As the A-share market strengthens, public funds have achieved significant gains through private placements this year. Data from Public Fund Ranking Network shows that, based on the listing date of private placements, as of December 17, a total of 39 public fund institutions participated in private placements of 85 A-share companies, with a combined allocation amount of 340.88 billion yuan, a year-on-year increase of 14.24%. Based on the closing price on the same day, the floating gains from these private placements reached 11.224 billion yuan, representing an overall floating profit margin of 32.93%.
Among the 39 public fund institutions involved in A-share private placements this year, 29 were particularly active, with allocation amounts exceeding 1 billion yuan. Of these, 24 institutions secured allocations between 1 billion and 9.99 billion yuan, while five institutions obtained allocations exceeding 10 billion yuan. Nord Fund led the pack, participating in private placements of 80 A-share companies with a total allocation of 10.173 billion yuan, making it the top performer this year. Following closely was Caitong Fund, which participated in 76 A-share private placements with a total allocation of 9.851 billion yuan. E Fund ranked third, with participation in 11 A-share private placements totaling 2.961 billion yuan. Additionally, GF Fund and Xingquan Global Fund each secured allocations exceeding 1 billion yuan.
The profitability of public fund institutions in private placements has been remarkable this year. Among the 39 institutions involved, 37 achieved floating gains, accounting for 94.87%. Specifically, 19 institutions recorded floating gains below 20%, 12 had gains between 20% and 49.99%, and six institutions saw gains exceeding 50%.
For example, Noah Fund's participation in VeriSilicon's private placement yielded an allocation of 93 million yuan, with a current floating gain of 80.81%. Yinhua Fund's involvement in CETC's private placement secured an allocation of 126 million yuan, achieving a floating gain of 73.60%.
Among the five institutions with allocations exceeding 1 billion yuan—Caitong Fund, Nord Fund, E Fund, Xingquan Global Fund, and GF Fund—the current floating gains stood at 38.48%, 37.04%, 36.07%, 20.34%, and 10.18%, respectively.
Industry experts believe that public funds' professional research capabilities and capital scale advantages give them a leading position in the private placement market. Their active participation reflects not only their ability to seize market opportunities but also the optimization of the private placement ecosystem. The enthusiasm for institutional involvement in private placements is expected to continue in the future.
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