Private equity actively subscribes to ETFs in 2025. According to data from the Private Equity Ranking Network, 171 private equity firms entered the list of the top ten holders of 209 ETFs in 2025, with a total holding share of 3.341 billion shares. Subjective private equity is the main ETF subscription force. 86 subjective private equity firms held 1,257 billion ETF shares, accounting for 37.62% of the total share; followed by quantitative private equity, 45 quantitative private equity firms held 1,137 billion ETF shares, accounting for 34.03% of the total share. Among them, the QDII-ETF selected by China Merchants Asia is the most popular in private equity, with private equity holding about 87 million shares. In the industry sector, private equity holds the highest share of science and innovation-themed ETFs, reaching 30%. In terms of managers, Zhufeng Asset holds the most ETFs, with 280 million shares, while Zhongyi Asset and Shanghai Binghao Private Equity both hold 176 million shares, ranking second.

Private equity actively subscribes to ETFs in 2025. According to data from the Private Equity Ranking Network, 171 private equity firms entered the list of the top ten holders of 209 ETFs in 2025, with a total holding share of 3.341 billion shares. Subjective private equity is the main ETF subscription force. 86 subjective private equity firms held 1,257 billion ETF shares, accounting for 37.62% of the total share; followed by quantitative private equity, 45 quantitative private equity firms held 1,137 billion ETF shares, accounting for 34.03% of the total share. Among them, the QDII-ETF selected by China Merchants Asia is the most popular in private equity, with private equity holding about 87 million shares. In the industry sector, private equity holds the highest share of science and innovation-themed ETFs, reaching 30%. In terms of managers, Zhufeng Asset holds the most ETFs, with 280 million shares, while Zhongyi Asset and Shanghai Binghao Private Equity both hold 176 million shares, ranking second.