本周21只新基金发行 具体来看，周一（11月24日）是新基金发行的关键日，本周21只新发基金中15只扎堆在周一发行，占本周新基金的七成以上；周二、周五无新基金启动募 集，周三、周四分别有2只、4只基金开始认购。 从认购天数来看，本周新基金中，认购天数最长为三个月，来自恒生前海成长动力、大摩添益等。中邮北证50成份指数增强、招商资管中证机器人指数紧 随其后；富国稳健双景认购天数为21天；国联稳健鑫益、东方红中证全指指数增强等认购天数为19天。 整体来看，21只新基金平均认购天数为23.29天，较此前有所拉长。 业内认为，这或与近期市场行情步入调整有关。尤其上周，在美联储降息预期减弱、全球流动性收缩，以及地缘政治冲突等因素影响下，全球股市出现较 大波动。 【导读】本周21只新基金启动募集，权益基金为主力 本周（11月24日—11月28日）5个交易日，将有21只新基金登台亮相，面向投资者公开发行。市场步入调整期，权益基金虽仍为新基金发行主力，但占比 较此前有所下滑，多只"固收+"品种强势登场。 从基金类型看，本周新基金中权益类基金仍是主力军，共有11只基金属于此类型，占本周新基金总数的半数以上，但占比相对此前有所下 ...

而发起式基金的发行显然为今年股票型基金发行数量创历史新高作出了贡献。截至11月11日，年内股票型基金以761只的发行量创下历史纪录，较2024年全 年的470只大增62%。在这761只股票型基金中，被动指数型基金有568只，增强指数型基金有167只，两者合计735只，占股票型基金发行比例高达97%。这 意味着今年股票型基金的发行基本上是以指数型基金为主。 不过，尽管新基金发行数量多，但基金发行规模却偏小，呈现为"小而多"的特点。新基金募资规模普遍较小。截至11月11日，年内基金发行总规模约9653亿 元，为2019年以来的新低。同时，年内新基金的平均募集规模仅为7.82亿元。2020年—2024年这一数据分别为21.94亿元、14.92亿元、10.53亿元、9.08亿 元、10.59亿元，均远高于今年基金的平均募集规模。 在"小而多"的特色下，今年发起式基金较为盛行。年内共有334只新基金采用发起式形式设立，占比约四分之一，且多为股票型基金。而发起式基金最大的 优势就是成立的门槛较低，只需要5000万的规模就可以宣告成立。因此，今年发起式基金盛行正好符合了"小而多"的特色。 那么，如何看待今年新基金的发行呢？ ...

Summary of Key Points Core Viewpoint - This week, 33 new funds are set to launch, with equity funds making up two-thirds of the total offerings, reflecting a strong interest in equity investments amid market fluctuations [1][4]. Fund Launch Details - A total of 26 out of the 33 new funds will start issuing on Monday, November 17, accounting for 78.79% of the week's new funds. The average subscription period for these new funds is 21.27 days, which is longer than previous periods, likely due to recent market conditions [2][4]. - The longest subscription period is for the China Aviation Xiangtai 6-month closed fund at 89 days, while the shortest is for the浦银安盛港股通消费 and 广发上证科创板100增强策略ETF联接 at just 5 days [2]. Fund Types and Goals - Among the new funds, 22 are equity funds, representing two-thirds of the total. There are 10 index equity funds, with two tracking the CSI 500 index. The funds also include a variety of themes such as high dividend and technology growth [4][5]. - 18 of the new funds have specified fundraising targets, with five aiming for 8 billion units. The lowest target is set at 1 billion units for two specific funds [3]. Fixed Income and FOF Products - In the fixed income category, only 7 new bond funds are being launched, indicating a decline in interest for pure bond funds as equity markets recover. However, "fixed income plus" funds are gaining traction [6][7]. - Four mixed-asset FOF products are also being introduced this week, reflecting a growing investor preference for diversified investment strategies. The average return for FOFs that have been established for over six months is 14.29% [8][9].

