Group 1 - The core viewpoint of the articles highlights a surge in the issuance of public funds, particularly equity funds, ahead of the Spring Festival, with 43 new funds launched during the period from February 9 to the end of February [1] - Among the new funds, 33 are equity funds, accounting for nearly 80% of the total, with a significant number being actively managed funds [1] - The current market sentiment and continuous funding support are creating a favorable environment for the issuance of equity funds, driven by structural market trends and a shift in investor preferences from traditional savings to equity investments [1] Group 2 - As of February 8, 2023, the issuance momentum for equity funds has been strong, with notable funds like Guangfa Research Smart Mixed Fund raising over 7.2 billion yuan and Huabao Advantage Industry Mixed Fund nearly 5.8 billion yuan [2] - The issuance of configuration products, particularly FOFs, has also increased, with rapid fundraising success attributed to heightened market volatility [2] - Analysts suggest that the Spring Festival effect may enhance market performance, with expectations of a sustained spring rally due to favorable policy outlooks and increased consumer spending [2] Group 3 - Market analysts believe that the short-term fluctuations before the Spring Festival do not alter the positive outlook for the market post-holiday, with many institutions favoring holding positions through the holiday [3] - Three key factors are expected to support corporate profit improvement: expansionary fiscal policies in major economies, easing local government debt pressures, and a potential bottoming out of the real estate market in China [3] - Improved demand conditions are anticipated to enhance profitability in sectors with favorable supply-demand dynamics, particularly in the context of low manufacturing inventory levels [3]

本报记者 彭衍菘 2026年公募基金发行市场迎来强势开局。Wind资讯数据显示，截至1月30日，开年以来已有118只新基金宣告成立，合计募 集资金1137.80亿元，成功突破千亿元大关，较2025年1月份的832.64亿元增长36.6%。发行特征上，权益类基金、FOF（基金中 的基金）两类产品热度持续攀升，批量涌现爆款，同时提前结束募集现象频发，反映出市场资金借道公募基金入市的热情高 涨。 权益类基金（股票型+混合型）在此轮发行中担当绝对主力。数据显示，年内成立的91只权益类基金共募集793.93亿元。 其中，广发研究智选混合、华宝优势产业混合、大摩沪港深科技混合等一批主动权益类爆款基金开始批量出现。 晨星（中国）基金研究中心总监孙珩向《证券日报》记者表示，2026年开年公募基金发行回暖，核心是市场、政策、资金 与监管的多重利好共振：A股开年结构性行情带来明显赚钱效应，权益基金业绩亮眼激发投资者认购热情，爆款产品频现；监 管推动逆向销售与考核机制优化，叠加低利率环境下存款、理财收益下行引发"存款搬家"，保险等长期资金增配权益资产，为 发行提供资金支撑；基金公司聚焦科技、科创等热门赛道及FOF等稳健型产品，精准 ...

记者丨易妍君 编辑丨张星 公募基金业绩持续向好背景下，发行市场有所升温。 据Wind统计， 截至2026年1月25日，本月内新成立了76只基金，合计发行规模达到719.39亿元，单只产品平均发行规模约为9.47亿 元。 而上一次月度新成立基金的平均发行规模超过9亿元，要追溯到2025年2月。 分类型看，截至目前，权益类基金、混合型FOF成为1月公募新发市场的主力。 尤其是主动管理型基金"人气"颇高。在上述新成立的76只基金中，共有13只产品的发行规模达到20亿元及以上：包括6只偏股混合型 基金、3只混合型FOF、2只二级债基、1只增强指数基金和1只指数债基。 受访人士向21世纪经济报道记者指出，市场、政策、资金等多重利好共振，推动2026年开年公募基金发行回暖。同时，基金公司聚 焦科技、科创等热门赛道以及FOF等稳健型产品，精准匹配投资者多元配置需求，进一步提升了发行热度。 新基金吸金逾7 1 9亿元背后 2026年开年以来，公募基金发行市场暖意融融。 个别偏股混合型基金、混合型FOF，成为市场焦点。 2026年1月23日，富国智汇稳健3个月持有期FOF正式成立。该产品于1月19日开启认购，并在1月21日提前 ...

Core Viewpoint - The public fund issuance market is experiencing a revival in early 2026, driven by multiple favorable factors including market conditions, policies, and investor demand, with a notable focus on equity and mixed FOF funds [1][9]. Fund Issuance Overview - As of January 25, 2026, a total of 76 new funds were established, with a combined issuance scale of 719.39 billion, averaging approximately 9.47 billion per fund, marking the second-highest average monthly issuance since January 2025 [2][8]. - The main contributors to the issuance in January are equity funds and mixed FOFs, with equity funds accounting for 60% of the total issuance scale [8]. Popular Fund Types - Active management funds are particularly popular, with 13 funds exceeding 20 billion in issuance, including 6 equity mixed funds and 3 mixed FOFs [1][4]. - The 富国智汇稳健 FOF raised 41.90 billion in just three days, highlighting strong investor interest in mixed FOF products [3][4]. Market Dynamics - The revival in fund issuance is attributed to a combination of structural market trends, regulatory support, and a low-interest-rate environment, which has led to increased allocation of long-term funds into equity assets [9]. - Fund companies are focusing on technology and innovation sectors, aligning their offerings with diverse investor needs [9]. Ongoing Fund Issuance - Currently, 94 funds are in the issuance process, with equity funds making up approximately 63% of the total, indicating a shift towards equity products compared to previous years [11]. - The ongoing issuance includes a variety of thematic funds covering sectors such as cloud computing, renewable energy, and artificial intelligence [11][12]. Investment Strategies - Fund companies are adopting a diversified asset allocation strategy, potentially increasing exposure to cyclical and dividend assets [13].

