The proportion of individual investors still holding equity funds and mainly holding stock funds has decreased compared to 2023

On April 1st, with the release of the 2024 annual report of public funds, the underlying shareholder structure map is gradually becoming clearer. Data shows that individual investors remain the main force in investing in equity funds, but the proportion of individual investors holding stock funds has decreased compared to 2023. In 2024, the overall shareholding turnover rate of public funds has improved, with over 60% of fund companies experiencing an increase in shareholding turnover rate, and some fund managers choosing to use static braking. According to data from Tianxiang Investment Consulting, as of the end of 2024, individual investors held 15.69 trillion shares of public funds, accounting for 53.89% of the total, while institutional investors held 13.43 trillion shares, accounting for 46.11%. In terms of classification, apart from bond funds and “other funds”, product types such as stock funds, hybrid funds, commodity funds, overseas investment funds, fund of funds (FOF), and money market funds are mostly dominated by individual investors. (China Securities Journal)

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