一批成长风格的主动权益基金罕见地集中分红。 11月12日，易方达基金发布旗下易方达科讯等基金年内首次分红的公告，投资者可选择红利再投资或者 现金分红等方式。此外，万家、国海富兰克林、安信基金等公募也在近期宣布旗下部分主动权益基金年 内首次分红。其中，部分成长风格的主动权益基金是近几年来首次进行分红。 通常来说，债券型和指数型基金分红频率较高。同时，多只主动权益基金的上一次分红恰好落在大盘阶 段高点，因此备受市场关注。 分析人士向《国际金融报》记者表示，成长风格主动权益基金的分红，更多依赖于基金经理通过卖出股 票所实现的价差收益，以往并不常见。也有业内人士提醒，部分科技股估值已高，科技板块"贵溢价"特 征显著，分红或暗含"落袋"之意。 久旱逢霖 近日，易方达基金旗下多只主动权益基金宣布年内首次分红，包括易方达科讯、易方达科翔、易方达科 汇、易方达平稳增长等。其中，易方达科讯距上次分红已隔近一年，而再往前一次则间隔三年；其余三 只基金距上次分红已时隔近四年。 上述近期分红的基金均为主动权益类型，且大部分主要投资科技等成长板块。数据显示，截至11月13 日，上述提及的部分基金年内积累了较高收益。比如，易方达科讯年内 ...

Core Insights - The issuance of new funds has surged, with two "sunshine funds" launched on the same day, reflecting strong investor demand amid the A-share market's rise towards 4000 points [1][2] Fund Issuance Trends - On November 4, both the Fuquan Xinghe Fund and the Penghua Qihang Quantitative Stock Fund raised over 30 billion yuan each, reaching their fundraising limits and prompting early closure and proportional allocation [2] - As of November 3, the total issuance of stock and mixed funds for the year reached 3,600.65 billion units and 1,230.83 billion units, representing year-on-year increases of 43.86% and 76.04% respectively [3] Market Dynamics - The trend of "sunshine funds" has been prevalent, with several funds achieving significant fundraising in a single day, indicating a robust market environment [2] - In October, the average issuance of mixed funds reached 75.7 million units, the highest since November 2022 [3] Fund Management Strategies - Several high-performing funds have announced a halt to new subscriptions to protect existing investors' interests and manage fund size effectively [4][7] - A total of 215 equity funds have announced suspensions of large subscriptions or new subscriptions this year, primarily those with strong performance [8] Industry Implications - The recent trend of limiting subscriptions reflects a shift in the industry towards prioritizing performance over scale, aiming for sustainable growth and stability [8]