Core Viewpoint - This week, 23 new funds are being launched, primarily focusing on equity funds, as fund companies aim to capitalize on the recovering A-share market [2][3]. Fund Issuance Overview - A total of 23 public funds are being issued this week, with a significant emphasis on equity products. Among these, 10 are actively managed equity funds and 10 are index funds [3]. - The newly launched active equity funds include 8 mixed equity funds, 1 stock fund, and 1 balanced fund, featuring products from well-known fund managers [3]. Investment Themes - The newly issued active equity funds are primarily targeting popular themes or industries such as resources, high-end equipment, and technology growth. For instance, the West China Fund's specialized quantitative stock selection fund, managed by a seasoned quant manager, aims to invest in specialized and innovative enterprises [3][4]. - The Xin'ao High-end Equipment Fund, also launched this week, focuses on high-end equipment, aligning with national strategic development goals. The fund manager anticipates significant improvements in the defense and military industry due to recovering demand and optimized production capacity [4]. Index Fund Variety - The index funds being launched include a range of enhanced index funds and popular sector ETFs, such as those focusing on the technology and photovoltaic industries [5]. Recent Fund Performance - Several funds from the previous week have attracted significant capital, with the Huatai-PB Yingtai Stable 3-Month Holding Mixed FOF raising over 5.5 billion yuan in just one day [7]. - The active equity fund from Zhongou Fund raised nearly 2 billion yuan in its first day of issuance, indicating strong investor interest [7].

Core Viewpoint - The newly launched Huaxia Yingtai Stable Six-Month Holding Period Mixed Fund of Funds (FOF) aims to provide a diversified asset allocation tool for investors in a volatile market, addressing challenges such as maintaining returns, capturing market trends, and stabilizing holdings [1][2]. Group 1: Product Features - The fund is designed with a "stable" core positioning, focusing on long-term asset appreciation while strictly controlling risks through professional asset allocation strategies and a comprehensive fund selection system [1][3]. - It employs a dual framework of "diversified asset allocation + risk parity model," extending its asset allocation to various fields including stocks, bonds, and commodities, while dynamically combining strategic and tactical asset allocations to broaden sources of returns [1][3]. - The product features flexible positioning, allowing adjustments to equity asset ratios to enhance defensive attributes during market downturns and capitalize on opportunities when market trends improve [2]. Group 2: Management and Strategy - The proposed fund manager, Li Xiaoyi, has 10 years of experience in the securities industry, focusing on asset allocation research and portfolio management, with a strong theoretical foundation and practical experience [2]. - Huaxia Fund has established an asset allocation department since 2016, managing various types of allocation-based investment operations, including FOFs, and has developed a comprehensive product line covering different FOF types [3]. Group 3: Market Context - The current market environment is characterized by a dual backdrop of "residential assets migrating to financial markets and increased market volatility," positioning FOF products as a core tool for resident asset allocation [3]. - FOF products can effectively reduce overall portfolio risk by allocating to assets with low or even negative correlations, promoting the investment "efficient frontier" towards higher returns and lower risks, thereby creating more stable long-term returns for investors [3].