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Korea Herald
2 days ago
- Business
- Korea Herald
Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
GUANGZHOU, China, June 13, 2025 /PRNewswire/ -- Starting June 16, the ChiNext Index will implement methodology adjustments, including a 20% cap on individual stock weights and an ESG negative screening mechanism, aiming to enhance the index's focus on high-growth, innovative firms while aligning with global standards. As of June 10, ETFs tracking the ChiNext Index held more than US$ 16.1 billion in assets, led by the E Fund ChiNext ETF (159915) accounting for US$ 11.6 billion under E Fund Management, China's largest mutual fund manager. Launched in 2010, the ChiNext Index, comprising 100 growth-oriented and innovative enterprises listed on the ChiNext Board, has undergone 53 revisions, reflecting China's economic transformation. The latest changes will further optimize its structure to emphasize emerging growth sectors –new-generation information technology (34%), new energy vehicle (24%) and healthcare (12%), underscoring its alignment with China's strategic shift toward high-tech innovation. According to Wind, its constituent companies have posted revenue growth of 9.5% YoY and ROE exceeding 12.5% in Q1 2025, demonstrating resilient profitability and breakthroughs in AI chips, EV batteries, and precision medicine. Valuation metrics reinforced appeal: the index trades at a 31x P/E ratio as of June 10, near the 10th percentile since its listing. By curbing concentration risks and embedding ESG criteria, the reforms strengthen the index's role in reflecting industrial evolution in China and global investment trends. International participation has surged through cross-border channels like Stock Connect, QFII, and feeder funds listed on foreign exchanges. The E Fund ChiNext ETF (159915), the largest among related ETFs, has consistently been the preferred instrument for international investors seeking exposure to China's tech-driven growth since its inclusion in the ETF Connect program in 2022, Over the past year, the fund has drawn in approximately US$ 2.55 billion, highlighting its appeal as a pivotal option in China's equity ETF market. About E Fund Established in 2001, E Fund Management Co., Ltd. ("E Fund") is a leading comprehensive mutual fund manager in China with over RMB 3.5 trillion (USD 497 billion) under management.* It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. 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. Source: E Fund. AuM includes subsidiaries. Data as of March 31, 2025. FX rate is sourced from PBoC.
Yahoo
2 days ago
- Business
- Yahoo
Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
GUANGZHOU, China, June 13, 2025 /PRNewswire/ -- Starting June 16, the ChiNext Index will implement methodology adjustments, including a 20% cap on individual stock weights and an ESG negative screening mechanism, aiming to enhance the index's focus on high-growth, innovative firms while aligning with global standards. As of June 10, ETFs tracking the ChiNext Index held more than US$ 16.1 billion in assets, led by the E Fund ChiNext ETF (159915) accounting for US$ 11.6 billion under E Fund Management, China's largest mutual fund manager. Launched in 2010, the ChiNext Index, comprising 100 growth-oriented and innovative enterprises listed on the ChiNext Board, has undergone 53 revisions, reflecting China's economic transformation. The latest changes will further optimize its structure to emphasize emerging growth sectors –new-generation information technology (34%), new energy vehicle (24%) and healthcare (12%), underscoring its alignment with China's strategic shift toward high-tech innovation. According to Wind, its constituent companies have posted revenue growth of 9.5% YoY and ROE exceeding 12.5% in Q1 2025, demonstrating resilient profitability and breakthroughs in AI chips, EV batteries, and precision medicine. Valuation metrics reinforced appeal: the index trades at a 31x P/E ratio as of June 10, near the 10th percentile since its listing. By curbing concentration risks and embedding ESG criteria, the reforms strengthen the index's role in reflecting industrial evolution in China and global investment trends. International participation has surged through cross-border channels like Stock Connect, QFII, and feeder funds listed on foreign exchanges. The E Fund ChiNext ETF (159915), the largest among related ETFs, has consistently been the preferred instrument for international investors seeking exposure to China's tech-driven growth since its inclusion in the ETF Connect program in 2022, Over the past year, the fund has drawn in approximately US$ 2.55 billion, highlighting its appeal as a pivotal option in China's equity ETF market. About E Fund Established in 2001, E Fund Management Co., Ltd. ("E Fund") is a leading comprehensive mutual fund manager in China with over RMB 3.5 trillion (USD 497 billion) under management.* It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. 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. Source: E Fund. AuM includes subsidiaries. Data as of March 31, 2025. FX rate is sourced from PBoC. View original content to download multimedia: SOURCE E Fund Management
