加码！年内申报超130只，创新高

Core Viewpoint - The number of ETF-linked funds submitted for approval in China has exceeded 130 this year, marking a historical high, driven by increasing demand for passive index investment and the growing importance of off-exchange platforms [1][3]. Group 1: ETF-linked Fund Submission and Growth - As of July 4, 2023, 36 fund managers have reported 132 ETF-linked funds, a 60% increase compared to the same period last year when 82 funds were submitted [3]. - The total issuance scale of newly established ETF-linked funds this year reached 39.635 billion yuan, a 144% increase from 16.267 billion yuan in the same period last year [3]. - The trend of increasing submissions reflects a response to market demand and a search for new business growth points [3]. Group 2: Market Dynamics and Investor Behavior - The rise in ETF-linked fund submissions is linked to the rapid development of the ETF market, with 159 stock ETFs established this year, surpassing the total of 155 for the entire year of 2024 [4]. - Over 90% of newly established ETF-linked funds this year are of the initiator type, allowing fund companies to quickly complete product registration and gain market advantage [4][6]. - The growth of internet platforms in fund sales is contributing to the rapid increase in ETF-linked funds, as they provide broader access for individual investors [4]. Group 3: Future Outlook and Competitive Landscape - The development prospects for ETF-linked funds are promising, but competition is intensifying, leading to greater product differentiation [6]. - Short-term growth in ETF-linked fund scale is expected due to policy encouragement and increased investor awareness, while long-term growth may come from fund advisory services and FOF [7]. - The emergence of new product forms, such as cross-border linked funds and customizable index-linked funds, may represent future directions for the market [7].