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Public fund assets under management surpass 38 trillion yuan, reaching a new high for 11 consecutive months
The publicly offered fund industry’s scale has set yet another record. According to the latest data from the China Securities Investment Fund Industry Association, as of the end of February this year, the total assets under management for public funds first surpassed 380 trillion yuan, reaching new highs for 11 consecutive months. In terms of breakdown by product type, in February the fund industry saw growth in multiple areas, with all fund categories reporting positive growth in fund shares. Over the past more than one year, the scale of publicly offered funds has surged by more than 6 trillion yuan. In the view of industry insiders, as reform measures in the industry accelerate their implementation, the industry is moving toward high-quality development. (Securities Times)