永赢基金首席权益投资官、权益投资部总经理高楠对《证券日报》记者表示："2026年A股上市公司盈 利有望迎来整体性向上拐点，这背后是经济周期规律持续发挥作用的结果。自2021年以来，不少行业已 历经数年的调整，市场结构在此期间不断优化，许多具备核心竞争力和高质量发展能力的上市公司进一 步巩固了自身优势，为未来迎来盈利回升奠定了坚实基础。从下游需求看，2025年以来多个行业已显现 出企稳向好的信号，例如工程机械、钢铁、航空等领域，市场格局正逐步清晰，资源向头部优质企业集 中的趋势也日益明显。" FOF产品则实现爆发式增长，截至2025年12月30日，年内新发行的此类产品为88只，较2024年同期增长 超过一倍，发行份额已超过过去三年总和，显示出市场对FOF产品的持续关注。 从发行公募机构来看，市场集中度较高。截至2025年12月30日，年内共有133家机构参与新基金发行， 其中发行数量在20只及以上的机构有24家。易方达基金以新发行69只产品位居首位，其中股票型基金有 50只；富国基金和华夏基金紧随其后，分别新发行产品64只和61只，股票型基金也占据较大比例。此 外，汇添富基金、鹏华基金、永赢基金、平安基金、广发 ...

步入2025年收官之月，公募基金发行市场热度不减，12月第二周发行热度延续。数据显示，本周（12月8日至14日）共有38 只基金开始募集，连续两周保持年内高位。其中权益类独占21席——股票型13只、混合型8只，占比55.26%；而股票型中 12只为指数产品（7只被动指数+5只指数增强），显示低费率、高透明度的工具化策略仍受资金青睐。 一、交易提示 12月8日,A股三大股指高开高走,尾盘小幅回吐部分涨幅,截止收盘,沪指涨0.54%报3924.08点,深成指涨1.39%报13329.99点,创 业板指涨2.6%报3190.27点,科创50指数涨1.86%报1350.8点;沪深两市成交额2.04万亿,全市场超3400只个股上涨。 二、基金要闻 （1）12月08日新发基金共有51只，主要为混合型基金和股票型基金，其中易方达上证科创板芯片ETF募集目标金额达80.00 亿元；基金分红75只，多为债券型，派发红利最多的基金是鹏华中证0-4年期地方政府债交易型开放式指数证券投资基金， 每10份基金份额派发红利9.1660元。 （2）截至12月8日，全市场515只公募FOF合计规模1869.88亿元，年内平均收益12.58% ...

新华财经北京12月8日电以基金成立日统计，2025年11月公募基金市场合并发行规模约为966.16亿元，发行规模同比下降35.12%，环比上升29.9%。 从产品发行结构来看，11月股票型基金发行规模较大，超过300亿元。其中，易方达如意盈安6个月持有、长城元利、易方达产业优选发行规模居前。 11月共有12只基金宣布延募，涉及中海基金、富国基金等旗下产品。 合并发行规模约为966.16亿元环比上升29.9% 以基金成立日统计，2025年11月公募基金市场合计发行基金产品136只（初始基金口径并剔除转型基金和后分级基金，下同），合并发行规模约为966.16亿 元，发行规模同比下降35.12%，环比上升29.9%。 | 面前12 | | | --- | --- | | 11月新发基金类型统计 | | | 类型 合并发行规模 (亿元) | | | 股票型基金 | 306.69 | | 混合型基金 | 240.00 | | 债券型基金 2216.66 | | | FOF其余 | 169.75 | | REITs | 24.48 | | 国际(QDII)基金 | 8.57 | | 数据来源: 新华财经、面包财经、公司公 ...

Group 1 - The issuance of new funds remains strong in December, with over 60 products starting or about to start issuance, and a total of more than 1400 new funds issued this year, surpassing last year's total of 1143 and reaching a three-year high [1][2] - Equity products are the main focus of new fund issuances, with 26 stock funds and 16 mixed funds launched in December, including several managed by well-known fund managers [1][2] - The majority of new funds are being issued by large and medium-sized institutions, with several companies launching multiple new products simultaneously [2][3] Group 2 - The total issuance of new funds this year has reached 1450, with a combined share of 10,359.09 million units, marking a significant increase compared to last year [2][3] - Among the newly issued funds, 795 are stock funds and 251 are equity-mixed funds, accounting for over 70% of the total, with index products dominating the market [3] - The public fund industry is innovating continuously, introducing various new products such as credit bond ETFs and floating rate funds, enhancing the investment landscape for investors [3] Group 3 - The outlook for the market remains positive, with expectations of economic improvement and a downward trend in risk-free interest rates, although short-term disturbances may still exist [4] - Fund companies suggest a balanced allocation strategy to navigate market volatility, with recommendations to increase exposure to stable dividend assets and sectors with growth potential [4] - The bond market is expected to maintain a narrow fluctuation pattern in the short term, influenced by new sales regulations and interest rate expectations [4]

