Gelonghui, December 27丨Last night, the China Fund Industry Association released the latest public fund market data. By the end of November this year, the latest total size of domestic public funds reached 27.45 trillion yuan, an increase of 71,175 billion yuan over October, ending the previous three-month decline. The total share of public funds reached 26.20 trillion, and the number of funds was 11,400.

The increase in the size of public funds in November was mainly due to bond funds and QDII funds. The monthly size of the two types of funds increased by 203.8 billion yuan and 20.4 billion yuan respectively. In addition, equity funds also gained net subscriptions due to stock ETFs bucking the trend, and achieved scale growth.

This year is a big year for ETF development, and the size of the global ETF market reached a new high in 2023.

According to Huafu Securities statistics, the scale of global ETF products has been growing steadily over the past 20 years. At the end of 2003, the global ETF size was only US$21.2 billion. Since then, it has continued to grow, breaking through $1 trillion for the first time in 2009 and breaking the 10 trillion yuan mark in 2021. The scale only shrunk during the 2008 global financial crisis and 2022. According to the latest data at the end of November 2023, the global ETF size has reached 10.7 trillion US dollars, an increase of 7.6% over the end of last year. In terms of the number of products, the number of ETF products has increased year by year in the past 20 years, and the growth rate has accelerated since 2020. As of the end of November 2023, there were 10,251 ETFs listed and traded globally, with a total of 724 new ETFs added throughout the year.

In terms of regional distribution, the US is the most important ETF market in the world, accounting for about 70% of the share. Other major markets include Europe (15.2%) and Japan (4.7%). Looking at capital flows, as of the end of November this year, the cumulative net capital inflow for global ETF products was 803.1 billion US dollars, a slight increase of 2.1% over the previous year. The net inflow scale is also at a high level in history.

The US dominates the global ETF market, followed by Europe and Japan. By the end of November 2023, the size of US ETFs was about 7517 billion US dollars, accounting for about 70%, followed by European ETFs of about 1635 billion US dollars, accounting for 15.2%. The remaining major markets include Japan, the Asia-Pacific region and other regions. The net inflow of global ETF capital in 2023 is at a historically high level, with equity ETF capital inflows leading the way.

According to ETFGI data, the net capital inflow for global ETF products from January to November 2023 was US$803.1 billion, a slight increase of 2.1% over the previous year. The net inflow was the second highest in history, after $1.1 trillion in the same period in 2021. Looking at the share of capital inflows from various products, the net inflow of stock ETFs was 397.4 billion US dollars, accounting for 49.5%. The net inflow of bond ETFs was 250 billion US dollars, accounting for 31.1%. The net inflow was up nearly 15% from last year, and the net outflow from commodity ETFs was 14.1 billion US dollars, the same as last year.

Notably, A-share investors have continued to buy ETFs since December. As of December 26, the total management scale of 826 stock ETFs in the entire market was 1.65 trillion yuan. Since December, the net inflow of capital through stock ETFs has been about 91.7 billion yuan. The Shanghai Stock Exchange 50 and the Shanghai and Shenzhen 300 indices are the main directions of capital inflows.