[Public fundraising reappears with large self-purchase orders, real money and silver layout potential direction] October 9th, under the recent fluctuations in market conditions, a number of public fundraising institutions have made large-scale purchases, and "real money" self-purchases support their new funds. Among them, ICBC Credit Suisse Fund and its wholly-owned subsidiaries subscribed for a total of more than 45 million yuan in the construction machinery ETF ICBC, Industrial Securities Global Fund subscribed to Xingquan Hechen and Xingquan Youjia for 10 million yuan each, and Dacheng Fund, Invesco Great Wall Fund, and Bosera Fund also collectively purchased their new "fixed income +" products. In addition, in the third quarter, public equity institutions invested a total of more than 1.4 billion yuan out of their own pockets and established more than 120 sponsored funds, using real money to invest in promising directions. The reporter learned from the industry that fund managers have recently made self-purchases, which not only helps to raise funds for the establishment of new products in a contrarian environment, but also takes into account favorable opportunities for contrarian layout. Industry institutions believe that short-term barbell strategies will still be dominant, and they can focus on stable styles such as big finance and small and medium-sized technology growth directions. (China Securities Journal)