增超183%！

Core Viewpoint - The new fund issuance performance for the first half of 2025 shows a total scale of 540.85 billion yuan, a nearly 20% decline compared to the same period last year, with bond funds still being the mainstay but now accounting for less than half of the total issuance [1][3]. Fund Issuance Overview - A total of 672 new funds were established by the end of June, raising 540.85 billion yuan, which is a decrease from 674.30 billion yuan in the same period last year despite an increase in the number of new funds [3]. - Bond funds have seen a significant decline, with 126 new bond funds established, raising 247.85 billion yuan, a nearly 54% drop compared to last year [3]. - The share of new bond funds in total new fund issuance fell to 46.73%, marking the first time it has dropped below 50% since 2022 [3]. Equity Fund Performance - Equity funds have experienced a resurgence, with 387 new equity funds established, raising 188.06 billion yuan, which is an increase of over 183% compared to last year [4]. - The issuance share of equity funds reached 35.46%, the highest since the second half of 2012 [4]. - Mixed funds also saw growth, with 111 new mixed funds established, raising 52.35 billion yuan, achieving a share of 9.87% [4]. Market Highlights - The first half of the year saw notable highlights in the new fund issuance market, particularly with FOF (Fund of Funds) products, which accounted for the top two issuance scales [6]. - A total of 30 new FOF funds were established, raising 32.75 billion yuan, marking a new high since the first half of 2022 [6]. - Bond index funds emerged as a significant highlight, with 27 new bond index funds established, representing over 20% of new bond funds [7]. REITs and Other Products - Ten new public REITs were issued, raising 15.30 billion yuan, with all public offerings sold out on the first day [7]. - The index-enhanced funds also saw a surge, with 82 new products launched, focusing on various indices [7]. - QDII funds showed strong performance, particularly those targeting the Hong Kong stock market, with notable fundraising figures [7].