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发行市场回暖 三月权益类基金发行占比近七成
Xin Hua Wang·2025-08-12 06:15

Core Insights - The issuance of equity funds has rebounded since March, with nearly 70% of newly launched funds being equity products, significantly higher than February's 48% [1][2] - The average issuance size of newly established stock funds is showing a continuous recovery, with some equity products targeting over 5 billion yuan in fundraising [1][3] Fund Issuance Trends - As of March 7, 41 funds have been publicly offered, with 29 being equity funds, marking a notable increase from February [2] - The total issuance of newly established funds in March reached 340.39 billion units, with an average issuance size of 10.64 million units per fund, indicating a recovery compared to previous months [2] Market Sentiment and Economic Outlook - Market participants express optimism regarding the equity market, anticipating stabilization and recovery in both the macro economy and A-share market, which could drive new capital inflows [4] - High-frequency economic data suggests stronger-than-expected recovery, with expectations for continued economic growth in the first quarter and beyond [4] Specific Fund Highlights - The BoShi Fund's BoShi Balanced Preferred Fund has surpassed 3 billion yuan in fundraising, likely becoming the largest actively managed equity fund of the year [3] - Several funds, including Huaxia Industry Selection A and Guotai Green Power Link A, have set ambitious fundraising targets of over 5 billion yuan [3] Investment Strategies and Sector Focus - Investment strategies are increasingly focused on domestic demand sectors, with an emphasis on identifying areas with improved supply-demand structures [5] - The macro environment is characterized by moderate recovery, low inflation, and a rebound in corporate earnings, which may favor growth stocks that underperformed last year [5][6]