突破10000亿，2026年布局思路来了

Core Viewpoint - The public fund issuance market in China has surpassed 1 trillion yuan for the seventh consecutive year, with equity funds becoming the main force, accounting for over 50% of the issuance [1][2][4]. Fund Issuance Scale - The total new fund issuance for the year has reached 10,727.76 billion yuan, indicating a strong market performance [2][7]. - The trend of maintaining a 1 trillion yuan issuance scale is expected to become the norm due to the long-term shift of residents' assets towards financial assets [7][8]. Product Structure - Equity funds (including stock and mixed funds) have overtaken bond funds, with their issuance share dropping from over 70% to 40% [4][5]. - The growth of passive index products, particularly ETFs, has contributed significantly to the increase in equity fund issuance [4][9]. Market Drivers - The strong performance of the A-share market and favorable economic data have boosted investor confidence and profitability expectations [2][3]. - Policy support for equity fund development and the optimization of issuance mechanisms have enhanced market efficiency [2][3]. Future Outlook - The trend of equity fund dominance is likely to continue, supported by regulatory policies and the development of innovative products [6][11]. - The public fund industry is expected to innovate further, with new products like credit bond ETFs and floating rate funds emerging [9][10]. Investment Strategy - Fund companies are focusing on diverse product offerings to meet the varying needs of institutional and individual investors [17][18]. - The emphasis on long-term stable returns and the development of customized products for different investor profiles is becoming a key strategy [17][21].