| Friday, March 13, 2026 |
NO.1 Active equity funds once again become “hot hits”
On March 11, Yongying Fund issued an announcement on the effectiveness of the Yongying Ruijian Growth Hybrid Fund contract. The announcement shows that the product’s fundraising period is from February 26 to March 6. During the fundraising period, the net subscription amount reached 5.867 billion yuan, and the total number of effective subscription households exceeded 230,000.
It is understood that the fund manager of the fund is Li Wenbin, who has 15 years of securities-related experience and more than 8 years of fund management experience. He is currently the co-general manager of the equity investment department of Yongying Fund. Current management products include Yongying Technology Driven, Yongying Ruijian Enterprising, etc.
NO.2 "Fixed Income +" fund issuance scale has exceeded 30 billion yuan during the year
Wind data shows that the total issuance scale of newly established "fixed income +" funds since 2026 has exceeded 30 billion yuan. Looking over a long period of time, the scale of "fixed income +" has steadily increased over the past year, and has maintained an upward trend for four consecutive quarters.
Wind statistics show that since 2026, as of March 10, 45 "fixed income +" funds have been opened for subscription (only partial debt hybrid funds and secondary debt bases are counted, and initial funds are counted). Most of the products that have completed fundraising are early-finished. For example, Southern Yixiang Steady Timber's fundraising ended in just 3 days, and BOC Zhaoxiang's 6-month holding period hybrid ended in just 1 day.
NO.3 Fund companies treat “lobster farming” cautiously
Recently, the open source AI agent OpenClaw (commonly known as "Lobster" in the industry) has become popular in the financial circle, and the public fund industry has paid close attention to it.
Due to issues such as data security and open permissions, most fund companies are cautious and prohibit the deployment of office equipment, but recognize its value in basic investment research work.
It is reported that some companies are exploring through cloud deployment, sandbox testing, etc., and many practitioners are testing the waters privately. Leading organizations are steadily exploring new boundaries of AI applications while adhering to the bottom line of safety.
NO.4 Zhang Lu and Yan Siqian added positions to Ningbo Huaxiang
On March 11, the latest list of the top ten shareholders disclosed by Ningbo Huaxiang showed that the Yongying Advanced Manufacturing Smart Selection Hybrid Fund managed by Zhang Lu and the Penghua Carbon Neutral Theme Hybrid Fund managed by Yan Siqian appeared among them, ranking as the company's third and ninth largest shareholders respectively. As of March 4, the number of shares held was 35.1542 million shares and 7.2231 million shares respectively.
According to the data disclosed in the fund's 2025 quarterly report, as of the end of 2025, the Yongying Advanced Manufacturing Smart Selection Hybrid Fund held 24.6924 million shares of Ningbo Huaxiang. In comparison, the fund has added 10.4618 million shares in the first quarter.
The Penghua Carbon Neutral Theme Hybrid Fund is a new member of the top ten shareholders. The fund began to build a position in Ningbo Huaxiang in the first half of 2025, and as of mid-2025, the number of positions held was 5.0611 million shares.
NO.5 Jiao Wei resigned as fund manager of two products
On March 12, Yinhua Fund announced that due to changes in work arrangements, Jiao Wei resigned as the fund manager of Yinhua Fuli Select Mix and Yinhua Fujiu Food and Beverage Select Mix (LOF) on March 10. The above funds will be continued to be managed by Zhang Jian, Qin Feng, and Wang Limin, who previously jointly managed the funds respectively.
The announcement also showed that Jiao Wei continues to serve as the fund manager of Yinhua Fuxing Central Enterprise Hybrid Fund, Yinhua Fufu Selected Three-Year Hybrid Fund, and Yinhua Fufu Theme Hybrid Fund.
According to information from Tiantian Fund Network, the total assets of Jiao Wei’s current fund have reached 10.662 billion yuan. The two funds he resigned this time have been managed for more than 4 years, and their returns during their tenure have both fallen by more than 40%.
NO.6 ETF market review on the previous trading day
On the last trading day (March 12), the market bottomed out and rebounded. As of the close, the Shanghai Stock Exchange Index fell 0.1%, the Shenzhen Component Index fell 0.63%, and the ChiNext Index fell 0.96%. The turnover of Shanghai and Shenzhen stock markets was 2.44 trillion yuan, a decrease of 66.5 billion yuan from the previous trading day. In terms of sectors, coal, wind power equipment, chemical fiber and other sectors were among the top gainers, while shipbuilding, aerospace, engineering machinery and other sectors were among the top gainers.
Specifically, the coal ETF led the increase of 5.28%. The concept of green power has exploded. Green Power, Huadian Energy, GCL Energy, Datang Power and other stocks have hit their daily limits, and power-related ETFs have strengthened.
On the downside, the construction machinery ETF pulled back across the board, with the largest drop being 3.84%.
