Core Viewpoint - The issuance of actively managed equity funds is experiencing a rebound, driven by the recovery of the A-share market and improved fund performance, with significant fundraising activities observed recently [1][2]. Fund Issuance and Performance - As of September 2, 26 actively managed equity funds have confirmed their issuance periods, with the招商均衡优选混合基金 exceeding its fundraising cap of 50 billion yuan on its first day of issuance [2][4]. - The招商均衡优选混合基金 aims for excess returns through a balanced approach across market, industry, style, and individual stocks, managed by 吴潇, who has over 8 years of experience [2][3]. - The overall issuance scale of actively managed equity funds this year has reached 785.28 billion yuan, with 29 funds exceeding 10 billion yuan in issuance [5]. Market Conditions and Future Outlook - The A-share market has shown positive performance, with the Shanghai Composite Index rising by 12% and the ChiNext Index increasing by 33.4% since the second half of the year [5][6]. - The macroeconomic environment is favorable for equity markets, with expectations of U.S. Federal Reserve rate cuts and a stable U.S.-China relationship contributing to a positive outlook [6][7]. - Investment opportunities are identified in sectors such as AI technology, retail, non-bank financials, and innovative pharmaceuticals, with a focus on technology sectors like semiconductors and computing [7].

Group 1 - The core viewpoint of the news is that the issuance of actively managed equity funds is recovering, driven by the rebound in the A-share market and improved fund performance, with a notable increase in the number and scale of new products [1][2] - On September 2, the招商均衡优选混合基金 (Zhaoshang Balanced Optimal Mixed Fund) set a fundraising cap of 5 billion yuan, and its first-day fundraising exceeded this limit, leading to an early closure of the fundraising period [2][3] - The fund aims for excess returns through a balanced approach across market, industry, style, and individual stocks, managed by Wu Xiao, who has over 8 years of experience [2][3] Group 2 - The active equity fund issuance has reached a record high this year, with the招商均衡优选混合基金 potentially becoming the largest actively managed equity fund launched this year if it reaches the 50 billion yuan cap [4] - As of September 2, the total issuance scale of active equity funds this year has reached 78.528 billion yuan, with 29 funds exceeding 1 billion yuan in scale [5] - The A-share market has shown significant recovery, with the Shanghai Composite Index rising by 12% in the second half of the year, contributing to the increased interest in actively managed equity products [4][5] Group 3 - The overall macro environment remains favorable for the equity market, with expectations of U.S. Federal Reserve rate cuts and a recovering economic cycle [7][8] - Investment opportunities are identified in sectors such as AI technology, retail, non-bank financials, and innovative pharmaceuticals, particularly in semiconductor and computing fields [8] - The market is experiencing a liquidity-driven rally, with a notable increase in trading volumes and investor confidence in Chinese assets [7][8]