Korea Herald
29-05-2025
- Business
- Korea Herald
ETFs Unlock Growth in China's Booming Tech Landscape
GUANGZHOU, China, May 29, 2025 /PRNewswire/ -- In 2025, A-share tech-focused ETFs have continued to attract significant investor interests – the top five industry/thematic ETFs by net inflows, as of May 21, were all technology-related, collectively drawing in US$ 7.87 billion, including the E Fund CSI Artificial Intelligence ETF (159819), which saw a net inflow of US$ 1.17 billion. Meanwhile, leading asset managers in China are observed to actively positioning themselves in tech-focused ETFs, such as AI ETFs, robotics ETFs, and aviation ETFs. Notably, E Fund Management ("E Fund"), the largest mutual fund manager in China, has highlighted six cutting-edge sectors, spanning artificial intelligence, robotics & smart devices, computing technology, healthcare technology, energy technology and space technology and has established a complete range of ETF products to capture growth opportunities. Among them, the E Fund CSI Artificial Intelligence ETF (159819), the E Fund CSI Cloud Computing & Big Data ETF (516510), the E Fund CSI Biotechnology ETF (159837), and the E Fund CSI New Energy ETF (516090) are included in ETF Connect, empowering global investors to capitalize on China's technology trends. About E Fund Established in 2001, E Fund Management Co., Ltd. ("E Fund") is a leading comprehensive mutual fund manager in China with over RMB 3.5 trillion (USD 497 billion) under management.* It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. 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. *Source: E Fund. AuM includes subsidiaries. Data as of March 31, 2025. FX rate is sourced from PBoC.
Yahoo
29-05-2025
- Business
- Yahoo
ETFs Unlock Growth in China's Booming Tech Landscape
GUANGZHOU, China, May 29, 2025 /PRNewswire/ -- In 2025, A-share tech-focused ETFs have continued to attract significant investor interests – the top five industry/thematic ETFs by net inflows, as of May 21, were all technology-related, collectively drawing in US$ 7.87 billion, including the E Fund CSI Artificial Intelligence ETF (159819), which saw a net inflow of US$ 1.17 billion. Meanwhile, leading asset managers in China are observed to actively positioning themselves in tech-focused ETFs, such as AI ETFs, robotics ETFs, and aviation ETFs. Notably, E Fund Management ("E Fund"), the largest mutual fund manager in China, has highlighted six cutting-edge sectors, spanning artificial intelligence, robotics & smart devices, computing technology, healthcare technology, energy technology and space technology and has established a complete range of ETF products to capture growth opportunities. Artificial IntelligenceAI serves as the foundational infrastructure for emerging technologies. The E Fund CSI Artificial Intelligence ETF (159819) manages US$ 2.23 billion in assets, ranking first among its peers. Its underlying index, the CSI Artificial Intelligence Index, tracks 50 leading AI firms and emphasizes core technologies, with semiconductor companies, software developers, and computer equipment providers accounting for nearly 70% of its holdings. Robotics & Smart DevicesBreakthroughs in humanoid robotics, such as their performances in world's first humanoid robot half marathon and the RoboCup this year, have spurred market enthusiasm. The E Fund CNI Robot Industry ETF (159530) allocates over 50% of its weighting to humanoid robots, the highest proportion among all robotics-focused ETFs, after changes on index methodology taking effective on April 10. Computing TechnologyWhile robust computational power is critical for AI development, cloud computing emerged as a mainstream solution. The E Fund CSI Cloud Computing & Big Data ETF (516510), the largest ETF in its category tracking the same index, holds US$ 489 million in assets. It covers computing equipment, data centers, and cloud services, aligning with China's push for digital infrastructure. Healthcare