公募基金市场热点：新基金发行升温，ETF规模突破6万亿

Recent Events - The most notable event in the public fund market is the "Debang Fund Incident," which highlights the phenomenon of rapid inflow of funds due to online influencers, significantly diluting the returns for existing fund shareholders. This has sparked widespread discussions on the compliance of fund marketing and liquidity management [2] Stock Performance - New fund issuance has increased, with 43 new funds scheduled for issuance from February 9 to the end of February, involving multiple fund companies such as Southern, Guangfa, and Yongying, indicating an active market supply of products [3] - The ETF market continues to expand, with the total scale of domestic ETFs expected to exceed 6 trillion yuan by the end of 2025, reflecting a 62% annual growth rate. The proportion of ETFs in the A-share circulating market has also significantly increased, indicating a growing preference for passive investment tools [3] - Notably, the Ruiyuan Growth Value Mixed Fund, managed by Fu Pengbo, has removed large subscription restrictions starting February 9, attracting market attention [3] Institutional Perspectives - Fund advisory institutions have been actively adjusting their portfolios to optimize asset allocation. Data shows that over 170 advisory portfolios made adjustments in January 2026, with a primary focus on increasing allocations to A-shares (especially undervalued value-type funds) and bond assets [4] - Some institutional views suggest that despite recent market adjustments, the equity premium rate remains near historical averages, providing a "valuation buffer" and maintaining an optimistic outlook for the year's performance [4]