私募“活水”加速入市 2025年备案量破万彰显配置热情

Core Insights - The private securities product market is experiencing significant growth, with a total of 12,645 products registered in 2025, representing a 99.54% increase from 6,337 in 2024, indicating a rapid expansion of the industry [1][2] Strategy Distribution - Equity strategies dominate the private securities market, with 8,328 equity strategy products accounting for 65.86% of all registered products, reflecting strong investor interest in stock assets due to enhanced profitability in the A-share market [2] - Multi-asset strategies and futures/derivatives strategies follow, with 1,806 and 1,274 registered products respectively, representing 14.28% and 10.08% of the total, highlighting a growing emphasis on risk diversification among investors [2] - Bond strategies and combination funds have 492 and 512 registered products respectively, making up 3.89% and 4.05% of the total, contributing to a diversified landscape that caters to various risk preferences [2] Performance Overview - In 2025, nearly 90% of private securities products with performance records achieved positive returns, with 8,915 out of 9,934 products showing positive performance, resulting in an average return of 25.68% and a median return of 18.78% [5] - Equity strategies led in performance, with 90.19% of 6,298 equity products achieving positive returns and an average return of 29.99% [6] - Multi-asset strategies also performed well, with 90.61% of 1,321 funds achieving positive returns and an average return of 22.06%, demonstrating effective risk management [6] - Combination funds exhibited the highest stability, with 96.19% of 315 funds achieving positive returns, while futures and derivatives strategies had an 84.86% positive return rate with an average return of 17.24% [6]