投顾周刊：7月基金发行超900亿份

Group 1 - In July, over 90 billion units of funds were issued, with a notable increase in the issuance of innovative products like the Sci-Tech Bond ETF, indicating a recovery in the market [2] - The stock and bond markets are experiencing a "seesaw" effect, with funds flowing from bond funds to equity markets, prompting fund managers to adopt strategies to mitigate risks and manage liquidity [2] - 54 equity funds have doubled their performance over the past year, with GF Fund leading in the number of funds achieving this milestone [3] Group 2 - High dividend assets are in demand, leading to a surge in limit purchases for thematic funds, as defensive needs and a low-interest-rate environment attract market funds [3] - The Federal Reserve has maintained its interest rate target range at 4.25% to 4.5% for the fifth consecutive time, with Chairman Powell indicating that it is too early to predict a rate cut in September [4][18] - Ray Dalio has exited the board of Bridgewater Associates and sold his remaining shares, advocating for a 15% asset allocation to Bitcoin and gold to address U.S. debt concerns [6] Group 3 - In the week of July 28 to August 1, major global stock markets performed poorly, with significant declines in indices across China, the U.S., and Europe [7] - The bond market also saw a downturn, with yields on Chinese government bonds dropping by 1.01 basis points for 1-year bonds, 3.62 basis points for 5-year bonds, and 2.65 basis points for 10-year bonds [9][10] - The recent week also witnessed a mixed performance in the fund indices, with the Wande Bond Fund Index slightly increasing by 0.04% while stock and mixed fund indices declined [11] Group 4 - In the week of July 28 to August 1, the issuance of bank wealth management products was dominated by fixed-income plus funds, which accounted for 49.73% of the new products and 63.80% of the total scale [14] - The overall yield of wealth management products from Jianxin Wealth Management was notably high at 4.01%, reflecting a stable macroeconomic environment and strong bond market performance [15][16]