公募基金规模 首破33万亿元

Core Insights - The total net asset value of public funds in China reached a record high of 33.12 trillion yuan as of April 2025, marking the first time it has surpassed 33 trillion yuan [1][2] - In just one month, from March to April 2025, the public fund scale increased by approximately 8985.04 billion yuan, with significant contributions from money market funds and fixed-income funds [2][3] Fund Structure and Growth - The growth in public fund scale was primarily driven by fixed-income funds, which collectively increased by over 8000 billion yuan compared to the end of March 2025 [3] - As of April 2025, the breakdown of fund growth included stock funds increasing by 1120.44 billion yuan, bond funds by 1401.82 billion yuan, and money market funds by 6648.39 billion yuan [2][3] - The number of public fund management institutions in China stands at 163, comprising 148 fund management companies and 15 asset management institutions with public qualifications [2] Market Trends and Future Outlook - The overall trend for public fund scale is upward, although the internal structure may fluctuate based on market performance [4] - Current market conditions are characterized by a phase of adjustment, yet there are numerous structural investment opportunities, particularly in AI-related sectors and companies with competitive advantages in high-quality economic development [5] - The sentiment in the A-share market has improved since the fourth quarter of the previous year, indicating a potential for continued growth in public fund scale as new capital enters the market [5]