Core Insights - The issuance of new public funds is expected to continue its steady growth for two consecutive weeks in November, with 39 new funds launching this week, a slight increase of 5.41% from 37 last week [1] Group 1: Market Environment - The overall improvement in the A-share market has led to a significant rebound in the performance of equity funds, driving investor participation and increasing the issuance of new funds [2] - The asset management industry is undergoing a transformation towards net value and standardization, shifting residents' wealth management preferences from traditional savings to professional asset allocation, making public funds more appealing [2] - Ongoing reforms in public fund fee structures have effectively reduced investment costs, enhancing the trust between investors and fund managers, and expanding sales channels [2] Group 2: Fund Types - Equity funds dominate the new fund landscape, with 29 out of 39 new funds being equity products, accounting for over 70% of the total [2] - Among the equity funds, there are 22 stock funds, 6 equity-mixed funds, and 1 flexible allocation fund, indicating strong investor confidence in equity assets [2] Group 3: Fund Issuance Trends - The issuance of stock funds is particularly robust, with 22 products launching this week, more than half of all new funds, including 15 passive index funds and 7 enhanced index funds [3] - Mixed funds maintain a steady pace with 7 new products, primarily driven by 6 equity-mixed funds, while flexible allocation funds offer adaptability in asset allocation [3] - The issuance of Fund of Funds (FOF) remains high, with 5 new FOFs launched this week, reflecting a focus on stable returns, including 4 mixed bond funds and 1 bond fund [3] Group 4: Bond and REITs Funds - The issuance of bond funds remains stable with 4 new products, including 2 passive index bond funds and 2 mixed bond funds, catering to risk-averse investors [4] - Additionally, 1 new public REITs product has been introduced this week, expanding the variety of investment options available [4] Group 5: Issuing Institutions - The 39 new funds are launched by 30 different public fund institutions, with notable contributions from 9 institutions, each launching 2 products, while the remaining 21 institutions each issue 1 product [4]

Core Insights - The Shanghai Composite Index has reached a new high for the year, but the issuance of public mutual funds has significantly cooled down [1][4] - The total number of public mutual funds issued this week is 25, reflecting a week-on-week decrease of 16.67% [1][2] - Despite the decrease in the number of new fund issuances, the average subscription period has shortened to 21.92 days, indicating improved fundraising efficiency [1][4] Fund Issuance Breakdown - Among the 25 newly issued funds, equity funds remain the dominant category, with 20 funds accounting for 80% of the total [2][4] - Specifically, there are 11 stock funds, with passive index funds leading the issuance, and 9 equity mixed funds [2][4] - Only 2 bond funds were issued this week, maintaining the previous week's level, representing 8% of the total new fund issuance [3] QDII Fund Activity - There has been a slight recovery in QDII fund issuance, with 1 new QDII fund launched this week, marking the second consecutive week of such issuances [4] - A total of 22 public fund institutions participated in new fund issuance this week, with 20 institutions issuing only 1 new fund each [4] - Notably, Huaxia Fund led the issuance with 3 new equity funds, while Bosera Fund followed with 2 new equity funds, reinforcing the trend of equity funds being the primary focus for public fund institutions [4]

Group 1 - The public fund issuance has seen a significant increase in the first week of September, with 42 new funds launched, representing a 44.83% week-on-week growth [1][2] - The average subscription period for the newly launched funds has decreased to 14.52 days [1] - Among the new funds, equity funds are in high demand, with 32 equity funds launched, including 26 stock funds and 6 mixed equity funds, accounting for 76.19% of the total [3] Group 2 - Passive index funds are gaining popularity, with 17 out of 26 newly launched stock funds being passive index funds, making up 65.38% of the new stock funds [4] - The increase in fund issuance is attributed to a favorable market environment, with positive A-share performance boosting investor sentiment and leading to more capital flowing into public funds [4] - Regulatory support and a shift in investment attitudes among residents towards stock markets and public funds have also contributed to the growth in public fund issuance [4]

