U.S. 50ETF has dropped by the limit for 2 consecutive days, and “new products” of cross-border ETFs will enter the market
The E Fund MSCI US 50 ETF (QDII) experienced a significant drop to the limit on January 29, and as of press time on January 30, the fund fell to the limit again after the resumption of trading. This decline comes amidst recent volatility in cross-border ETFs, but despite this, more products are entering the market.
One such product is the China Universal MSCI US 50 ETF, which was launched on January 30. The sale date for this ETF will be from January 30, 2024, to March 22, 2024. Analyst Ren Tong of China Merchants Securities predicts that in 2023, the scale of cross-border ETFs will maintain a high growth rate, with a focus on popular varieties such as those from the United States and Japan. The total scale of cross-border ETFs as of the end of 2023 was approximately 286 billion yuan, and the overall growth rate of cross-border ETF scale in 2023 is expected to reach 45.53%. The scale of ETF in the Japanese market is projected to increase by more than 5 times.
The introduction of new cross-border ETF products reflects the continued interest and growth potential in this market despite recent fluctuations. It remains to be seen how these new products will perform and contribute to the overall landscape of cross-border ETFs.
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