and confidence in its own investment management capabilities, it plans to use its own funds of 20 million yuan within three months of the announcement to subscribe to funds managed by the company.

“Institutions purchasing their own equity funds: on one hand, it can align interests with investors and boost investor confidence; on the other hand, it reflects institutions’ optimism about the market outlook and their intention to seize opportunities through fund entry,” a person from a South China-based fund company told reporters.

Looking ahead, many institutions believe that the long-term value of equity assets is becoming apparent, and future investments will focus more on fundamentals. Zhu Rui, fund manager of Penghua Fund, stated that the equity market is currently entering a critical period for fundamental validation. In the technology innovation sector, represented by AI, the industry is shifting from initial trend investment to application implementation and exploring mature business models. Meanwhile, traditional industries are also entering a key investment period. Against the backdrop of inventory cycle bottoming out, supply contraction, and cost disturbances, some industry products are expected to see strong upward price and profit growth.