It is difficult for him to imagine how the other party can make this kind of performance when the volume of the fund products he is in charge is already more than 10 billion yuan.

Compare the performance of several main fund products of the 'Yuhang system'.

The entire market, including public funds and private funds, has really become a product that has no eyes.

"Manager Fang, this round of 'Yuhang Investment' plans to issue a 30 billion 'Yuhang No. 4' fund product ......" Mu Zhengxing paused, and then asked, "What do you think?" ”

"What do you think?" Fang Xinsheng did not answer directly, but asked rhetorically.

Mu Zhengxing thought for a while and said: "The reason why the 'Yuhang system' fund product is so popular among market investors, and the over-the-counter share transfer can be at such a large premium and so popular, is mainly because of its outstanding performance and net profit growth, which is basically the only existence in the market.

However, we all know that.

The difficulty of net profit growth of fund products is inversely proportional to the size of fund products.

The smaller the asset scale of the fund product, the easier it is to move around in the market, the greater the room for operation, and the less difficult it is for the net natural profit to grow.

In fact, this can also be seen from the net profit performance of several main fund products of the 'Yuhang system'.

For example, after the establishment of the 'Yuhang No. 1' fund, the net profit value can easily increase tenfold in the first closed period year, and the subsequent two 'Yuhang No. 2' and 'Yuhang No. 3' main funds cannot show this kind of net profit growth rate, which can be seen in general.

There is also the liquidity of the market, which is limited.

Fund products that are too large will have a huge problem in and out of the market when the market liquidity is slightly sluggish.

Now, when the 'Yuhang Investment' company issued new fund products, the scale of funds to be raised was set at the terrifying volume of 30 billion.

I'm thinking......

Does this be able to explain that the Su president of the 'Yuhang Department'.

Do you think the liquidity of the market and the continuity of the market will continue to be hot? Or should he still be very firmly optimistic about the development of the market outlook, right?

However, I estimate that the 'Yuhang No. 4' fund product will be completed after the fundraising is completed.

The proposed position building target and position building direction for subsequent market entry should no longer be the main investment direction of the two major markets of 'infrastructure' and 'military industry'.

After all, these two main lines, after our analysis just now.

Obviously, it no longer has the cost performance of investment, and the main capital of the "Yuhang Department" is very good at creating a main line of investment market and inciting market investment sentiment, so this main fund will not be in a relatively high position, and then continue to increase the two main lines of "infrastructure" and "military industry", and carry a sedan chair to the major institutions and various main funds that are already in the field. ”

After listening to Mu Zhengxing's analysis, Fang Xinsheng pondered for a moment and responded: "What you said, there is also a certain truth, indeed, the difficulty of the growth of the net profit value of the fund is obviously inversely proportional to the scale of the fund's assets, and the main capital of the 'Yuhang Department' in the market, at this time, the issuance of a fund product with a scale of 30 billion is indeed very intriguing."

No matter how you analyze it.

Mr. Su of the 'Yuhang Department' should be quite optimistic about the market development in the future, otherwise he would not have raised such a large-scale product.

After all, judging by the operating model and style of this agency in the early stage.

This institution is not like a public fund institution, which is dedicated to the purpose of product scale.

Since the other party has set up a fund product operation model for the withdrawal of excess profits when the net profit reaches a certain level, it must still be for the purpose of increasing the net profit value.

But the 30 billion scale of fund products......

If there is a certain problem with the overall market of fund products of this size.

That is, if the market really just rebounds, rather than reverses, and then falls back to the market situation in the first half of this year, the 30 billion fund products will basically not be able to do anything obvious in the market, and this ...... It is obviously not like the trading style of the 'Yuhang Department', Mr. Su.

In other words, at this time, Mr. Su is trying to issue such a large amount of fund products.

I must think that the overall market will continue to deepen, and there is still a lot of room for Shanghai to issue such fund products, and the company will issue such fund products, and in the case of abundant market liquidity, it can also do the performance of new fund products, so as to make such a decision today.

