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this week, a-shares continued to rise, the shanghai composite index quickly returned to above 3,000 points, and the total market size of etfs also exceeded 3 trillion yuan.

however, in terms of new fund issuance, today there was a fund announcement that the issuance failed. wells fargo fund announced that the wells fargo csi all-index software etf has expired as of the fund raising period and failed to meet the fund filing conditions, so the fund contract cannot take effect.

the reporter noticed that this is the ninth fund this year to announce a failure in issuance, and also the first etf product this year to announce a failure in issuance.

etf issuance failed for the first time this year

today, wells fargo fund announced that as of september 25, 2024, the wells fargo csi all-index software etf fundraising period has expired, and the fund contract cannot take effect because it fails to meet the fund registration conditions.

information shows that the fund was approved in december 2023 and officially launched in june this year. the fundraising period was from june 26, 2024 to september 25, 2024, and a fundraising ceiling of 5 billion yuan was set. however, the final issuance failed. .