“一日售罄”

Core Insights - The new fund issuance market is experiencing a resurgence, with several funds being oversubscribed and closing early, indicating strong investor demand [1][3]. Fund Performance and Management - On November 13, China Europe Fund announced that its "China Europe Xinyue Return One-Year Holding Period Mixed Fund" reached its fundraising cap of 1.5 billion yuan on the first day of issuance, leading to an early closure and the initiation of proportional allocation [2][4]. - The fund was originally set to close on November 26, 2025, but due to high demand, it closed early on November 13, 2025 [4]. - The fund manager, Lan Xiaokang, is noted for his successful track record, having previously managed a popular fund that raised nearly 2 billion yuan on its first day [6]. Market Trends - Since October, nearly 40 funds have announced early closures, with many being actively managed equity products that sold out on the first day [3][7]. - Notable funds that closed early include the "Fuguo Xinghe Mixed Fund," which raised over 3 billion yuan on its first day, and the "Penghua Qihang Quantitative Stock Selection Mixed Fund," which also exceeded 3 billion yuan [7]. - The trend of early closures is indicative of a broader recovery in the equity fund issuance market, with several funds achieving significant oversubscription [7].