这项业务最赚钱！三大头部公募利润曝光……

Core Viewpoint - The article highlights the operational performance of three leading public funds in China: E Fund, GF Fund, and Southern Fund, emphasizing their strategic focus on overseas business expansion as a key driver for growth in net profits and assets under management [1][2][10]. Group 1: Financial Performance - E Fund reported a revenue of 12.11 billion yuan in 2024, a decrease of 3.13% from 2023, with a net profit of 3.9 billion yuan, an increase of 15.33% year-on-year [4]. - GF Fund achieved a net profit of approximately 1.99 billion yuan, with total assets of about 18.45 billion yuan and net assets of around 12.02 billion yuan [4][5]. - Southern Fund's net profit reached 2.35 billion yuan, with total managed assets of 24.70 billion yuan, including 13.19 billion yuan in public fund assets [6]. Group 2: Strategic Focus on Overseas Expansion - The three funds are increasingly focusing on overseas markets to drive their second growth curve, with E Fund and Southern Fund actively pursuing international clients and investments [2][7][9]. - Southern Fund's significant investments in companies like Meitu and Pop Mart, which have shown substantial growth in overseas markets, reflect this strategy [8]. - E Fund's collaboration with Itaú Asset Management in Brazil aims to attract more institutional clients from the region, showcasing its commitment to internationalization [12]. Group 3: Market Trends and Future Outlook - The article notes that the trend of public funds expanding overseas is becoming a critical measure of their strength and growth potential, aligning with China's broader capital market opening [11]. - The regulatory environment is supportive of this trend, with initiatives aimed at enhancing cross-border investment opportunities [11]. - The focus on overseas markets is seen as a response to the need for public funds to avoid excessive competition domestically and to tap into new growth opportunities [13].