Net purchases within the year exceeded 7 billion yuan, and public funds released bullish signals.

Since the beginning of this year, public funds have been continuously buying their own products, using real money to increase their exposure to the A-share market and convey a bullish sentiment. According to Choice data, as of June 24th, the net inflow of public funds into their products reached 7.35 billion yuan. Among them, equity products have become the core of fund allocation, signaling the active bullish outlook of public funds on the A-share market. Specifically: ChinaAMC CSI A500 ETF had a net inflow of 470 million yuan, ranking first among equity products; E Fund Dongfanghong Hui Xin Selection 6-month holding balanced fund had a net inflow of 190 million yuan, ranking second; the net inflows of products such as GF YinHui Retirement Target Date 2035 3-year holding balanced fund, GF Steady Income 1-year holding balanced fund, HuaTai ZiJin Strategy Selected balanced fund, RuiYuan Selected Balanced 3-year holding initiation fund, all exceeded 1 billion yuan. In terms of institutional distribution, the top fund companies are the main players in self-purchases: as of June 24th, ChinaAMC Fund ranked first with a net inflow of 1.45 billion yuan into their funds; Huabao Fund followed closely with a net inflow of 840 million yuan; YongYin Fund, GF Fund, CMB Fund, and JiaShi Fund all had net inflows exceeding 500 million yuan.