Recently, several money market funds connected to Yu'ebao have successively released semi-annual reports. On August 31, the semi-annual report released by Celestial Fund showed that as of June 30, the latest scale of Celestial's Yu'ebao, which had been actively reducing its scale, was 780.8 billion yuan, a decrease of 19% from the first quarter. The number of holding households increased by 21.94 million. The scale of Tianhong's non-monetary funds has now exceeded 200 billion yuan, a year-on-year increase of 166.48%.
According to industry insiders, this shows that in the volatile stock market and equity funds, the small and decentralized characteristics of Yu'e Bao have become more obvious, and the overall liquidity and stability have been further strengthened.
Yu'ebao has been open to the fund industry since May 2018, and has now successively accessed 29 currency funds. In order to make Yu'e Bao more stable overall, Yu'e Bao has been actively reducing the scale of Tianhong's Yu'e Bao in the past two years, leading more user needs to China Europe Fund, China Fund and other more than 20 funds company.
Some people in the fund industry believe that the hot market for equity funds since 2020 has also diverted some money fund customers, and many fund companies have also put more energy on the development and promotion of equity funds. At present, the scale of Tianhong Fund's non-monetary funds has exceeded 200 billion yuan, compared with the increase of 166.48% in the scale of non-monetary funds at the end of 2019, which is as high as 556% compared with the increase at the end of 2018.
Specific to individual investors, according to the data released by Yu'ebao, as of June 30, the amount of money saved in Yu'ebao in 1995 increased by 38% compared with the same period last year, compared with 4.6% for other groups. In other words, the year-on-year growth rate of the amount of money saved through Yu'e Bao after 1995 is 8 times that of other groups.
Tianhong Fund was established on November 8, 2004. The current registered capital is 514.3 million yuan. As of the end of the second quarter of 2021, the fund management scale is 1,157,243 million yuan, and the non-monetary management scale is 19,227 million yuan. In the first half of 2021, Tianhong Fund achieved operating income of 3.617 billion yuan and net profit of 1.021 billion yuan. As of June 30, 2021,Tianhong Fund’s total assets are 14.549 billion yuan and net assets are 12.385 billion yuan. Junzheng Group holds 15.60% of its shares, and Ant Group holds 51.0% of its shares.
Picture source: Tianhong Fund
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