11 "hot" funds launched in one day once again heat up

On March 18th, the fund announcement showed that there are 11 “small blockbuster” funds (including different share classes combined) with a scale exceeding 1 billion yuan established in the entire market, of which active equity funds and FOFs (funds of funds) account for 7, with issuance popularity continuing to rise. As of March 18th, the number of active equity funds raised over 1 billion yuan this year has reached 34, accounting for more than 35% of the total number of similar funds established this year; there are 22 FOFs with a fundraising scale exceeding 1 billion yuan, making up 50% of the total number established this year. The large-scale fundraising has also brought about two changes: first, the effective number of subscribing households for active equity funds has returned to levels around October 2021; second, driven by multiple products selling out in one day, the total scale of FOFs has for the first time surpassed 300 billion yuan. (Securities Times)