Core Insights - The recent recovery in the equity market has prompted many newly established funds to enter the market, with 28 floating-rate funds launched by August 22, showing a maximum weekly return of nearly 8% [1][2] - The current market sentiment is high, leading to rapid positioning by new funds, but caution is advised due to potential volatility from profit-taking [1][5] Fund Performance - The first two batches of floating-rate funds have shown significant signs of positioning, with all 28 funds fully invested by August 22. Eight funds reported returns exceeding 2%, with the highest being 7.81% for the fund established on June 19 [2][3] - Funds established in July exhibited greater net value fluctuations, indicating higher positioning levels, with some funds achieving weekly returns of up to 7.70% [3] ETF Activity - In addition to active equity funds, newly launched ETFs have also increased their stock positions, with 26 ETFs listed since August, rapidly raising their stock allocations shortly after their announcements [4] - For instance, the E Fund ChiNext 50 ETF, launched on August 13, had 94.41% of its assets allocated to index constituents by August 20 [4] Market Dynamics - The current market conditions favor accelerated positioning by fund managers, particularly in a rising market, while caution is exercised in downturns [5] - The influx of new capital from individual investors and the increase in domestic savings, which reached approximately 161 trillion yuan, are significant factors influencing market dynamics [6] Cautionary Notes - Despite the positive market sentiment, some fund managers express caution due to the potential for profit-taking among popular assets, which could lead to volatility [7]