中长期资金合计持有沪市ETF共1.5万亿元 大幅增长70%

Core Insights - The Shanghai Stock Exchange (SSE) has actively promoted the entry of medium- and long-term funds into the market, significantly increasing the holdings of ETFs by these funds in 2025 [1] Group 1: Medium- and Long-term Fund Holdings - By the end of 2025, medium- and long-term funds held a total of 1.5 trillion yuan in Shanghai ETFs, representing a substantial increase of 70% compared to the end of 2024 [1] - The growth rate of medium- and long-term fund holdings in A-shares was 2.3 times that of the overall market, contributing over 40% to the increase in the scale of Shanghai ETFs [1] - The proportion of medium- and long-term funds' holdings in the total market value of Shanghai ETFs rose to 36%, an increase of 4 percentage points [1] Group 2: Specific Fund Categories - The insurance sector's holdings increased from 274.5 billion yuan to 371.4 billion yuan, marking a growth of 35%, and accounting for 9% of the total market value of Shanghai ETFs [1] - Bank wealth management products allocated five times more to Shanghai ETFs compared to the end of the previous year, while social security and trust funds increased their allocations to three times the previous year's levels [1]