超700亿资金借基入市：主题ETF成吸金主力，投资结构分化

Core Viewpoint - The A-share market has welcomed a new influx of capital at the beginning of 2026, with over 70 billion yuan flowing into the equity market as of January 13, 2026, driven by new fund launches and a recovering market sentiment [1][3]. Fund Inflows - As of January 13, 2026, more than 700 billion yuan has entered the equity market through three main channels: newly issued funds, newly established funds from 2025 still in the investment phase, and stock-type ETFs [1][3]. - The net inflow of stock-type ETFs has reached 21.24 billion yuan since the beginning of 2026 [2]. Fund Structure and Trends - The inflow of public funds is characterized by significant structural differentiation, with thematic ETFs being the primary focus, particularly in sectors like media, satellites, and non-ferrous metals [4][6]. - A total of 21 new funds have been established since January 1, 2026, with 15 focused on the stock market, accounting for over 70% of the total issuance [1]. Market Sentiment and Investor Behavior - There is a notable increase in investor interest in equity funds compared to 2025, indicating a shift from defensive to offensive investment strategies [5]. - Despite the influx of capital, the overall sales of actively managed equity funds have not shown a clear recovery signal [5][10]. Specific Fund Performance - A specific fund, "Debon Stable Growth Flexible Allocation Mixed Fund," reportedly attracted 12 billion yuan in a single day, primarily due to its heavy investment in AI-related stocks that surged in value [8]. - The fund's net value increased by 29.42% in just six trading days since the beginning of the year [8]. Future Capital Inflows - Analysts predict that the trend of "deposit migration" due to low interest rates will lead to increased capital flowing into the investment market, with an estimated 2 to 4 trillion yuan potentially moving into investment areas in 2026 [11]. - The demand for public funds is expected to continue growing as more investors seek to participate in the equity market, especially in a low-interest-rate environment [10][11]. Regulatory and Market Dynamics - The regulatory environment is shifting towards high-quality development, focusing on genuine investor returns and long-term engagement rather than just sales volume [12].