Group 1 - The core viewpoint of the articles highlights a significant trend in the fund market, where a large number of newly established funds are rapidly increasing their stock positions to seize market opportunities during the spring season [1][3] - As of February 6, 2023, out of 282 newly established funds, 81 have announced early closure of fundraising, indicating a shift in strategy to quickly deploy capital [1][3] - Active equity funds have shown notable net value fluctuations shortly after their establishment, with some funds achieving returns of 1.46% and 1.15% within a few weeks [1] Group 2 - Passive products, particularly ETFs, are also building positions rapidly, with some ETFs reaching stock asset ratios of 97.21% and 95.80% just before their listing [2] - The resurgence of "proportional allotment" in fund subscriptions reflects a strong demand for new funds, as seen with the Penghua Fund's rapid scale limit being reached [2][3] - Analysts suggest that the current favorable policies and abundant liquidity in the A-share market are encouraging quick positioning by fund managers, allowing them to capture low-risk opportunities [3] Group 3 - The phenomenon of early fundraising closures provides new funds with more market opportunities, allowing fund managers to quickly access capital and make timely investments [3] - The influx of incremental funds from both residents and institutions supports the issuance of new funds, enhancing the overall market liquidity [3] - Industry experts recommend that investors focus on the research capabilities of fund managers and product suitability rather than merely chasing fast-building and high-heat products [4]

本报记者 彭衍菘 Wind资讯数据显示，截至2月6日，年内新成立的282只基金中，有81只基金宣布提前结束募集。而且，大量次新基金在成 立后迅速提升股票仓位。从净值波动情况可见，基金经理们正"火速"将募集资金转化为实际持仓，抢抓春季行情与结构性机会 的建仓窗口期。 多只年内成立的主动权益类基金在短短数周内净值已出现明显波动。例如，国泰海通低碳经济睿选A成立于1月20日，截至 2月6日，其成立以来收益率已达1.46%；平安港股通均衡配置A成立于1月13日，同期收益率也达到近1.15%。这意味着，在成 立不足一个月的时间里，上述基金的基金经理已完成核心仓位的构建并开始捕捉市场收益。发行规模达49.16亿元的华宝优势产 业混合A，在1月27日成立后，截至1月30日净值也已实现0.26%的正增长。 被动型产品的建仓步伐更为迅猛。按规定，ETF需在上市前完成建仓。梳理ETF上市公告书可见，部分ETF在建仓末期时 仓位几乎"拉满"。例如，富国中证智选船舶产业ETF在2月6日上市前夕，股票资产占比已达97.21%；易方达中证全指食品ETF 在上市前一日，股票仓位也高达95.80%。这种高效建仓，反映出基金管理人对相关主题赛 ...

基金经理郑英亮曾在海通证券从事证券研究分析工作。2017年11月加入华宝基金管理有限公司，担 任高级分析师。2021年12月31日起任基金经理。 | 基金募集申请获 | | | | | | --- | --- | --- | --- | --- | | 中国证监会核准 | | 证监许可【2025】2637 号文 | | | | 的文号 | | | | | | 基金募集期间 | | 从2026年1月5日至 2026年1月23日止 | | | | 验资机构名称 | | 容诚会计师事务所(特殊普通合伙) | | | | 募集资金划入基 金托管专户的日 | | 2026年1月27日 | | | | 期 | | | | | | 募集有效认购总 | | 61, 253 | | | | 户数(单位:户) | | | | | | 份额级别 | | 华宝优势产业混合 A | 华宝优势产业混合 C | 合计 | | 驻斯期间净认购 | | | | | | 金额(单位:人民 | | 4. 913, 565, 116. 16 | 860,683, 465, 95 | 5.774.248,582.11 | | 币元) | | | | ...

Core Insights - The first trading day of 2026 saw the launch of 28 new funds, marking the beginning of the year's fund sales [1] - The trend of active fund issuance continues from 2025, with a total of 46 new public funds expected to be launched in the week, predominantly equity funds [2][3] Fund Issuance Overview - In 2025, a total of 1,549 new funds were established, raising over 1.2 trillion yuan, making it the second-highest year in history for new fund issuance [3] - Equity funds, including stock and mixed funds, accounted for over 1,100 new funds and raised more than 620 billion yuan, representing over half of the total issuance [3] - Bond funds also performed well, with 263 new funds launched, raising nearly 444 billion yuan [3] - FOF products gained traction, with 89 new funds established, totaling over 84.5 billion yuan [3] Competitive Landscape - Leading fund management firms were particularly active in the issuance market in 2025, with E Fund launching 68 new funds, the highest in the industry [3] - Following closely, Fortune Fund launched 64 new funds, while Huaxia Fund and Huitianfu Fund each launched over 50 new products [3] - In terms of total established funds and asset scale, Huaxia Fund led with 73 new funds and approximately 100.7 billion yuan in net asset value, while E Fund ranked second with 84.5 billion yuan [3]