Feb 27, 2021 09:09 AM (GMT+8) · EqualOcean
According to wind statistics, as of February 26, 35 new funds were established in February, a new low since September 2017, with a month on month decrease of 76.82% compared with January and a year-on-year decrease of 63.54% compared with February 2020. The newly established funds issued 130.229 billion shares in February, the lowest since January 2020. In addition, two partial stock hybrid funds and one ETF feeder fund failed to issue, namely, CICC Fengsheng, CICC Fengying and RONGTONG gem ETF feeder. In this regard, some securities analysts explained that since the beginning of this year, the gem index has been weaker than the general trend, and the financing gem ETF is not the mainstream ETF in the market, so the failure of issuance is not unexpected.

This text is a result of machine translation.