资金借基入市 公募开年狂卖719亿，权益、FOF产品受追捧

Core Insights - The public fund issuance market has shown signs of recovery at the beginning of 2026, with a total of 76 new funds established, raising a total of 71.939 billion yuan, marking an average issuance size of approximately 9.47 million yuan, the second highest since January 2025 [1][6][20] Fund Performance and Types - Equity funds and mixed-type Funds of Funds (FOFs) have emerged as the main contributors to the fundraising efforts in January, with equity funds accounting for 60% of the total issuance and mixed-type FOFs over 20% [7][20] - Among the newly established funds, 13 products exceeded 2 billion yuan in issuance, including 6 equity mixed funds and 3 mixed-type FOFs [1][15] Market Dynamics - Multiple favorable factors, including market conditions, policies, and funding, have contributed to the resurgence of public fund issuance, with a notable structural market rally in A-shares enhancing investor enthusiasm for equity funds [7][20] - Fund companies are focusing on popular sectors such as technology and innovation, aligning their offerings with diverse investor needs, which has further boosted issuance activity [8][20] Specific Fund Highlights - Notable funds include the "Fuguo Zhihui Stable 3-Month Holding Period FOF," which raised 4.19 billion yuan in just three days, and several other mixed-type FOFs with significant fundraising [4][18] - The "Guangfa Research Smart Mixed Fund" raised 7.221 billion yuan, indicating strong market confidence in equity assets [5][19] Ongoing Trends - As of January 2026, there are 94 funds currently in issuance, with equity funds making up approximately 63% of the total, reflecting a shift towards equity products compared to previous years [10][23] - The demand for "fixed income plus" products is also increasing, indicating a trend where conservative investors are looking to allocate a portion of their assets to equities [24] Sector Focus - The ongoing issuance of funds is heavily focused on industry themes such as cloud computing, new energy batteries, biotechnology, and artificial intelligence, reflecting a strong market preference for technology-driven growth [24][25]