Core Insights - The public fund market in August saw a significant increase in new fund launches, with 157 new funds initiated, marking a 5.37% month-over-month increase and setting a new monthly record for the year [1] - Equity funds dominated the new fund issuance in August, accounting for 79.62% of the total, with 125 equity funds launched [2][3] - The popularity of index funds remains strong, with passive index funds and enhanced index funds making up over 90% of the newly launched stock funds [3] Fund Type Analysis - In August, 67 passive index funds were launched, representing 42.68% of the total new funds, while 26 enhanced index funds accounted for 16.56% [2] - The issuance of bond funds decreased significantly, with only 22 new bond funds launched, reflecting a 31.25% decline from the previous month [3] - FOF (Fund of Funds) funds experienced a notable recovery, with 6 new FOF funds launched, representing a 500% increase month-over-month [4] Institutional Activity - A total of 65 public fund institutions launched new funds in August, with 42 institutions issuing 2 or fewer new funds [4] - Bosera Fund led the industry with 8 new fund launches, primarily in equity funds, followed closely by Huaxia Fund, Huitianfu Fund, and Zhongou Fund, each with 7 new funds [4] - The overall increase in fund issuance is attributed to the strong performance of the A-share market, which has created a favorable environment for new product launches [4] Investor Sentiment - The recent strong performance of public funds has enhanced investor confidence, leading to increased participation and capital inflow [5] - The recovery in net asset values of equity funds has significantly improved investor recognition of public funds [5] - Fund management institutions are actively seizing market opportunities to increase the supply of equity products, further driving the growth of public fund issuance [5]

Group 1 - The core viewpoint of the articles highlights a significant increase in public fund issuance in August, driven by a robust A-share market performance and strong investor interest in equity funds [1][2] - In August, a total of 157 new public funds were launched, marking a 5.37% increase from July and setting a new monthly record for the year [1] - Equity funds dominated the new fund issuance, with 125 out of 157 funds being equity-based, accounting for 79.62% of the total [1] Group 2 - The strong performance of the A-share market, particularly the continuous rise of the Shanghai Composite Index, created a favorable environment for public fund issuance [2] - The positive earnings of public funds have significantly boosted investor enthusiasm, leading to sustained capital inflows [2] - Fund management institutions have actively increased the supply of equity products to capitalize on market opportunities, further driving the growth of public fund issuance [2] Group 3 - The bond market has seen a decline in fund issuance, with only 22 bond funds launched in August, a 31.25% decrease from the previous month, attributed to the lackluster performance of the bond market compared to equities [1] - Starstone Investment suggests that while the economic fundamentals remain weak, the end of the PPI downcycle and deflationary period provides a foundation for market rallies [2] - The investment community is optimistic about potential opportunities in various sectors as the domestic economic fundamentals are expected to show a significant turning point in the next year to year and a half [2]

Group 1 - The market welcomed 39 new funds this week, with 31 funds launched on Monday alone, including various types such as active equity, ETFs, and bond ETFs [1] - The first batch of 10 sci-tech bond ETFs received significant attention, with seven products sold out within half a day, indicating high demand [1] Group 2 - Equity funds remain the main focus in the new fund issuance market, with the total scale of public funds remaining above 32 trillion yuan, marking a historical high [2] - In the first half of 2025, 387 new stock funds were established, with a total issuance of 188.06 billion units, accounting for 35.46% of new funds, reaching a near four-year high [2] - Passive index equity funds accounted for 90% of the new stock funds issued this year, highlighting their dominance in the market [2] Group 3 - Notable public institutions that launched over 20 new funds in the first half of the year include Huaxia Fund, GF Fund, and Penghua Fund, primarily focusing on passive index equity funds [3] Group 4 - The competition in the ETF market is intensifying, with ten leading public funds participating in the issuance of sci-tech bond ETFs, compressing the fundraising period to one day with a cap of 3 billion yuan [4] - The issuance of bond ETFs has seen rapid growth, with 29 bond ETFs in the market surpassing 380 billion yuan in scale and net inflows reaching 178.9 billion yuan, accounting for over 60% of the ETF market [5]