Four years after the return of Pudong bank to the trust market

After four years, Pu FA Bank with the first fund in 2011, the National Union of money market funds to return to the trust market.　　"First financial daily," the reporter learned that the fund has been approved by the Securities and Futures Commission, will be issued in the near future, which is the first fund to be hosted by the Pudong Bank since 2006. Fund industry insiders pointed out that since 2010, a group of small and medium-sized banks of the trust fund first performance is not inferior to the traditional big line, which gave the original highly concentrated fund-hosting market to glow new vitality. Wind data shows that China Merchants Bank, Minsheng Bank, Xingye Bank, Citic Bank and so on have been entrusted with the new fund. In 2009, only China Merchants Bank and the Postal Savings Bank each new to host a fund. In fact, in the traditional large channel congestion, limited resources environment, some fund companies in time to change the channel strategy, together with small and medium-sized banks, but made a surprise first results, such as the Citic Bank-hosted national security gains bond fund first raised up to 1.903 billion, the Guangdong bank-hosted China-EU enhanced Return Fund, the first fund-raising scale of 2.37 billion.　　As of December 27, ICBC's average initial size was 1.7 billion since 2010. A joint venture fund executive said: "At present the fund trusteeship market pattern is very simple, the business is highly concentrated in has the network advantage Big Bank, the fund company competes for the release time is not uncommon." In this context, the small and medium-sized banks of the single fund sales capacity has no obvious disadvantage, but also effectively avoid the same channel multiple funds issued simultaneously. ”