登录新浪财经APP 搜索【信披】查看更多考评等级 2026年开年，公募基金行业违规销售争议率先登上热搜。 永赢基金旗下两只热门产品因无资质大V带货单日吸金近百亿受到市场高度关注。 虽然永赢基金采取紧急限购补救，但依然暴露了公司合规审核的漏洞，而其产品收益走势波动剧烈、基 金经理风格激进、规模无序膨胀等多重隐忧，也为投资者敲响警钟。 来源：翠鸟资本 文|翠鸟资本 违规带货引关注 1月12日，财经大V"爱理财的小羊"通过社交平台推介永赢基金旗下高端装备智选、信息产业智选两只 混合基金，以"梭哈人工智能""卫星互联网赛道必赚"等煽动性话术，引导粉丝集中申购。 数据显示，当日这两只产品合计吸金近百亿，规模较前一日暴涨超十倍。然而，该大V既无基金从业资 质，也未获得基金代销授权，其与永赢基金疑似存在的"带量返点"合作，已涉嫌违反《证券投资基金销 售管理办法》，属于非法经营范畴。 直至1月13日，永赢基金才紧急发布公告，于1月14日起对上述两只产品实施个人投资者单日单账户100 万元的申购上限，试图降温流动性风险。但此时，违规推介已造成既定影响，市场质疑永赢基金为追求 规模增长，对渠道合作的合规性审核流于形式，漠视投资者 ...

Core Viewpoint - The active equity funds have regained market attention as the market conditions improve, with a notable focus on technology innovation-related themes [1][2][6] Group 1: Fund Issuance and Themes - As of March 20, a total of 17 new active equity funds have been launched, primarily focusing on technology innovation themes [1][2] - Among the 10 funds currently in the initial issuance phase, many are centered on technology sectors, including funds like Taiping Technology Pioneer Mixed and Deutsche Bank Emerging Industry Mixed [2] - Some funds are targeting specific themes, such as central enterprises and dividends, with examples like Rongtong Central Enterprise Selected Mixed focusing on high-dividend, stable cash flow companies [2][3] Group 2: Fund Issuance Strategies - Many funds are adopting a "initiated" issuance strategy due to concerns over unsuccessful fundraising, with 5 out of the 10 currently issuing funds being initiated funds [3][4] - Initiated funds require a minimum of 10 million yuan to establish and have shorter issuance periods, allowing for gradual scale growth post-establishment [4] Group 3: Fund Performance and Market Sentiment - Despite the increase in active equity fund issuance, there remains a cautious sentiment among fund companies due to recent failures in fundraising, with 3 funds reported to have failed to meet registration conditions this year [4][5] - The performance of active equity funds has shown promise, with the highest return exceeding 80% year-to-date, indicating potential for sustained performance as market conditions evolve [7]