Group 1 - The core viewpoint of the articles indicates a significant increase in the issuance of public funds in the first three quarters of the year, with a total issuance scale of 912.907 billion yuan, representing a year-on-year growth of 4.54% [1][3] - Equity funds have overtaken bond funds as the main contributors to new issuances, with equity funds accounting for 47.99% of the total issuance, while bond funds accounted for 43.12% [3][4] - The largest single fund issued this year is the "Oriental Red Yingfeng Stable Allocation 6-Month Holding Period Mixed Fund (FOF)" with a total issuance scale of 6.573 billion yuan [3] Group 2 - The total scale of public funds has been on the rise, surpassing 36 trillion yuan, with equity funds showing significant growth, particularly stock funds which increased by 12.76% to reach 5.55 trillion yuan [4] - A total of 132 new funds ended their fundraising early during the third quarter, indicating strong market demand [5] - The current trend of new equity fund issuance is expected to continue, driven by a strong capital market and improved investor sentiment, particularly in sectors like technology and Hong Kong stocks [6][7]

前三季度即将收官，公募基金最新发行情况随之揭晓。公开数据显示，截至9月29日，年内公募新发规模达9129.07亿元，同比增长4.54%。对比去年同期来 看，权益类基金已取代债券型基金成为新发"主力军"，新发规模占比达47.99%。单只产品来看，截至当前，年内发行规模最大的新基金达65亿元，还有多只 主动权益类基金在三季度新发期间一日售罄。有业内人士指出，随着资本市场走强，A股的牛市吸引居民储蓄通过买基金入市，预计随着行情上涨，后续公 募新发效应会更好，回暖的态势也有望延续。 前三季度新发规模同比增长 前三季度公募发行规模出炉。Wind数据显示，截至9月29日，年内公募新发规模合计达9129.07亿元，较2024年同期的8732.53亿元增长4.54%。 细分到各类产品来看，包含股票型和混合型的权益类基金年内新发规模达4380.69亿元，占比合计达47.99%。同期，债券型基金的新发规模为3936.67亿元， 占比为43.12%。而去年同期，债券型基金的新发规模占比高达七成，权益类基金占比则不足两成，可以看出，当前权益类基金已经取代债券型基金成为新 发"主力军"。 从单只产品来看，当前年内发行规模最大的为东方红 ...

Core Viewpoint - The recent fund issuance market has continued its recovery from March, with over 100 new funds launched in April, totaling nearly 100 billion yuan in issuance. The total number of new funds established this year exceeds 400, with a combined issuance scale of over 340 billion yuan, nearly half of which are equity funds [1]. Fund Issuance Overview - As of this year, 427 new funds have been established, an increase of 20 compared to the same period last year, with a total issuance scale of 342.46 billion yuan [1]. - The issuance scale of newly established equity funds accounts for nearly half of the total, with 255 new stock funds launched, a year-on-year increase of 70%, totaling 138.77 billion yuan, which represents 40.52% of the total fund issuance, a year-on-year growth of 206.43% [1]. - There are 20 new FOFs with an issuance scale of 23.03 billion yuan, a year-on-year increase of 456.44%, accounting for nearly 7% [1]. - Seven new QDIIs were established with an issuance scale of 4.11 billion yuan, a year-on-year growth of 74% [1]. - The issuance scales for 61 mixed funds and 77 bond funds were 20.19 billion yuan and 152.86 billion yuan, respectively, accounting for 5.89% and 44.64%, both showing a year-on-year decline [1]. Index Fund Performance - A total of 271 index funds have been issued with a combined scale of 190.18 billion yuan, accounting for nearly 56%, showing a year-on-year growth of nearly 26% [2]. - Among these, passive index stock funds and enhanced index stock funds account for over 240 funds with an issuance scale exceeding 100 billion yuan [2]. - The largest single index fund issued is the Huaxia Shanghai Stock Exchange Sci-Tech Innovation Board Comprehensive ETF Link, with a scale of nearly 5 billion yuan [2]. Market Outlook - Public fund institutions are generally optimistic about future opportunities in the equity market. Looking ahead to the second quarter, it is noted that with rising expectations of interest rate cuts in the U.S. and increasing recession fears, investors should pay attention to the potential return of foreign capital [2]. - In terms of asset allocation, a "dividend + technology growth" barbell strategy is recommended for A-shares [2]. Investment Themes - The investment themes for the second quarter include three main lines: dividend defense during market fluctuations, technological advancements in emerging industries, and sectors benefiting from domestic demand policies [3]. - In the initial phase of the second quarter, the market is entering a period of fluctuations, suggesting a focus on defensive strategies in sectors such as utilities and banking [3]. - For technological advancements, attention should be given to innovations in AI applications, including humanoid robots, while also considering investment opportunities in sectors benefiting from policy stimuli and cyclical consumption [3].