Are you guys ready? Let's see how many people participated 😎
There have also been innovative breakthroughs in deepening the opening of the domestic capital market to the outside world and making it easier for investors in the Singaporean market to participate in GEM index investments at a lower cost.
On October 21, Dahua Ping An GEM ETF under Singapore Dahua Asset Management $UOBAM PINGAN CHINEXT S(CXS.SG$ Officially released, this is the first ETF product to track the domestic A-share index launched in the Singapore market after the Shenzhen Stock Exchange and the Singapore Stock Exchange signed an interconnection cooperation agreement. It lays the foundation for the next step in the implementation of Sino-Singapore ETF interconnection products, further strengthens the potential for capital market cooperation between China and Singapore, and promotes the long-term healthy development of the capital markets of the two countries. Dahua Ping An GEM ETF is expected to be listed on the Singapore Exchange in mid-November.
The Dahua Ping An GEM ETF issued this time will invest the funds raised in the Singapore market in the Ping An GEM ETF (code: 159964).
Ping An GEM ETF was established on March 15, 2019 to track the trend of Shenzhen's core index, the GEM Index. The GEM Index is the first broad-based index released in China to reflect the trend of growing domestic startups. It has strong technological attributes and an outstanding growth style. The index was released on June 1, 2010, and has been in operation for more than 12 years.
Judging from the composition of the index, the index focuses on emerging industries and high-tech enterprises in China. Among its top ten constituent stocks, strategic emerging industries account for 87%, and high-tech enterprises account for 90%. On September 9 this year, GEM ETF options products officially landed on the Shenzhen Stock Exchange, further enhancing the influence of the GEM Index.
On October 21, Dahua Ping An GEM ETF under Singapore Dahua Asset Management $UOBAM PINGAN CHINEXT S(CXS.SG$ Officially released, this is the first ETF product to track the domestic A-share index launched in the Singapore market after the Shenzhen Stock Exchange and the Singapore Stock Exchange signed an interconnection cooperation agreement. It lays the foundation for the next step in the implementation of Sino-Singapore ETF interconnection products, further strengthens the potential for capital market cooperation between China and Singapore, and promotes the long-term healthy development of the capital markets of the two countries. Dahua Ping An GEM ETF is expected to be listed on the Singapore Exchange in mid-November.
The Dahua Ping An GEM ETF issued this time will invest the funds raised in the Singapore market in the Ping An GEM ETF (code: 159964).
Ping An GEM ETF was established on March 15, 2019 to track the trend of Shenzhen's core index, the GEM Index. The GEM Index is the first broad-based index released in China to reflect the trend of growing domestic startups. It has strong technological attributes and an outstanding growth style. The index was released on June 1, 2010, and has been in operation for more than 12 years.
Judging from the composition of the index, the index focuses on emerging industries and high-tech enterprises in China. Among its top ten constituent stocks, strategic emerging industries account for 87%, and high-tech enterprises account for 90%. On September 9 this year, GEM ETF options products officially landed on the Shenzhen Stock Exchange, further enhancing the influence of the GEM Index.
According to the data, Ping An GEM ETF has a cumulative yield of 74.56% since its establishment until June 30, 2022, exceeding the performance comparison benchmark for the same period (70.32%). (Data source: Ping An GEM ETF 2022 interim report data). (Note 1)
Furthermore, Ping An GEM ETF's management rate is only 0.15% per year, which is lower than the level of 0.5% per year for most ETFs. It is one of the lowest ETF products in the market. This helps investors participate in GEM index investments at low cost and enhances the long-term investment experience.
Cheng Jun, manager of Ping An GEM ETF fund, said that GEM's ROE level has gradually increased since reaching a phased low level at the end of 2019, and has now basically returned to its historical high in 2017.
According to Wind's profit forecast, net profit growth rate in 2022 was 46%, and it still reached 40% in 2023. Combined with the current historically low valuation level, it has a high investment cost ratio. With the continuous implementation of China's science and technology innovation policies and the continuous advancement of the conversion of old and new kinetic energy, the long-term positive trend of GEM prosperity is expected to continue further.
