Core Insights - The report highlights a decline in the proportion of individual investors holding equity funds in 2024 compared to 2023, indicating a shift in the investor landscape [1][2][3] Individual Investor Holdings - As of the end of 2024, individual investors held 15.69 trillion units of public funds, accounting for 53.89% of the total, while institutional investors held 13.43 trillion units, representing 46.11% [1] - The share of individual investors in stock funds decreased significantly by 7.29 percentage points, while their holdings in mixed funds and bond funds increased [2] - The most held fund by individual investors was the招商中证白酒指数A, with over 4.8 million holders, where individual investors accounted for 97.91% of the shares [2] Fund Turnover Rates - The overall turnover rate of public funds increased in 2024, with open-end funds showing a turnover rate of 2.3895 times, up from 2.2376 times in 2023 [3][4] - Over 60% of fund companies reported an increase in turnover rates, with 兴合基金 leading at 20.3 times [4] - A total of 63 equity funds had turnover rates exceeding 10 times, primarily those with lower asset sizes [4][5] Fund Manager Strategies - Some fund managers opted for a more static approach, particularly among large funds exceeding 100 billion in size, where only six funds had turnover rates above 1 time [5] - Notably, several large funds, such as 易方达消费行业股票, exhibited very low turnover rates, below 0.2 times [5]