GUANGZHOU, China, October 28, 2024 /PRNewswire/ — Recently, the National Bureau of Statistics of China announced that investment in high-tech industries continued to grow in the first three quarters, of which investment in high-tech manufacturing and high-tech services increased by 9.4% and 11.4%, respectively. Since September 24^tha series of favorable policies such as interest rate cuts, mortgage rate cuts and new monetary instruments have stimulated of China stock market sentiment. Interest in high-quality assets continues to grow, with broad-based ETFs gaining ground as an attractive investment option. Foreign capital is also seen accelerating its inflow into Chinese assets.
EPFR data shows that $57.6 billion they poured into A shares between September 23^st and October 20^thaccounting for more than 90% of total flows to emerging markets. Starting with October 24^thBloomberg data shows that ChinaFocused ETFs accounted for five of the top 10 global ETF entries overall $19.2 billion for the last month. Global investors particularly favored technology industries, which accounted for a significant portion of these inflows.

In particular, E Fund ChiNext ETF (Code: 159915) and E Fund STAR 50 ETF (Code: 588080) provided by E Fund Management (“E Fund”), the largest mutual fund manager in Chinaattract attention These ETFs focus on high-growth technology and innovation-based industries, aligning with investors’ growing interest in of China technological sectors. To be more specific, while the ChiNext index prioritizes sectors such as new energy and healthcare, the STAR 50 index leans more towards the semiconductor sector.

In addition, E Fund continues to innovate by expanding its ETF product line to meet growing market demand for diverse, sector-specific investment opportunities, including E Fund AI ETF (Code: 159819) and E Fund CSI Cloud Computing & Big Data ETF (Code). :516510), which are available through ETF Connect to empower offshore investors.

About E Fund

Established in 2001, E Fund Management Co., Ltd. (“E Fund”) is a leading mutual fund manager in China with fish 3.5 trillion RMB (505 billion USD) under management.* Provides investment solutions to onshore and offshore clients, helping clients achieve sustainable long-term investment performance. E Fund clients include both individuals and institutions, from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies to corporations and banks. Long-term oriented, it has focused on the investment management business since its inception and believes in the power of thorough research and investment time. He is a pioneer and leading practitioner in responsible investing in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers.

Source: E Fund. AuM is preliminary and includes subsidiaries. Data from September 30, 2024. The exchange rate comes from the PBoC.