Group 1 - A significant shift in capital flow between stocks and bonds has begun, with bond funds experiencing large redemptions and equity ETFs seeing net subscriptions [1][3] - In the first two trading days of the year, bond ETFs had a cumulative net redemption of 454.53 billion yuan, while equity ETFs saw a net subscription of over 40 billion yuan [3] - The issuance of new funds has gained momentum, with over 75 new funds currently in issuance, of which 53 are equity funds, indicating a strong market interest [2] Group 2 - Institutions are optimistic about the market outlook, suggesting that the "spring rally" has commenced, supported by liquidity and themes in sectors like semiconductors and commercial aerospace [4][5] - The influx of incremental capital is expected to provide liquidity support, with insurance and resident funds being the main sources of this new capital [5] - The ongoing global AI infrastructure development cycle is anticipated to benefit domestic suppliers, creating new growth opportunities for related companies [5]
股基提前结募 债基屡现赎回 机构：后续增量资金入市可期
Shang Hai Zheng Quan Bao·2026-01-07 17:51