Home » The first CSI A50 ETF in the market was established, and 10 broad-based ETFs raised a total of nearly 17 billion and continued to attract funds_Funds_Financial Channel Home_Financial Network-CAIJING.COM.CN

The first CSI A50 ETF in the market was established, and 10 broad-based ETFs raised a total of nearly 17 billion and continued to attract funds_Funds_Financial Channel Home_Financial Network-CAIJING.COM.CN

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The first CSI A50 ETF in the market was established, and 10 broad-based ETFs raised a total of nearly 17 billion and continued to attract funds_Funds_Financial Channel Home_Financial Network-CAIJING.COM.CN

Ping An CSI A50 ETF Officially Established, First of its Kind in Market

On March 4, the Ping An CSI A50 ETF announced its official establishment, marking the first CSI A50 ETF in the market to do so. Sources from various company channels have indicated that it is expected to be listed for trading as early as mid-March.

The journey of the first batch of 10 CSI A50 ETFs from issuance to establishment has been described as “accelerating”. On February 2, E Fund, Huatai-PineBridge, Wells Fargo Fund, Dacheng Fund, Ping An Fund, Yinhua Fund, Huabao Fund, Harvest Fund, ICBC Credit Suisse Fund, and J.P. Morgan Asset Management had their first batch of CSI A50 ETFs approved for establishment by the China Securities Regulatory Commission.

Subsequently, on February 19, the first trading day of the Year of the Dragon, the first batch of 10 CSI A50 ETFs was officially launched, with a total subscription scale of nearly 17 billion yuan. Among them, four products under J.P. Morgan Asset Management, Ping An Fund, Dacheng Fund, and Huatai-PineBridge Fund completed their fundraising ahead of the holiday and started proportional placement with a subscription amount of over 2 billion yuan.

Competition among the 10 CSI A50 ETFs was fierce, leading some companies to increase publicity to highlight their innovations. For example, Morgan CSI A50 ETF introduced a unique quarterly mandatory dividend mechanism.

The CSI A50 ETF is seen as the A-share version of the “Nifty 50” and has gained popularity in the market due to its combination of traditional market value selection, industry balance concept, and introduction of ESG investment principles. Fund managers believe that the ETF offers an ideal long-term investment choice for ordinary investors looking to efficiently allocate China’s high-quality assets and keep up with economic development.

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As the A-share market continues to rebound, the shares of many ETF funds have also continued to grow, attracting funds. Wind statistics show that in the first two months of the year, broad-based ETFs saw a net inflow of nearly 350 billion yuan. The CSI 300 and SSE 50 Index had net inflows of 227.5 billion yuan and 25.9 billion yuan, respectively.

Looking ahead, Boshi Fund is optimistic about the market’s future for the rest of 2024, believing that the most pessimistic time has passed and looking forward to the iteration and innovation capabilities of listed companies.

(Editor: Xu Nannan)

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