Core Viewpoint - The article highlights the increasing trend of fund managers in China engaging in self-purchase of their own funds, indicating confidence in the long-term stability and growth of the capital market [3][6]. Group 1: Fund Manager Self-Purchases - Following the May Day holiday, the third fund management company, China Merchants Securities Asset Management Co., announced its plan to use its own funds to subscribe to its equity funds, committing at least 25 million yuan [3]. - As of now, the company has invested over 55 million yuan in its non-monetary securities investment funds, which will exceed 80 million yuan after the new subscriptions [3]. - Other fund managers, including Anxin Fund and Fortune Fund, have also announced self-purchases, with a total of over 600 million yuan in self-purchases reported in April alone [6]. Group 2: Fund Management Company Overview - China Merchants Securities Asset Management Co. was established in April 2015 and is a wholly-owned subsidiary of China Merchants Securities [3]. - As of the end of 2024, the total asset management scale of China Merchants Asset Management is 267.392 billion yuan, including six public collective products and two newly established public funds [4]. Group 3: Market Trends and Statistics - In 2023, fund managers collectively purchased over 6 billion yuan in their funds, with the highest proportion in money market funds (over 30%) and bond funds (over 27%) [6]. - The most significant self-purchases in equity funds were seen in Tianhong Cultural Emerging Industry and ICBC Advantage Navigation Mixed Fund, each with net subscription amounts around 100 million yuan [6].

Group 1 - The core viewpoint of the article highlights the increasing trend of fund managers purchasing their own equity funds, with the latest announcement from China Merchants Securities Asset Management Co., which plans to invest at least 25 million yuan in its equity funds [2][7] - As of now, the company has already invested over 55 million yuan in its non-monetary securities investment funds, and after the new purchase, the total will exceed 80 million yuan [2][8] - The article notes that since April, over ten fund managers, including China Merchants, have announced self-purchases totaling nearly 600 million yuan, indicating a significant increase in self-investment amid market volatility [7][8] Group 2 - China Merchants Securities Asset Management, established in April 2015, is a wholly-owned subsidiary of China Merchants Securities [5] - In July 2023, the company was approved for public fund management qualifications, becoming the first broker asset management firm to receive this approval under the new regulations [6] - By the end of 2024, the total asset management scale of China Merchants Securities Asset Management is projected to reach 267.392 billion yuan, including six public collective products and two newly established public funds [6]