Guangzhou, China, (ANTARA/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…
