GUANGZHOU, China, July 5, 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.
![Changes in AUMS of China's Equity ETFs Changes in AUMS of China's Equity ETFs](https://mma.prnewswire.com/media/2454291/Changers_AUMS_China_s_Equity_ETFs.jpg)
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.
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