BEIJING, Dec. 25 (Xinhua) -- Shares of exchange-traded funds (ETFs) on China's Shanghai and Shenzhen stock exchanges amounted up to 2.02 trillion by December 22 despite the recent A-share market fluctuations, reported Xinhua-run Economic Information Daily on Monday.
Shares of those tracking broadly-based equities-investing ETFs such as SSE 50 Index, CSI 300 Index and SSE Science and Technology Innovation Board 50 Index kept increasing amid investors' purchasing favor.
In the past month ending December 22, shares of ETFs on Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) rose 85.194 billion, up 4.40 percent month on month and average daily turnover surged about 49.59 percent to 151.455 billion yuan, showed data with Wind, a financial data provider in China.
By December 22, net assets managed by all the 890 ETFs on SSE and SZSE grossed 1.98 trillion yuan, up 22 percent from the end of 2022 and compared with the end of 2022, the number and shares of ETFs rose 17 percent and 40 percent.
By the end of 2022, there were 763 ETFs on SSE and SZSE and their aggregate shares and underlying assets totaled 1.44 trillion and 1.61 trillion yuan respectively.
Currently, China's ETFs, in particular those investing in equities are undergoing burgeoning development and shares of equities-investing ETFs expanded in an accelerating pace amid obvious bargain hunting in this year, said Xu Meng, executive general manager of quantitative investment department of China Asset Management Co., Ltd.
Alongside the improving market effectiveness and knowledge towards indexed investment, China's indexed investment market is going to hail a period of big and rapid development featuring growing sizes and diversification, noted Lin Weibin, general manager of indexed investment department of E Fund Management Co., Ltd. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
