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In May, the public fund market experienced a notable "tech rally." Propelled by the intensifying momentum in the artificial intelligence (AI) computing power industry chain, technology-themed funds showcased exceptional performance. Concurrently, the new fund issuance market witnessed a significant influx of capital. Data from Wind reveals that tech funds delivered robust returns in May, with the top-performing funds achieving monthly gains exceeding 40%. Moreover, there was a notable increase in both the number of newly launched funds and the scale of their issuance. Specifically, 132 new funds were introduced in a single month, collectively raising a substantial sum of 103.369 billion yuan. This marks the third instance this year where the monthly issuance scale has surpassed the 100 billion yuan threshold.
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