激增60%！“A股行业ETF王牌”规模突破1300亿元创历史新高

Core Insights - The domestic ETF market has seen significant growth in 2025, with total assets increasing by nearly 2 trillion yuan, surpassing 5.7 trillion yuan for the first time [1][2] - The market has shifted focus from broad index ETFs in 2024 to industry-themed ETFs in 2025, driven by sectors like innovative pharmaceuticals, AI, chips, banking, and non-ferrous metals [1][2] - Hua Bao Fund has experienced rapid growth in its ETF business, with a 60.80% increase in management scale, reaching 131.49 billion yuan in the first ten months of 2025 [1][2] ETF Market Performance - The total scale of stock ETFs in the market grew by 836.80 billion yuan, marking a 28.98% increase [2] - Hua Bao Fund's stock ETFs expanded to 39, with a management scale increase of 49.72 billion yuan, reaching a historical high of 131.49 billion yuan [2] - As of October 31, 2025, Hua Bao Fund's total ETF scale (including money market ETFs) surpassed 200 billion yuan, reaching 204.73 billion yuan, ranking in the top 10 of the public fund industry [2] Key ETFs and Their Performance - The brokerage ETF (512000) has become a market leader, with a net profit of 182.55 billion yuan for 49 listed brokerages, a 61.87% year-on-year increase [3] - Despite a modest year-to-date increase of 6.05% for the brokerage index, significant capital inflows into the brokerage ETF indicate a potential for valuation recovery [3] - Other notable ETFs include the financial technology ETF (159851) with a net inflow of 53.54 billion yuan, and the banking ETF (512800) with 105.95 billion yuan [3] Growth of High-Value ETFs - The number of ETFs with over 10 billion yuan in scale has increased, with three ETFs surpassing the 10 billion yuan mark in 2025 [4] - Hua Bao Fund now has five stock ETFs in the "billion club," with a combined scale of 106.29 billion yuan [4] - The brokerage ETF (512000) is nearing the 40 billion yuan mark, while the medical ETF (512170) leads its category with a scale of 25.64 billion yuan [4] Investment Returns - The growth in ETF scale is supported by substantial returns, with 23 of Hua Bao Fund's ETFs yielding over 20% returns since the beginning of 2025 [5] - Notable performers include the Hong Kong Stock Connect Innovative Pharmaceutical ETF (520880) with an 83.47% increase and the Entrepreneurial Board AI ETF (159363) with an 80.97% increase [5]