GUANGZHOU, China, July 4, 2024
/PRNewswire/ -- In the first half of 2024, the A-share ETF
market scaled a new record high and the market size surpassed
US$292 billion, with broad-based ETFs
as the main driving force. According to Wind, the assets of
broad-based ETFs doubled from US$83
billion in mid-2021 to over US$171
billion, increasing their share from 41% to 59%. Meanwhile,
25 fund companies launched a total of 84 stock ETFs, an increase of
27 from the same period last year, with a combined initial offering
size exceeding US$5.8 billion. Among
them, E Fund, the largest fund manager in China, topped the market with ten new ETF
launches[1] and over
US$505k in fundraising.
A-share broad-based ETFs led the way with US$54.4 billion in net inflows, taking up more
than 90% of the total net inflows. The top 10 ETFs were all
broad-based, reflecting the performance of indexes such as the CSI
300, CSI 500, SSE 50, CSI 1000, ChiNext, and STAR 50. The E Fund
CSI 300 ETF (Code: 510310) ranked first in terms of fund flows.
Additionally, 23 broad-based ETFs have been launched, with CSI A50
ETF being the most favored. Ten ETFs tracking the CSI A50 index,
including E Fund CSI A50 ETF (Code: 563080), gathered nearly
US$2.3 billion, accounting for almost
40% of the new issuance this year.
On the other hand, high dividend yield ETFs attracted continuous
inflows of approximately US$2.1
billion, backed by strong returns. The CSI Dividend Total
Return Index and CSI Dividend Low Volatility Total Return Index
delivered gains of 11% and 15% respectively. Riding on this
momentum, fifteen high dividend yield ETFs were introduced in the
first six months of this year, covering high dividend yield assets
listed in A-share and Hong Kong
stock markets. Notably, E Fund rolled out E Fund Hang Seng SCHK
High Dividend Low Volatility ETF (Code: 159545) in March, which
tracked the performance of companies listed in Hong Kong and included in Stock Connect,
adding to the diversity of onshore investors' portfolios.
About E Fund
Established in 2001, E Fund Management Co., Ltd. ("E Fund") is a
leading comprehensive fund manager in China with close to RMB
3.3 trillion[2]
(US$ 454 billion) under management.
It offers investment solutions to onshore and offshore clients,
helping clients achieve long-term sustainable investment
performances. 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.
Note:
[1] Launch
means the fund contract comes into effect.
|
[2] As
at Jun 30, 2024. AuM includes subsidiaries. Source: PBoC,
Wind.
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/a-closer-look-at-h1-2024-a-share-etf-market-rise-of-broad-based-and-high-dividend-yield-etfs-302189802.html
SOURCE E Fund Management