爆发式增长！突破2500亿元
Zhong Guo Zheng Quan Bao·2025-11-21 04:25

Core Insights - Domestic index investment has experienced explosive growth this year, with ETF product issuance entering a "fast lane" [1] - As of November 20, the number of newly established domestic ETFs and the total issuance scale have reached historical highs, surpassing 250 billion yuan, representing a doubling compared to 2024 [2] Group 1: ETF Product Growth - A total of 328 new ETFs have been established this year, with a combined issuance scale exceeding 250 billion yuan, marking a historical high [2] - The newly launched bond ETFs include 24 and 8 public fund institutions participating in the Sci-Tech Bond ETF and Benchmark Market Credit Bond ETF, with issuance scales of 69.773 billion yuan and 21.710 billion yuan respectively [2] - Equity ETFs focusing on themes such as "Double Innovation" and Hong Kong technology have gained popularity among public fund institutions, leading to significant increases in related index product allocations [2] Group 2: Performance of Newly Established ETFs - Newly established ETFs tracking themes like "Double Innovation," cash flow, and Hong Kong innovative pharmaceuticals have generally seen scale growth, with new scales exceeding 5 billion yuan for several products [3] - ETFs tracking the Sci-Tech Composite Index and the CSI A500 have seen a reduction in scale, with decreases of over 12 billion yuan and 7 billion yuan respectively [3] Group 3: Market Dynamics and New Entrants - The "Matthew Effect" continues in the ETF business, with major index firms actively expanding their ETF product lines while other public fund institutions explore differentiated and specialized strategies [4] - Major fund companies like E Fund, Fortune Fund, and Huaxia Fund have established over 20 new ETFs this year, with issuance scales of 18.828 billion yuan, 15.994 billion yuan, and 15.581 billion yuan respectively [4] - Smaller public fund institutions are also entering the ETF market, with companies like Changjin Heixin and Great Wall Fund launching their first ETFs this year [6]