Group 1 - The number of newly established stock funds has increased significantly this year, with 720 funds established as of November 10, representing a nearly 60% increase compared to the total for last year [1][2] - The proportion of stock funds in the new fund issuance has reached 37%, marking a substantial increase from the previous year, with index funds contributing the majority of this growth [1][2] - The total number of new funds issued this year is expected to reach a near-record high, with 1,371 funds already established as of November 10 [1] Group 2 - The market has seen a resurgence in fund issuance, with 39 new funds scheduled for release this week, reflecting a week-on-week increase of 5.41% [1] - The average fundraising duration for new funds has decreased to 16.92 days, indicating a rise in market enthusiasm [1] - The top 20 newly issued stock funds this year are all index funds, with the 华夏上证科创板综合ETF联接基金 leading the issuance at 4.892 billion yuan [3]

Core Insights - The new fund issuance market has seen a significant increase, with 37 new funds launched in the week ending November 7, marking a notable rise compared to the previous two weeks [1][3] - The total number of new funds for the year is expected to exceed 1,300, surpassing the total for both 2023 and 2024, reaching a three-year high [1][3] - The majority of new funds are equity funds, with over 90% being index funds, indicating a strong trend towards passive investment strategies [4] Fund Issuance Details - In the week from November 3 to November 7, 2023, 37 new funds were launched, with over 70% of them set to be issued on November 3 [1] - Among the new funds, 19 were actively managed, including 11 equity funds, with a notable presence of Hong Kong Stock Connect and new energy theme funds [1][2] - The number of index funds reached 18, covering various sectors such as state-owned enterprises, dividends, and technology [2] Notable Fund Performance - The "daylight fund" phenomenon reappeared, with the Penghua Qihang Quantitative Selection Mixed Fund reaching its fundraising cap of 3 billion yuan in just one day, leading to an early closure of subscriptions [2] - The fund had over 13,000 subscription accounts, with a confirmation ratio of 97.91% for effective applications [2] - Another fund, the Fuguo Xinghe Mixed Fund, also closed subscriptions early, achieving a confirmation ratio of 84.27% and over 16,000 subscription accounts [3] Market Trends - The surge in new equity fund issuances is largely driven by index products, with over 90% of the 700+ new equity funds being index funds [4] - The overall public fund market is approaching a total scale of 37 trillion yuan, reflecting robust growth in the fund industry [4]