[21 funds were established on the same day. The scale of new funds during the year was nearly one trillion yuan] According to reports on November 12, as the end of the year approaches, the establishment of new funds is accelerating. On November 11, 21 funds issued a centralized announcement on the effectiveness of fund contracts, with a total issuance scale of 3.862 billion yuan. Overall, as of November 11, a total of 1,557 new funds had been established during the year, with a total issuance scale of 961.704 billion yuan. Judging from the funds established this year, there are many things blooming. Specifically, equity funds are the main issuance force. The number of newly established equity funds exceeded 1,000 during the year, and the issuance scale exceeded 480 billion yuan. Some innovative equity products are sought after by investors. For example, the first batch of 18 active ETFs have been established, with a total issuance scale of 36 billion yuan, and a total of more than 330,000 effective subscription households. In addition to equity products, FOF has also ushered in an unprecedented expansion cycle. As of November 11, a total of 175 FOFs had been established during the year, with an issuance scale of 157.655 billion yuan. Both the number of newly established FOFs and the scale of issuance hit annual highs. From the perspective of newly issued FOF, the adoption of a multi-asset allocation strategy has become an industry consensus.