The Asset Management Association of China released data for the public offering mutual fund market in April. By the end of April, there were 165 public fund management institutions in China, including 150 fund management companies and 15 asset management institutions with public offering qualifications. The total net asset value of the managed public funds reached 39.36 trillion yuan, surpassing the 39 trillion yuan mark for the first time and setting a new historical record.

Compared to 37.53 trillion yuan at the end of March, the total scale of public funds surged by 1.82 trillion yuan in April alone, representing a month-on-month increase of 4.86%. The number of products increased by 134, and the total share count rose by 795.282 billion units. Over the past year, the total scale of public funds has broken its historical record 11 times consecutively.

By fund type, the public fund market in April exhibited a rare "across-the-board growth" trend, with net asset values of major categories including equity, hybrid, bond, money market, QDII, and FOF all showing month-on-month increases.

In terms of absolute scale, as of the end of April, money market funds reached 16.23 trillion yuan, remaining the largest category. Bond funds followed with 11.40 trillion yuan, while equity funds and hybrid funds stood at 5.28 trillion yuan and 4.16 trillion yuan, respectively. Additionally, the scale of fund of funds (FOF) was 343.08 billion yuan, and other funds (including QDII, REITs, commodity funds, etc.) amounted to 1.95 trillion yuan.

From a month-on-month growth perspective, over 1.15 trillion yuan flowed into fixed-income products such as bond funds and money market funds in April, contributing the largest increment to the overall scale. Specifically, money market funds saw a significant increase of 641.529 billion yuan, and bond funds grew by 512.754 billion yuan. Meanwhile, equity funds increased by 3.23%, and hybrid funds rose by 10.40%, indicating notable inflows into equity assets. Furthermore, QDII funds and FOF funds also experienced growth in scale during April.

Overall, the public fund market demonstrated a positive trend characterized by "stable assets anchoring, equity assets recovering, and diverse categories rising together."

Standing at the new starting point of 39 trillion yuan, the public fund industry is transitioning from scale expansion to a phase of high-quality development. A series of policies, including the "Action Plan for Promoting High-Quality Development of Public Funds," are being implemented, with continuous improvements in industry fee reforms, the strengthening of long-term assessment mechanisms, and investor protection systems. Industry insiders anticipate that, against the backdrop of a low-interest-rate environment and the ongoing trend of household wealth migration, there remains room for sustained growth in the scale of public funds.