Group 1 - The public fund issuance market has been heating up since the beginning of the year, with the Guangfa Research Smart Selection Mixed Fund achieving a record initial scale of 7.221 billion yuan, marking the first active equity fund to exceed 7 billion yuan since November 2022 [1] - There is a trend of high-performing old funds closing to new subscriptions to prevent rapid scale expansion, indicating a cautious approach to fund management in the current market [1] - Analysts suggest that the shift of household assets is still in its early stages, and there is potential for long-term incremental capital in equities, with expectations of another wave of blockbuster fund issuances around the Spring Festival [1] Group 2 - On January 22, two new funds were launched, primarily Fund of Funds (FOF), with Tianhong Yuexiang Zhenxuan Mixed Fund (FOF) A targeting a fundraising goal of 8 billion yuan [2] - As of January 9, the stock private equity position index rose to over 81%, ending a three-week decline, with significant increases in positions among large private equity firms [2] - A total of 27 public funds announced early termination of fundraising as of January 22, a year-on-year increase of 28.57%, with passive index funds making up half of this number [2] Group 3 - The Huaxia National Index Free Cash Flow ETF has surpassed 10 billion yuan in scale, becoming the first product of its kind to reach this milestone, reflecting a growing interest in stable cash flow companies amid market uncertainties [3] - The rapid expansion of free cash flow ETFs indicates a shift from niche strategies to mainstream investment tools, as investors seek refuge in companies with stable cash flows [3]

| | | A | C | 合计 | | --- | --- | --- | --- | --- | | 募集期间净认购金额 | | 2,781,660,777.02 | 4. 438. 050. 545. 11 | 7,219,711,322.13 | | (单位:元) | | | | | | 认购资金在募集期间产 | | 591. 191. 40 | 965, 699, 87 | 1,556,891.27 | | 生的利息(单位:元) | | | | | | 有效认购份 | | 2,781,660,777.02 | 4. 438. 050. 545. 11 | 7.219.711.322.13 | | 募集份 | 额 | | | | | 额(单位: | 利息结转的 | 591, 191. 40 | 965, 699, 87 | 1,556,891.27 | | 份) | 份额 | | | | | 合计 | | 2,782,251,968,42 | 4.439.016.244.98 | 7,221,268,213,40 | 中国经济网北京1月21日讯今日，广发基金发布广发研究智选混合型证券投资基金基金合同生 ...

新年伊始，2026年的第一个交易周，公募基金新发市场终于一扫年末颓势，在数九寒冬中迎来"开门红"。 根据天天基金网统计，下周（1月5日起）预计至少有44只基金开始认购，其中28只都集中在周一发行。发行数量较年末"冰 点"迎来巨量回升。 而在热度背后，债基与FOF等稳健产品线继续稳定供应，扮演产品组合内"压舱石"的角色。 | 墓金代码 | 基金简称 | 基金经理 | 草金类型 | 认购起始时间 | | --- | --- | --- | --- | --- | | 026181 | 南方惠益稳健添利债券A | 陶铁刘盈杏 | 债券型-混合二级 | 2026/1/9 | | 026206 | 宝盈恒生科技指数(QDII)A | 蔡丹侯嘉敏 | 指数型-海外股票 | 2026/1/8 | | 024812 | 富国消费优选混合A | 周文波 | | 2026/1/8 | | 026001 | 融通上证科创板综合指数增强A | | | 2026/1/8 | | 026212 | 工银科技智选混合A | 马丽娜 | 混合型-偏股 | 2026/1/8 | | 025925 | 景顺长城成长优选混合 | 农冰立 | 混合 ...

Group 1 - The core viewpoint of the articles highlights the upcoming launch of 47 new funds post-New Year, with a significant focus on equity and FOF funds, indicating a bullish sentiment in the market for 2026 [1][2] - A total of 32 equity funds and 15 FOF funds are set to be launched in January, with major fund companies like GF, Huatai-PineBridge, and Huitianfu participating, reflecting a strategic positioning for the anticipated "spring rally" [1][2] - Fund managers express optimism for the 2026 market, expecting a reversal in supply-demand pressures and improved corporate earnings, which may shift market dynamics from valuation-driven to earnings-driven [1][2] Group 2 - The surge in equity fund launches is attributed to a recovering market and structural trends, with policies encouraging increased supply of equity products [2] - Notable new funds managed by well-known fund managers are set to launch, indicating a competitive landscape among fund companies [2] - The FOF funds' popularity reflects a growing demand for diversified investment strategies, with FOF assets nearing 200 billion yuan, marking a 47% increase from the previous year [2] Group 3 - Technology remains a key focus for new fund launches, with several tech-related products included in the January offerings, indicating sustained interest in the sector [3] - Despite recent global tech pullbacks, the medium-term outlook for technology investments remains positive, contingent on overcoming concerns regarding AI investment returns [3] - The market may experience a structural rebalancing in 2026, with a potential shift from TMT sectors to undervalued industries with expected earnings recovery, while still maintaining interest in technology trends [3]