值得一提的是，当前，机构投资者对债基的配置需求依然存在。对于保险和银行理财等风险承受能力较低的机构 投资者来说，债基的收益稳定性和低波动性与它们对资金安全性和收益稳定性的要求相契合。同时，对于风险承 受能力较高的机构投资者来说，债基可以对冲权益资产的波动风险，进而降低整体组合的波动率。因此，无论风 险偏好如何，机构投资者都有配置债基的需求。(南木） 自7月份以来截至8月11日，已有19只基金相继发布类似公告，恢复机构投资者大额申购业务。其中，债基数量达 到11只，包括东海祥瑞、工银中债1—5年进出口行、广发汇达3个月定期开放债券等。此外，还有3只货币市场型 基金、3只股票型基金和2只混合型基金也恢复了相关业务。 业内人士分析指出，近期多只债基恢复机构投资者大额申购业务，是政策面支持、市场环境改善以及基金管理人 策略调整共同作用的结果，这一转变既反映了债市流动性的充裕与机构配置需求的持续，也体现了基金公司在风 险管理与规模扩张之间的平衡考量。Wind数据显示，7月份，债市交易活跃度显著提升，全部交易所债券（未到 期）总成交额（按全价计）达2.56万亿元，环比增长40.89%，同比增长45.08%。 【环球网财经 ...

Group 1 - The issuance of funds remains strong, with 51 funds scheduled for release in May, including 28 equity funds, 12 bond funds, 8 mixed funds, and 3 funds of funds (FOF) [1] - Equity products account for over 70% of the total issuance, with passive index funds and thematic ETFs being the main drivers [1][2] - There is a notable increase in demand for low-risk asset allocation, as evidenced by the concentrated launch of mid-to-long-term pure bond funds [1][3] Group 2 - Among the 36 planned equity products, 21 are passive index funds, with major fund managers focusing on broad-based products covering key indices like the Sci-Tech 50 and CSI A50 [2] - Thematic ETFs are also actively being issued, with a focus on policy-supported sectors such as digital economy and aerospace [2][3] - Fund companies are shortening issuance cycles to capture emerging sectors, while cautioning against the risks of blindly chasing high valuations in thematic ETFs [3][4] Group 3 - The appeal of mid-to-long-term pure bond funds is attributed to their stable returns, ability to hedge equity volatility, and favorable liquidity management [4] - These funds are positioned as a preferred choice during periods of declining risk appetite, with a focus on long-duration bonds for higher yield potential [4][5] - The competitive landscape for ETFs is intensifying, with first-mover advantages and operational capabilities becoming critical for success [4]