TechnologyGene-editing technologies are poised to revolutionize treatments for genetic disorders and cancer. The E Fund CSI Biotechnology ETF (159837) invests in companies specializing in gene diagnostics, biopharmaceuticals, and advanced biomedical research, positioning it at the forefront of healthcare innovation. Energy TechnologyChina leads global renewable energy innovation, particularly in photovoltaic installations, nuclear power, and solid-state battery storage. The E Fund CSI New Energy ETF (516090) provides exposure to lithium batteries, solar, wind, hydro, and nuclear energy, supporting the transition to clean power. Space TechnologyThe successful launch of "Three-Body Computing Constellation" on May 15, which enables real-time data processing in orbit, marked a major step in China's space technology. E Fund is set to launch a new ETF linked to the CNI General Aviation Index, tracking companies involved in aerospace materials, aircraft manufacturing, and flight operations. Among them, the E Fund CSI Artificial Intelligence ETF (159819), the E Fund CSI Cloud Computing & Big Data ETF (516510), the E Fund CSI Biotechnology ETF (159837), and the E Fund CSI New Energy ETF (516090) are included in ETF Connect, empowering global investors to capitalize on China's technology trends. About E Fund Established in 2001, E Fund Management Co., Ltd. ("E Fund") is a leading comprehensive mutual fund manager in China with over RMB 3.5 trillion (USD 497 billion) under management.* It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. 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. *Source: E Fund. AuM includes subsidiaries. Data as of March 31, 2025. FX rate is sourced from PBoC. View original content to download multimedia: SOURCE E Fund Management Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
16-05-2025
- Business
- Yahoo
Chinese active funds gear up with fresh products after dramatic industry reforms
By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) -New rules for Chinese active funds unveiled this month that are set to drastically change fund flows in the country's stock markets have prompted immediate action from some of the biggest players in the industry to introduce fresh products. China Asset Management (ChinaAMC), China Merchants Fund and E Fund Management Co said they have applied or will soon apply to launch so-called variable-fee products, where fees are tied to the performance of investments. Variable-fee investment products - currently rare in China - more closely align the interests of fund managers with investors. Fees can rise if a fund does well and fall if it underperforms. The new rules, which are in the words of China Securities Regulatory Commission Wu Qing, aimed at promoting Warren Buffett-style longer-term value investing, represent the biggest overhaul of China's $4.5 trillion mutual fund industry in decades. Chinese active funds have long been criticised for chasing profits from fees and focusing on short-term investments rather than concentrating on performance and creating longer-term value. "Previously, many mutual fund managers put their own interest ahead of investors ... contributing to irrational market fluctuations," said Dong Baozhen, chairman of Beijing-based asset manager Lingtong Shengtai. In addition to forcing the introduction of variable-fee structures, the rules mandate big pay cuts for portfolio managers who underperform benchmarks by 10 percentage points or more in a three-year time frame. "This would nudge a fund manager to switch to a more suitable build a more balanced portfolio" to avert outsized underperformance," said Yu Zhanchang, a fund manager at Penghua Fund Management. High pay at funds and China's broader business world has been under scrutiny for some time since authorities began a crackdown in line with President Xi Jinping's "common prosperity" drive. Some fund managers began capping annual income and clawing back excessive pay last year. Under the new rules, the success of a fund will also no longer be ranked by profit or assets under management, but by its performance and investor satisfaction. Dong at Lingtong Shengtai said he expects the new rules "will trigger a major, directional shift in fund flows, toward index heavyweights such as banks." Banks accounted for 3.8% of Chinese active funds' portfolios at the end of the first quarter, far below the sector's 13.7% weighting in the CSI 300, a widely tracked benchmark。 Regulators aim to complete the reforms in three years, with changes being enforced at big companies this year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
