Core Insights - The A-share market has strengthened, leading to a recovery in public fund issuance, with 1,187 new funds established by October 27, surpassing last year's total of 1,135 [1][2] - The issuance scale of equity funds reached 3,456.53 million units, accounting for 37.47% of the total issuance, marking the highest level since 2011 [1][2] - Passive index funds have a significant share in the newly issued equity funds, indicating a shift in investor preference towards passive investment strategies [3] Fund Issuance Overview - As of October 27, 676 equity funds were issued, representing 57% of new fund issuance, with a scale of 3,456.53 million units, significantly higher than last year's 21.14% [2] - The average issuance size for new funds this year is 7.77 million units, lower than previous years, suggesting that the market has not yet reached a peak in fund issuance [1] Notable Fund Products - Seven products have achieved issuance scales of 6 billion or more, with the top being "Oriental Red Yingfeng Stable Allocation" at 6.573 billion [1] - Among the seven products with around 6 billion in fundraising, five are bond funds, while two are fund of funds (FOF) [1] - Some FOF products, such as "Huatai Bairui Yingtai Stable 3-Month Holding FOF," have sold out on the first day of issuance, indicating strong demand [1][3] Market Trends - The increase in equity fund issuance is primarily driven by passive index funds, with six equity funds exceeding 2.5 billion in issuance this year, five of which are passive index funds [3] - The recent trend shows a gradual increase in actively managed equity funds with close to or exceeding 2 billion in fundraising, indicating a diversification in investor interest [3]
今年新基金数量超去年
Zhong Guo Jing Ji Wang·2025-10-28 01:13