74 fund companies have collectively invested 4 billion yuan in self-purchase this year.

Jinshi data news on October 17th, the reporter counted that as of October 16th, many public sale funds such as China Merchants Fund and Southern Fund purchased their own CSI A500 ETFs, and public sale funds such as Guorong Fund also purchased their own bond funds. Including the previously purchased public sale REITs and FOF, the self-purchase scale of public sale funds this year has reached nearly 4 billion yuan, distributed among 74 fund companies, with 12 fund companies having a self-purchase scale of over 100 million yuan. Market analysis points out that the self-purchase of funds reflects the investment confidence of fund companies. Historically, large-scale self-purchase often appears at the turning point of the market. Companies with more frequent self-purchase behavior are mostly established earlier and have relatively rich management experience, but this does not necessarily mean that self-purchased funds will make money.