Core Insights - The total scale of public funds in China has surpassed 36 trillion yuan, marking a historical high for the fifth time this year [1][2][3] - Active equity funds have been the main contributors to this growth, with stock fund net value increasing by 12.76% month-on-month, a rare occurrence historically [1][4] - The "seesaw" effect between stocks and bonds has been evident, with bond funds experiencing a slight decline in both share and net value [1][6] Fund Scale and Performance - As of the end of August, there are 164 public fund management institutions in China, managing a total net asset value of 36.25 trillion yuan, an increase of over 1.17 million shares from the previous month [2] - The total number of public funds reached 13,128, with a net value of 362,527.97 billion yuan, reflecting a month-on-month increase of 3.36% [3] Equity Fund Highlights - The Shanghai Composite Index rose by 7.97% in August, leading to a significant increase in active equity fund sizes, with stock fund shares increasing by 796.68 billion and net value rising by 6,280 billion yuan [4] - New fund issuance in August totaled 1,020 billion shares, with equity funds accounting for half of the total issuance [4] Bond Fund Trends - Bond funds saw a reduction of over 950 billion shares and a net value decrease of over 285 billion yuan in August [6] - The performance of bond funds varied, with convertible bond funds showing an average return of 6.29%, while passive index bond funds lagged behind [6][7] QDII Fund Developments - QDII funds benefited from significant gains in both Hong Kong and U.S. stock markets, with QDII fund shares increasing by 534 billion and net value rising by 672 billion yuan, reflecting a month-on-month increase of 9.21% [8]
突破36万亿!公募基金规模再创新高
券商中国·2025-09-27 12:43