年末发行“翘尾” 多只新基金提前结束募集

Core Viewpoint - The fund issuance market remains robust as year-end approaches, with many new funds being launched and several funds ending their fundraising early, indicating a continuous influx of capital into the A-share market [1][2]. Group 1: Fund Issuance Trends - As of December 3, 14 new funds announced early closure of their fundraising since November, reflecting strong demand [1]. - The newly launched Xingquan CSI 300 Quality ETF, initially set to raise funds until December 5, closed early on December 1 after selling over 1 billion units in just two days, with a fundraising cap of 2 billion yuan [1]. - The total number of new funds established this year reached 1,488, surpassing the numbers from 2024 (1,136) and 2023 (1,280), and is close to the 2022 figure of 1,546 [2]. Group 2: Fund Types and Investor Preferences - Passive funds, particularly equity and mixed funds, have gained popularity, making up over 50% of new products this year, the highest level in three years [2]. - "Fixed income plus" products have seen significant growth, with a total market size of 2.44 trillion yuan as of Q3, up over 500 billion yuan from Q2 [3]. - Index-enhanced funds are favored by institutions as a way to enter passive investment, allowing for both index tracking and showcasing active management capabilities [4].