新基金公司布局产品线，发起式基金诱发创新潮 The new fund company layout product line，Launch type fund induce innovation tide

　　7月份已有42只新基金向证监会递交了新品申请材料，申新数量环比提升40%，创中国证监会开始公示新基金申请情况以来的月度新高 In July, has a new fund to the CSRC and the application materials submitted new products，"The new number annulus comparing increased by 40%，And the China securities regulatory commission began to public new fund application of record high since monthly

　　■本报记者 隋文靖

S SuiWenJing our reporter

　　7月份以来，市场情绪持续低迷，上证综指月中震荡下探5.47%。但丝毫未影响到新基金的申报和设立步伐。

Since July，The market downturn sentiment，The Shanghai composite index dipped 5.47% month concussion。But he didn't affect the application and new fund set up the pace。

　　《证券日报》基金周刊根据WIND资讯整理数据显示，7月份11家基金公司旗下的12只新基金先后成立，数量上虽较少，但募资能量不容小觑。12只新基金平均每只首发募得27.61亿元，仅次于5月最高峰，相较6月份，首募金额环比增长64.05%。

《Securities daily》Fund according to WIND up weekly information data show，July 11 home fund company, a subsidiary of new fund has only 12 was established，Although the number of less，But whip round energy acceptance。12 a new fund average every started just raise 2.761 billion yuan，After may's highest peak，In June, compared with，The first offering 64.05% month-on-month growth amount。

　　需要指出的是，加上7月份12只新基金331.27亿元的首募资金，今年前7个月成立的124只新基金共计募集资金2752.15亿元，与去年全年募资2762.46亿元，仅相差10.31亿元。也就是说，如不出意外，下个月中，基金年内募资金额就已超越去年全年水平。

Need to point out，Plus July 12 new fund 33.127 billion yuan only the first funds raised，This year the first seven months of 124 was a new fund raising funds totaling 275.215 billion yuan，And last year's total of 276.246 billion yuan from balking，Only differ 1.031 billion yuan。That is，If no accident，Next month，Fund years offering funds exceed the level of last year。

　　与此同时，基金月度申报数量再次刷新。截至7月29日，7月份以来已有31家基金公司旗下的42只新基金向证监会递交了新品申请材料，申新数量环比提升40%，不仅创年内申新数量月度最高峰，同时也是自2010年7月起，证监会开始公示新基金申请情况以来的2年时间里，月度新基金申请数量最多的一个月。

At the same time，Fund monthly Numbers to declare the refresh。By July 29,，Since July's fund, with 31 below division of company of new fund to the CSRC only 42 submitted new product application materials，"The new number annulus comparing increased by 40%，Not only and New Year "number monthly's highest peak，Also since July 2010，Securities regulatory commission began to public new fund application of 2 years since，Monthly new funds for the most number of a month。

　12只新品首募环比增64% 12 November and offering new only the first 64%

　　前7月募资与去年全年持平 The first seven months of last year and whip round flat

　　《证券日报》基金周刊根据WIND资讯整理数据显示，刚刚过去的7月份中，11家基金公司旗下的12只新产品与投资者见面，其中，汇添富公司成立2只新品。具体看来，股票型基金3只、债券型基金7只、保本型基金1只以及QDII型基金1只。

《Securities daily》Fund according to WIND up weekly information data show，Just the past seven months，11 home fund company, a subsidiary of 12 new products and only meet investors，Among them，Collect add rich company set up two new products。Specific seems，Stock fund 3 only、A bond fund seven、Guaranteed fund 1 and QDII fund only 1 only。

　　虽然成立新品数量在年内7个月中属较低水平，但首发募资共计331.27亿元，平均每只新基金募得27.61亿元，仅次于5月最高峰，相较6月份，平均每只新基金首募金额上升10.78亿元，环比增长64.05%。

Although the number of new established in the year of seven months to a low level，But starting from balking totaling 33.127 billion yuan，On average every new fund only raised 2.761 billion yuan，After may's highest peak，In June, compared with，On average every new funds collected only first amount 1.078 billion yuan rise，Annulus comparing growth of 64.05%。

