11月首周新基发行回暖

Core Insights - The public fund issuance has shown signs of recovery, with 35 new public products launched in the week from November 3 to November 9, marking a 29.63% increase from the previous week and the highest in three weeks [1] - The average subscription period for the new funds has decreased to 19 days, indicating improved market supply dynamics [1] Fund Issuance by Type - Equity funds, including stock and mixed funds, dominated the issuance with 26 products, accounting for over 70% of the total new funds, reflecting a strong focus from fund companies on the equity market [2][3] - Specifically, stock funds saw robust issuance with 16 products, representing 45.71% of the total, where passive index funds led with 13 products (37.14%) due to their clear tracking direction and lower management fees [3] - Mixed funds accounted for 10 products (28.57%), with the flexible allocation of equity mixed funds allowing fund managers to adjust stock and bond ratios based on market conditions [3] FOF and Bond Fund Performance - FOF products performed well with 5 new issuances, matching the highest weekly issuance for the year, where 4 were bond-focused and 1 was equity-focused [3] - Bond fund issuance remained stable with 4 mixed bond secondary funds, making up 11.43% of the total [4] - The improvement in market conditions and changing investor attitudes towards public funds have contributed to the increased issuance, alongside ongoing supportive policies [4]