本周新基发行环比增116%，权益基金占绝对主导

Core Insights - The public fund issuance market has seen a significant increase in activity as it enters the fourth quarter, with 52 new funds starting subscription this week, marking a 116.67% week-on-week growth and reaching the second-highest level of the year [1] - The average subscription period for newly launched products is 12.73 days, indicating a noticeable shortening compared to earlier periods [1] - The resurgence in public fund issuance is attributed to multiple factors, including strong market performance, public fund earnings, and improved investor sentiment, with the A-share market continuing to rise and the Shanghai Composite Index surpassing 3900 points, a near ten-year high [1] Fund Issuance Statistics - Among the 52 new funds launched this week, equity products dominate, with 42 funds (80.77%) being equity-related, including 32 stock funds and 10 equity-mixed funds [2] - Passive index funds lead the issuance with 23 funds (44.23%), reflecting a growing demand for low-cost, high-transparency investment tools [2] - Enhanced index funds account for 6 funds (11.54%), while ordinary stock funds are limited to 3 funds (5.77%), indicating a cautious approach from fund companies in a rapidly changing market [2] Mixed and Other Fund Types - A total of 11 mixed funds were issued this week, representing 21.15% of the total, with 10 being equity-mixed funds, highlighting the strategy to flexibly adjust positions to capture structural opportunities [3] - REITs saw the issuance of 2 funds (3.85%), reflecting ongoing interest in infrastructure-related investments [3] - Bond funds issued this week totaled 3 (3.85%), indicating a stable supply to meet conservative investment demands, although their overall share remains low compared to equity assets [3] Fund Issuance by Institutions - A total of 40 public fund institutions launched new funds this week, with 32 institutions introducing only one product each, while 8 institutions launched two or more [4] - Leading institutions such as Huaxia Fund and Huitianfu Fund each introduced 3 products, demonstrating an active issuance strategy among major players [4]