Active equity holding period funds encounter cold public sale strengthen counter-cyclical layout

On September 21st, Jinshi Data reported that the number and scale of newly issued holding period funds have both plummeted under the pullback of the equity market this year. Wind data shows that as of September 21st, the number of newly established active equity holding period funds this year has reached 20, accounting for 2.37% of the new fund issuance; the total amount raised is 5.381 billion yuan, accounting for 0.65% of the new fund issuance, almost falling back to the “development year” of active equity holding period funds in 2019. However, under the counter-cyclical layout of fund managers, some products still have good issuance performance. Wind data shows that as of September 21st, Morgan Stanley’s Enjoy Return 6-month holding has an issuance scale of more than 1.1 billion yuan this year, Boshi’s Stable Harmony 1-year holding and Wanjiawu Cheng’s Return Balance 1-year holding also have issuance scales of 609 million yuan and 453 million yuan respectively.