8月26日，ETF同时创下两个纪录：总规模首次突破5万亿元，百亿元以上的产品数量首次超过100只。 从第一个万亿到第五个万亿，ETF历时从16年缩短至4个月，在本轮行情中持续受到资金青睐。 受访人士表示，市场对指数投资理念的接受度日趋提升，从热衷追逐个股、择时博弈逐步转向资产配 置，这有助于平抑市场非理性波动，提升价值发现效率。未来，随着股指期货、ETF期权等衍生品工具 持续丰富，ETF生态圈将更趋成熟，吸引更多投资者参与。 持续发挥"锚"和"缓冲垫"作用 同时，单只规模在百亿以上的ETF数量超过100只，创下历史新高。根据统计，截至8月26日，全市场百 亿ETF规模达到101只，有7只规模在千亿元以上，前4只均为沪深300ETF。华泰柏瑞沪深300ETF，规模 为4182.80亿元，是规模最大的ETF。易方达沪深300ETF规模接近3000亿元，华夏沪深300ETF规模接近 2200亿元，嘉实沪深300ETF规模为1918.14亿元。华夏上证50ETF、南方中证500ETF、易方达创业板 ETF规模均超过1000亿元。 此外，百亿ETF中已有不少热门主题产品和债券产品。华夏中证机器人ETF、国泰中证煤炭ET ...

ETF市场正式进入5万亿时代。 Wind数据显示，截至8月25日收盘，全市场ETF规模达到5.07万亿元。 自4月18日全市场ETF规模站上4万亿元以来，这一仅用4个月就完成的规模跨越，再一次刷新 了ETF"万亿里程"的新纪录。 从4万亿到5万亿的阶段性跨越，也是2025年以来ETF市场发展的缩影：A股市场回暖带动基金 净值显著上升，成为年内ETF规模增长的核心引擎；资金积极涌入行业主题ETF与港股ETF， 反映出投资者借道指数化工具捕捉轮动机会的策略倾向；债券ETF持续获青睐，则体现出市场 中仍存在对稳健收益的大量需求…… 华泰柏瑞指数投资部负责人向21世纪经济报道记者指出，ETF市场的快速发展，既代表着中国 投资者日益成熟、能够更加擅长使用多元化的金融工具来实现自身的投资目标，也代表着中国 向亚洲、乃至全球资产管理中心的地位迈出了一大步。 "中国ETF市场具有'要么涨净值，要么增份额'的跨周期特征，因此无论未来一段时间市场环境 如何变化，可能都会稳步达到下一个万亿。"该负责人表示，"随着市场规模的持续扩大，每一 个万亿所需要的增长幅度越来越小、节奏进一步加快，也是应有之义。" ETF市场全景扫描 Wind ...

Core Insights - The ETF market in China has officially surpassed 5 trillion yuan, reaching a total size of 5.07 trillion yuan as of August 25, marking a significant milestone in its development [1][2] - The rapid growth from 4 trillion to 5 trillion yuan occurred in just four months, reflecting the recovery of the A-share market and increased investor interest in various ETF products [1][5] - The growth in the ETF market is indicative of the increasing maturity of Chinese investors and their ability to utilize diverse financial instruments to achieve investment goals [1][12] Market Overview - As of August 25, the total number of ETFs has reached 1,273, with 219 new ETFs launched this year [2] - The total number of ETF shares has increased to 28.01 billion, a rise of 1.48 billion shares compared to the end of last year [2] Investment Types - Stock ETFs account for 68.25% of the total ETF market size, with a current scale of 3.46 trillion yuan [3] - The largest stock ETF is the Huatai-PB CSI 300 ETF, with a size of 412.88 billion yuan, followed by several other major ETFs in the same category [3] - The latest sizes for other ETF categories are as follows: Cross-border ETFs at 753.72 billion yuan, Bond ETFs at 555.90 billion yuan, Commodity ETFs at 153.26 billion yuan, and Currency ETFs at 142.47 billion yuan [4] Growth Drivers - The increase in ETF size from April 18 to August 25 is primarily driven by equity ETFs, which contributed 512.29 billion yuan to the total growth [6][8] - Bond ETFs have seen significant growth, with an average increase of 81 million yuan per fund, driven by demand for stable returns in a declining interest rate environment [8] - Cross-border ETFs have experienced the fastest growth in terms of shares, with a total increase of nearly 1 billion shares and a size growth of 255.97 billion yuan [9] Competitive Landscape - There are currently 55 public fund ETF issuers in the market, with 14 firms managing over 100 billion yuan in ETF assets [12] - The top five fund companies by total ETF management scale account for 85.42% of the market, with Huaxia Fund leading with 859.13 billion yuan [12] Future Outlook - The rapid growth of the ETF market is expected to continue, driven by the increasing diversity of products and ongoing policy support for index investment [14][15] - The Chinese ETF market has surpassed Japan to become the largest in Asia, with expectations for further growth in cross-border ETF investments as capital market openness increases [16]

