Zheng Quan Shi Bao Wang·2026-01-22 00:36Group 1 - The core viewpoint of the article is that the ETF market has substantial growth potential both in the long term and for the current year, although the growth rate may continue to slow down this year [1] - The market share of public offerings is expected to continue rising, with a notable increase in the importance of institutional funds for asset management companies [1] - Industry-themed products are likely to remain a focal point in the short term, but their role in driving the ETF market's development is expected to diminish in the future [1] Group 2 - The prediction for active equity products is that they will slightly outperform or match the index by 2026, with a low probability of significantly outperforming the index [1] - For investors with a high certainty requirement for beta returns, passive index investing is still considered to have a better cost-performance ratio [1]