年内新发公募基金产品已达1378只

Group 1 - The public fund issuance market has experienced a significant recovery, with a total of 1,378 public funds issued by November 17, surpassing last year's total of 1,143 funds, marking the highest issuance in three years [1] - The average subscription period for new funds has decreased from 22.63 days last year to 16.31 days this year, indicating a faster fundraising cycle and increased market activity [1] - The main drivers for the recovery include positive overall performance in the A-share market, improved corporate profit expectations, ample market liquidity, and increased investor confidence [1] Group 2 - FOF (Fund of Funds) products have seen explosive growth, with 72 new FOF products issued this year, doubling from 33 last year, reflecting growing recognition of their value [2] - As the equity market rebounds, there has been a significant increase in the issuance of equity funds, while bond fund issuance has declined, demonstrating a typical "seesaw" effect between stocks and bonds [2] Group 3 - A total of 19 public REITs and 18 QDII funds have been issued this year, with index funds emerging as a major highlight in the issuance market, comprising 813 of the 1,378 new funds, nearly 60% [3] - Index investment has penetrated various fund categories, with over 90% of stock funds being index products and nearly 25% of bond funds being index bond funds, indicating a trend towards lower-cost, clearer-style products [3] - The industry remains highly concentrated, with 131 public institutions issuing new funds, and 22 institutions issuing 20 or more funds, led by Fortune Fund with 60 new funds [3]