Mutual Fund Launches Maintain Momentum with Equity Products Dominating

Deep News
Apr 09

The mutual fund issuance market continues to heat up. On April 8th, seven products, including Guolian Hengsheng Hong Kong Stock Connect Technology ETF, Southern Technology Navigator Hybrid Initiation, CICC CSI STAR and ChiNext Artificial Intelligence ETF, QHKY Yu'an 3-Month Holding Hybrid (FOF), and GF Tianxiang Bond, announced their issuance schedules, set for launch in April.

According to Wind data, from April 1st to April 8th, 54 products have already commenced fundraising. Additionally, 39 funds are scheduled for issuance in April. In total, the number of funds launching in April is expected to reach 93. Specifically, these include 34 equity funds, 31 hybrid funds, 17 bond funds, 8 public offering FOFs, 2 QDII funds, and 1 public REIT.

Among these 93 funds, equity-focused funds (including equity funds and hybrid funds) remain the primary force, accounting for approximately 70% of the total. Looking at specific fund types, public fund managers are increasing their focus on tool-based products like ETFs. Passive index funds (a category within equity funds) are the most numerous, totaling 29. Hybrid funds with a bias towards equities (a category within hybrid funds) follow, with 24 launches. These two categories rank first and second respectively in terms of issuance numbers across all specific fund types.

Simultaneously, the newly launched equity funds track a variety of themes, covering sectors such as consumer goods, healthcare, and automobiles. The technology sector remains a core area of focus for public fund managers, aligning closely with the investment opportunities widely favored by the current market.

A senior macro strategy researcher at Great Wall Fund commented, "Regarding investment direction, we are optimistic about sectors including large financial institutions, independently thriving tech manufacturing, and stable domestic demand."

A representative from QHKY Fund suggested focusing on two main themes: technology and non-ferrous metals. "Benefiting from the AI industry trend, policy support, and increased capital expenditure on computing power, sub-sectors like computing power, optical modules, and robotics possess significant growth momentum. Supported by factors such as rising prices, the allocation value of copper, aluminum, and gold within the non-ferrous metals sector warrants attention."

The MACD golden cross signal has formed, and certain stocks are performing well.

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