增超183%！

Core Viewpoint - The new fund issuance in the first half of 2025 reached a total scale of 540.85 billion yuan, a nearly 20% decline compared to the same period last year, with a notable increase in equity funds and a significant drop in bond funds [2][4]. Fund Issuance Overview - A total of 672 new funds were established, raising 540.85 billion yuan, compared to 609 funds and 674.30 billion yuan in the same period last year, indicating a decrease in issuance scale despite an increase in the number of new funds [4]. - Bond funds remained the mainstay of new fund issuance but saw a nearly 54% decline in scale compared to last year, with only 126 new bond funds established [4][6]. Equity Fund Performance - Equity funds experienced a resurgence, with 387 new equity funds launched, raising 188.06 billion yuan, representing a growth of over 183% compared to the previous year [6]. - The issuance share of equity funds reached 35.46%, the highest since the second half of 2012, indicating a strong recovery in investor interest [6]. Market Highlights - The first half of 2025 saw significant highlights in the new fund issuance market, particularly with FOF (Fund of Funds) products, which accounted for a notable share of the top issuance scales [8]. - A total of 30 new FOF funds were established, raising 32.75 billion yuan, marking a new high since the first half of 2022 [8]. - Bond index funds also emerged as a highlight, with 27 new bond index funds launched, representing over 20% of the new bond funds [8]. REITs and Other Fund Types - In the first half of 2025, 10 new public REITs were issued, raising a total of 15.30 billion yuan, with all public offerings sold out on the first day [9]. - The index-enhanced funds also saw a surge, with 82 new products established, indicating a growing trend in this category [9]. - QDII funds showed promising results, particularly those focused on the Hong Kong stock market, with significant fundraising figures [9].