Public offering new products frequently reach their fundraising targets early, with additional funds densely "waiting in the wings"

In recent times, public offering funds have seen investors actively subscribe, and the phenomenon of ending the fundraising early has been happening frequently. On March 12, Penghua Fund issued an announcement saying that the Penghua CSI Construction Machinery Theme Exchange-Traded Open-Ended Index Securities Investment Fund under it began fundraising on March 2, 2026, and the fundraising deadline, originally set for March 13, 2026, was moved up to March 11, 2026. Just one trading day before that, Cinda Balanced Return Hybrid and CICC Europe Yingxin Stable 6-Month Holding Period Hybrid FOF also ended their fundraising early one after another; their originally scheduled fundraising deadlines were April 24, 2026, and April 8, 2026, respectively, with both moved up to March 11, 2026. It can be said that this “early fundraising close” phenomenon is a snapshot of the steadily warming public offering fund issuance market this year. Data show that as of March 12, this year, 89 funds have issued announcements to end fundraising early; among them, 59 equity funds ended fundraising early, accounting for 66.29%, up 11.41 percentage points year over year, clearly demonstrating that capital’s preference for equity assets is gradually returning. The issuance of FOF (fund-of-funds) products has also performed well. This year, 18 FOF products have ended fundraising early. Among them, the E Fund 如意盈泽 6-month holding hybrid (FOF), the Ping An Bank of Shanghai Allianz 安盛盈泰多元配置 3-month holding hybrid (FOF), and the J.P. Morgan? Actually, 景顺长城和熙安裕三个月持有混合（FOF） became “sunlight funds.” (Securities Daily)