(the issuance of new funds is not as expected: the current situation of new and old funds reflects fluctuations in market confidence.) as of May 30, 21.308 billion shares of newly established funds were issued that month, setting a new monthly low for public offering funds in the past eight years. While the launch of the new fund is not as expected, some old funds are also treading on thin ice. Many fund companies have recently opened a "shell" defense war, roadshows, exchange of resources and other fancy means staged one after another. Institutional personages said that the current situation of new and old funds reflects fluctuations in market confidence. From the perspective of valuation, the current stock index "water level" is low enough, the market is fully "priced" to uncertain factors, the market will be more sensitive to positive factors in the future, and the equity market already has allocation value. (China Securities News)