年内ETF发行创历史新高 科创主题成市场焦点

Core Insights - The passive index investment has gained popularity among investors due to its advantages of closely tracking market trends, low operational costs, and stable investment style [1][3] - The number of ETFs issued in 2025 has reached a historical high, with 322 ETFs launched and a total issuance of 244.644 billion shares, significantly surpassing the total for the previous year [1] Group 1: ETF Market Overview - Among the 322 ETFs issued this year, 283 are equity ETFs, accounting for 87.89% of the total issuance, with a total of 149.395 billion shares, representing 61.07% of the total shares [1] - Bond ETFs follow with 32 issued, making up 9.94% of the total, and a total issuance of 91.483 billion shares, which is 37.39% of the total [1] - QDII funds have seen only 7 issued this year, with a total issuance of 3.767 billion shares, but the total shares reached 10.052 billion, indicating strong demand for overseas investment tools [1] Group 2: Thematic ETFs - The market has shown a strong interest in Sci-Tech ETFs, with 66 such ETFs issued this year, making up 20.50% of the total, and a total issuance of 50.178 billion shares, also 20.51% of the total [2] - Free cash flow ETFs have also gained traction, with 29 issued, accounting for 9.01% of the total, and a total issuance of 16.771 billion shares, which is 6.86% of the total [2] Group 3: Market Dynamics and Drivers - The increase in ETF issuance is attributed to several factors: enhanced policy support, improved market conditions, the inherent advantages of ETFs, and a diversified funding structure [3] - Regulatory bodies have issued documents to promote index investment, leading to increased approval efficiency and a supportive environment for ETFs [3] - The A-share market's upward trend has boosted ETF net value growth, particularly in active sectors like technology, enhancing investor willingness to enter the market [3] - ETFs are characterized by low fees and risk diversification, with product lines expanding into niche areas to better meet diverse investment needs [3] - Long-term funds are increasing their allocation to ETFs for stable investment, while individual investors are gradually raising their ETF holdings due to heightened risk awareness [3]