沪指开年放量冲破4000点，公募超百只新品打响春季攻势

Group 1 - A-shares opened the year strongly, with the Shanghai Composite Index achieving a "twelve consecutive days" rise, surpassing the 4000-point mark, and a total market turnover of 2.57 trillion yuan [1][5] - Institutional investors are actively launching new products, with 115 public fund products currently in issuance or queue, over two-thirds of which are equity products, focusing on technology and growth themes [1][2] - The market is expected to transition from a previous phase of low trading volume to a rebound, with a shift in capital structure from defensive sectors to technology and manufacturing [1][6] Group 2 - The number of funds being launched in January has increased significantly, with 10 FOF products initiated, reflecting a growing demand for customized asset allocation services [3] - The public fund industry traditionally aims for a strong start to the year, but recent market conditions have led to a shift in focus towards performance improvement of existing products rather than just new launches [3] - The A-share market's rise is attributed to multiple factors, including a strong performance in the Hong Kong market, supportive macro policies, and increased liquidity from various sources [5][6] Group 3 - The outlook for A-shares in 2026 suggests a gradual bull market, with opportunities concentrated in sectors benefiting from new technologies, overseas expansion, and industries with supply constraints [6][7] - AI and emerging technology sectors are highlighted as key investment themes, with expectations of significant growth in related fields such as semiconductors and power storage [7] - The overall sentiment in the market is optimistic, driven by a recovery from previous pessimistic expectations and a favorable liquidity environment [5][6]