21世纪经济报道记者 黎雨辰 ETF市场正式进入5万亿时代。 Wind数据显示，截至8月25日收盘，全市场ETF规模达到5.07万亿元。 自4月18日全市场ETF规模站上4万亿元以来，这一仅用4个月就完成的规模跨越，再一次刷新了ETF"万 亿里程"的新纪录。 从4万亿到5万亿的阶段性跨越，也是2025年以来ETF市场发展的缩影：A股市场回暖带动基金净值显著 上升，成为年内ETF规模增长的核心引擎；资金积极涌入行业主题ETF与港股ETF，反映出投资者借道 指数化工具捕捉轮动机会的策略倾向；债券ETF持续获青睐，则体现出市场中仍存在对稳健收益的大量 需求…… 华泰柏瑞指数投资部负责人向21世纪经济报道记者指出，ETF市场的快速发展，既代表着中国投资者日 益成熟、能够更加擅长使用多元化的金融工具来实现自身的投资目标，也代表着中国向亚洲、乃至全球 资产管理中心的地位迈出了一大步。 "中国ETF市场具有'要么涨净值，要么增份额'的跨周期特征，因此无论未来一段时间市场环境如何变 化，可能都会稳步达到下一个万亿。"该负责人表示，"随着市场规模的持续扩大，每一个万亿所需要的 增长幅度越来越小、节奏进一步加快，也是应有之义。" ...

【导读】易方达创业板ETF最新规模突破 1000 亿元 中国基金报记者 方丽 孙晓辉 又一只 千亿 元 级ETF诞生！ 截至8月25日收盘，易方达创业板ETF最新规模突破千亿元大关，为全市场规模 最大的 创业板ETF。 截至目前，全市场已有7只千亿 元 级股票ETF大单品，涉及沪深300、上证50、中证500、创业板指等核心指数。 创业板大涨，也 让 创业板ETF 规模节节攀升 。 数据显示， 截至8月25日收盘，易方达创业板ETF最新规模 达到1007.08亿元，这是继 去年11月13日之后，该ETF 规模 再次突 破千亿 元 大关。 易方达创业板ETF成立于2011年9月20日，最初发行份额为5.62亿份。受"9 · 24"行情推动，该ETF的基金份额于去年10月9日一度达到 567.27亿份的历史新高，当时在10月8日至11月13日期间规模基本持续超过1000亿元。 此后，随着市场涨跌，份额也随之出现波动。截 至目前，最新份额 为367.69亿份 。 随着创业板持续上行，易方达创业板ETF单位净值也收获较大涨幅，使得该ETF规模最终 再次 突破千亿元大关。 Wind统计显示，这也是全市场第7只千亿 元 ...

具体来看，101只ETF规模超百亿元，7只超千亿元，规模超千亿元的均为宽基ETF。华泰柏瑞沪深 300ETF最新规模4128.8亿元，全市场规模最大，后面依次为易方达沪深300ETF、华夏沪深300ETF、嘉实 沪深300ETF、华夏上证50ETF、南方中证500ETF、易方达创业板ETF。 | | | | 规模超千亿元的ETF一览（截至8月25日收盘） | | | | --- | --- | --- | --- | --- | --- | | 序号 | 代码 | 名称 | 最新资产 净值(亿元) | 管理公司 | 比较基准 | | 1 | 510300. SH | 沪深300ETF | 4.4182.80 | 华泰柏瑞基金 | 沪深300指数 | | 2 | 510310. SH | 沪深300ETF易方达 | 1968.65 | 易方达基金 | 沪深300指数 | | | 510330. SH | 沪深300ETF华夏人 | 2.191.06 | 依直喜等 | 沪深300指数 | | 4 | 159919. SZ | 沪深300ETFy | 1, 918. 14 | 嘉实基金 | 沪深300指数 | | ...

【环球网财经综合报道】8月25日，A股延续大涨态势，沪指涨1.51%逼近3900点，沪深两市全天成交额3.14万亿，较上个交易日放量5944亿，为 历史第二高成交额。 今年以来，ETF份额增加1377.51亿份，同比增加5.19%，总规模增加1.23万亿，增幅33.11%，单日成交额较年初几近翻倍，新发ETF219只，总数 达1271只。规模增加远超份额增加，主要因市场上涨使ETF净值提升。 市场大涨带动ETF规模持续攀升，全市场规模超百亿的ETF数量增至101只，创历史新高，新晋百亿ETF多为热门产品。宽基ETF资金流出明显， 千亿ETF仍保持6只，华泰柏瑞沪深300ETF净值上涨后再次回到4000亿元以上，易方达沪深300ETF超2900亿元。101只百亿ETF合计规模达3.77万 亿，占全市场近76%。 从基金公司看，华夏基金旗下百亿ETF最多，达14只，合计规模7285.11亿元；易方达以13只、6698.11亿元紧随其后；国泰基金8只排名第三，广 发基金7只位列第四；华泰柏瑞、南方、博时、富国基金各有6只，华泰柏瑞旗下百亿ETF合计规模5172.48亿元排行业第三；嘉实和华宝基金各有 5只百亿ETF ...

