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ESG产品月报(2025.8):权益类ESG产品业绩亮眼-20250731
Guoxin Securities·2025-07-31 09:44

Core Insights - The ESG public fund products have shown significant performance, with a notable increase in the number of newly issued products peaking in November 2024, January 2025, and March 2025, while experiencing sharp declines in February and July 2025 [2][8] - The overall scale of ESG products has grown over the past two years, but with clear differentiation; ESG strategy funds and social responsibility theme funds have led in growth, while pure ESG and corporate governance themes have seen slower development [2][8] - The issuance of ESG bonds has been highly volatile, with a peak issuance amount of 190.155 billion yuan in April 2025, and a low of 37.844 billion yuan in January 2025 [2][13] - The number of ESG bank wealth management products has shown an "S-shaped" trend, with a steady increase in the number of products from 368 in June 2023 to 1,033 in June 2025 [2][17] ESG Product Overview - The monthly issuance of ESG public funds has fluctuated significantly, with the highest number of new products in November 2024 and January and March 2025, while February and July 2025 saw a sharp decline [8] - The total number and scale of ESG public funds have shown an upward trend from June 2023 to July 2025, with ESG strategy funds and social responsibility theme funds experiencing the most significant growth [8][9] ESG Bond Products - The monthly issuance amount of ESG bonds has shown considerable volatility, with peaks in April 2025 (190.155 billion yuan) and July 2025 (151.159 billion yuan) [13][2] - There are 13 ESG bonds rated A or above, with most having a term of 3 years and coupon rates above 2%, primarily classified as green bonds and sustainable development-linked bonds [13][2] ESG Bank Wealth Management Products - The number of ESG bank wealth management products has steadily increased, reaching 1,033 by July 2025, indicating strong market interest [17][2] - The growth in pure ESG theme products is steady, while social responsibility theme products have seen significant increases, although environmental protection themes have lagged [17][2] Public Fund Classification Tracking - For public equity and mixed equity funds, the pure ESG theme products have maintained a stable scale, with leading products like "Caitong Sustainable Development Theme" achieving a return of 16.31% in July 2025 [2][22] - The environmental protection theme funds have shown a declining trend in scale, with the "Penghua Carbon Neutral Theme C" product experiencing significant growth from 0.35 million yuan to 8.732 billion yuan [27][2] Representative Product Performance - The "Huatai-PB Quality Selection" fund achieved a return of 22.76% in July 2025, with a significant focus on information technology [61][2] - The "Huabao Core Advantage" fund recorded a return of 21.46% in July 2025, maintaining a high equity position [72][2]