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行情回暖 基金发行提速 超50只新产品节后“蓄势待发”
Zhong Guo Zheng Quan Bao·2025-09-28 22:13

Core Insights - The public fund industry in China is experiencing a significant revival, with over 50 new public funds scheduled for issuance after the National Day holiday, primarily focusing on "rights-containing" products [1][2][4] - The number of newly issued public funds has surpassed 1,100 in the first three quarters of this year, nearing the total expected for 2024, with a notable increase in the third quarter [4] - Major fund managers are leading the issuance of new products, including well-known names such as Jin Zicai from Caitong Fund and Yao Jiahong from Guojin Fund [2][4] Fund Issuance Trends - In October, more than 50 new public funds are set to be issued, with nearly 20 products launching on October 9 alone [2] - Passive index funds dominate the new offerings, with 19 planned for issuance, covering various growth and dividend style indices [2] - Active equity products are also gaining traction, with 12 new mixed equity funds scheduled for release [2] Fundraising Limits - Several upcoming public fund products have set initial fundraising caps, such as 1 billion yuan for some funds and 2 billion yuan for others [3] Market Performance - The A-share market's upward trend has led to a significant increase in public fund issuance, with monthly new product numbers rising from around 120 in Q2 to approximately 150 in Q3 [4] - The number of newly issued passive index funds has exceeded 480 in the first three quarters, with index-enhanced funds also seeing substantial issuance [4] Investor Interest - The AI sector has attracted considerable investor interest, as evidenced by the high subscription rates for newly launched AI-related funds [5] New Product Developments - Xingsheng Global Fund has reported its first ETF product, the Xingsheng Global CSI 300 Quality ETF, marking a significant move into the ETF space [6] - The FOF (Fund of Funds) market is also seeing increased activity, with over 20 new FOF products reported since September, reflecting a growing demand for diversified asset allocation [6][7]