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

As of the end of the second quarter of 2026, the second-quarter reports of public funds have been fully disclosed. There were 2,548 sponsored funds across the market, belonging to 143 public fund institutions, with total assets under management of RMB 3.75 trillion. At the end of the first quarter, 142 institutions had a total of 2,407 sponsored funds, with total AUM of RMB 3.44 trillion. In the second quarter, the number of sponsored funds increased by 141, and total AUM increased by RMB 307.49 billion. The overall growth rate of public funds was 5.73% quarter-on-quarter, while the growth rate of sponsored funds was 9.01%.

In terms of industry landscape, China Asset Management had the largest number of existing sponsored funds, with 129. GF Fund Management had the largest total AUM of sponsored funds, totaling RMB 315.912 billion. Fullgoal Fund saw a massive increase of RMB 70.954 billion in a single quarter, with its total sponsored fund AUM rising from RMB 143.423 billion at end-Q1 to RMB 214.377 billion at end-Q2. Bank of China Investment Management suffered the largest contraction in sponsored fund AUM, decreasing by RMB 60.259 billion in the quarter, a drop of 39.81% quarter-on-quarter, exiting the 100-billion club.

At the end of Q2, there were 10 fund institutions with sponsored fund AUM exceeding RMB 100 billion. The top five were GF Fund, E Fund, Zhong Ou Fund, Fullgoal Fund, and China Asset Management. GF Fund was the only institution with AUM exceeding RMB 300 billion. Tianhong Asset Management, Yongying Fund, Harvest Fund, China Universal, and Southern Fund all had sponsored fund AUM exceeding RMB 100 billion.

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

As of end-Q2, among the top 10 sponsored funds by AUM, GF Tian Tian Hong and Zhong Ou Gun Qian Bao Money Market ranked first and second, with AUM of RMB 200.943 billion and RMB 153.654 billion, respectively. Under Ren Jie, Yongying Technology Smart Select had AUM of RMB 34.641 billion, and under Zhang Haixiao, Yongying Pioneer Semiconductor Smart Select had AUM of RMB 32.916 billion, increasing by RMB 17.151 billion and RMB 14.922 billion from end-Q1, respectively. Du Houliang's Zhong Ou Information Technology grew by RMB 13.405 billion in the quarter to RMB 22.478 billion, while Han Hao's AVIC Opportunity Navigator grew by RMB 10.257 billion to RMB 22.424 billion. Ping An Technology Select saw its AUM surge 2,942.04% in Q2 to RMB 16.141 billion, and Oriental Alpha Technology Smart Select grew 1,033.95% to RMB 17.783 billion.

The number of sponsored products with AUM exceeding RMB 10 billion increased from 34 at end-Q1 to 55 at end-Q2, belonging to 25 fund institutions. Fullgoal Fund had the largest number of such products, with 6; ICBC Credit Suisse, China Asset Management, E Fund, Yongying Fund, and Zhong Ou Fund each had 5. Among the 55 billion-level sponsored products, there were 14 medium- and long-term pure bond funds, 11 equity-biased hybrid funds, 7 passive index funds, 7 passive index bond funds, and 6 hybrid secondary bond funds. Fullgoal's 6 billion-level products were all bond-type funds; ICBC Credit Suisse's 5 were all medium- and long-term pure bond funds; Yongying's 5 were all equity-biased hybrid funds; China Asset Management's 5 included 4 passive index funds; E Fund's 5 included 2 passive index funds and 2 passive index bond funds; Zhong Ou Fund's 5 included 2 equity-biased hybrid funds, 1 money market fund, 1 short-term pure bond fund, and 1 ordinary equity fund.