This week saw the launch of 40 new funds from 27 asset management companies, including E Fund Management, Fullgoal Fund, China Merchants Fund, Tianhong Fund, Southern Asset Management, Invesco Great Wall Fund, and China Universal Asset Management. By product type, equity funds dominated with 19 new offerings, followed by 8 hybrid funds, 6 bond funds, 6 FOFs, and 1 QDII fund.

Nineteen equity funds were launched, focusing on popular sectors such as Hong Kong Stock Connect, new energy, and chip design. According to Wind data, the 19 equity funds include ETFs, ETF feeder funds, and enhanced index funds tracking themes like Hong Kong Stock Connect, new energy, oil and gas, industrial software, chip design, and livestock farming.

On March 9 alone, 11 funds began subscriptions, including the Southern CSI Hong Kong Stock Connect 50 ETF Feeder (A: 026606.OF; C: 026607.OF), Tianhong ChiNext New Energy ETF (159190.OF), and Yinhua CSI Industrial Software Theme ETF (159180.OF). Southern, China Universal, and E Fund all launched Hong Kong Stock Connect-related products on the same day, reflecting institutional interest in Hong Kong-listed tech leaders. For instance, the Southern CSI Hong Kong Stock Connect 50 ETF Feeder tracks the CSI Hong Kong Stock Connect 50 Index, while E Fund’s S&P Hong Kong Stock Connect Technology ETF (159191.OF) focuses on tech leaders.

In the oil and gas sector, China Merchants S&P Oil & Gas ETF (159197.OF) started subscriptions on March 9, followed by Huaan S&P Oil & Gas ETF (159195.OF) on March 11, pitting two major firms against each other.

The chip design segment welcomed a significant new product with the launch of Guotai SSE STAR Market Chip Design Theme ETF (589263.OF) on March 10, targeting the niche chip design field.

New energy saw密集布局, with Tianhong ChiNext New Energy ETF (159190.OF), E Fund ChiNext New Energy ETF (159009.OF), and Invesco Great Wall ChiNext New Energy ETF (159187.OF) all tracking the ChiNext New Energy Index, offering investors tools to access the sector. Huatai-PineBridge CSI Livestock Farming Industry ETF (159007.OF) was listed on March 13.

Subscription thresholds for ETFs are generally 1,000 yuan, while feeder funds like the Southern CSI Hong Kong Stock Connect 50 ETF Feeder and E Fund Hang Seng Biotech ETF Feeder start at just 1 yuan, providing low-cost options for retail investors.

E Fund led with three new products this week, covering Hong Kong Stock Connect IT, ChiNext new energy, and Hong Kong Stock Connect tech. Other major firms like Southern, Tianhong, China Universal, Guotai, and Huatai-PineBridge also launched new funds. Portfolio managers include Cheng Xi, Wu Chendong, Zhang Zhan, and Chang Rui from E Fund; Zhang Qisi from Southern; You Cong from Tianhong; and Wu Zhenxiang and Dong Jin from China Universal.

Eight hybrid funds were launched, with consumer themes and “fixed income+” strategies as the main focus. Firms like Fullgoal, Invesco Great Wall, Tianhong, Dongfanghong Asset Management, and PICC Asset Management competed. On March 9, five hybrid funds started subscriptions, including Tianhong Honghua (A: 026452.OF; C: 026453.OF) and Invesco Great Wall Hengrui Select (026376.OF). Caitong Asset Management’s Consumer Research Select (A: 026886.OF; C: 026887.OF) had a one-day subscription period ending March 9, managed by Zhao Wen. Tianhong Honghua, with a threshold of just 0.10 yuan, is a typical “fixed income+” product. Invesco Great Wall Hengrui Select, managed by Zhou Hanying, and Fullgoal Value Strategy (026621.OF), managed by Liu Lili, both accept subscriptions until March 20.

Six bond funds were launched, primarily “fixed income+” products with equity allocations up to 15%. Firms like Huabao, Rongtong, and Caitong Asset Management participated. Products include Shanxi Securities Asset Management’s Yuhong 60-Day Rolling Hold (A: 025850.OF; C: 025851.OF) and Rongtong Zenghe (A: 026214.OF; C: 026215.OF). Huabao Anrun Six-Month Hold (A: 025999.OF), launched on March 11, has the longest subscription period at 31 days.

Six FOFs were introduced, with multi-asset strategies incorporating gold exposure. E Fund Ruyi Yingze Six-Month Hold (A: 026598.OF; C: 026599.OF) sold out on its first day (March 9). Fullgoal issued two FOFs, including Fullgoal Yinghe稳健 Six-Month Hold (025818.OF). Notably, four of the six FOFs include gold in their benchmarks, with allocations of 3%–5%.

A single QDII fund, Great Wall Hong Kong Value Select (A: 026703.OF; C: 026704.OF), focusing on Hong Kong Stock Connect high-dividend strategies, was also launched.

Data source: Wind, fund announcements. AI-assisted writing. Funds carry risks; invest with caution.