In recent years, Ping An Fund's index investment business has relied on Ping An China's “Finance+Technology” and comprehensive financial advantages to deeply integrate innovation and technology genes into product R&D, investment and operation.
Currently, Ping An ETF has a complete product line, covering the six major types of broad-based indices, strategic indices, thematic indices, foreign indices, bond indices, and monetary funds. At the same time, Ping An Fund's self-developed “Poseidon System” ETF index investment platform can regularly review investment performance, which helps improve investment efficiency and reduce investment risks.
Ping An Fund said that as the world's second-largest economy, China's A-share market is still attractive to global investors. The company will use its talent advantages to continue to explore cooperation opportunities between the two sides in the field of overseas investment with shareholder Dahua Asset Management, and provide diversified products and services to domestic and foreign investors to meet increasingly diversified investment needs.
Note 1: Fund performance data source: Ping An Fund, Ping An GEM Traded Open Index Securities Investment Fund 2022 semi-annual report, reviewed by the custodian bank, as of June 30, 2022. Ping An GEM Traded Open Index Securities Investment Fund was established on 2019-03-15 and listed on 2019-04-19. The performance comparison benchmark is the GEM index yield. 2019-2021. Since its establishment, the net share value growth rate of Ping An GEM trading open index securities investment fund and its performance comparison benchmark growth rate are 7.25% /8, respectively. 96%, 67.03%/64.96%, 14.47%/12.02%, 74.56%/70.32%. The fund managers who worked during this period were: Qian Jing (2019-03-15 to 2021-11-16) and Cheng Jun (2019-03-15 to now). Past performance is not indicative of future earnings.
Furthermore, Ping An GEM ETF's management rate is only 0.15% per year, which is lower than the level of 0.5% per year for most ETFs. It is one of the lowest ETF products in the market. This helps investors participate in GEM index investments at low cost and enhances the long-term investment experience.
Cheng Jun, manager of Ping An GEM ETF fund, said that GEM's ROE level has gradually increased since reaching a phased low level at the end of 2019, and has now basically returned to its historical high in 2017.
According to Wind's profit forecast, net profit growth rate in 2022 was 46%, and it still reached 40% in 2023. Combined with the current historically low valuation level, it has a high investment cost ratio. With the continuous implementation of China's science and technology innovation policies and the continuous advancement of the conversion of old and new kinetic energy, the long-term positive trend of GEM prosperity is expected to continue further.
In recent years, Ping An Fund's index investment business has relied on Ping An China's “Finance+Technology” and comprehensive financial advantages to deeply integrate innovation and technology genes into product R&D, investment and operation.
Currently, Ping An ETF has a complete product line, covering the six major types of broad-based indices, strategic indices, thematic indices, foreign indices, bond indices, and monetary funds. At the same time, Ping An Fund's self-developed “Poseidon System” ETF index investment platform can regularly review investment performance, which helps improve investment efficiency and reduce investment risks.
Ping An Fund said that as the world's second-largest economy, China's A-share market is still attractive to global investors. The company will use its talent advantages to continue to explore cooperation opportunities between the two sides in the field of overseas investment with shareholder Dahua Asset Management, and provide diversified products and services to domestic and foreign investors to meet increasingly diversified investment needs.
Note 1: Fund performance data source: Ping An Fund, Ping An GEM Traded Open Index Securities Investment Fund 2022 semi-annual report, reviewed by the custodian bank, as of June 30, 2022. Ping An GEM Traded Open Index Securities Investment Fund was established on 2019-03-15 and listed on 2019-04-19. The performance comparison benchmark is the GEM index yield. 2019-2021. Since its establishment, the net share value growth rate of Ping An GEM trading open index securities investment fund and its performance comparison benchmark growth rate are 7.25% /8, respectively. 96%, 67.03%/64.96%, 14.47%/12.02%, 74.56%/70.32%. The fund managers who worked during this period were: Qian Jing (2019-03-15 to 2021-11-16) and Cheng Jun (2019-03-15 to now). Past performance is not indicative of future earnings.
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