公募规模冲上35万亿！ETF大扩容，债基出现净赎回

Group 1 - The total net asset value of public funds in China reached a historic high of 35.08 trillion yuan as of July 31, 2025, marking the first time it has surpassed the 35 trillion yuan threshold [2] - The total scale of public funds increased by 690 billion yuan month-on-month, with stock funds growing by 192.59 billion yuan and mixed funds by 138.56 billion yuan, while bond funds decreased by 48.19 billion yuan [2][4] - The number of public funds reached 13,014, with a total net value of 350,755.87 billion yuan, showing an increase in both the number of funds and their net value compared to the previous month [3] Group 2 - The share of stock and mixed funds declined, with stock funds down by 11.465 billion shares and mixed funds down by 37.059 billion shares, indicating a shift in investor sentiment [4] - Bond funds faced a significant drop, with a decrease of 194.44 billion shares, attributed to market volatility and a shift in risk appetite towards equities and commodities [4] - QDII funds saw a month-on-month increase of 3.87% in shares and 6.77% in scale, driven by the release of new quotas by the foreign exchange authority [5] Group 3 - The scale of ETFs surpassed 5 trillion yuan, with a notable increase of 1.34 trillion yuan year-to-date and 976.37 billion yuan in the last three months [6] - A total of 34 ETFs experienced growth exceeding 10 billion yuan in the last three months, with several popular products leading the increase [6][7] - The launch of new ETF products, including the first batch of 10 sci-tech bond ETFs, contributed to the growth in scale, with more products in the pipeline [8][9] Group 4 - The ETF market is experiencing a high-quality expansion phase, with increasing recognition of index products among investors, particularly in a bullish market [10] - The trend towards index-based investment is expected to continue, enhancing the asset allocation function of ETFs [10]