Jin Rong Shi Bao·2025-09-04 13:34Group 1 - The total profit of public funds reached 636.17 billion yuan in the first half of 2025, with stock and mixed funds recovering from losses compared to the previous year [1] - Among 162 public fund managers, 155 reported positive profits, with E Fund leading at 58.40 billion yuan, followed by Huaxia Fund at 57.27 billion yuan [1] - Bond funds saw profits exceeding 90 billion yuan, but this represented a decline of over 50% year-on-year, while money market funds also experienced a profit drop of over 20% [1] Group 2 - The top three stocks held by public funds in terms of total market value were Ningde Times at 149.22 billion yuan, Kweichow Moutai at 129.58 billion yuan, and China Merchants Bank at 80.37 billion yuan [2] - The public fund's stock holdings were concentrated in the electronics sector (16.41%), pharmaceuticals (9.79%), and power equipment (8.23%) [2] - The total management scale of public funds reached a record high of 35 trillion yuan by the end of July 2025, with a significant increase in the issuance of active equity funds, which rose nearly 60% year-on-year [2] Group 3 - Analysts suggest that the recovery of the market environment this year is likely to further drive the growth of public fund scales [3] - Historical data indicates that the increase in public fund issuance typically follows a rise in the stock market [3] - It is expected that the issuance scale of public funds will see further marginal increases in the second half of the year, enhancing overall market activity [3]