Of course, it is not only the main institution of the 'Yuhang Department' that is implementing such a large amount of fund products.

At present, we are in the domestic asset management industry.

Such as E Fund, Huanuo Fund, Huayin Asset Management, Huarui Asset Management, etc...... and other leading asset management institutions in the industry are also focusing on preparing for the issuance of major fund products.

This should be a very important signal for the current market.

After all, from a macro level, these groups, no matter how well the future performance of the fund products issued, at least at this point in time, the issuance of these fund products can bring huge over-the-counter incremental funds to the market.

It is initially expected that these fund products, at least in the short and medium term, will be able to bring at least 100 billion incremental funds to the market.

In addition, the market itself is induced by the money-making effect.

Recently, the incremental funds of the new retail investor group have followed the trend, as well as the incremental funds brought by the continuous increase of many low-position institutions.

There is also a continuous increase in the market's leveraged funds, as well as other over-the-counter influx of wealth management funds.

On the whole, the overall expectations of the market have changed, and the market investment sentiment and investment confidence have also fully recovered and re-entered a positive stage.

As the market develops in the future, the incremental funds in the short and medium term can still be expected and will be endless.

And as long as the market has sufficient expectations that can be determined in terms of incremental funds, then ...... Under the continuous surge of incremental funds, the market is not bad. ”

"Hmm!" After listening to Fang Xinsheng's analysis, Mu Zhengxing laughed and said, "If you look at it this way, I feel that the market's 'bull market' is obviously promising!" ”

Fang Xinsheng responded: "The logical basis of the 'bull market' is indeed becoming more and more mature now. ”

"Since the logical basis of the 'bull market' is now becoming more and more mature, we ...... Is it time to do something about it? Liu Xin, the general manager of the 'Xinniu Fund' company, had already walked into the trading room at some point, heard the conversation between the two, and said with a smile, "I am ready to issue another major fund product, what do you think?" ”

"At this time?" Mu Zhengxing subconsciously said, "Mr. Liu, at this time, with the issuance window of the 'Yuhang No. 4' fund, if we issue new fund products, I'm afraid it's not good?" Many high-net-worth customer groups in the market have been attracted by the issuance of the 'Yuhang No. 4' fund, and we are issuing new products at this time...... There shouldn't be many customers to be wooed. ”

"Not necessarily." Liu Xin said with a smile, "The performance of our 'Manniu No. 1' fund products is not bad, and there are still many investment customers who trust our fund products in the city of Shenzhen and even the entire Pearl River Delta region." ”

Fang Xinsheng heard Liu Xin's words, pondered carefully for a while, and said: "I agree with what Mr. Liu said, there is actually no problem in issuing new fund products at this time.

First of all, the issuance of the 'Yuhang No. 4' fund will siphon many high-net-worth customer investment groups outside the market.

That's for sure.

However, the 'Yu Hang system' can not eat the entire over-the-counter investment market, especially in our Pearl River Delta region, the influence of the 'Yu Hang system' on the over-the-counter fund investment market is not as great as we imagined.

Speaking of which, the real opponents we face are private equity firms of the same kind as us in the entire Pearl River Delta region.

At present, the main fund products operated by these private equity institutions are still far from the performance of our 'Manniu No. 1' fund products.

At this time......

In the over-the-counter investment market, major institutional groups have begun to take action, and at the same time, the over-the-counter market has also begun to set off a wave of fund investment boom.

If we don't take the opportunity to launch new fund products, we will eat the corresponding high-net-worth client group that trusts us.

At the same time, we will increase the scale of our fund asset management.

Then, this part of the customer group will be won over by other private equity institutions or public offering institutions that are issuing new fund products in an instant.

There are also signs of a 'bull market' in the current market, which are getting stronger and stronger.

If we don't issue new fund products at this time, we will let go of this window period.

Once the market continues to accelerate, we will not have extra funds in our hands to deploy operations, which will make us miss a lot of opportunities.

Therefore, on the whole, at this time, a new main fund product will be added.

