文：陈梦 近年来，随着居民财富管理需求升级和被动投资理念普及，指数投资加速兴起。公募 指数 产品也 凭 借低成本、高透明度和分散风险等优势， 逐步成 为主流配置选择。 今年以来，公募指数产品的规模也是快速增长的。天相投顾数据显示，截至三季度末，非货币ETF、 ETF联接基金及其它场外指数基金规模合计逼近8万亿元，年内增长超2万亿元。 市场持续扩容下，竞争也日趋激烈。随着行业指数投资逐步从规模扩张转向高质量发展道路，指数业 务是否仍值得基金公司大幅投入、发展？而基金公司该如何破局同质化竞争、打造差异化优势？本期 走进工银瑞信基金系列栏目，让我们一起深入探讨。 指数业务 未成定局，未来仍值得大幅投入 近年来，尽管国内指数基金市场不断扩容， 但相较于 海外 成熟市场 仍有较大差距。因此，业内普 遍认为指数投资 市场 仍有 较大 成长 空间 。无论是指数研发、产品布局，还是投教服务、生态构 建，都 蕴含着巨大的发展潜力。 工银瑞信认为， 基金行业指数业务远未 形成 定局，中国 经济高质量发展 是中国指数业务高质量发 展的基石。 后续，公司 将遵循国家产业政策，依据行业发展的规律，创造能代表未来趋势的指数产 品，助力投 ...

Core Insights - The public fund industry in China has seen rapid growth in index products, with the total scale of non-monetary ETFs, ETF-linked funds, and other off-market index funds nearing 8 trillion yuan, marking an increase of 2.1 trillion yuan year-to-date [1] - The growth trajectory has been consistent, with a quarterly increase of 0.7 trillion yuan from Q1 to Q2 and a further increase of 1.4 trillion yuan from Q2 to Q3 this year [1] - The overall scale of public index products has reached new heights, surpassing 1 trillion yuan for the first time in 2019, doubling to over 2 trillion yuan by Q3 2021, and further exceeding 5 trillion yuan by Q3 2024, now approaching 8 trillion yuan [1] Company Performance - Leading fund companies have shown exceptional performance in managing public index products, with two firms surpassing 1 trillion yuan in scale [1] - E Fund Management leads the market with approximately 1.11 trillion yuan in assets under management, followed closely by Huaxia Fund with around 1.08 trillion yuan [1]

Core Insights - The public fund industry has achieved a new milestone with the total market public index product scale approaching 8 trillion yuan [1] Group 1: Market Overview - The total scale of non-monetary ETFs is nearly 5.5 trillion yuan, while ETF-linked funds reach 0.9 trillion yuan, and other off-market index funds are close to 1.6 trillion yuan [1] Group 2: Company Performance - Leading fund companies have shown significant performance, with two managers' public index product scales exceeding 1 trillion yuan [1] - E Fund leads the market with approximately 1.11 trillion yuan in scale, followed closely by Huaxia Fund at about 1.08 trillion yuan, and Huatai-PB Fund with a related scale of 0.6 trillion yuan [1]