Financials · 14.5

Public Funds

Quantified news impact based on deduplicated, quality-reviewed events in a single 7-day window.

Average net impact+6weighted per event

Average gross impact14absolute weighted average

Events6same period

Confidence81%model average

Raw intensity62before weighting

Previous period+20net impact

Gross change-31%

Diffusion speed0.9 / day

Concentration29%

Direction disagreement58%

Source independence100%5 sources

IMPACT TREND

7-day effective impact

Positive 4 · Negative 1 · Mixed 1

+200-20

27 Jul, 131 event

28 Jul, 032 events

28 Jul, 170 events

29 Jul, 070 events

29 Jul, 210 events

30 Jul, 111 event

-11

31 Jul, 011 event

31 Jul, 150 events

1 Aug, 050 events

1 Aug, 190 events

2 Aug, 090 events

+16

2 Aug, 231 event

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term71%59 cumulative effective impact

Medium term29%24 cumulative effective impact

Long term0%0 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 1 · 6 events

Macro0

No evidence on this page.

Industries5

Industries3 Aug, 12:49positive

First Batch of Active ETFs Nears Launch as Fund Companies Prepare

China's first batch of actively managed exchange-traded funds is nearing launch, with fund companies conducting final compliance checks and system tests. The 18 participating fund managers split evenly between discretionary stock selection and quantitative strategies. Line-ups include value-style Wang Junzheng at Huaxia, Morgan's Li Bo, and quantitative specialists at Fullgoal and China Universal. Several firms assign dual managers—an active equity manager plus an ETF specialist—to handle creation and redemption logistics. Active ETFs require more complex systems than passive products, with daily holdings disclosure and benchmark constraints. China's ETF market stands near RMB 5 trillion.

Effective: +33
Intensity: 60
Confidence: 80%
Horizon: Short term

Industries31 Jul, 10:35negative

Index-Enhanced Funds Surpass 320 Billion Yuan; Sci-Tech Funds Lag in Excess Returns

The total assets under management of China's public mutual fund index-enhanced products exceeded RMB 320 billion by the end of the second quarter of 2026. Among 460 such funds, the average excess return year-to-date was 1.64%, with 127 funds (27.39%) underperforming their benchmarks. Sci-Tech index-enhanced funds lagged the most, as extreme market concentration and crowded quantitative strategies weighed on performance. One fund underperformed by over 20%, and nine by over 10%.

Effective: -24
Intensity: 65
Confidence: 85%
Horizon: Medium term

Industries28 Jul, 11:29positive

Q2 2026 Fixed-Income Plus Funds Reach 1925, Up 94 from Q1, Total RMB 3.55 Trillion

In the second quarter of 2026, the number of public fund fixed-income plus products expanded to 1925, managed by 152 firms, with total assets of RMB 3.55 trillion, up 94 funds and RMB 0.37 trillion from the previous quarter. Secondary debt bond funds dominated with 827 funds accounting for RMB 2.37 trillion, or 66.67% of the total. The top 10 fund houses managed RMB 1.79 trillion, representing 50.28% of the market. The number of funds with over RMB 10 billion in assets grew from 68 to 78.

Effective: +9
Intensity: 60
Confidence: 80%
Horizon: Short term

Industries28 Jul, 10:55positive

Public Fund Quantitative Strategy AUM Exceeds RMB 320 Billion in H1 2026, July Excess Returns Slide Broadly

Public fund quantitative product assets under management reached RMB 322.17 billion by end-June 2026, up 12.19% quarter-on-quarter, with active quant funds growing over 31% to about RMB 180 billion. However, July saw over 90% of index-enhanced products post negative returns, nearly 40% report negative excess returns, and over 70% of active quant products also recorded negative monthly returns. Excess returns for some products narrowed sharply, eroding first-half gains.

Effective: 0
Intensity: 70
Confidence: 80%
Horizon: Short term

Companies1

Companies27 Jul, 16:45positive

CITIC Securities Unit China Asset Management 2026 H1 Net Profit 1.413 Billion Yuan, Assets 2.91 Trillion Yuan

China Asset Management, a majority-owned subsidiary of CITIC Securities, reported a net profit of 1.413 billion yuan for the first half of 2026. Revenue reached 5.708 billion yuan, while total comprehensive income was 1.368 billion yuan. As of June 30, 2026, the company had total assets of 23.093 billion yuan and total liabilities of 7.728 billion yuan. Its assets under management stood at 2.91 trillion yuan.

Effective: +7
Intensity: 60
Confidence: 80%
Horizon: Short term

First Batch of Active ETFs Nears Launch as Fund Companies Prepare

Index-Enhanced Funds Surpass 320 Billion Yuan; Sci-Tech Funds Lag in Excess Returns

Q2 2026 Fixed-Income Plus Funds Reach 1925, Up 94 from Q1, Total RMB 3.55 Trillion

Sponsored Funds Total RMB 3.75 Trillion at End of Q2 2026, Up 9.01% QoQ; Over 80% of New Products Are Equity

Public Fund Quantitative Strategy AUM Exceeds RMB 320 Billion in H1 2026, July Excess Returns Slide Broadly

CITIC Securities Unit China Asset Management 2026 H1 Net Profit 1.413 Billion Yuan, Assets 2.91 Trillion Yuan