{"id":6335,"date":"2024-07-18T15:18:56","date_gmt":"2024-07-18T08:18:56","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=6335"},"modified":"2024-07-18T15:18:56","modified_gmt":"2024-07-18T08:18:56","slug":"tech-focused-etfs-take-spotlight-after-mainland-china-hong-kong-etf-connect-expansion","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=6335","title":{"rendered":"Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion"},"content":{"rendered":"

GUANGZHOU, China<\/span>, July 18, 2024<\/span> \/PRNewswire\/ — On July 12<\/span>th, it was announced that 91 additional ETFs will be added to the Mainland China-Hong Kong ETF Connect Program, which will take effect on July 22<\/span>nd. This expansion brings the total number of ETFs in the program to 241, with 19 of them being managed by E Fund Management (“E Fund”), the largest fund manager in China<\/span>. In meantime, a significant increase in foreign investors’ demand for tech investment opportunities was observed, with the electronics sector being the most popular \u2013 the northbound fund inflows into the sector reached US$1.58 billion<\/span> in the second quarter.<\/p>\n

After the expansion, offshore investors with interests in tech innovation can leverage enriched investment tools \u2013 more than 20 thematic ETFs, including three from E Fund, namely E Fund CSI Artificial Intelligence Thematic ETF (Code: 159819), E Fund CSI Cloud Computing & Big Data Index ETF (Code:516510), and E Fund CSI Technology 50 Index ETF (Code:159807).<\/p>\n

The CSI Technology 50 index offers exposure to 50 large companies listed on both the Shanghai<\/span> and Shenzhen Stock Exchange, with 59% of its shares in information technology and communication services sectors. The other two indexes aim to track different segments along the AI value chain in China<\/span>, consisting of infrastructure, models and platforms, applications and services.<\/p>\n

While the CSI Artificial Intelligence Index covers the entire AI value chain, with computers, electronics, and communication equipment and technical services industries as the top three, the CSI Cloud Computing & Big Data Index focuses on upstream computing devices and downstream applications, with over 50% exposure to the computers industry.<\/p>\n

Among the ETFs tracking these indexes, E Fund CSI Artificial Intelligence Thematic ETF and E Fund CSI Cloud Computing & Big Data Index ETF are the largest of their kind, with a net asset of US$798 million<\/span> and US$153 million<\/span>, respectively, as of July 15<\/span>th.<\/p>\n

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Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion<\/span><\/p>\n<\/div>\n

About E Fund<\/p>\n

Established in 2001, E Fund Management Co., Ltd. (“E Fund”) is a leading comprehensive fund manager in China<\/span> with close to RMB 3.3 trillion<\/span> (US$ 454 billion<\/span>) 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. It is a pioneer and leading practitioner in responsible investments in China<\/span> and is widely recognized as one of the most trusted and outstanding Chinese asset managers.<\/p>\n

Note: As at Jun 30, 2024<\/span>. AuM includes subsidiaries. Source: PBoC, Wind.<\/p>\n

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GUANGZHOU, China<\/span>, July 18, 2024<\/span> \/PRNewswire\/ — On July 12<\/span>th, it was announced that 91 additional ETFs will be added to the Mainland China-Hong Kong ETF Connect Program, which will take effect on July 22<\/span>nd. This expansion brings the total number of ETFs in the program to 241, with 19 of them being managed by E Fund Management (“E Fund”), the largest fund manager in China<\/span>. In meantime, a significant increase in foreign investors’ demand for tech investment opportunities was observed, with the electronics sector being the most popular \u2013 the northbound fund inflows into the sector reached US$1.58 billion<\/span> in the second quarter.<\/p>\n

After the expansion, offshore investors with interests in tech innovation can leverage enriched investment tools \u2013 more than 20 thematic ETFs, including three from E Fund, namely E Fund CSI Artificial Intelligence Thematic ETF (Code: 159819), E Fund CSI Cloud Computing & Big Data Index ETF (Code:516510), and E Fund CSI Technology 50 Index ETF (Code:159807).<\/p>\n

The CSI Technology 50 index offers exposure to 50 large companies listed on both the Shanghai<\/span> and Shenzhen Stock Exchange, with 59% of its shares in information technology and communication services sectors. The other two indexes aim to track different segments along the AI value chain in China<\/span>, consisting of infrastructure, models and platforms, applications and services.<\/p>\n

While the CSI Artificial Intelligence Index covers the entire AI value chain, with computers, electronics, and communication equipment and technical services industries as the top three, the CSI Cloud Computing & Big Data Index focuses on upstream computing devices and downstream applications, with over 50% exposure to the computers industry.<\/p>\n

Among the ETFs tracking these indexes, E Fund CSI Artificial Intelligence Thematic ETF and E Fund CSI Cloud Computing & Big Data Index ETF are the largest of their kind, with a net asset of US$798 million<\/span> and US$153 million<\/span>, respectively, as of July 15<\/span>th.<\/p>\n

\n

<\/a>
Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion<\/span><\/p>\n<\/div>\n

About E Fund<\/p>\n

Established in 2001, E Fund Management Co., Ltd. (“E Fund”) is a leading comprehensive fund manager in China<\/span> with close to RMB 3.3 trillion<\/span> (US$ 454 billion<\/span>) 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. It is a pioneer and leading practitioner in responsible investments in China<\/span> and is widely recognized as one of the most trusted and outstanding Chinese asset managers.<\/p>\n

Note: As at Jun 30, 2024<\/span>. AuM includes subsidiaries. Source: PBoC, Wind.<\/p>\n

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