Since the beginning of this year, index funds have been developing rapidly. In November, the issuance of passive index funds reached a new high. Industry insiders have stated that as index products continue to expand, their influence will further increase, and the impact of index adjustments on the market will become increasingly significant. Equity funds surpass one trillion in November Data shows that in terms of the date of establishment, 98 new funds (initial funds) were established in November, with a total fundraising scale of 147.416 billion shares, the third highest of the year so far. Of note is that the issuance scale of equity funds (stock funds + hybrid funds) reached 108.644 billion shares in November, the last time the issuance scale of equity funds exceeded one trillion in a single month was in December 2021. In December 2021, the issuance scale of stock funds was 305.68 billion shares, while the issuance scale of hybrid funds was 931.44 billion shares. In addition, there have been several months in 2021 where the issuance scale of hybrid funds exceeded one trillion, with the highest being in January 2021 at 3763.92 billion shares, the highest in the history of public funds. Newly established index funds in November Specifically, in November 2024, 54 new stock funds were established, with a total fundraising scale of 1046.33 billion shares, the second highest in the history of public funds, second only to June 2015. Looking at the product details, out of the 54 newly established stock funds, 51 were passive index funds, with a total fundraising of 989.52 billion shares. Among them, the main products were the CSI A500ETF and ETF connecting products, with 29 related products raising a total of 936.45 billion shares. It should be noted that some CSI A500ETF connecting products have transitioned, such as GF CSI A500 connecting and E Fund CSI A500 connecting. The trend of index investing continues According to fund issuance statistics, as of December 2nd, there will be 33 funds starting subscription this month, with 13 of them being index funds. Apart from the CSI A50, CSI A100, and CSI A500 related index products, there are also products related to the Shanghai and Shenzhen 300, CSI 800, and other related indices. According to incomplete statistics, among the recently reported index funds, there are eight Shanghai 180 ETF products, seven ChiNext 50 ETF products, and eight companies ETF products that track the benchmark bonds of both Shanghai and Shenzhen markets. In addition, there are also industry index funds such as the ChiNext artificial intelligence ETF. As of the end of the third quarter, the proportion of passive index funds holding A-share market value reached 51.11%, surpassing actively managed equity funds for the first time. Industry insiders have stated that with the continuous expansion of index products, their influence will further increase, and the impact of index adjustments on the market will become increasingly significant. This article is reprinted from "Wind Stocks", edited by Li Fo.