Group 1 - The core viewpoint is that a positive cycle of fund issuance driven by performance is gradually emerging, with an increase in the number of funds sold out in one day and those ending fundraising early [1][2] - The issuance of equity funds has significantly rebounded this year, with performance improvement being the strongest driving force behind this trend [2] - As of September 18, the average returns for actively managed stock and mixed equity funds over the past year were 57.75% and 56.76%, respectively, while passive index funds had slightly stronger returns of 60.72% [2] Group 2 - From January to September 19, 2023, a total of 1,116 new funds were issued, approaching the annual totals of 1,280 and 1,136 for 2023 and 2024, respectively [2] - The proportion of stock and mixed funds among newly issued funds reached 49.37%, a significant increase compared to 25.70% and 27.03% in 2023 and 2024 [2] - The share of bond funds among new issuances has decreased from over 70% in the past two years to 44% [2] Group 3 - During the week of September 8 to September 14, 39 new public fund products were launched, with equity funds accounting for 66.67% of the total [3] - The resurgence of "daylight funds" is noted, with several funds ending their fundraising early due to high demand [4] - New funds are emerging in sectors such as renewable energy and consumer goods, while some are focusing on themes like dividends and satellite industries [4]

Group 1 - A total of 9 funds were launched today, including 5 equity funds and 4 mixed funds [1] - Two funds were listed today [1] Group 2 - Fund details include: - Morgan Zhongzheng A500 Index Enhanced A (Code: 023869) and C (Code: 023870) with a fundraising period from August 27, 2025, to September 12, 2025, managed by He Shenghao and Hu Di [2] - Shushun Great Wall Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A (Code: 024249) and C (Code: 024250) with a fundraising period from August 27, 2025, to September 16, 2025, managed by Wang Gangsheng and Wang Yuniang [2] - China Europe Hong Kong Stock Connect Technology Mixed Fund A (Code: 024836) and C (Code: 024837) with a fundraising period from August 27, 2025, to September 12, 2025, managed by Cun Houliang [2] - Kaishi Ruixin 6-Month Holding Mixed Fund A (Code: 025352) and C (Code: 025353) with a fundraising period from August 27, 2025, to September 2, 2025, managed by Li Chen and Ouyang Yongbing [2] - Tibet Dongcai Entrepreneurship Board Comprehensive Enhanced Strategy ETF (Code: 159290) with a fundraising period from August 27, 2025, to September 10, 2025, managed by Wu Hechi [2] Group 3 - Pre-listing net values for existing funds include: - Bosera Entrepreneurship Board Comprehensive ETF (Code: 159287) with 2,871 holders and a net value of 1.0282 [3] - Penghua Science and Technology Innovation Board Artificial Intelligence ETF (Code: 589090) with 9,408 holders and a net value of 1.0522 [3]