公募基金总规模再创历史新高

Core Insights - The total net asset value of public funds in China reached a new high of 33.74 trillion yuan as of the end of May 2025, reflecting an increase of 0.62 trillion yuan or 1.87% from the end of April 2025 [1][2] Fund Categories Summary - Closed-end funds: 1,336 funds with a net value of 3758.56 billion yuan, slightly decreased from April [2] - Open-end funds: 11,436 funds with a net value of 2998.21 billion yuan, increased from April [2] - Stock funds: 2,939 funds with a net value of 4581.61 billion yuan, showing a slight increase [2] - Mixed funds: 5,142 funds with a net value of 3567.61 billion yuan, slightly decreased [2] - Bond funds: 2,667 funds with a net value of 6779.80 billion yuan, increased by 221.88 billion yuan [2][3] - Money market funds: 371 funds with a net value of 1439.88 billion yuan, increased by 407.13 billion yuan [2][3] - QDII funds: 317 funds with a net value of 654.28 billion yuan, increased by 10.25 billion yuan [2] Market Trends - The growth in the fund market is primarily driven by money market and bond funds, as investors prefer low-risk, high-liquidity products amid poor performance in equity assets [3] - The bond ETF market has seen significant growth, with the total scale surpassing 360 billion yuan by June 24, 2025, marking a milestone in the sector [4] - Credit bond ETFs have shown remarkable growth, with some products increasing by approximately 416% in scale within five months [4] Regulatory and Industry Developments - The China Securities Regulatory Commission released a new action plan on May 7, 2025, aimed at promoting high-quality development in the public fund industry, introducing 25 specific measures [5] - The first batch of 26 new floating-rate funds has raised over 15 billion yuan, indicating strong market interest and participation [6]