基金早班车丨资产盘活提速，机构间REITs多点突破

Group 1: REITs Market Development - Recent REITs have diversified asset types, covering consumer infrastructure, energy infrastructure, and industrial properties, indicating a broadening market scope [1] - The advantages of holding real estate ABS in revitalizing existing assets and expanding financing channels are becoming evident, contributing to a new multi-tiered REITs market ecosystem that injects long-term equity funds into the real economy [1] Group 2: Fund News - On December 12, no new funds were launched; however, 33 funds announced dividends, primarily bond funds, with the highest dividend payout from the Southern S&P China A-share Large Cap Dividend Low Volatility 50 ETF at 0.3000 yuan per 10 shares [2][4] - Year-to-date, public funds have distributed over 220 billion yuan, a year-on-year increase of approximately 17%, with equity fund dividends seeing a significant growth of 60% [2] - The active equity fund leaderboard remains competitive, with over 50 funds doubling their net value, and the top fund achieving a return of 218%, indicating a strong focus on AI concept stocks [2][3] Group 3: Regulatory Changes - Fund sales are expected to face the strictest regulations in recent years, with new guidelines emphasizing the importance of equity fund retention and investor profit and loss in core assessments [3] - The new regulations will require significant changes in sales practices and incentive structures for distribution agencies, indicating a potential restructuring of channel business models and profit distribution [3]