5万亿ETF的370名基金经理薪酬大揭秘！他们的日常工作，就是跟着指数买股票吗？

Core Insights - The daily routine of an ETF fund manager involves constant monitoring of global markets, economic data, and active engagement in trading and client communication, highlighting the complexity of their role beyond simple index tracking [2][3][5] - The ETF market in China has grown to approximately 5.35 trillion yuan, managed by 370 fund managers across 55 companies, indicating a significant scale and competitive landscape [6][9] - Major players in the non-monetary ETF space include Huaxia Fund and E Fund, each managing over 800 billion yuan, while 14 public funds have non-monetary ETF scales exceeding 100 billion yuan, collectively accounting for 85% of the market [6][9] Market Overview - As of September 17, 2025, there are 1,311 ETF products with a total scale of about 5.35 trillion yuan, of which 1,284 are non-monetary ETFs [6][9] - The top three fund companies by non-monetary ETF scale are Huaxia Fund (over 800 billion yuan), E Fund (over 800 billion yuan), and Huatai-PB Fund (over 570 billion yuan) [6][9] - A significant portion of the ETF market is concentrated, with 14 public funds managing approximately 4.55 trillion yuan in non-monetary ETFs [6][9] Fund Manager Responsibilities - ETF fund managers are responsible for daily management of ETF portfolios, ongoing research, and sales support, emphasizing the need for risk management and liquidity control [14][15] - The role requires a deep understanding of market dynamics and the ability to communicate effectively with clients, especially during product launches and roadshows [17][19] - Fund managers often participate in numerous roadshows, with some reporting up to 200 events annually, reflecting the importance of client engagement in the ETF space [19][22] Compensation Structure - ETF fund managers typically receive a compensation package that includes a fixed salary and performance bonuses, with a focus on long-term performance metrics [22][25] - The performance evaluation criteria for ETF managers include not only the scale of assets managed but also the overall competitiveness of the index team and market position [25][27] - Despite the growth of the ETF market, compensation for ETF managers is generally lower than that of active equity fund managers, reflecting the industry's competitive nature and cost pressures [27]