年内公募基金新发数量创三年新高，4家狂揽近2000亿

Core Insights - The A-share market is experiencing a rebound, leading to a significant increase in public fund issuance, with 1,332 new funds launched this year, marking a three-year high and reversing a trend of declining issuance over the past three years [2][3] - Despite the recovery, a stark disparity is emerging within the industry, with major fund companies capturing a large share of new issuance while many smaller firms struggle to launch new products [6][9] Fund Issuance and Market Dynamics - As of November 19, 2023, the total issuance scale of new public funds has surpassed 1.03 trillion units, significantly exceeding last year's figures and achieving a new high for the past three years [3][5] - The average subscription period for new funds has decreased to 16 days, down from 23.31 days last year, indicating heightened market activity [5] - A notable number of new products, 379, have announced early closure of their fundraising rounds, reflecting strong demand [5] Concentration of Resources - The top four fund companies have collectively raised nearly 1,945 billion yuan, accounting for 18.33% of the total issuance, highlighting the concentration of resources among leading firms [6] - In contrast, 34 fund companies have not launched any new products this year, indicating a challenging environment for smaller firms [6][9] Future Investment Strategies - Fund companies are focusing on rights-containing products, with ETFs, "fixed income plus," and active equity products being the primary areas of investment [7][8] - Large institutions emphasize a diversified product matrix to capture various market opportunities, while medium-sized firms seek differentiation in niche markets [8][9] Market Outlook - Despite short-term caution due to market volatility, there is an optimistic outlook for next year, with expectations of increased capital inflow as global economic conditions stabilize [10]