Group 1 - Public fund net subscriptions for equity funds reached 2.1 billion yuan in November, with total net subscriptions exceeding 4.5 billion yuan for the year, more than double the amount from the same period last year [1][3] - Fund managers are increasingly purchasing their own funds, demonstrating confidence in the market and aligning their interests with investors [1][2] - The trend of self-purchase by fund companies is rising, with significant amounts being invested in newly launched equity funds, indicating a strategic move to enhance brand exposure and attract external investments [2][3] Group 2 - Three factors contributing to the increase in self-purchase include regulatory changes, strong market performance, and industry dynamics [3][4] - The China Securities Regulatory Commission's new guidelines have encouraged self-purchase behavior among public funds, making it a more normalized practice [3] - The performance of equity funds has been strong, with stock fund indices rising over 25% this year, further motivating fund managers to invest in their own products [3][4]