券商资管最新公募规模出炉!东方红重回两千亿,来看各家市场研判

Core Insights - Major brokerage asset management firms have significantly recovered in Q3, with notable growth in public fund management scale [1][2] - The A-share market performed well in Q3, leading to increased asset management scale for firms focusing on active equity products [1] - Several fund managers reported impressive returns, with some products achieving net value growth exceeding 40% in Q3 [1][2] Fund Management Performance - As of September 30, 2025, four brokerage asset management firms have public fund management scales exceeding 100 billion yuan, including Dongfanghong Asset Management (203.91 billion yuan), Huatai Securities Asset Management (172.32 billion yuan), Bank of China International Securities (131.83 billion yuan), and Caitong Asset Management (105.02 billion yuan) [1] - Dongfanghong Asset Management saw its public fund management scale increase by over 24 billion yuan compared to the end of June, surpassing 200 billion yuan [1] - Fund managers such as Fu Yixiang and Miao Yu reported significant product performance, with several funds achieving nearly 50% returns in Q3 [1][4] Investment Trends and Insights - Fu Yixiang emphasized that artificial intelligence represents a long-term industrial trend, enhancing efficiency and return on equity for companies [3] - Miao Yu highlighted the scarcity of high-quality manufacturing in the global market, suggesting that these stocks should be reasonably priced [4] - Jiang Cheng noted that the current market uptrend is supported by positive fundamentals across various sectors, particularly in AI and new energy [5] - Xu Jingze focused on the smart robotics industry as a core growth area for the next 5-10 years, indicating a shift towards companies with core competitiveness [6] - Bao Jianwen adjusted his portfolio to increase semiconductor exposure, focusing on domestic AI and digital economy sectors [7]