On October 24, Shenzhen Stock Exchange (SZSE) organized the first session of ‘Approaching Fund Companies Activity’, which was held in E Fund Management Co., Ltd., inviting investors of the ChiNext ETF from various securities companies to have a face-to-face exchange with the fund managers of the ChiNext ETF.
Relevant staff from SZSE expressed that SZSE have been actively engaged in forging the Listed Fund Market into a ‘fund super-market’, which had complete range of function, various products and trading convenience. As of September 30, 2014, there are 323 funds listed in SZSE, with 107.35 billion exchange entrusted fund units, and 125.628 billion yuan of asset scale. After the launch of the ChiNext, related financial investment instruments and products witness a rapid growth, with more fund products coming out successively.
As introduced by Wang Jianjun, Fund Manager of E Fund ChiNext ETF, E Fund Company, with the support of SZSE, issued the first index fund that track the ChiNext Index closely—E Fund ChiNext ETF, which became a widely popular investment product in the market. Relevant data shows that, the net value of ChiNext ETF grew at 69.18%, and its annual yield reaching 18.56% from its establishment on September 20, 2011 to October 21, 2014.
Investors, who attended the meeting, have abundant investment experience in securities market and the ChiNext Board. They expressed in the exchange that, as most of companies listed on the ChiNext Board were innovative and growth enterprises, ChiNext ETF investment index was conducive for them to grasp the opportunity of the ChiNext Board, and enable them to share the high growth of the companies listed on the ChiNext Board.
‘Approaching Fund Companies Activity’ is a component of SZSE’s series activities of ‘5th Anniversary of the ChiNext Board, Propel China with Innovation’. At the same period, SZSE also launched activities such as ‘Approaching Companies Listed on the ChiNext Board’, ‘Foreign Investors Approaching Companies Listed on the ChiNext Board’, organizing domestic and foreign investors to conduct field survey on the listed companies, enable them to understand the leverage of the ChiNext Board market played in China’s economic transition.