范妍接手之前，富国稳健增长还是一只小基金。 富国稳健增长早在2021年4月28日就已经成立，到范妍接手之前3年多时间里，前任基金经理的任职收益 为-34.15%。业绩长期低迷，规模也从最初的14.63亿元，缩水至2024年二季度末的5.2亿元。 范妍接手当个季度，规模便增长至34.09亿元，此后规模持续增长，到2025年三季度末，已涨至104.24亿 元。 规模如此大幅度增长，要归功于机构的买入。该基金2024年年报显示，年末机构持有该基金的比例高达 72.28%，到今年二季度末，机构持有比例更是进一步上升至80.64%。而在范妍接手之前，该基金的机 构持有比例一直为零。 机构追捧之下，富国基金趁热打铁，分别在今年6月4日和11月5日，连续为范妍量身打造了两只新基金 ——富国均衡投资和富国兴和。 01、"吸金猛将"规模大涨百亿 随着今年基金业绩回暖，管理规模超百亿元的主动权益基金经理又多了起来。 天相投顾数据显示，继2024年一季度百亿级基金经理人数跌破100大关之后，直到今年三季度，该人数 才又重新回到100之上。其中一些基金经理的管理规模实现爆发式增长，比如富国基金经理范妍的管理 规模，在短短一年零一个多 ...

Core Viewpoint - The article discusses the recent trend of actively managed equity funds in China experiencing rapid fundraising success, with several funds selling out on the first day of offering, indicating strong market demand and investor confidence in fund managers like Lan Xiaokang [1][3][9]. Fundraising Trends - On November 13, China Europe Fund announced that its new fund, Zhongou Xinyue Return One-Year Holding, reached its fundraising cap of 1.5 billion yuan (approximately 15 billion) on the first day, leading to a decision to close the fundraising period early [1][3]. - This trend of "one-day sell-out" funds has continued, with three actively managed equity funds achieving this status in November alone, following a similar occurrence in October [3][10]. Fund Size and Management Intent - Unlike previous "one-day sell-out" funds, the recent funds have generally been smaller in size, reflecting a deliberate strategy by fund companies to control fundraising amounts [4][11]. - The peak fundraising size for the newly launched funds this year has been capped at 5 billion yuan (approximately 50 billion), with most funds ranging between 1 billion to 3 billion yuan [11]. Performance of Fund Manager - Lan Xiaokang, the proposed fund manager for Zhongou Xinyue Return One-Year Holding, has seen significant success, managing over 22.8 billion yuan (approximately 228.39 billion) in public funds as of September, marking a growth of over 40% from the previous quarter [7][8]. - His long-term fund, Zhongou Hongli Youxiang, has achieved a return of 180.95% over more than seven years, ranking 122nd among 1,503 similar products [6][8]. Market Dynamics - The article notes that the frequency of one-day sell-out funds has increased, with a total of seven actively managed equity funds achieving this status in 2023, compared to only a few in previous years [10][11]. - The market has shown strong support for these funds, with significant inflows indicating investor confidence in the management and performance of these funds [7][9].

Core Insights - The fund issuance market is experiencing a resurgence, with multiple funds completing their fundraising on the same day they are launched, indicating a return of the "daylight fund" phenomenon [1][3][6] Group 1: Fund Issuance Trends - The recent trend of "daylight funds" is attributed to improved liquidity, restored investor confidence, and the benefits of regulatory reforms [1][6] - Several active equity funds, including those from E Fund and Fortune Fund, have ended their fundraising early due to high demand, reflecting a significant increase in investor interest [1][3] - Notable examples include the Penghua Qihang Quantitative Stock Selection Plan, which raised 3.1 billion yuan in one day, and the Fortune Xinghe fund, which attracted 3.6 billion yuan on its launch day [3][4] Group 2: Market Conditions and Investor Sentiment - The re-emergence of "daylight funds" serves as an important indicator of recovering market sentiment, driven by a stabilization of A-share valuations and improved economic data [6][7] - The Shanghai Composite Index's rise above 4,000 points has bolstered investor confidence in the equity market, leading to a surge in new fund issuances [6][7] - Investors are increasingly recognizing the value of active management over passive strategies, particularly as funds from reputable companies and managers gain traction [6][7] Group 3: Fee Structure Reforms - Recent reforms in public fund fee structures have created new opportunities for fund issuance, with many companies lowering management and custody fees, thus reducing the cost for investors [6][7] - The new regulations encourage fund companies to build brand credibility through long-term performance and investor returns, enhancing product line management and research transparency [6][7]

此外，中欧价值领航、鹏华制造升级及易方达港股通科技等多只 基金 产品，也相继在首发期提前结束募集， 募集规模均在20亿元左右。短短一个多月，多家基金公司相继迎来"一日售罄"的场面。 临近年末，基金发行市场再掀热潮。 11月13日，中欧鑫悦回报一年持有发布公告，该基金在启动当日即完成募集，成为11月以来又一只"日光基"。 四季度以来，主动权益基金的发行热度持续升温，易方达基金、富国基金等多家基金公司旗下的主动权益产品 相继提前结束募集。久违的"日光"行情，正在发行端重新上演。 业内人士指出，"日光基"的重现并非孤立事件，而是资金面改善、投资信心修复与制度改革红利共振的结果。 随着A股在4000点附近企稳，结构性机会逐步显现，市场对主动管理价值的再度聚焦，正为公募行业注入新的 活力。 四季度"日光基"频现 11月13日，中欧基金发布公告，中欧鑫悦回报一年持有自2025年11月13日起开始募集，原定募集截止日为11月 26日，现将募集截止日提前至11月13日，即11月13日为本基金的最后一个募集日，自11月14日（含当日）起不 再接受投资者的认购申请。 这只由中欧基金蓝小康管理的偏股混合型产品，在启动当日即完成募集 ...