Group 1 - In July, the public fund issuance saw a resurgence with nearly 150 new funds launched, marking a monthly issuance record for the year [1] - The strong market performance has led to increased investor sentiment, making it easier for fund companies to issue new products [1] - The optimism from fund companies regarding future market performance is reflected in the high issuance enthusiasm [1] Group 2 - As of August 3, over 90 of the 149 newly launched public funds in July have been established, with total fund issuance exceeding 800 billion units [2] - Bond funds dominated the issuance scale, accounting for more than half of the total, with the largest single product being Huatai-PineBridge's 6-month holding fund, which issued 3.741 billion units [2] - The first batch of Sci-Tech Bond ETFs was a highlight, with 10 ETFs collectively issuing over 28 billion units, representing nearly 40% of the total issuance for July [2] Group 3 - Equity fund issuance showed significant recovery, with 81 new stock funds launched in July, nearly 2.8 times that of the same period last year [3] - The issuance scale of stock funds in July was 5.7 times higher than last year, with stock funds accounting for 32.33% of total fund issuance [3] - The total issuance of stock funds in the first seven months of the year exceeded 210 billion, reflecting substantial growth compared to the previous year [3] Group 4 - Looking ahead, the issuance of equity funds is expected to continue to rise, supported by favorable market conditions and policies [4] - Over 60 public funds are scheduled to launch in August, with more than 80% being equity funds [4] - On August 4, 18 equity funds were launched, primarily consisting of actively managed funds [4] Group 5 - A second batch of 12 new floating fee rate products has been approved, including 2 stock funds and 10 mixed equity funds [5] - The new floating fee rate products are expected to align the interests of fund managers and investors, promoting healthy industry development [5] - The regulatory framework encourages leading fund management firms to issue floating fee rate funds, aiming for at least 60% of their active equity fund issuance [5]

Core Viewpoint - In July, the public fund issuance experienced a resurgence, with nearly 150 new funds launched, marking a monthly issuance record for the year, driven by improved market sentiment and investor enthusiasm [1][2] Fund Issuance Overview - A total of 149 public funds were launched in July, with over 90 funds already established by August 3, accumulating over 800 billion units in issued fund shares [1] - The largest single product by issuance was the Huatai-PineBridge Stable Return Fund, which issued 3.741 billion units, with 6,904 effective subscriptions [1] - The first batch of Sci-Tech Bond ETFs was a significant highlight, with 10 ETFs collectively issuing over 28 billion units, accounting for nearly 40% of the total issuance for the month [1] Bond and Equity Fund Trends - Bond funds remained the mainstay of fund issuance, although their issuance volume decreased by over 40% compared to the same period last year, with total issuance for the first seven months being less than half of last year's figures [2] - Conversely, equity fund issuance showed a marked recovery, with 81 new stock funds launched in July, nearly 2.8 times the number from the previous year, and issuance scale increasing by 5.7 times [2][3] Performance of Equity Funds - The highest issuance scale among equity funds was for the index fund, HuaBao CSI 300 Free Cash Flow Link Fund, with a total issuance scale close to 2.7 billion [3] - Several actively managed equity funds also performed well, with multiple funds exceeding 2 billion in issuance [3] - The most popular themes among newly issued equity funds included free cash flow, dividend themes, and sectors like technology, innovative pharmaceuticals, robotics, artificial intelligence, and aerospace [3] Future Fund Launches - Looking ahead, the issuance of equity funds is expected to continue, with over 60 public funds scheduled to launch in August, of which more than 80% are equity funds [4] - On August 1, 10 equity funds were launched simultaneously, featuring well-known fund managers [4] - Additionally, a second batch of 12 new floating fee rate products has been approved, with expectations for these products to become a regular feature in the market [4]

报 告 摘 要 二、开放式公募基金表现 三、基金产品发行情况 上周新成立基金 34 只，合计发行规模为 178.07 亿元，较前一周有所减 少。此外，上周有 19 只基金首次进入发行阶段，本周将有 35 只基金开始 发行。 一 上周市场回顾 1.1 相关热点回顾 一、基金申报发行动态 上周共上报 36 只基金， 和 上上周申报数量 持平 。申报的产品包括 3 只 FOF ， 1 只 QDII ，华宝国证通用航空产业 ETF 、 中证 800 自由现金流 ETF 等 。 1、 自由现金流主题基金申报数量已达 23 只 上周 A 股市场主要宽基指数走势出现分化，沪深 300 、中证 500 、上证 综指指数收益靠前，收益分别为 1.59% 、 1.43% 、 1.39% ，科创 50 、创业板指、中证 1000 指数收益靠后，收益分别为 -1.76% 、 0.97% 、 0.97% 。 从成交额来看，上周主要宽基指数成交额均有所下降。行业方面，上周食品 饮 料 、 煤 炭 、 有 色 金 属 收 益 靠 前 ， 收 益 分 别 为 6.24% 、 4.97% 、 3.33% ，计算机、电子、机械收益靠后，收益分别 ...