No matter how much money can be raised in the end, it is more favorable for the current development of our company and the operation strategy of the fund. ”

"Haha......" Liu Xin laughed when he heard Fang Xinsheng's words, "It's still Manager Fang's overall view." ”

"Mr. Liu has won the award." Fang Xinsheng responded.

Liu Xin continued to smile and said: "Since everyone has no opinion, then it is decided, after the issuance of the 'Manniu No. 2' fund, Zhengxing...... It's up to you to be the fund manager of this fund product, I don't know if you have any objections. ”

Mu Zhengxing didn't expect that he would step into the position of fund products in this step, and he was both a little surprised and a little surprised, and responded: "Thank you Mr. Liu for your trust." ”

"However, what do you think is the amount of funds to be raised for the 'Manniu No. 2' fund product we plan to issue?" Liu Xin thought for a while and asked, "The proposed fundraising scale is too large, in case the fundraising is insufficient, it will damage the image of our institution, but if the proposed fundraising scale is too small, it will not be of great significance to our institution in the next market layout, and it will be relatively chicken." ”

"How much does Mr. Liu want to raise?" Fang Xinsheng asked directly.

Liu Xin paused and responded: "I decided to raise 3 billion to 5 billion yuan, what does Manager Fang think?" ”

"Almost." Fang Xinsheng responded, "The scale of this volume, under the liquidity of the current market, can just change the main line of investment, which is conducive to making net profits, continuing to accumulate our company's reputation, and at the same time, it can also correspond to our company's current maximum ability in customer accumulation." ”

"Good!" Liu Xin said, "Then I will let the fund operation department start to prepare." ”

After speaking, Liu Xin continued to briefly talk to the two of them about the recent market situation, and then asked some questions about the recent performance of fund products, and left the trading room directly.

And with his departure, at the same moment.

Far away in the magic capital, inside the Zexi Investment Company, the main fund trading room.

Zhou Kan couldn't help but be surprised when he saw the increase in the financing balance of the two cities announced by the market, and said: "Boss, the growth rate of this financing balance is too fast, and I feel that the incremental capital entry of the market is becoming more and more urgent." ”

"Isn't that a good thing?" Xu Shen said with a smile, "The essence of the market is driven by capital, and now it is ...... The incremental funds in the market begin to accelerate, so in terms of market conditions, it is estimated that the adjustment range will become more and more narrow, and the time for a new upward breakthrough will not be too far. ”

"Hmm!" Zhou Kan nodded and said, "I do feel that the path of the market correction and decline has been completely blocked by the incremental funds that entered the market quickly. ”

"This shows that the overall market pattern has completely changed." Xu Shen said, "That is...... Most of the 'bull market' that everyone is looking forward to has already come! ”

"Is it already here?" Zhou Kan was excited.

Xu Shen nodded and responded: "In the K-line pattern of the market disk, it is natural to observe and observe, but the over-the-counter sentiment, confidence, capital side, macro policy expectations, and macro currency liquidity expectations ...... and other factors, its expected direction, has been a comprehensive reversal. ”

"Haha, that's ......good," Zhou Kan responded, "It's finally time for the market to have another magnificent 'bull market'." ”

"Hmm!" Xu Shen responded with a smile and asked, "When will the approval of our company's new fund products come down?" ”

Zhou Kan thought for a while and said, "It should be just one or two days!" ”

As soon as his words fell, the director of the company's fund operation department knocked on the door of the trading room, walked in, looked at Xu Shen sitting in front of the fund's main control computer with a smile, and reported: "Mr. Xu, according to the reply letter from the regulator, the approval of our 'Zexi No. 2' fund product has been passed. ”

"Okay!" When Xu Shen heard the news, he was also quite excited, and instructed with a smile, "Manager Chen, since the approval results of the new fund have come down, let's hurry up and prepare for the issuance of the new fund, the date of the official issuance of the fund is set for the day after tomorrow, we ...... It is necessary to rush ahead of the official issuance of the 'Yuhang No. 4' fund! ”

(End of chapter)