权益类基金发行大幅回暖

Core Viewpoint - In July, the public fund issuance experienced a resurgence, with nearly 150 new funds launched, marking a monthly issuance record for the year, driven by improved market sentiment and investor enthusiasm [1][2] Fund Issuance Overview - A total of 149 public funds were launched in July, with over 90 funds already established by August 3, accumulating over 800 billion units in issued fund shares [1] - The largest single product by issuance was the Huatai-PineBridge Stable Return Fund, which issued 3.741 billion units, with 6,904 effective subscriptions [1] - The first batch of Sci-Tech Bond ETFs was a significant highlight, with 10 ETFs collectively issuing over 28 billion units, accounting for nearly 40% of the total issuance for the month [1] Bond and Equity Fund Trends - Bond funds remained the mainstay of fund issuance, although their issuance volume decreased by over 40% compared to the same period last year, with total issuance for the first seven months being less than half of last year's figures [2] - Conversely, equity fund issuance showed a marked recovery, with 81 new stock funds launched in July, nearly 2.8 times the number from the previous year, and issuance scale increasing by 5.7 times [2][3] Performance of Equity Funds - The highest issuance scale among equity funds was for the index fund, HuaBao CSI 300 Free Cash Flow Link Fund, with a total issuance scale close to 2.7 billion [3] - Several actively managed equity funds also performed well, with multiple funds exceeding 2 billion in issuance [3] - The most popular themes among newly issued equity funds included free cash flow, dividend themes, and sectors like technology, innovative pharmaceuticals, robotics, artificial intelligence, and aerospace [3] Future Fund Launches - Looking ahead, the issuance of equity funds is expected to continue, with over 60 public funds scheduled to launch in August, of which more than 80% are equity funds [4] - On August 1, 10 equity funds were launched simultaneously, featuring well-known fund managers [4] - Additionally, a second batch of 12 new floating fee rate products has been approved, with expectations for these products to become a regular feature in the market [4]