Broad-based ETFs on the Rise as RMB 300 Billion Flowed into Passive Investing
Specifically, broad-based strategies attracted the biggest influx of investment with CSI 300 index, STAR 50 index, and ChiNext index topping the year-to-date inflow lists with net inflows of RMB 51 billion (USD 7 billion), RMB 46 billion (USD 6.3 billion), and RMB 28 billion (USD 3.9 billion) respectively, according to Wind data. In terms of individual ETFs, four E Fund offerings, consisting of three broad-based ETFs -- E Fund ChiNext ETF, E Fund SSE Star 50 ETF, E Fund CSI 300 ETF – and E Fund CSI 300 Health Care Index ETF, ranked in the top 10 ETFs by net inflow.