Group 1 - The overall fund issuance market showed significant differentiation last week, with only 20 new funds established and a total issuance scale of 5.328 billion yuan, marking the lowest weekly fundraising since April this year [1] - The average fundraising per fund was only 266 million yuan, indicating a generally sluggish issuance market [1] Group 2 - Equity funds performed strongly, with 11 equity fund products raising 3.226 billion yuan, accounting for 60.54% of the total issuance, making them the main force in the week [3] - Passive index products were particularly notable, with 8 index funds collectively raising over 2 billion yuan, nearly half of the total issuance, focusing on popular sectors such as Hong Kong tech and core A-share assets [3] - The Southern CSI Hong Kong Stock Connect Technology ETF raised 705 million yuan, and the Morgan Stanley CSI 300 Free Cash Flow Link A raised 597 million yuan, reflecting institutional preference for index-based investments [3] Group 3 - Bond fund issuance cooled significantly, with only 3 bond fund products issued, totaling 1.067 billion yuan, accounting for 20.03% of the total, a stark contrast to previous strong performances [4] - Mixed fund issuance remained relatively stable, with 5 mixed fund products raising 3.226 billion yuan, accounting for 19.23%, with an average fundraising of 645 million yuan per fund [4] - Passive index funds emerged as the absolute mainstay of new fund issuance, with a rapid launch of the Huatai-PineBridge CSI Hong Kong Stock Connect Technology Link A, highlighting institutional intent to quickly position in the Hong Kong tech sector [4]

Group 1 - The overall market saw the establishment of 20 new funds last week, with a total issuance scale of only 5.328 billion yuan, marking the lowest weekly fundraising since April this year, with an average fundraising of only 266 million yuan per fund [1] - Despite the overall sluggish issuance market, there are structural highlights, with equity funds leading the way, accounting for 60.54% of the total issuance, reflecting institutional confidence in equity assets [1] - The issuance of bond funds has significantly cooled down, with only 3 products raising 1.067 billion yuan, a decline compared to previous strong performances [1] Group 2 - Passive index funds became the main force in new fund issuance last week, accounting for over 60%, with over 20 products launched covering popular sectors such as securities, technology, consumption, and pharmaceuticals [2] - Enhanced index funds are also favored by public fund managers, with several products launched to meet investors' demand for excess returns through quantitative strategies [2] - Although the overall scale of newly issued funds last week was limited, many institutions are preparing for the second half of the year, with multiple funds pending approval across various themes [2]