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广发基金上半年净利增超40%,赶超“ETF一哥”华夏基金
Nan Fang Du Shi Bao·2025-08-25 10:56

Core Viewpoint - In the first half of 2025, GF Fund achieved significant growth in revenue and net profit, surpassing its competitors in net profit despite being third in total fund management scale [2][6]. Financial Performance - GF Fund reported a revenue of 3.898 billion yuan and a net profit of 1.179 billion yuan for the first half of 2025, representing year-on-year growth of 22.2% and 43.6% respectively [2]. - As of June 30, 2025, GF Fund's total public fund management scale reached 1.45 trillion yuan, ranking third in the industry [2][6]. Fund Management and Strategy - GF Fund has a strong presence in actively managed equity funds, with 9 fund managers managing over 10 billion yuan each, accounting for approximately 10% of the industry [4]. - The company has faced criticism for some fund managers concentrating investments in specific sectors during market highs, leading to significant losses in certain funds [4][5]. Asset Allocation - As of June 30, 2025, GF Fund's asset allocation included 23.36% in equities, 56.87% in bonds, and 17.54% in cash, showing a shift in strategy compared to the end of 2021 [6]. - The total scale of GF Fund's mixed funds was 1754.51 billion yuan, second only to E Fund [6]. Management Fees - GF Fund has the highest average management fee rate among its peers at 0.73%, with its actively managed equity funds also commanding higher fees compared to E Fund [7]. - The average management fee rates for actively managed equity funds were 1.04% for E Fund, 1.14% for both GF Fund and Huaxia Fund [7].