Account openings have surged. More product categories are stepping up. Since the beginning of this year, new “10 billion base” launches have exceeded 100 units.

People Finance News, April 7: Funds are speeding up their market entry by borrowing channels through public mutual funds. On the one hand, the number of new fund accounts has surged year over year: in the first quarter, 1.18 million new accounts were opened, up more than 27%. On the other hand, newly issued funds frequently see breakout “hot” products. Since the beginning of this year, more than 100 funds have had offering sizes exceeding 1 billion yuan. Judging from new fund issuance, it shows a pattern of multiple breakout points: equity funds, FOF products, and “fixed-income plus” funds have all produced breakout products. At the same time, the product side continues to roll out new offerings in quick succession; currently, more than 120 funds are either being issued or are about to be issued. (Shanghai Securities News)

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