专题：2025基金行业年终大盘点：公募规模近36万亿元，主动权益重夺主场，"冠军基"揭榜倒计时 今年以来，截至12月29日，已有超过280只公募基金进入清盘程序，与2024年全年的293只基本持平。基 金清盘逐渐成为行业常态，背后既与市场环境、投资者行为密切相关，也反映出公募基金行业持续优胜 劣汰的生态变化。 | 博 | 日期 | 全部登量 | 其中:险震型基金 | 其中:混合型基金 | 其中:情形型基金 其中:通济市场型基金 | 其中:男类投资基金 | 其中QDI基金 | 其中于OF基金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2025年12月 | R | | 17 | | | | | | 2 | 2025年11月 | 35 | | 16 | 4 | | | 5 | | | 2025年10月 | 16 | | | 2 | | | | | ની | 2025年09月 | 24 | | 10 | 6 | | | | | ર | 2025年08月 | રેસ | | 11 | 2 | | | ને | | 6 | 2005年07月 ...

至20251229 清盘结构：混合型基金数量居首，机构间分化明显 从清盘基金的类型分布来看，281只基金中，混合型基金数量最多，达127只，占比超过45%；其次为债 券型基金（53只）和股票型基金（51只），FOF基金也有36只清盘。 从基金管理人的视角看，清盘产品在机构间的分布呈现出显著分化。博时基金旗下产品清盘数量居首， 达到16只；海富通基金、华安基金、华宝基金与南方基金紧随其后，各清盘9只产品；而景顺长城基 金、申万菱信基金与银河基金也均有8只基金遭遇清盘，国联基金则以7只的数量位居其后。 专题：2025基金行业年终大盘点：公募规模近36万亿元，主动权益重夺主场，"冠军基"揭榜倒计时 今年以来，截至12月29日，已有超过280只公募基金进入清盘程序，与2024年全年的293只基本持平。基 金清盘逐渐成为行业常态，背后既与市场环境、投资者行为密切相关，也反映出公募基金行业持续优胜 劣汰的生态变化。 | દિવે | 日期 | 全部登量 | 其中:经典型基金 | 其中:混合型基金 | 其中:管得型基金 其中:通济市场型基金 | 其中:男类投资基金 | 其中QDI基金 | 其中于OF基金 | | --- | ...

□本报记者 万宇 今年以来，已经有超过270只公募基金清盘，多数原因是规模过小。值得一提的是，一些规模较小的绩 优产品即便在今年取得良好的业绩，也难逃清盘命运。业内人士表示，基金清盘已成常态化，投资者应 优先选择规模适中、业绩优良、投研实力强的基金产品。 超270只基金今年清盘 近期，多只基金清盘。华商基金12月20日公告，截至12月19日，华商创新医疗混合基金资产净值已连续 50个工作日低于5000万元人民币，触发基金合同约定的终止情形，基金管理人将根据相关法律法规、基 金合同等规定对基金进行清算并终止基金合同。基金的最后运作日为12月19日，于12月20日进入清算程 序。 国联基金12月19日公告，截至12月18日，国联研发创新混合已连续50个工作日基金资产净值低于5000万 元，已触发基金合同终止的情形。根据基金合同约定，基金管理人将终止基金合同并依法履行基金财产 清算程序，无需召开基金份额持有人大会。基金最后运作日为12月18日，12月19日进入清算程序。 此外，博时基金、中加基金、华宝基金等均在12月发布了旗下部分基金清盘的相关公告。Wind数据显 示，截至12月中旬，12月以来已有21只基金清盘， ...

Core Insights - The fund liquidation process is accelerating as the year-end approaches, with 270 funds having announced their exit this year, primarily due to insufficient scale or number of investors [2][5] - The trend of fund liquidation has become normalized, reflecting poor performance and loss of investor trust, pushing the industry towards a more refined product offering [2][5] Fund Liquidation Trends - As of December 18, 2023, the 17th fund of the month entered liquidation, with 47 additional funds issuing warnings about potential liquidation due to low asset values [3][4] - Equity funds are the most affected, with many newly established funds under a year old facing liquidation risks [4][5] Performance and Investor Trust - Over 60% of the funds that have exited this year are equity funds, attributed to poor performance and lack of investor confidence [5] - The market volatility has exacerbated the risks for "mini funds," which are funds with low asset values [5][9] Regulatory Changes and Fund Management - Fund companies are modifying automatic termination clauses to extend the liquidation period and provide more options for "mini funds," requiring investor input for decisions [6][8] - Failed attempts to hold shareholder meetings indicate low investor engagement, which complicates the decision-making process for fund companies [7][8] Market Dynamics - The current market environment has led to a significant number of funds struggling to maintain minimum asset values, with 2061 equity funds below 60 million yuan and 1586 below 50 million yuan [9]

