36万亿元！公募规模再创新高 为持有人赚钱是“硬道理”

Core Viewpoint - The scale of public funds in China has reached a new historical high, surpassing 36 trillion yuan, with a total of 13,128 funds as of the end of August 2025 [2][3][6]. Fund Scale and Performance - As of August 2025, the total net asset value of public funds in China is 36.25 trillion yuan, with 164 fund management institutions, including 149 fund management companies and 15 asset management institutions with public qualifications [3]. - The number of public funds has increased to 13,128, with 1.31 million products available, marking a growth of 114 products from the previous month [5]. - The equity fund category, which includes mixed and stock funds, has seen significant growth, reaching 9.71 trillion yuan, an increase of over 960 billion yuan from July [6]. Fund Types and Trends - The performance of equity funds has been strong, with both the mixed equity fund index and stock fund index rising approximately 49% over the past year, contributing to the expansion of high-performing funds [6]. - Despite the growth in equity funds, bond funds have experienced a decline, with a reduction of 28.5 billion yuan to 7.21 trillion yuan [6]. Industry Direction and Investor Focus - The industry is shifting towards a model that prioritizes investor interests, emphasizing the importance of both fund performance and investor returns [7]. - Fund companies are increasingly implementing measures to manage investor behavior, such as limiting purchases during market peaks to help investors benefit from fund growth [8]. - The trend of lowering fees in the fund industry is expected to create more opportunities for quality services, including investor education and diversified product design [9].