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Core Insights - In September, the A-share market experienced significant growth, surpassing 3,800 points, leading to a recovery in the new fund issuance market, with a total of 201 new public funds established, marking the highest monthly figures of the year [1][3] Fund Issuance Overview - The total issuance volume of new funds in September reached 1,673.39 billion units, representing a month-on-month increase of 93.26% and 64.02% respectively [1][3] - In the first three quarters of the year, new fund issuance exceeded 8,900 billion units, an increase of nearly 400 billion units compared to the same period last year, with 1,148 new funds launched, surpassing the total for the entire year of 2024 [3] Fund Types and Performance - In September, the majority of newly established funds were equity funds, with 104 new equity funds launched, a 22.35% increase from August [3] - Bond funds also saw significant growth, with 39 new bond funds established, a 62.5% increase from the previous month [3] - The issuance of equity funds accounted for 39.35% of the total issuance, with a volume of 658.44 billion units, reflecting a nearly 40% month-on-month increase [3] - Mixed funds and bond funds also showed strong performance, with mixed funds at 302.92 billion units (18.10% share) and bond funds at 659.59 billion units (nearly 40% share), both experiencing substantial month-on-month growth [3] Notable Fund Products - The top-performing funds in September were index funds, with notable issuances including BlackRock's China Bond Investment Preferred Green Index A and China Merchants Balanced Preferred A, with issuance sizes of 6 billion and 4.955 billion respectively [4] - The second batch of 14 science and technology bond ETFs was launched in mid to late September, with a total issuance scale of 407.86 billion, contributing to a total scale of over 2,300 billion for science and technology bond ETFs [4] Market Outlook - There were 48 funds that announced early closure in September, indicating increased market activity and investor confidence [5] - Industry insiders remain optimistic about the future of the fund issuance market, expecting continued recovery driven by favorable policies and market conditions [5] - Following the National Day holiday, around 100 new funds are set to compete in the market, with 30 currently in issuance and 70 more planned for October, predominantly in equity categories [5]