Sponsor-Type Fund Assets Rise 9.01% QoQ to RMB 3.75 Trillion; Tech Equity Leads New Launches

As of end-Q2 2026, public fund second-quarter reports were fully disclosed. There were 2,548 sponsor-type funds across the market, managed by 143 public fund institutions, with total assets under management of RMB 3.75 trillion. At end-Q1, 142 institutions had 2,407 sponsor-type funds with total AUM of RMB 3.44 trillion. In Q2, 141 funds were added, and AUM increased by RMB 307.49 billion. The overall public fund scale grew 5.73% quarter-on-quarter, while sponsor-type total scale grew 9.01% quarter-on-quarter.

By industry, China AMC had the most existing sponsor-type funds at 129. GF Fund had the largest total sponsor-type scale at RMB 315.912 billion. Fullgoal Fund increased by RMB 70.954 billion in a single quarter, with its sponsor-type scale rising from RMB 143.423 billion at end-Q1 to RMB 214.377 billion at end-Q2. Bank of China Investment saw the largest decline, down RMB 60.259 billion, a 39.81% quarter-on-quarter drop, exiting the RMB 100-billion club.

At end-Q2, 10 institutions had sponsor-type scale exceeding RMB 100 billion, with GF Fund, E Fund, China Europe Fund, Fullgoal Fund, and China AMC ranking in the top five. GF Fund was the only one above RMB 300 billion. Tianhong, Yongying, Harvest, China Universal, and Southern all had sponsor-type scale above RMB 100 billion.

In Q2 new supply, there were 59 partial equity hybrid funds, 46 passive index funds, and 9 ordinary stock funds, totaling 114, accounting for over 80% of the 141 newly established products. Among new active equity products, 54 were industry theme funds, including 22 tech theme funds. Among the 46 passive index products, 30 were ETFs, mainly focused on tech industry themes.

At end-Q2, among the top 10 sponsor-type products by scale, GF Tiantianhong and China Europe Gunqianbao money funds ranked first and second, with RMB 200.943 billion and RMB 153.654 billion respectively. Yongying Keji Zhixuan, managed by Ren Jie, had RMB 34.641 billion, and Yongying Xianfeng Bandaoti Zhixuan, managed by Zhang Haixiao, had RMB 32.916 billion, up RMB 17.151 billion and RMB 14.922 billion from end-Q1. China Europe Xinxi Keji, managed by Du Houliang, grew by RMB 13.405 billion to RMB 22.478 billion in the quarter, while AVIC Jiyu Linghang, managed by Han Hao, grew by RMB 10.257 billion to RMB 22.424 billion. Ping An Keji Jingxuan grew 2,942.04% to RMB 16.141 billion, and Oriental Alpha Keji Zhixuan grew 1,033.95% to RMB 17.783 billion.

Sponsor-type products with scale exceeding RMB 10 billion increased from 34 at end-Q1 to 55 at end-Q2, belonging to 25 institutions. Fullgoal had the most with 6, while ICBC Credit Suisse, China AMC, E Fund, Yongying, and China Europe each had 5. Among the 55, there were 14 medium-to-long-term pure bond funds, 11 partial equity hybrid funds, 7 passive index funds, 7 passive index bond funds, and 6 hybrid secondary bond funds. Fullgoal's 6 were all bond funds, ICBC Credit Suisse's 5 were all medium-to-long-term pure bond funds, Yongying's 5 were all partial equity hybrid funds, China AMC's 5 included 4 passive index funds, E Fund's 5 included 2 passive index and 2 passive index bond funds, and China Europe's 5 included 2 partial equity hybrid, 1 money market, 1 short-term pure bond, and 1 ordinary stock fund.