股基数量较去年全年大增近六成，其中指数型基金占比约九成 【深圳商报讯】（记者 陈燕青）今年以来，随着A股的走强，新基金发行有所回暖。根据统计，以认购 起始日计算，截至11月10日，本月已有近百只基金发行，今年以来新发基金达1371只（含已定档尚未发 行），有望创出近年新高。 数据显示，按成立日计算，今年股票型基金已成立720只，较去年全年大增近六成；从发行份额占比来 看，以基金成立日计算，今年股票型基金发行份额占比37%，较去年全年大幅提升，成为新发市场的重 要增量，其中指数型基金贡献了绝大部分增量。 根据统计，以认购起始日计算，本周有39只新基金安排发行，较前一周环比增长5.41%，实现连续两周 增长。同时，本周新基平均募集天数降至16.92天，较前一周明显缩短，显示市场热度回升。 数据显示，按照认购起始日统计口径，已定档于今年新发的基金数量1371只，有望创出近年新高。2022 年至2024年，新成立基金家数分别为1424只、1266只、1143只。从目前来看，2025年还有最后一个半 月，新基金发行数量有望超过2022年。 随着沪指冲上4000点，本月市场再度出现一日售罄基金。鹏华启航量化选股混合因募集 ...

Core Insights - The public fund issuance has significantly increased since November, with 35 new funds expected to launch this week, up from 27 the previous week, indicating a growing market enthusiasm [1] - The average subscription period for new funds has shortened to 19 days, reflecting enhanced investor willingness and accelerated capital inflow [1] - Three main drivers are identified for this trend: improved overall A-share market conditions, a shift in residents' financial management attitudes towards public funds, and the positive effects of recent policies [1] Fund Types - Equity funds dominate this week's issuance, with 26 new funds launched, including 16 stock funds, of which 13 are passive index funds, highlighting strong market interest in equity investments [1][2] - Mixed funds saw the issuance of 10 new funds, all of which are equity-oriented, allowing fund managers flexibility in adjusting stock-bond allocations based on market conditions [2] - FOF (fund of funds) products have also seen a rise, with 5 new products launched, matching the highest weekly issuance record for the year, driven by investor demand for low-volatility and diversified fund options [2] Issuing Institutions - A total of 25 public fund institutions launched new funds this week, with 18 institutions issuing one fund each and 7 institutions issuing two or more [2] - E Fund led the issuance with 4 new products, primarily focusing on passive index stock funds, followed by Huatai-PineBridge with 3 new products [2]

Core Insights - The new fund issuance market remains active, with 29 new funds launching this week, indicating a positive attitude from fund companies towards current market conditions [1] - Equity funds dominate the issuance market, accounting for over 80% of new funds, with a notable increase in the average subscription period to 28.79 days, reflecting cautious market sentiment [1][3] Fund Types and Trends - Among equity funds, index funds, particularly ETFs and their linked funds, represent a significant portion, with 15 new funds launched, highlighting strong demand for low-cost, transparent investment products [3] - The Hong Kong stock market has emerged as a focal point, with several index funds targeting this market, providing investors with convenient tools for investment [3][4] - In contrast, bond fund issuance has cooled, with only 3 new bond funds launched this week, attributed to recent adjustments in the bond market [3][4] Investment Strategies - The market shows a demand for stable investment options, as evidenced by the launch of two mixed-FOF products aimed at risk-averse investors, offering a one-stop asset allocation solution [4] - Overall, the new fund issuance landscape is characterized by a dominance of equity funds, a focus on index products, and clear investment themes, as fund companies innovate to meet diverse investor needs in varying market conditions [4]

Group 1 - The core point of the article is that 29 new funds were launched for subscription this week, with equity funds remaining the dominant type [1][4] - A total of 29 new funds were issued this week, with 26 of them launched on Monday, accounting for nearly 90% of the total [2][3] - The average subscription period for the new funds this week was 28.79 days, which is significantly longer than previous periods, likely due to recent market adjustments [3] Group 2 - Among the new funds, 24 were equity funds, making up over 80% of the total, with 11 being index funds and 4 enhanced index funds [4] - There were 8 actively managed equity funds, all of which were mixed funds, with 7 being high-equity mixed funds [5] - Only 3 bond funds were launched this week, indicating a slowdown in bond fund issuance due to recent market adjustments [5] Group 3 - The new funds included 2 mixed FOFs, both of which are characterized by a conservative investment style [6] - The longest subscription period among the new funds was 3 months, while the shortest was 5 days for two passive index funds [2][3] - The fundraising targets for the new funds varied, with 3 funds aiming for 8 billion units and the lowest target set at 500 million units [3]