2025.12. 17 临近年末，基金清盘步伐未见放缓。12月17日，海富通富利三个月持有发布基金份额持有人大会表 决结果暨决议生效的公告，该产品将在12月18日起进入清算程序。作为一只偏债混合型产品，该产 品成立于2021年7月，最新规模为0.11亿元；截至2025年12月16日，其A类份额的累计回报为 0.7%。这是12月以来退场的第17只基金产品（仅计算初始基金，下同）。 与此同时，清盘预警仍在密集发出。据第一财经初步统计，本月还有47只基金产品陆续发布关于基 金资产净值连续低于5000万元、或可能触发基金合同终止情形的清盘预警。若这些产品未能抓住市 场机会、规模实现有效增长，也面临着濒临清盘的窘境。 本文字数：2616，阅读时长大约4分钟 作者 | 第一财经 曹璐 临近年末，基金清盘步伐未见放缓。12月18日，本月第17只清盘基金正式进入清算程序。同时另有 47只产品密集拉响清盘警报。其中，不乏成立不足一年的次新基金，部分债券型产品也在债市调整 中面临压力。 Wind数据显示，今年以来已有270只基金宣告退场，超八成产品因规模或持有人数量不足而被迫出 局。值得关注的是，近来有多只"迷你基"借持有人大会 ...

Group 1 - The core viewpoint of the article highlights the ongoing trend of fund liquidations as the year-end approaches, with 270 funds having announced their exit this year, primarily due to insufficient scale or number of investors [1][3][4] - A total of 47 funds have issued liquidation warnings this month, indicating a significant number of products are at risk of being forced out of the market [2][3] - Equity funds are identified as the most affected category, with 171 out of the 270 liquidated funds being equity funds, representing over 60% of the total [3][4] Group 2 - The article notes that many newly established funds, including those less than a year old, are facing liquidation, reflecting a broader trend of underperformance and loss of investor confidence [1][2] - The bond market's continued adjustment in the fourth quarter has also led to several bond funds facing liquidation or warning signs, indicating a challenging environment for these products [3][4] - The industry is witnessing a shift towards a more selective approach, with resources likely concentrating on more competitive products as the number of funds exceeds ten thousand [1][5] Group 3 - Fund companies are modifying their automatic termination clauses to extend the liquidation period and provide more options for "mini funds," but the decision to liquidate or continue operations still requires investor input [5][6] - Instances of failed shareholder meetings to decide on fund continuance are becoming common, reflecting low investor engagement and interest in these products [6][7] - The article suggests that the decision to maintain or liquidate a fund often depends on the strategic positioning of the product within the company's portfolio, with some companies willing to retain funds that may have future potential [7][8]

Core Insights - The article discusses the performance of ESG mutual funds during the observation period from September 15 to September 19, 2022, highlighting a decline in returns for most fund categories except for broad ESG-themed index funds [1] - The broad ESG-themed funds continue to lead, with active funds showing an average weekly return of 7.01% and index funds at 4.55% [1] - Pure ESG-themed funds experienced a significant drop in returns, with active funds averaging 1.21% and index funds at 0.17%, and three funds reported losses [1] Fund Performance Summary - The top-performing broad ESG-themed active funds include: - "浦银安盛ESG责任投资A" with a weekly return of 2.18% and a total return since inception of -6.87% [3] - "兴证全球可持续投资三年定开" with a weekly return of 1.86% and a total return since inception of 38.05% [3] - The top-performing broad ESG-themed index funds include: - "鹏华国证ESG300ETF" with a weekly return of 0.39% and a total return since inception of 2.91% [6] - "国联安国证ESG300ETF" with a weekly return of 0.39% and a total return since inception of 16.12% [6] Fund Classification and Methodology - ESG funds are categorized into two main types: ESG-themed funds and broad ESG-themed funds, further divided into active and index funds based on investment strategies [8] - The weekly rankings are compiled from operational public funds, excluding those that have been liquidated, and will include ESG bond funds in future rankings [8]