“小阳春”！11月基金发行近千亿元

Core Viewpoint - The public fund issuance market experienced a "small spring" in November, with a total new fund scale reaching 96.616 billion yuan, indicating strong investor enthusiasm for subscriptions [1][5]. Fund Issuance Overview - A total of 136 new funds were established in November, showcasing a positive trend in both volume and price, driven by increased year-end capital allocation needs [1][7]. - The top fund by issuance scale was E Fund's E Fund Ruiyi Ying'an 6-Month Holding A, with 5.848 billion yuan, followed by Great Wall Fund's Great Wall Yuanli A at 5.251 billion yuan [1][3]. Fund Types and Performance - Equity funds (stock and mixed types) remained the main force in the market, with stock fund issuance reaching 30.669 billion yuan, accounting for 32.43% of the total scale [5]. - Mixed funds followed with an issuance scale of 23.999 billion yuan, making the total for equity funds 54.669 billion yuan, which constituted 57.81% of the total issuance [5]. Popular Fund Products - Notable high-raising products included mixed equity funds like Fu Guo Xing He A (3 billion yuan) and Peng Hua Qi Hang Quantitative Stock Selection (2.982 billion yuan) [5]. - Passive index funds also gained traction, covering various sectors, with notable products like Wan Jia Zhong Zheng 800 Dividend Low Volatility Index A raising 1.723 billion yuan [5]. International Market Interest - Funds targeting overseas emerging markets, particularly two ETFs focused on Brazil, attracted significant interest, raising a total of 3 billion yuan, exceeding their initial fundraising cap by over seven times [6]. Stability and Growth in Fund Types - Bond funds raised 21.666 billion yuan, accounting for 22.91% of the issuance market, serving as an important stabilizer [6]. - Fund of Funds (FOF) also performed well, with an issuance scale of 16.975 billion yuan, reflecting investor preference for professional fund selection and risk diversification [6]. Market Sentiment and Future Outlook - Analysts noted that the concentration of fund establishment dates in November allowed new products to meet year-end capital allocation needs, indicating that public funds continue to attract incremental capital into the market [7][8]. - The issuance volume approaching 100 billion yuan is seen as a positive signal for market confidence and structural optimization for the upcoming year [7][8].