新基发行创近三年新高 被动投资越来越受关注

Group 1 - The core viewpoint of the articles highlights a significant recovery in the public fund issuance market since 2025, with a total of 1,378 funds issued, surpassing last year's 1,143 and marking a three-year high [1][2] - The average subscription period for newly issued funds has decreased to 16.31 days from 22.63 days last year, indicating a faster fundraising process [1] - Equity funds have emerged as the dominant category, with 999 equity funds issued this year, accounting for 72.50% of the total [1][2] Group 2 - A notable "stock-bond seesaw effect" has been observed, with 762 stock funds issued this year, representing 55.30% of the total, while bond funds have decreased to 250, down from 330 last year [2] - The rise of index-based investments is significant, with 813 index funds issued, making up 59% of the total, and 96.59% of stock funds being index funds [2] - In the QDII fund sector, index funds dominate, with 15 out of 18 new QDII funds being index-based, a remarkable 83.33% [2] Group 3 - Multiple factors are driving the recovery in fund issuance, including a positive trend in the A-share market and improved corporate earnings due to economic recovery and policy implementation [3] - Central banks' accommodative monetary policies have maintained ample market liquidity, attracting international capital into the Chinese market [3] - Increased investor confidence, particularly among younger investors who are more open to new investment vehicles, is contributing to the growth of the public fund industry [3]