　　进一步整理数据显示，加上7月刚刚成立的12只新基金，今年前7个月中，共有57家基金公司旗下的124只新基金先后问世。其中，嘉实和华安2家公司，年内均成立了5只新基金，是最为活跃的基金公司。此外，国泰、博时、易方达等3家公司旗下也均有4只新品问世。

Further consolidation data shows，Plus July just founded 12 new fund only，The first seven months of this year，There were 57 fund company, a subsidiary of only 124 new fund has come out。Among them，Fine fruit and HuaAn 2 companies，Year established only 5 are new fund，Is the most active fund company。In addition，Cathay Pacific、When rich、YiFangDa as 3 companies are also under new 4 only come out。

　　需要指出的是，加上7月份12只新基金331.27亿元的首募资金，今年前7个月成立的124只新基金共计募集资金2752.15亿元，与去年全年募资2762.46亿元，仅相差10.31亿元。换句话说，不出意外的话，今年8月份时，基金年内募资金额就已超越去年全年水平。

Need to point out，Plus July 12 new fund 33.127 billion yuan only the first funds raised，This year the first seven months of 124 was a new fund raising funds totaling 275.215 billion yuan，And last year's total of 276.246 billion yuan from balking，Only differ 1.031 billion yuan。In other words，No accident words，In August this year when，Fund years offering funds exceed the level of last year。

　42只新品递交申请 42 new submitting this application only

　　创2年以来月度新高 And two years since monthly high

　　在新基金首募金额环比大幅提升的同时，基金公司在月中申报新品的热情也飙升至近2年的新高。

In the new funds from the first month-on-month dramatically amount at the same time，Fund company, in the middle of the declaration also the enthusiasm of the new soared to a record high of nearly two years。

　　具体看来，截至7月29日，7月份以来已有31家基金公司旗下的42只新基金向证监会递交了新品申请材料，申新数量环比提升40%，不仅创年内申新数量月度最高峰，同时也是自2010年7月起，证监会开始公示新基金申请情况以来的2年时间里，月度新基金申请数量最多的一个月。

Specific seems，By July 29,，Since July's fund, with 31 below division of company of new fund to the CSRC only 42 submitted new product application materials，"The new number annulus comparing increased by 40%，Not only and New Year "number monthly's highest peak，Also since July 2010，Securities regulatory commission began to public new fund application of 2 years since，Monthly new funds for the most number of a month。

　　其中，华夏基金先后向中国证监会递交了5只指数型发起式基金，此外，中银、长盛、易方达、信诚、金鹰、和华安等6公司，7月也均递交了2只新基金的申请材料。

Among them，Fund of an ancient name for China securities regulatory commission has to submit 5 only exponential launched type fund，In addition，boc、changsheng、YiFangDa、xincheng、jinying、And HuaAn 6 company，July are also submitted two new fund application materials。

　　具体看来，42只7月递交新品申请的基金中，主动管理普通股票型基金2只、指数型基金10只、混合型基金3只、债券型基金19只、QDII型基金1只、保本型基金3只以及货币市场型基金4只。

Specific seems，42 only submit the application for July new funds，Active management common stock fund two、Index fund is only 10、Hybrid funds only 3、A bond fund only 19、QDII fund one、Guaranteed fund 3 only, and currency fund only 4 market-oriented。

　　显而易见，低风险的固定收益类产品依然是基金公司争抢申报的焦点。《证券日报》基金周刊很据中国证监会公示新基金申请核准进度表整理显示，今年前7个月中，已有159只新基金先后向证监会递交了新品申请材料。其中，申报频率最高的是债券型基金和指数型基金，分别有77只和29只，占总数48.43%和18.24%。而传统的主动管理普通股票型基金和混合型基金分别仅有16只和10只，仅占10.06%和6.29%。

obvious，Low risk fixed income kind of product is still fund company for the focus of the declaration。《Securities daily》Fund is according to the China securities regulatory commission weekly public approval of new fund schedule arrangement display，The first seven months of this year，For 159 new funds to the CSRC only has submitted the application materials to the new product。Among them，Declaration of the highest frequency is a bond fund and index fund，There were only 77 and 29 only，48.43% and 18.24%。While the traditional active management common stock fund and mixed funds were only 16 only and 10 only，Only 10.06% and 6.29%。

