年内新发基金数创近3年新高

Core Insights - The number of newly launched funds in the market has reached 1,371 as of November 11, marking a three-year high [1][5] - The average fundraising scale for new funds is only 782 million, indicating a shift in the public fund issuance market towards a "tool-oriented, segmented, and institutionalized" approach [3][6] Fund Issuance Trends - The public fund issuance has rebounded this year, surpassing previous years with 1,371 new funds launched, exceeding the total for 2023 and 2024 [5][6] - The trend has shifted from creating blockbuster funds to a "broad net" strategy, focusing on low-cost, efficient tool products to meet changing market demands [6][10] - The total fundraising scale for new funds this year is approximately 965.3 billion, the lowest since 2019, with an average fundraising scale of 782 million [5][6] Fund Types and Market Dynamics - There is a notable increase in equity funds, with 761 new equity funds launched, a 62% increase compared to the previous year [8][9] - Equity funds now account for 37% of total new fund issuance, significantly higher than previous years [8] - Conversely, bond funds have seen a decline, with only 247 new bond funds issued, the lowest in nearly a decade [9] Future Outlook - The market is expected to continue favoring equity products, particularly index funds, due to their cost advantages and growing investor demand [10] - The issuance of bond funds is anticipated to remain stable, with a shift towards bond ETFs replacing traditional bond funds [10]