Core Viewpoint - The public fund industry is experiencing a significant increase in new fund issuance in the fourth quarter, driven by favorable macroeconomic conditions and supportive policies [1][2][3]. Group 1: New Fund Issuance - As of October, 94 new funds have been established, indicating a clear upward trend in new fund issuance [1]. - The issuance of new funds is crucial for the equity market as it directly influences the supply of funds [1]. Group 2: Policy Support - Regulatory bodies are emphasizing the importance of long-term investment and have simplified the approval process for new funds, enhancing issuance efficiency [1]. - Policies encouraging long-term capital inflow, such as increasing allocations from social security and pension funds to A-shares, create a favorable environment for new fund issuance [1]. Group 3: Market Attractiveness - The A-share market is becoming increasingly attractive due to improving corporate earnings and relatively low valuations compared to global markets [2]. - Structural opportunities in emerging industries like new energy, semiconductors, and biomedicine are providing investors with numerous high-quality investment targets [2]. - The ongoing internationalization of the A-share market and continuous foreign capital inflow are enhancing market activity and appeal [2]. Group 4: Product Innovation - The public fund industry is innovating continuously, introducing various fund types, including ETFs and quantitative funds, to meet diverse investor needs [3]. - Innovative fund products cater to different risk preferences and investment goals, stimulating new asset allocation demands and contributing to increased capital inflow into the A-share market [3]. Group 5: Outlook - The trend of new fund issuance is expected to continue in the fourth quarter, providing strong support for the stable development of the capital market and creating more investment opportunities for investors [3].

Core Insights - The recent surge in new fund issuances, with 51 new funds launched and 82% being equity products, signals a potential market recovery, but underlying patterns suggest caution [1][11][12] Fund Issuance Overview - A total of 51 new funds were launched in the first trading week after the National Day holiday, with 31 funds starting their fundraising on the same day [1] - Equity products accounted for 82% of the new fund offerings, indicating a strong interest in this asset class [1][11] Market Behavior and Trends - Historical parallels are drawn to the 2007 bull market, where similar patterns of fund issuance were observed, suggesting that current enthusiasm may not be sustainable [1][12] - The market has seen a strong recovery since April, with the banking sector rising over 12% and micro-cap stocks increasing by 35% [3] Investment Strategies and Risks - The current earnings season is highlighted as a critical period where stock performance becomes closely tied to earnings reports, but this can also lead to misleading market movements [5][6] - The concept of "fake drops" and "real declines" is introduced, emphasizing the need for investors to be wary of market manipulations that can mislead retail investors [5][6] Data-Driven Investment Approach - The importance of using quantitative data to analyze market trends and fund performance is stressed, as it can reveal underlying truths that are not apparent through traditional analysis [11][12] - Investors are advised to remain calm amidst market excitement and focus on data-driven decision-making rather than emotional reactions [12][13]

Core Insights - The first complete trading week after the National Day holiday saw a high enthusiasm for new fund issuances, with 51 new funds launched for public offering from October 13 to October 17 [1] Fund Issuance Overview - On Monday, October 13, 31 out of the 51 new funds were issued, accounting for 60.78% of the week's total [2] - No new funds were launched on Tuesday, while Wednesday, Thursday, and Friday saw 12, 4, and 4 funds respectively starting subscriptions [2] - The longest subscription period was 21 days for the Huaxia SSE 180 ETF Connect, while the shortest was 2 days for two public REITs [2][4] Subscription Trends - The average subscription period for the new funds was 12.59 days, significantly shorter than previous periods [3] - A total of 27 out of the 51 new funds specified their fundraising targets, with 8 funds aiming for 8 billion units [4] Fund Types and Composition - Equity funds dominated the new issuances, with 42 out of 51 funds classified as equity funds, representing 82.35% of the total [5] - Among equity funds, 28 were index equity funds, making up 66.67% of the equity category [5] - Several new funds tracked indices related to the Hong Kong Stock Connect and the STAR Market, indicating a diverse range of investment strategies [5] Market Sentiment and Future Outlook - The increase in new fund issuances is attributed to positive market sentiment and expectations, with many equity funds ending their subscription periods early [4][6] - The bond fund market has seen a decline in issuance, with only 3 new bond funds launched, reflecting a shift in investor preference towards equity products [6] - Industry experts anticipate continued improvement in the new fund issuance market, particularly for equity products, if the market remains favorable [6]