假期访谈了十多位基民，发现这些新变化

Core Viewpoint - The public fund industry in China has reached a total scale of 36.25 trillion yuan, marking a significant increase and reflecting the growing demand for wealth management among investors [3][5][6]. Group 1: Market Overview - As of August 2025, the total net asset value of public funds in China has increased by 1.17 trillion yuan, a growth rate of 3.34% compared to the end of July [5]. - This is the 11th time since 2024 that the total scale of public funds has reached a historical high, and the fifth time this year [5][6]. - The number of public fund investors has exceeded 800 million, highlighting the industry's role in supporting the real economy and promoting financial stability [5][6]. Group 2: Investor Behavior Changes - Interviews with investors reveal a shift towards increased allocation in equity funds, preference for passive index products, and a focus on technology-themed funds [3][6]. - Investors are diversifying their portfolios, with many holding multiple types of funds, including money market funds, mixed funds, and passive index funds [9]. - There is a growing rationality in investment timing, with investors employing strategies like cost averaging and flexible trading, moving away from reliance on specific investment slogans or star investors [9][10]. Group 3: Investment Strategies - Investors are increasingly adopting a multi-faceted approach to fund selection, with some holding as many as 11 different funds [7][9]. - The trend of "from stocks to funds" is evident, as investors transition from direct stock investments to diversified fund portfolios, including broad-based and thematic ETFs [10].