　　好买基金研究中心首席分析师曾令华接受《证券日报》基金周刊采访时表示，7月份申报基金数量创新高主要有两方面原因，首先，不少新成立不久的基金公司开始布局产品线，陆续申报产品，而随着越来越多的新基金公司成立，一波申报小高潮也随之到来。其次，发起式基金作为一个新类型产品，不少基金公司都布局尝试，在7月申新的名单中，也出现不少发起式基金的身影，这也在一定程度上提高了7月份整体申新数量。

Good buy fund research center chief analysts CengLingHua accept《Securities daily》Fund weekly interviews that，July declaration fund new high number basically has two reasons，first，Many new established near fund company began to layout product line，Declare products in succession，And as more and more new fund company was established，A wave of declaration with small climax coming。second，Launch type fund as a new type products，Many fund companies are trying to layout，In July, "the new list，Also appeared a lot of funds launched the figure，It also promotes, to some degree, in July, the whole "new quantity。

　　对债券型基金的选择，好买基金建议，对于稳健型投资者可以选择高等级信用债占比较高，配置券种久期在3-5年的信用债基金。对于略激进的投资者，鉴于目前大部分可转债离债底较近，下跌时有债底保护，上涨时空间超过普通债券，处于攻守兼备的位置，因此可以考虑选配可转债基金。

On the choice of a bond fund，Good buy fund proposal，For investors can choose high grade dovish model of credit debt is higher，Configuration certificate in duration 3-5 years of credit debt fund。For slightly radical investors，In view of the most convertible bonds from the bottom of the debt is close，When the debt fall protection，Rises more than ordinary bonds space，In the position of proving inconclusive，So can consider matching the convertible bond fund。

新增基金开户数遇冷 New fund accounts encounter cold

　　周均开户环比下降37% Weeks are down 37% month-on-month open an account

　　与7月新基金发行规模及申新提速向反的是，基金新增开户数却在7月遇冷。中国登记结算有限责任公司公示数据显示，目前已公布的7月前3个交易周共计新增基金开户数12.69万户，即平均每周新增4.23万户，周均开户数仅高于今年1月份。环比下降37.05%。

And on July new fund issue size and speed to the new "is，Fund new accounts but in July encounter cold。China registration and settlement limited liability company public figures show，At present already announced before July 3 JiaoYiZhou total of new fund accounts of 126900，That is a week on average added 42300 subscribers，Weeks just above all accounts in January this year。Annulus comparing fell 37.05%。

　　若将镜头拉长可发现，今年以来，虽新基金发行势头劲增，但新增基金开户数情况整体并不乐观。中登公司数据显示，今年前7个月，新增基金开户数共计157.52万户，相比去年同期下降16.28%。

If the lens spin can be found，Since this year，Although the new funds issue momentum strength increase，But new fund accounts situation whole is not optimistic。Put the company in figures show，First seven months of the year，New fund accounts for a total of 1.5752 million users，Compared with the same period last year fell 16.28%。

　　分析人士表示，新增基金开户数可以反映出投资者对股市的情绪，以及对后市的判断，而投资者进行开户的数据往往对其投资热情的体现具有滞后性，往往在市场好的时候，投资者选择随后跟进。7月新增基金开户数下降也能从侧面反映出，投资者对后市的谨慎态度。

Analysts said，New fund accounts can reflect on the mood of the stock market investors，And the judgment of market outlook，And investors for opening an account of its investment data are often the embodiment of the enthusiasm with lag，Too often in the market is good，Investors choose then follow up。July new fund accounts decline can also reflect from the side，Investors in the prudence of market outlook。