公募基金周报：公募基金首破35万亿元-20250902

1. Report Industry Investment Rating - No relevant information provided 2. Core Views - Important news: The scale of public funds has exceeded 35 trillion yuan for the first time, and the total scale of China's ETFs has exceeded 5 trillion yuan [2][5] - Market review: In the week from August 25th to August 29th, 2025, the major broad - based indexes of the A - share market showed an upward trend, while most overseas indexes showed a downward trend [2][7] - Fund market review: Most active equity funds achieved positive returns last week, with the median return of active equity funds being 2.02%. Technology and cyclical theme funds performed outstandingly [2][11] - ETF fund statistics: The top three ETF categories in terms of performance last week were technology, A - share broad - based, and manufacturing theme ETFs. There were 519 ETFs with net capital inflows and 523 with net outflows [2][18] - Fund market dynamics: Last week, 47 public funds had new fund managers, 44 new public funds were established, 31 entered the issuance stage, and 63 were waiting to be issued [2][27][34] - Equity fund issuance tracking: The issuance scale of equity funds last week was 206.68 billion yuan, an increase of 11.50 billion yuan from the previous week. There are still 808.29 billion yuan of new funds waiting to be invested [2] 3. Summary by Directory 3.1 Important News - Market dynamics: As of the end of July 2025, the net asset value of domestic public funds reached 35.08 trillion yuan, and as of August 25th, the total scale of China's ETFs exceeded 5 trillion yuan [5] - Product hotspots: In August, the new fund issuance scale was nearly 100 billion yuan, with equity funds gaining popularity. The number of personal pension wealth management products increased to 37 [6] - Overseas market: Foreign capital increased their allocation to the Chinese market and actively invested in stock funds. The latest heavy - holding stocks of QFII were exposed [6][7] 3.2 Market Review - A - share market: All major broad - based indexes rose, with the ChiNext Index rising 7.74% and the Shanghai Composite Index rising 0.84% [2][7] - Overseas market: Most overseas indexes fell, such as the German DAX falling 1.89% [2][7] - Industry performance: The communication and non - ferrous metal industries led the gains, while the coal and textile and clothing industries led the losses [9] 3.3 Fund Market Review - Active equity fund performance: Technology and cyclical theme funds performed well in the recent week, month, quarter, and year [11][14] - Top - performing fund statistics: The top - performing active equity fund last week was Kaishilan Leading Economy One - Year Holding, a technology - themed fund with a return of 24.09% [16][17] 3.4 ETF Fund Statistics - ETF performance: The top three ETF categories in terms of performance last week were technology, A - share broad - based, and manufacturing theme ETFs [18][19] - ETF fund flow: The top categories with net inflows were technology, financial real estate, and bond ETFs, while the top categories with net outflows were A - share broad - based ETFs [21][22] - ETF fund premium and discount: As of August 29th, 2025, the top three ETFs in terms of premium rate were China Construction Fund's CSI New Energy Vehicle Battery ETF, etc., and the top three in terms of discount rate were Founder Fubang's CSI STAR Market Innovation 50 ETF, etc. [25][26] 3.5 Fund Market Dynamics - Fund manager changes: Last week, 47 public funds had new fund managers, and 68 had fund manager departures [27][30] - Newly - established funds: 44 new public funds were established last week, with a total issuance share of 282.05 billion. Passive index funds were the most numerous and had the largest issuance share [34] - Newly - issued funds: 31 public funds entered the issuance stage last week, with passive index funds being the most numerous [2] - Funds to be issued: As of August 31st, 2025, there were 63 public funds waiting to be issued [2] - Equity fund issuance tracking: The issuance scale of equity funds last week was 206.68 billion yuan, and there are still 808.29 billion yuan of new funds waiting to be invested [2]