Number of New "Billion-Yuan Funds" Surpasses 100 This Year
Capital is accelerating its entry into the market via public funds, with new fund offerings frequently producing blockbuster products. Choice data shows that 380 new funds have been established year-to-date, 102 of which have an issue size exceeding 1 billion yuan, with blockbuster products appearing in equity, "fixed income+", FOFs, and other fields. Among these, the GF Research Selection Mixed Fund with a fund size of 7.221 billion yuan, Maxwealth Ruijian Growth Mixed Fund with a fund size of 5.867 billion yuan, Hwabao Advantageous Industry Mixed Fund with a fund size of 5.777 billion yuan, and GF CSI 500 Index Quant Enhanced Fund with a fund size of 5.605 billion yuan have become representative blockbusters. (Shanghai Securities News)
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