GUANGZHOU, China, July 5, 2024 /PRNewswire/ -- In the first half of 2024, the A-share ETF market scaled a new record high and the market size surpassed US$292 billion, with broad-based ETFs as the main driving force. According to Wind, the assets of broad-based ETFs doubled from US$83 billion in mid-2021 to over US$171 billion, increasing their share from 41% to 59%. Meanwhile, 25 fund companies launched a total of 84 stock ETFs, an increase of 27 from the same period last year, with a combined initial offering size exceeding US$5.8 billion. Among them, E Fund, the largest fund manager in China, topped the market with ten new ETF launches[1] and over US$505k in fundraising.
A-share broad-based ETFs led the way with US$54.4 billion in net inflows, taking up more than 90% of the total net inflows. The top 10 ETFs were all broad-based, reflecting the performance of indexes such as the CSI 300, CSI 500, SSE 50, CSI 1000, ChiNext, and STAR 50. The E Fund CSI 300 ETF (Code: 510310) ranked first in terms of fund flows. Additionally, 23 broad-based ETFs have been launched, with CSI A50 ETF being the most favored. Ten ETFs tracking the CSI A50 index, including E Fund CSI A50 ETF (Code: 563080), gathered nearly US$2.3 billion, accounting for almost 40% of the new issuance this year.
On the other hand, high dividend yield ETFs attracted continuous inflows of approximately US$2.1 billion, backed by strong returns. The CSI Dividend Total Return Index and CSI Dividend Low Volatility Total Return Index delivered gains of 11% and 15% respectively. Riding on this momentum, fifteen high dividend yield ETFs were introduced in the first six months of this year, covering high dividend yield assets listed in A-share and Hong Kong stock markets. Notably, E Fund rolled out E Fund Hang Seng SCHK High Dividend Low Volatility ETF (Code: 159545) in March, which tracked the performance of companies listed in Hong Kong and included in Stock Connect, adding to the diversity of onshore investors' portfolios.
About E Fund
Established in 2001, E Fund Management Co., Ltd. ("E Fund") is a leading comprehensive fund manager in China with close to RMB 3.3 trillion[2] (US$ 454 billion) under management. It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. 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.
Note:
[1] Launch means the fund contract comes into effect.
[2] As at Jun 30, 2024. AuM includes subsidiaries. Source: PBoC, Wind.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
A Closer Look at H1 2024 A-share ETF Market: Rise of Broad-based and High Dividend Yield ETFs
A Closer Look at H1 2024 A-share ETF Market: Rise of Broad-based and High Dividend Yield ETFs
Innovative Smart Home Products Recognized for Exceptional Craftsmanship and Cutting-Edge Design
HONG KONG, July 8, 2024 /PRNewswire/ -- GoveeLife, an innovator in the smart home appliance industry, is proud to announce it's been awarded recognition from the prestigious Red Dot and IF Design Awards. The company received accolades for its innovative GoveeLife Mini Air Purifier from both competitions and for the GoveeLife Smart Air Purifier 2 Pro (sensor) with the iF Design Awards. These recognitions underscore GoveeLife's unwavering dedication to exceptional craftsmanship and cutting-edge design in the smart home realm.
GoveeLife Mini Air Purifier - Dual winner of the Red Dot Design Award and iF Design Award 2024
Engineered for adaptability and convenience, this compact air purifier excels in delivering personalized air purification ideal for both home offices and bedrooms. It features advanced smart controls accessible via a mobile app and a dual-purpose design that accommodates fragrance or essential oil integration. Additionally, it functions as a cooling fan, providing comfort during warmer days.
GoveeLife Smart Air Purifier 2 Pro (sensor) - Winner of the iF Design Award 2024
This upgraded air purifier is made to protect your indoor air quality, it has a more powerful purification function and is equipped with advanced smart controls, which can be controlled through the mobile app or smart voice assistants. It will also support Matter (to be available later) for a seamless and convenient healthy living experience. The GoveeLife Smart Air Purifier 2 Pro series will be launched soon.
"We are incredibly honored to receive these prestigious awards," said Eric Wu, CEO of GoveeLife. "These recognitions are a testament to our team's dedication to creating products that combine exceptional design with innovative technology. We are committed to pushing the boundaries of what is possible in the smart home industry and delivering products that enhance the lives of our customers."
The Red Dot and iF Design Awards are internationally recognized symbols of excellence in design and innovation. Winning these awards underscores GoveeLife's position as an innovator in the smart appliance market and highlights the company's ongoing efforts to develop products that meet the highest standards of quality and design.
GoveeLife continues to strive for excellence in all its products, ensuring that each new release offers users the best in functionality, design, and technological advancement. The company is excited to build on this success and continue its mission to revolutionize the smart home appliance industry.
For more information about GoveeLife and its award-winning products, please visit www.Govee.com.
About GoveeLife
At GoveeLife, we are committed to offering effortless life experiences through our innovative smart home appliances. Launched in 2023 and operated as an independent brand from Govee, GoveeLife aims to simplify life by making smart living accessible to everyone, allowing users to enhance their lifestyle with the ease and functionality of advanced smart appliances. From energy-efficient climate control to kitchen appliances, GoveeLife's smart appliances are designed to increase convenience, optimize efficiency, and improve quality of life.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
GoveeLife Products Honored with Red Dot and iF Design Award Wins
