Wind万得·2025-07-21 22:31Core Insights - The public fund market in China has generated a record profit of 5.94 trillion yuan for holders from 1998 to Q2 2025, with the total market size reaching nearly 34 trillion yuan in the same quarter [1][3]. Fund Market Overview - As of the end of Q2 2025, the total public fund size reached 33.73 trillion yuan, reflecting a quarter-on-quarter increase of 6.69% [5]. - The ETF market has also set a new record, with the total ETF size reaching 4.31 trillion yuan, and non-monetary ETFs accounting for 4.14 trillion yuan [17]. - The number of new public fund products launched in Q2 2025 was 375, raising over 280 billion yuan, a 12.16% increase from the previous quarter [3]. Fund Performance - In Q2 2025, the top 20 funds by profit were predominantly broad-based ETFs, with profits generally exceeding 2 billion yuan [10]. - The overall net profit of public funds in Q2 2025 surpassed 380 billion yuan [13]. Fund Types and Statistics - The breakdown of fund types as of Q2 2025 is as follows: - Stock funds: 4,279.9 billion yuan, up 6.17% - Mixed funds: 3,207.6 billion yuan, down 0.22% - Bond funds: 10,913.4 billion yuan, up 8.55% - Money market funds: 14,231.1 billion yuan, down 6.79% - Alternative investment funds: 175.3 billion yuan, up 45.25% [6]. Asset Allocation - As of Q2 2025, bond assets accounted for 57.79% of the total, while cash assets increased to 12.88% [28]. - The average market value of A-shares held by public funds over the past three years was 5.59 trillion yuan [29]. Stock Holdings - The top 20 stocks held by active funds include: - Ningde Times: 54.07 billion yuan - Kweichow Moutai: 30.62 billion yuan - Midea Group: 29.81 billion yuan [37]. - The top 20 stocks with increased holdings by active funds in Q2 include: - Zhongji Xuchuang: 10.17 billion yuan - Xinyi Semiconductor: 7.97 billion yuan [39]. International Holdings - The top 20 international stocks held by active funds include: - Tencent Holdings: 85.25 billion yuan - Alibaba Group: 41.39 billion yuan [46]. - The top 20 international stocks with increased holdings by active funds include: - NVIDIA: 14.97 billion yuan - Microsoft: 14.81 billion yuan [48].