Core Insights - The ETF market has experienced significant growth in 2025, with a total of 351 new ETF products issued, reaching an issuance volume of 2,554.55 billion units, surpassing the total issuance of the previous two years [1] - Equity ETFs dominate the market, with 312 equity-type ETFs issued, accounting for 88.89% of the total number and 62.71% of the total issuance volume [1] - Bond ETFs also saw a record year in 2025, with 32 new products issued and a total issuance volume of 914.83 billion units, exceeding historical totals [1] Market Dynamics - The growth in ETF issuance is driven by policy support, expedited approval processes, and the increasing popularity of index investing, alongside a market recovery that has created a profit incentive [2] - ETFs are attracting both institutional and individual investors due to their low fees, risk diversification, ease of trading, and high transparency [2] - The product line is diversifying into niche sectors, cross-border investments, and bonds, catering to various asset allocation needs of different investors [2] Sector Trends - Technology-themed ETFs have become the most sought-after products in 2025, with 47 new ETFs issued that include "technology" in their names, representing 13.39% of total issuance and 26.04% of total issuance volume [2] - The growth of technology ETFs is supported by favorable policies and clear industry trends, particularly in AI, semiconductors, and computing power, enhancing the certainty of industry growth [3] Issuer Landscape - In 2025, 47 public fund institutions participated in ETF issuance, with 31 institutions issuing at least 2 products and 15 institutions issuing over 10 products [3] - E Fund ranked first with 31 products and an issuance volume of 172.41 billion units, followed by China Universal with 26 products and 160.12 billion units, and Penghua Fund with 25 products and 135.27 billion units [3]
年内ETF发行超2500亿份创新高 股票ETF为发行主力军
Zheng Quan Shi Bao Wang·2025-12-22 09:16