on the 4th day of sale, the csi a500etf has closed its fund-raising in advance! 10 products may bring nearly 21 billion yuan of incremental funds
2024-09-14
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on the fourth day of the sale of the first batch of 10 csi a500 etfs, some products ended fundraising ahead of schedule.
on september 13, harvest fund announced that in order to better safeguard the interests of fund unit holders and to carry out investment management and risk control, it decided to end the fundraising of harvest csi a500 etf fund ahead of schedule on september 13.
on september 10, the first batch of 10 csi a500 etfs were officially issued, including the csi a500 etfs under five fund companies listed on the shanghai stock exchange, namely china merchants fund, fullgoal fund, huatai-pinebridge fund, morgan fund, and taikang fund, as well as the csi a500 etfs under five fund companies listed on the shenzhen stock exchange, namely southern fund, harvest fund, invesco great wall fund, guotai fund, and yinhua fund.
among them, taikang csi a500 etf has set a fundraising cap of rmb 3 billion, the combined initial fundraising cap for online and offline cash subscriptions is rmb 2 billion (excluding interest during the fundraising period), and the initial fundraising cap for offline stock subscriptions is rmb 1 billion. the fundraising caps for the other nine products are all rmb 2 billion.
the reporter of the paper learned that except for harvest csi a500 etf, the other nine csi a500 etfs are still in the process of fundraising. industry insiders estimate that if all 10 products successfully complete the fundraising and position building, it is expected to bring nearly 21 billion yuan of incremental funds to the market.
an insider of public offerings said that the broad-based track has always been a "battlefield" for leading public offering funds. all institutions attach great importance to early deployment and continuous cultivation, and the competition often relies on the comprehensive strength of the company's brand. "in addition, the csi a500 etf has attracted much attention from investors during the fundraising period, which also demonstrates investors' confidence in the long-term development of china's economy and capital market, and also reflects the market's recognition of the value of current a-share high-quality asset allocation."
source: the paper reporter based on wind data statistics
it is understood that the first batch of csi a500 etfs track the csi a500 index, which will be officially released on september 23 this year. it adopts an industry balanced sampling method to select 500 securities with larger market capitalization from various industries as index samples. the index sample takes into account both market capitalization representativeness and industry balance, reflecting the overall performance of representative listed securities in various industries.
han xiuyi, the proposed fund manager of morgan csi a500 etf, said that the csi a500 index has achieved the dual drive of "core assets" and "new quality productivity". through full coverage of the industry, it comprehensively depicts the structural changes of economic development and industrial transformation and upgrading; it does not only select constituent stocks based on market value, but also avoids missing out on segment leaders with development potential; from the perspective of the overall growth of index constituent stocks, esg ratings, and the cumulative returns of the long-term total return index, it is better than the shanghai and shenzhen 300 index.
industry insiders pointed out that index investment connects mass investors and social funds on one end and the real industry on the other end, and undertakes multiple missions of guiding resource allocation, boosting industrial development, and serving residents' wealth management needs. the new "nine national regulations" clearly propose to vigorously promote the entry of medium- and long-term funds into the market and continuously strengthen long-term investment forces. promoting the development of index investment is an important means to build a "long-term money and long-term investment" policy system.
the paper reporter ding xinqing
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