E Fund Management Sees Growing Investor Interest in ChiNext ETF

Avatar photo
Business Intelligence

GUANGZHOU, China, May 26, 2023 /PRNewswire/ — E Fund Management (“E Fund” or the “Company”), a leading asset management firm with offices in mainland China and Hong Kong, has seen significant performances in its exchange-traded fund (ETF) products with its E Fund ChiNext ETF (159915.SZ) particularly drawing attention from investors for its large volume of transactions.

The ChiNext Board, a Nasdaq-style board on the Shenzhen Stock Exchange, is gaining popularity with 15 ETFs tracking the performance of the ChiNext Index, while the E Fund ChiNext ETF managed to top the list in terms of daily turnover volume and fund size.

It seems that investors are becoming more active in trading ChiNext-linked ETFs. As of May 22, the net inflow for the 15 ETFs tracking the ChiNext Index has amounted to over 18.3 billion yuan (US$2.59 billion), already surpassing the full-year net inflow of 17.5 billion yuan (US$2.49 billion) in 2022, according to Wind. Specifically, the E Fund ChiNext ETF came in first with its average daily turnover value of 1.18 billion yuan (US$167 million) over the past year.

The ChiNext Index tracks the 100 stocks with the largest market capitalization and liquidity on Shenzhen’s ChiNext Board, and reflects the overall performance of the board, making it one of the most essential indexes for tracking the Chinese A-share markets. The growing investment activities underscore the sentiment for the country’s emerging industries, as the ChiNext Index indicates the development direction for the country’s burgeoning sectors. In recent years, companies in the fields, such as new energy, electric vehicle, information technology, biotech, and new materials, have seen rapid growth.

The E Fund ChiNext ETF released the 2022 report on March 30. As of the end of 2022, the ChiNext Index has put much weight for stocks related to the new energy, financial services, medical instruments manufacturing and industrial automation sectors among its top 10 components.

Looking ahead, Xi Cheng, who manages the E Fund ChiNext ETF, stated that China’s domestic economy is expected to enter the stage of recovery. In the long term, the technology and advanced manufacturing industries may continue to gain momentum against the backdrop that the country has been making efforts to promote systemic reform in line with China’s vision for self-innovation.

About E Fund Management

Established in 2001, E Fund Management Co., Ltd. (“E Fund”) is the largest mutual fund manager in China, with close to RMB 3 trillion (approx. USD 431 billion) total assets under management as of March 31, 2023. It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performance. E Fund’s clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. Long-term oriented, it has been focusing on the investment management business since inception and believes in the power of in-depth research and time in investing. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers. E Fund is based in Guangzhou and has offices in Beijing, Shanghai, Shenzhen, Hong Kong, etc.

CONTACT: Iris Zhang, [email protected], [email protected]

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/e-fund-management-sees-growing-investor-interest-in-chinext-etf-301835389.html

SOURCE E Fund Management

相關文章

空難遺屬要求罰波音248億美元並追究刑責

 新華社北京6月20日電 美國波音公司737 MAX 8型客機2018年和2019年兩起空難的部分遺屬19日要求對波音處以248億美元罰款,並對當時的波音高層提起刑事訴訟。

【時事評論】澳門與歐盟經貿關係再成焦點 

五月是澳門的歐洲月,令一項具歷史意義的高經濟價值合作關係再次成為人們關注的焦點。重拾疫情爆發前的傳統,澳門於今年5月16日舉行雞尾酒會,作為慶祝歐洲日活動,歐盟和澳門特別行政區政府亦派出代表出席。5月9日被定為“歐洲日”,以紀念《舒曼宣言》的簽署,也是歐洲一體化進程開始的紀念日。

“抖音”能否提升人們的出行意願?

一項新的研究顯示,目的地推廣人員可以巧用短視頻平台日益普及的東風,提升消費者前往特色地點旅行的意願。 

【特刊】娛樂場:市場佔有率變化

回到2004年5月,隨著澳門迎來首家外資娛樂場開幕,博彩業開放改革成績亮眼。澳門金沙在澳門半島隆重開幕,拉開了黃金年代的序幕,路氹金光大道和嶄新的綜合度假村模式迅速佔據了中心舞台。作為澳博的前身,澳娛多年的壟斷經營被多元格局所取代,六家營運商和多個第三方運營的“衛星”場(大多數在澳博牌照下運營)各據一方。 

澳門端午假期首兩日迎入境旅客259,308人次

根據澳門治安警察局提供的數據顯示,澳門在端午節三天連假的前兩日共錄得入境旅客259,308人次。

香港輿論和社會各界:京港滬港夕發朝至高鐵為香港帶來新機遇

新華社香港6月5日電(記者王茜)廣深港高鐵香港段將引進臥鋪動車組列車,並於6月15日起開通來往香港西九龍站及北京西站、上海虹橋站的夕發朝至列車班次。香港輿論和社會各界對中央這一惠港新措施表示熱烈歡迎,期盼香港能抓住由此帶來的新機遇。