Wind｜New Hit Products! The First Batch of STAR Market Composite Index ETF Feeder Funds Issued with Wide Popularity

Translated from Wind

As reported by China Securities Journal | Taurus, the issuance of the first batch of STAR Market Composite Index ETF feeder funds gained wide popularity. Only 3 days after the issuance, the fundraising scale of products under China Asset Management Co., Ltd. and E Fund Management Co., Ltd. exceeded 1.5 billion yuan and 1 billion yuan respectively, and another 3 products raised more than 300 million yuan.

On March 17, the STAR Market Composite Index ETF feeder funds under 11 fund companies including China Asset Management Co., Ltd., Tianhong Asset Management Co., Ltd., Invesco Great Wall Fund Management Co., Ltd., Bosera Asset Management Co., Limited., E Fund Management Co., Ltd., China Southern Asset Management Co., Ltd., Guotai Asset Management Co., Ltd., China Universal Asset Management Company Limited, Fullgoal Fund Management Company Limited, China Merchants Fund Management Co., Ltd., and Penghua Fund Management Co., Ltd. were collectively put on sale. On March 20, the feeder fund of ICBC SSE STAR Market Composite Price Return ETF will also be launched for the first time.

In terms of the fundraising period, according to Wind's data, the one with the shortest initial subscription days is the feeder fund of Guotai SSE STAR Composite ETF, which has a subscription deadline of March 21 and only 5 subscription days. In addition, the subscription days for the remaining 11 products range from 12 days to 30 days. Among them, multiple funds are subject to an upper limit of 8 billion yuan on the scale of initial public offerings.

From the perspective of custodian institutions, the products of Bosera Asset Management Co., Limited., China Merchants Fund Management Co., Ltd., and Penghua Fund Management Co., Ltd. are under the custody of Bank of China Limited, while those of Invesco Great Wall Fund Management Co., Ltd and China Southern Asset Management Co., Ltd. are under the custody of China Merchants Bank Co., Ltd. The products of China Asset Management Co., Ltd., E Fund Management Co., Ltd., China Universal Asset Management Company Limited, and Fullgoal Fund Management Company Limited are respectively under the custody of China Construction Bank Corporation, Industrial and Commercial Bank of China Limited, China Merchants Bank Co., Ltd., and Bank of Communications Co., Ltd. The products of Guotai Asset Management Co., Ltd. and Tianhong Asset Management Co., Ltd. are respectively under the custody of China International Capital Corporation Limited and CITIC Securities Company Limited.

The above information is provided for reference purposes only and does not constitute investment advice.