Fund Issuance Overview - In February 2026, the new fund issuance market cooled slightly due to the Spring Festival holiday, with 67 companies participating in fund issuance, a month-on-month decrease of 18.29% [1] - A total of 77 new funds were issued in February, representing a month-on-month decrease of 54.44% [1][5] - The total fundraising scale for February was 79.581 billion yuan, down 41.15% month-on-month [1][13] Fund Types Performance - Index funds and mixed funds were the top-performing types in February, with 25 index funds and 23 mixed funds issued [1][10] - Mixed funds had the largest fundraising scale, raising 23.439 billion yuan [1][13] Fund Company Participation - The leading fund company in terms of issuance was GF Fund, which issued 9 funds in February [4] - The top three fund companies by fundraising scale were GF Fund (9.019 billion yuan), Invesco Great Wall Fund (6.562 billion yuan), and E Fund (6.371 billion yuan) [25] Fundraising Results - A total of 90 funds completed fundraising in February, with 19 being periodic open-end funds [12] - The average fundraising scale for February was 79.581 billion yuan, with mixed funds, FOFs, and bond funds being the top three types by scale [13][28] Index Fund Insights - The largest fundraising scale among index funds was for stock index funds, totaling 15.849 billion yuan [18] - The top three indices tracked by new funds were the CSI Small Cap 500 Index (5.605 billion yuan), the CSI A500 Index (3.015 billion yuan), and the CSI All Share Dividend Quality Index (1.417 billion yuan) [18] Fundraising Efficiency - The average subscription period for completed funds was 14.64 days, with a fundraising efficiency of 0.60 billion yuan per day [21] - FOFs and bond funds showed higher fundraising efficiency, at 1.07 billion yuan per day and 0.76 billion yuan per day, respectively [21]

Core Insights - The first trading day of 2026 saw the launch of 28 new funds, marking the beginning of the year's fund sales [1] - The trend of active fund issuance continues from 2025, with a total of 46 new public funds expected to be launched in the week, predominantly equity funds [2][3] Fund Issuance Overview - In 2025, a total of 1,549 new funds were established, raising over 1.2 trillion yuan, making it the second-highest year in history for new fund issuance [3] - Equity funds, including stock and mixed funds, accounted for over 1,100 new funds and raised more than 620 billion yuan, representing over half of the total issuance [3] - Bond funds also performed well, with 263 new funds launched, raising nearly 444 billion yuan [3] - FOF products gained traction, with 89 new funds established, totaling over 84.5 billion yuan [3] Competitive Landscape - Leading fund management firms were particularly active in the issuance market in 2025, with E Fund launching 68 new funds, the highest in the industry [3] - Following closely, Fortune Fund launched 64 new funds, while Huaxia Fund and Huitianfu Fund each launched over 50 new products [3] - In terms of total established funds and asset scale, Huaxia Fund led with 73 new funds and approximately 100.7 billion yuan in net asset value, while E Fund ranked second with 84.5 billion yuan [3]