Decoding Hu'an Fund Annual Report: Record High in Management Scale, Cumulative Profit for Holders Exceeds 88 Billion Yuan | Industry Insights

Ask AI · How does Huatai Asset Management’s platform-based investment research system defend against market volatility?

In a volatile market environment, Huatai Asset Management’s active equities, indices, fixed-income, and other business lines’ competitiveness has continued to improve, demonstrating the resilience of its platform-based investment research system in navigating through cycles.

By Lin Yu

Recently, Huatai Asset Management disclosed its 2025 annual fund report.

The data show that in 2025, Huatai Asset Management’s non-money-market public offering fund scale grew year over year by more than 28%. Its total assets under management reached the highest level since the company’s founding. Cumulative distributions totaled 7.1 billion yuan, and profits created for unitholders exceeded 88 billion yuan.

In a volatile market environment, Huatai Asset Management’s active equities, indices, fixed-income, and other business lines’ competitiveness has continued to improve, demonstrating the resilience of its platform-based investment research system in navigating through cycles.

**** Core scale grows at two-digit rates, ****

**** Cumulative profits for unitholders exceed 88 billion yuan ****

In 2025, Huatai Asset Management’s non-money-market public fund asset management scale reached 530.08 billion yuan, a sharp year-over-year increase of 28%, while the public fund asset management scale totaled 814.12B yuan, up 17% year over year. Behind the rapid growth in scale is the company’s continuous investment in areas such as product structure, investment research capabilities, and customer service.

From the perspective of unitholder interests, in 2025 Huatai Asset Management’s funds delivered cumulative distributions of more than 7.1 billion yuan throughout the year, creating cumulative profits for unitholders of more than 88 billion yuan. This figure is both a reflection of Huatai Asset Management’s investment research strength and a fulfillment of its fiduciary responsibility—“entrusted by others, managing on behalf of others.”

**** Active Equities: ****

**** An outstanding investment-research team, system-based coordinated warfare ****

In the active equities segment, Huatai Asset Management has built an investment research team of more than 200 people. The internal cultivation ratio of fund managers exceeds 80%, forming a reasonable multi-generation lineup across “the old, middle-aged, and young.” The average years of experience of its research analysts reach 15 years.

In terms of investment research operations, the company divides by investment style into five subgroups: growth, value, balanced, industry selection, and multi-asset. The research function fully covers areas including macroeconomics, cyclicals, consumer, TMT, and advanced manufacturing, enabling rapid transformation of research outputs into investment strategies.

With this kind of structure, investment capabilities across different tracks can be matched with precision. Huatai Asset Management has featured investment portfolios such as the Technology Alliance, the Pharma Army, the New Energy Fleet, and its Hong Kong stock connection team. Through an efficient internal coordination mechanism, it integrates capabilities across multiple dimensions at the investment level—macro and industry research, quantitative and fundamental analysis, and domestic and overseas perspectives—ultimately achieving a multi-angle integration of strengths in investment.

**** Index Business: ****

**** Gold ETF scales lead the market; building “block-building theory” as an allocation tool ****

As one of the domestic fund companies that entered index and ETF businesses relatively early, Huatai Asset Management has built a complete ETF product system covering broad-based indices, industry and thematic themes, cross-border, commodities, and bond sectors.

As of December 31, 2025, Huatai Asset Management’s total ETF scale was 195.13B yuan. Compared with the end of 2024, the scale increased by 79.17B yuan, a year-over-year increase of 68%.

Among them, gold ETFs have continued to maintain a leading position in domestic scale. Their scale grew by 65.31 billion yuan to 93.99B yuan, while the Huatai CSI 50 ETF had a scale of 30.6 billion yuan.

In 2025, Huatai Asset Management increased the intensity of its ETF expansion. During the year, it established a total of 9 ETFs. The number of ETF products increased from 36 to 45. New listed products cover new-quality productive forces such as aerospace, artificial intelligence, and biotech.

It is understood that Huatai Asset Management’s “Huatai ETF” brand is based on the “block-building theory” concept, positioning ETFs as standard building blocks for constructing investment portfolios. At the same time, it builds a platform-based coordination system for “investment—research—promotion,” and launches two strategy index categories: sector rotation and asset allocation indices, providing reference for investors.

Over the past year, Huatai Asset Management carried out hundreds of online and offline investor service activities, and launched the “Block Planet” mini program to provide one-stop index investment education services for investors.

**** Fixed-Income Business: ****

**** Complete product lineup; real-world deployment of AI models ****

In the fixed-income business area, Huatai Asset Management’s product lineup has continued to improve. The successful issuance of the Sci-Tech Innovation bond ETF marks a key breakthrough in the company’s passive credit bond index space.

Currently, the company has formed a rich fixed-income product matrix covering categories such as pure bond, fixed-income plus, and bond index products. In Cathay Haitong Securities’ “Fixed-Income” rating, Huatai Asset Management ranked in the top 1/5 and top 1/3 quartiles in the most recent one year and three years, respectively. (As of the end of 2025)

In risk control, Huatai Asset Management continues to optimize the coordination mechanism of “investment research support for investing,” establishing a normalized credit risk special-topic discussion mechanism. By regularly organizing deep-dive bond selection meetings, it moves credit risk management forward into every investment decision.

At the same time, Huatai Asset Management is actively exploring the intelligent investment area. It independently develops AI interest-rate quantitative models to assist investment decision-making, helping improve investors’ investment experience and sense of gain.

**** Building a foundation through diversified businesses to enhance investors’ real-world feel ****

Non-money-market public offering growth leading in the industry, record-high total assets under management, cumulative unitholder profits exceeding 88 billion yuan, and coordinated efforts across all business lines… Huatai Asset Management’s 2025 results are the combined outcome of steady and sound operations driven by diversified business development.

As one of the first batches of public fund companies established, over the past 27 years Huatai Asset Management has gradually built an investment research capability circle covering all tracks and multiple strategies. By leveraging technology to empower development, innovating products, and upgrading services, it has transformed professional capabilities into an investment experience that investors can personally feel.

Risk warning: Funds involve risk; invest with caution. Past performance does not predict future results.