The interbank certificate of deposit index fund has shrunk by 40% as the new main force in May.

FAP, June 4 / PRNewswire-FirstCall-Asianet /-- in the fund issuance market in May, the interbank certificate of deposit index fund has become the main force. The two largest funds issued are the laterite Innovation AAA Index 7-day holding fund and the UBS AAA Index 7-day holding fund, with a total issuance share of 11.838 billion yuan. Accounted for 30% of the share of the newly issued fund in May. With the establishment of these two funds, the number of interbank certificate of deposit index funds in the market has been expanded to 54. Since the first six products were put on sale at the end of December 2021, this kind of products have been developing rapidly in about a year and a half. However, it is worth noting that at present, the total scale of this kind of products has dropped from a historical peak of 199.058 billion yuan at the end of the second quarter of 2022 to 115.837 billion yuan, a decrease of more than 40%. The necessity of continuous layout of this kind of products has triggered market discussion. (Securities Times)