基金研究周报：全球权益共振，黄金续创新高（9.8-9.12）

Market Overview - The A-share market showed structural activity driven by policy expectations and technology themes, with the Wind All A index rising by 2.12% and the Sci-Tech 50 leading with a 5.48% increase, indicating strong market preference for technology growth sectors [2] - The communication sector performed exceptionally well due to increased demand for optical devices and higher capital expenditures from operators, while the pharmaceutical and biotechnology sector declined by 0.64%, reflecting market concerns over deepening centralized procurement policies and risks in innovative drug development [2] - The weekly performance of major indices included a 1.52% increase in the Shanghai Composite Index, a 2.65% rise in the Shenzhen Index, and a 2.10% gain in the ChiNext Index [2] Fund Issuance - A total of 39 funds were issued last week, including 18 equity funds, 13 mixed funds, 5 bond funds, and 3 FOF funds, with a total issuance of 21.794 billion units [3][17] Fund Performance - The Wind All Fund Index rose by 1.17% last week, with the ordinary equity fund index increasing by 2.13% and the mixed equity fund index rising by 2.40% [3][7] Global Asset Review - Global major asset classes performed well, with U.S. stock indices reaching historical highs, and European and Asian markets also showing positive performance [4] - The commodity market saw active trading, with COMEX gold reaching new historical highs amid expectations of multiple interest rate cuts by the Federal Reserve [4] Domestic Bond Market Review - The national bond futures index fell by 0.32%, while medium to long-term interest rates remained low after a phase of recovery [13] Industry Performance - The Wind first-level average increase was 2.05%, with 90% of the Wind top 100 concept indices rising. All sectors except biomedicine saw gains, with communication, agriculture, and electronics performing relatively well, increasing by 5.24%, 5.00%, and 4.93% respectively [2][15]