Latest news with #EFund
Korea Herald
3 days ago
- Business
- Korea Herald
Nikko AM Introduces ChiNext ETF on Singapore Exchange under ETF Link, Tied to E Fund's Onshore ETF
GUANGZHOU, China, July 22, 2025 /PRNewswire/ -- On July 22, the China-Singapore ETF Link continues to expand with the listing of the Amova E Fund ChiNext Index ETF (ticker: CXT) on Singapore Exchange (SGX), launched by Nikko Asset Management (Nikko AM) in collaboration with E Fund Management (E Fund), the largest mutual fund manager in China, aiming to provide overseas investors with access to the growth potential of China's ChiNext market. The Amova E Fund ChiNext Index ETF is linked to the E Fund ChiNext ETF (ticker: 159915), which tracks the ChiNext Index—a key broad-based index of innovative and entrepreneurial companies listed on the Shenzhen Stock Exchange (SZSE). Over 90% of the index is weighted in strategic emerging industries such as next-generation information technology, new energy vehicles, and biotechnology, and includes leading companies like CATL, Inovance, InnoLight, Mindray, and Sungrow. The index constituents have demonstrated strong fundamentals, with compound annual growth rates of 21% in revenue and 14% in net profit since 2021. As of July 18, ETFs tracking the ChiNext Index held more than USD 16.3 billion in assets, led by the E Fund ChiNext ETF (ticker: 159915) accounting for USD 12 billion, which was also the first ETF to track the index. "As the world's second-largest economy, China has been steadily opening up its financial markets, becoming an essential part of global asset allocation," Yue Fan, Executive Vice President of E Fund, stated. "As a core flagship of SZSE, the ChiNext Index was launched in 2010, with constituents reflecting the driving forces of China's new economy - spanning innovative sectors such as semiconductors, artificial intelligence, new energy, and biopharmaceuticals. The Amova E Fund ChiNext Index ETF marks a milestone in China-Singapore financial collaboration, offering investors in Singapore and the broader region efficient access to China's new economy. We have a similar cross-border ETF partnership with Nikko AM in Japan, and this new ETF in Singapore highlights our deepening long-term partnership and shared vision for global market expansion." "Our collaboration with E Fund marks a significant milestone in cross-border ETF innovation. We are proud to partner with E Fund to channel our combined scale, deep expertise, and local insights into this ETF that is a powerful representation of China's entrepreneurial spirit and technological advancement. Together, we are offering investors a differentiated and forward-looking way to participate in China's innovation-led growth story," said Eleanor Seet, President and Director, Nikko Asset Management Asia Limited and Head of Asia ex-Japan, Nikko Asset Management. The listing brings the China-Singapore ETF Link program to 10 ETFs since its 2022 inception, demonstrating strengthened financial cooperation and improved cross-border investment access between both markets while offering greater convenience to investors across Asia-Pacific region and globally. About E Fund Established in 2001, E Fund is a leading comprehensive mutual fund manager in China with over RMB 3.6 trillion (USD 512 billion) under management as of 30 Jun 2025. 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. About Nikko AM With US$233.9 billion under management as of 31 March 2025, Nikko Asset Management is one of Asia's largest asset managers, providing high-conviction, active fund management across a range of equity, fixed income, multi-asset and alternative strategies. In addition, its complementary range of passive strategies covers more than 20 indices and includes some of Asia's leading exchange-traded funds (ETFs). Effective 1 September 2025, Nikko Asset Management will be known as Amova Asset Management.
Business Times
3 days ago
- Business
- Business Times
First ETF to track China index through Singdollar-hedged fund class launched on SGX
[SINGAPORE] The Amova E Fund ChiNext Index exchange-traded fund (ETF) on Tuesday (Jul 22) was listed under the Shenzhen Stock Exchange-Singapore Exchange (SZSE-SGX) ETF Link, to give investors a new way to access China's innovation-led growth. This is the first ETF in Singapore that tracks the ChiNext Index through a Singdollar-hedged fund class. It will provide investors with exposure to fast-growing, innovation-driven companies listed on the SZSE while mitigating foreign exchange fluctuations. The ETF is managed by Nikko Asset Management and provides targeted access to companies in sectors such as technology, healthcare, and advanced manufacturing – the key drivers of China's transformation into a high-value economy. The ChiNext Index is known for featuring the 100 largest and most liquid growth-oriented companies that are aligned with China's national priorities including digitalisation, green energy and industrial upgrading. 'This index captures the pulse of China's innovation economy, and through the Amova E Fund ChiNext Index ETF, we are enabling Singapore-based investors to access that growth with greater precision and effective currency risk management,' said Eleanor Seet, president and director of Nikko Asset Management Asia and Head of Asia ex-Japan, Nikko Asset Management. The Amova E Fund ChiNext Index ETF is part of the suite of Asia-focused ETF listings on SGX and expands this product shelf to 48 ETFs, with combined assets under management exceeding S$14 billion. Ng Yao Loong, head of equities, SGX Group, said: 'The listing of the Amova E Fund ChiNext Index ETF on SGX adds to our suite of China A-Shares ETFs under the SZSE-SGX ETF Link. This launch is timely as it taps into rising investor interest in China's innovation sectors and growth themes.'
