开年新基密集“抢跑”，科技赛道成必争之地

Core Insights - The public fund issuance market has seen a rapid start in 2026, with 71 new funds scheduled for release by January 5, and 44 of these launched in the first trading week after the New Year holiday, indicating a competitive market entry strategy [1][3] Fund Issuance Overview - Active equity funds dominate the new fund landscape, with nearly 30% being actively managed equity funds and about 35% being stock funds, together accounting for half of the market [1][3] - Fund companies are aligning their issuance strategies with industry trends, with over 30% of new funds targeting specific sectors such as technology, healthcare, and the Sci-Tech Innovation Board, highlighting a strong focus on technology investments [1][3] Market Dynamics - The beginning of the year is typically a time for capital inflow and strong investor allocation willingness, prompting fund companies to issue products to seize the "spring rally" opportunity [3] - On January 5 alone, 28 new funds were launched, primarily consisting of index and actively managed equity funds, reflecting a high institutional interest in positioning within the equity market [3][4] Investment Focus - Technology has emerged as the standout investment theme for early 2026, with approximately 36% of the newly established funds being industry or theme-based, focusing on sectors like technology, batteries, industrial software, and information technology [4][5] - Major fund companies are launching technology-themed ETFs, including those focused on Hong Kong stocks and battery themes, indicating a strategic push towards technology investments [4] Future Outlook - Industry experts believe that 2026 will present structural opportunities in the big technology sector, with specific focus areas including the AI industry chain, overseas markets, and sectors benefiting from "anti-involution" trends [4][5] - The current valuation and profit matching in the technology sector are seen as more favorable compared to the internet bubble period, suggesting potential for significant returns [4][5]