Since the beginning of 2026, the issuance of public funds has accelerated. According to the latest data from a public fund ranking platform, counting from the fund subscription start date, 78 new funds have initiated their fundraising periods as of January 15th. Among them, several products concluded their fundraising quickly, with six "single-day sell-out funds" making an appearance. In terms of product structure, FOFs (Fund of Funds) have seen larger issuance scales, while thematic funds focusing on areas like technological innovation and high-end manufacturing have become the main force in new issuances, reflecting market attention on economic transformation opportunities.
Data shows that the aforementioned 78 new funds initiating fundraising cover various types, including equity funds (31), hybrid funds (27), bond funds (10), FOFs (8), and QDII (Qualified Domestic Institutional Investor) funds (2), among others.
While fund products are being launched intensively, the fundraising pace has also noticeably quickened, with the fundraising periods for some products substantially shortened; six products even achieved a "single-day sell-out." For instance, products like GF Yueying Wenwen Three-Month Holding Hybrid Fund of Funds and Zhonghang Dongjian Linghang Hybrid completed their fundraising in an extremely short time and were established rapidly; products like Guotai Ruile Six-Month Holding Hybrid Fund of Funds and Ruiyuan Yanxuan Junheng Three-Year Holding Hybrid concluded their fundraising within a single day.
Among them, the Ruiyuan Yanxuan Junheng Three-Year Holding Hybrid is a hybrid fund with a bias towards equities, primarily investing in A-shares and H-shares, and will adopt a team-based fund management model and a floating management fee structure. Information indicates that the fund will, through assessment and analysis of macroeconomic trends, market environment, industry cycle stages, and other factors, evaluate the risk-return profiles of different assets, employ dynamic adjustment strategies to determine the allocation proportions of various asset classes within the investment portfolio, thereby aiming to achieve long-term, sustained, and stable appreciation of the fund.
Among the newly issued funds, the majority have set relatively short fundraising periods within two weeks. This "quick-in, quick-out" issuance model not only reflects fund managers' precise grasp of market sentiment but also indicates thorough pre-marketing by distribution channels and strong investor allocation demand.
Judging by the disclosed issuance sizes, among the 78 new funds, FOF products generally demonstrated stronger fundraising capabilities. For example, the GF Yueying Wenwen Three-Month Holding Hybrid Fund of Funds raised over 3.2 billion units (combining A/C share classes), and the Wanjia Qitai Wenwen Three-Month Holding Period Hybrid Fund of Funds raised close to 2.1 billion units; the fundraising periods for both products were controlled within two days.
A FOF fund manager from Shenzhen Rongzhi Private Securities Investment Fund Management Co., Ltd., Li Chunyu, stated: "FOF products are popular in the market mainly because they align with current investors' needs for stability and risk diversification. Through secondary diversification in allocation, such products help smooth overall volatility. Particularly, hybrid FOFs with a bond bias, employing a 'fixed income plus' core strategy, are well-suited to meet the allocation needs of household wealth management in a low-interest-rate environment. Furthermore, the setup of holding period mechanisms also helps encourage long-term holding, reducing the negative impacts associated with short-term subscriptions and redemptions."
From an investment theme perspective, among the 78 new funds, over 20 products have names containing keywords related to "technology," "innovation," "semiconductor," etc. For instance, products like ICBC Technology Intelligent Selection Hybrid, Bank of Shanghai Technology Innovation Equity, and Bank of China Pioneer Semiconductor Hybrid all focus on growth sectors such as technology and advanced manufacturing.
Regarding the 2026 investment strategy for consumer electronics, Wang Yi'an, the designated fund manager for the Penghua China Securities Consumer Electronics Theme ETF, commented: "From 2026 to 2027, innovation at the device end will accelerate. Both overseas and domestic large model manufacturers, terminal brand manufacturers, and others are actively deploying AI terminals to build a 'computing power - terminal - application' closed loop."
This round of new fund issuances involves 49 public fund management institutions. Among them, Guotai Fund leads with 5 newly issued products; Yongying Fund follows closely, having issued 4 new products; public fund institutions like GF Fund and Southern Fund have also each launched 3 new products. From the perspective of fund custodians, banks such as Industrial Bank, Agricultural Bank of China, Bank of Communications, and China Merchants Bank remain the primary custodial institutions.
Liu Youhua, Research Director at Shenzhen Qianhai Paipaiwang Fund Sales Co., Ltd., stated that the hot fund issuance market at the beginning of 2026 brings considerable incremental capital to the market while also sending a positive signal. The continued favor garnered by stable products, represented by FOFs, reflects a trend towards more mature and rational investor allocation concepts; the inflow of capital into themes like technology and growth clearly demonstrates the market's long-term optimism regarding new economic drivers.
Liu Youhua suggested that looking forward, the public fund industry still needs to continuously enhance its core competitiveness. By persistently improving the professional standards of investment research, perfecting diversified product layouts, and optimizing investor services, the industry can effectively undertake its important mission of assisting in the long-term sustainable appreciation of household wealth and serving the high-quality development of the real economy.