Korea Herald
25-06-2025
- Business
- Korea Herald
QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
GUANGZHOU, China, June 25, 2025 /PRNewswire/ -- Qualified Foreign Institutional Investors (QFIIs) will be permitted to trade onshore ETF options starting October 9, exclusively for hedging purposes, according to the China Securities Regulatory Commission. This marks another major step in opening China's capital markets, following the introduction of commodity futures and options, which is believed to attract long-term foreign capital to allocate to A-shares by expanding risk management tools and enhancing market stability. Among the eligible products are E Fund STAR 50 ETF (Code: 588080), E Fund ChiNext ETF (Code: 159915), and E Fund SZSE 100 ETF (Code: 159901), managed by E Fund Management (E Fund), the largest mutual fund manager in China. Data from China's State Administration of Foreign Exchange revealed that cross-border capital of non-banking sectors saw a net inflow of US$ 33 billion in May 2025, with foreign holdings of domestic stocks increasing month-on-month, reflecting growing foreign investor confidence and deeper integration of A-shares with global markets. With its broad ETF product lineup and low management fees, E Fund has positioned itself as the preferred partner for foreign investors. According to Wind, from January 2024 to April 2025, E Fund's ETF assets grew by US$ 53.5 billion, with net inflows totaling US$ 41.2 billion, both ranking first in the market. About E Fund Established in 2001, 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. AuM includes subsidiaries. Data as of March 31, 2025. FX rate is sourced from PBoC.
The Wire
25-06-2025
- Business
- The Wire
QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
GUANGZHOU, China, June 25, 2025 /PRNewswire/ -- Qualified Foreign Institutional Investors (QFIIs) will be permitted to trade onshore ETF options starting October 9, exclusively for hedging purposes, according to the China Securities Regulatory Commission. This marks another major step in opening China's capital markets, following the introduction of commodity futures and options, which is believed to attract long-term foreign capital to allocate to A-shares by expanding risk management tools and enhancing market stability. Among the eligible products are E Fund STAR 50 ETF (Code: 588080), E Fund ChiNext ETF (Code: 159915), and E Fund SZSE 100 ETF (Code: 159901), managed by E Fund Management (E Fund), the largest mutual fund manager in China. • The SSE STAR 50 Index, tracking the 50 largest and most liquid stocks on the STAR Market, is strategically concentrated in semiconductors. Its relevant funds have grown to US$ 25.4 Billion, making it the fourth-largest broad-based index of A-share market. • The ChiNext Index comprises 100 high-growth firms from the ChiNext Board, with 92% exposure to strategic sectors like new-generation information technology, new energy vehicle and healthcare. Since 2021, its constituents have delivered robust revenue and net profit CAGR of 21% and 14%, respectively. • The Shenzhen 100 Index aggregates 100 blue-chip leaders from the Shenzhen Stock Exchange, and emphasizes sectors such as advanced manufacturing, digital economy, and green energy, accounting for 73% weight collectively. Data from China's State Administration of Foreign Exchange revealed that cross-border capital of non-banking sectors saw a net inflow of US$ 33 billion in May 2025, with foreign holdings of domestic stocks increasing month-on-month, reflecting growing foreign investor confidence and deeper integration of A-shares with global markets. With its broad ETF product lineup and low management fees, E Fund has positioned itself as the preferred partner for foreign investors. According to Wind, from January 2024 to April 2025, E Fund's ETF assets grew by US$ 53.5 billion, with net inflows totaling US$ 41.2 billion, both ranking first in the market. About E Fund Established in 2001, 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. AuM includes subsidiaries. Data as of March 31, 2025. FX rate is sourced from PBoC. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Associated Press
25-06-2025
- Business
- Associated Press
QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
GUANGZHOU, China, June 25, 2025 /PRNewswire/ -- Qualified Foreign Institutional Investors (QFIIs) will be permitted to trade onshore ETF options starting October 9, exclusively for hedging purposes, according to the China Securities Regulatory Commission. This marks another major step in opening China's capital markets, following the introduction of commodity futures and options, which is believed to attract long-term foreign capital to allocate to A-shares by expanding risk management tools and enhancing market stability. Among the eligible products are E Fund STAR 50 ETF (Code: 588080), E Fund ChiNext ETF (Code: 159915), and E Fund SZSE 100 ETF (Code: 159901), managed by E Fund Management (E Fund), the largest mutual fund manager in China. Data from China's State Administration of Foreign Exchange revealed that cross-border capital of non-banking sectors saw a net inflow of US$ 33 billion in May 2025, with foreign holdings of domestic stocks increasing month-on-month, reflecting growing foreign investor confidence and deeper integration of A-shares with global markets. With its broad ETF product lineup and low management fees, E Fund has positioned itself as the preferred partner for foreign investors. According to Wind, from January 2024 to April 2025, E Fund's ETF assets grew by US$ 53.5 billion, with net inflows totaling US$ 41.2 billion, both ranking first in the market. About E Fund Established in 2001, 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. 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
