公募抄底自家产品！自购数据曝光“买基高手”

Core Viewpoint - The article discusses the trend of public funds in China engaging in self-purchase of their equity products during market downturns, highlighting the potential benefits for investor confidence and market recovery [1][2][4]. Group 1: Self-Purchase Behavior - Multiple public funds, including Jianxin Fund and Fangzheng Fubang Fund, announced self-purchases of their equity products as the Shanghai and Shenzhen indices reached low points in April [1]. - Self-purchase actions are believed to boost investor confidence and prevent panic selling during volatile market conditions [2][5]. - A significant number of public funds have accelerated their self-purchase activities following market declines, with total self-purchase amounts nearing 500 million yuan after a sharp market drop on April 7 [4]. Group 2: Specific Fund Actions - On May 16, Xinhua Fund announced a self-purchase of 10 million yuan in its Xinhua Active Value A shares, with previous purchases totaling approximately 10.52 million yuan in April [4]. - Jianxin Fund revealed plans to invest at least 180 million yuan in its equity public products, indicating a total self-purchase scale of no less than 353 million yuan [4]. - Other funds, such as Fuguo Fund and Huaxia Fund, also committed significant amounts to self-purchases, demonstrating a collective trend among fund managers to invest in their products [5]. Group 3: Market Dynamics and Fund Types - Despite the focus on equity fund self-purchases, the majority of self-purchases are still concentrated in fixed-income products like money market and bond funds [7]. - Data shows that 114 public fund companies announced a total of 2,747 self-purchase actions this year, with net purchases in money market funds accounting for approximately 96% of the total, amounting to 103.6 billion yuan [8]. - The preference for money market funds reflects a strategy to balance risk exposure amid increased market volatility, aligning with regulatory expectations for market stability [8]. Group 4: Reasons for Self-Purchase - Industry insiders identify three main reasons for fund companies to engage in self-purchases: to demonstrate alignment with investor interests during fund launches, to prevent fund liquidation, and to capitalize on perceived market entry points [9]. - For instance, Xinhua Fund's self-purchase actions were aimed at stabilizing a fund that was at risk of falling below the liquidation threshold [9]. - Fund companies are increasingly focusing on long-term development rather than short-term performance, which enhances the stability and sustainability of fund returns [8][9].