养老金视角，本期较上一期持股增加的养老金基金共计1个，即基本养老保险基金一二零五组合，持股 增加占比达0.3%。 2025年8月23日，纳思达(002180.SZ)发布2025年半年度报告。截至2025年8月22日，共有22个机构投资 者披露持有纳思达A股股份，合计持股量达6.41亿股，占纳思达总股本的45.07%。其中，前十大机构投 资者包括珠海赛纳科技有限公司、香港中央结算有限公司、易方达基金-中国人寿保险股份有限公司-分 红险-易方达国寿股份成长股票型组合单一资产管理计划(可供出售)、易方达基金-中国人寿保险股份有 限公司-分红险-易方达国寿股份成长股票型组合单一资产管理计划(可供出售)、招商银行股份有限公司- 易方达品质动能三年持有期混合型证券投资基金、基本养老保险基金一二零五组合、中国工商银行股份 有限公司-华泰柏瑞沪深300交易型开放式指数证券投资基金、东方证券股份有限公司-中庚价值先锋股 票型证券投资基金、中国建设银行股份有限公司-易方达沪深300交易型开放式指数发起式证券投资基 金、易方达均衡成长股票，前十大机构投资者合计持股比例达41.41%。相较于上一季度，前十大机构 持股比例合计上涨了0 ...

Group 1: ETF Growth Overview - A total of 644 stock ETFs experienced growth in scale from August 18 to 19, accounting for nearly 60% of approximately 1100 ETFs, with a combined increase of nearly 33.6 billion yuan [2][3] - The leading ETF in terms of scale growth was the E Fund ChiNext ETF, which increased by 2.885 billion yuan, bringing its total scale close to 93.68 billion yuan [3] - Other notable ETFs with significant growth include the Fortune CSI Hong Kong Stock Connect Internet ETF, which grew by 1.849 billion yuan, and the Huatai-PB CSI 300 ETF, which increased by 1.565 billion yuan [3] Group 2: Market Sentiment and Trading Activity - The recent rise in the Shanghai Composite Index above 3700 points has notably stimulated buying enthusiasm among investors, as indicated by the increase in ETF scale [2][5] - The average daily trading volume of stock ETFs has shown improvement, with the average reaching 132.226 billion yuan in the first two trading days of the week, compared to previous weeks where it ranged from 80.3 billion to 103.8 billion yuan [5][6] - The shift in investor sentiment is crucial for market recovery, as historical data suggests that changes in ETF fund flows can serve as a reference for market trends [5][6] Group 3: Long-term Market Outlook - Analysts suggest that the A-share market may gradually transition into a "slow bull" pattern, driven by a combination of policy measures and improving corporate earnings [6] - The current market dynamics differ from previous bull markets, as the influx of institutional, insurance, and foreign capital has accelerated following the breach of key index levels [6] - The market's volume and index growth rate are currently moderate, indicating that the downside risk remains relatively controllable [6]

Core Viewpoint - The recent surge in stock ETFs indicates a growing market enthusiasm, but the actual scale increase remains modest, suggesting that a shift in investor expectations and momentum from major funds will take time to develop [1][4]. Group 1: ETF Scale Growth - On August 18, stock ETFs saw their total scale increase from 35,131.71 billion to 35,574.63 billion, marking a growth of 442.92 billion, or 1.26% [2]. - A total of 802 stock ETFs experienced scale growth, representing over 70% of the nearly 1,100 stock ETFs in the market, with 13 ETFs growing by more than 10 billion [2]. - Notable ETFs include Huatai-PB CSI 300 ETF, which grew by nearly 35 billion, and E Fund ChiNext ETF, which increased by over 30 billion [2]. Group 2: Trading Activity - On August 18, the trading volume for stock ETFs exceeded 1 trillion, with significant active buying and selling, particularly for E Fund Hong Kong Securities Investment Theme ETF, which had buy and sell amounts of 168.19 billion and 162.46 billion respectively [3]. - The average daily trading volume for stock ETFs reached 1,454.54 billion on August 18, a significant increase from previous weeks [6]. Group 3: Market Trends and Predictions - Analysts suggest that the stock ETF market is showing signs of a trend reversal, with net inflows observed on August 18 after a prolonged period of outflows [4]. - The market is expected to gradually transition into a "slow bull" phase, driven by policy support and improving corporate earnings, contrasting with previous rapid market movements [7][8]. - The current market dynamics are characterized by a focus on high dividend and growth stocks, indicating a strategic shift in fund allocation [8].