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The latest data is out! In July, the net redemption of hybrid funds was nearly 29.8 billion shares, and the growth of stock fund shares was mainly due to these three types of ETFs

2024-08-26

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Following the heated discussion over the redemption of 500 billion yuan from active equity funds in the first half of 2024, the movements of public funds in July once again attracted continued attention from investors.

The latest data released by the China Securities Association recently showed that by the end of July 2024, the total shares of public funds increased to 29.95 trillion shares, and the net asset value also increased to 3.149 billion yuan. Specifically, the total shares and net asset value of stock funds, bond funds, money market funds and QDII funds have increased to varying degrees, and only hybrid funds have further shrunk. In July, hybrid funds were redeemed by another 29.8 billion shares, and the total net asset value fell below 3.5 trillion yuan.

Hybrid funds saw a net redemption of 29.8 billion shares in July

The latest data released by the China Securities Association shows that as of July 31, 2024, the total number of public fund products in the market was 12,094, an increase of 58 from the end of June; the total shares increased from 29.66 trillion to 29.95 trillion during the same period, and the net asset value also increased to 31.49 trillion yuan, an increase of 1.3%. In the first seven months of 2024, the asset size of public funds also increased from 27.5 trillion yuan to more than 31 trillion yuan, an increase of 14%. In terms of monthly performance, except for a slight decline in January, the remaining months have seen significant growth.