年内新发基金数量超去年全年 股基占比创近15年新高

Core Insights - The A-share market is experiencing a strong influx of funds through equity funds, with a total of 1,163 new funds established by October 19, 2025, surpassing the total of 1,135 for the entire year of 2024, indicating a robust recovery in the fund market [1] - The number of newly established equity funds has reached 661, with a total issuance scale of 339.396 billion yuan, accounting for 37.45% of the total issuance scale, marking the highest proportion in nearly 15 years since 2011 [1] - The high proportion of equity funds in 2025 reflects investors' desire for higher returns during a bull market and indicates that fund companies are responding to market demand by increasing the issuance of equity funds [1] Fund Issuance Trends - The total issuance scale for the year has reached 906.273 billion yuan, with seven products exceeding 6 billion yuan in initial fundraising, and 50 funds surpassing 3 billion yuan [1] - The top mixed FOF fund, Dongfanghong Yingfeng, has raised 6.573 billion yuan, leading the market, followed by several other funds with similar fundraising scales, indicating strong institutional interest in bond index tools and stable strategy products [2] - Passive index bond funds have become the mainstay in the 3 billion to 6 billion yuan range, with several bond ETFs achieving over 3 billion yuan in fundraising, highlighting the demand for low-volatility assets [2] Market Dynamics - The rebound in the equity market has led to increased issuance of active equity funds, with several products surpassing 2 billion yuan in scale, reflecting a growing demand for equity assets [3] - The issuance scale of bond funds has decreased compared to last year, as the attractiveness of the stock market increases amid narrowing interest rate space, demonstrating a "stock-bond seesaw" effect [3] - The structural changes in the fund issuance market indicate a shift in capital flow, with public funds becoming a significant channel for capital inflow into the A-share market, suggesting a potential continuation of the equity investment golden period [3]