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业绩回暖催热股基发行,下半年机构主攻指数与“固收+”
Di Yi Cai Jing· 2025-07-01 13:08
Core Insights - The issuance of equity funds has reached a ten-year high, with stock funds accounting for 35.46% of total issuance, the highest proportion in nearly a decade [1][3] - The market for public funds has seen a resurgence, particularly in equity funds, driven by improved performance and market conditions [2][3] - Index products, especially ETFs, are the primary focus for many large fund companies in their upcoming strategies [1][5] Fund Issuance Trends - As of June 30, the A-share market has rebounded by 11.23%, leading to a significant improvement in equity fund performance, with over 80% of 7216 comparable equity funds achieving positive returns in the first half of the year [2][3] - In June alone, 155 new funds were issued, raising a total of 122.12 billion yuan, marking a significant increase of 86% from the previous month [2] - The number of newly established equity funds reached 387, with a total issuance of 188.06 billion yuan, a 1.83 times increase compared to the same period last year [3] Focus on Index and "Fixed Income +" - Currently, over 70% of the funds being issued or planned are equity products, with index products being particularly favored [5][6] - Fund companies are focusing on innovative index products, including those related to hard technology and diversified asset allocation [6][7] - "Fixed Income +" products are also gaining traction due to their ability to balance returns and investor experience in volatile markets [6][7] Market Outlook - As the market enters the second half of the year, institutions are expected to continue focusing on index and "Fixed Income +" products, with many companies planning to launch new funds [4][5] - Some companies are exploring innovative product directions and considering the issuance of bond funds, indicating a diversification strategy [7]