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,
zhangyahan@efunds.com.cn, pr@efunds.com.cn
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