中证A500ETF总规模突破3000亿元 宽基ETF成机构心头好

Core Insights - The new generation core broad-based product, the CSI A500 ETF, has seen intense competition in scale, with its total scale surpassing 300 billion yuan for the first time as of December 26, setting a historical record [1][2] - The total scale of domestic ETFs has also reached a new high, exceeding 6 trillion yuan on December 26, reflecting significant growth in the ETF market [1][4] - Institutional investors, particularly insurance and pension funds, are increasingly using public ETFs to enhance their index product allocations, making broad-based ETFs a core choice for asset allocation [1][7] ETF Scale and Performance - As of December 26, the CSI A500 ETF has recorded a net inflow of over 960 billion yuan in December alone, with five ETFs in this category surpassing 30 billion yuan in scale [2][3] - The leading CSI A500 ETF, Huatai-PB, has a scale exceeding 48.5 billion yuan, contributing significantly to the overall net inflow [2][3] - The inflow pattern shows a concentration in top-performing products, with the leading ETFs capturing over 90% of the total net inflow in December [3] Market Trends and Future Outlook - The rapid growth of domestic ETFs has been notable, with the scale increasing from 1 trillion yuan in October 2020 to over 6 trillion yuan by December 2025 [4] - The ETF market includes various types, with stock ETFs exceeding 3.8 trillion yuan and significant contributions from cross-border and bond ETFs [4] - The index investment ecosystem is expected to continue evolving, with a focus on clear style indices and multi-asset indices, which are likely to gain more attention from institutional investors [7]