July 13, the "2021 Shanghai Securities News Asset Management Summit Forum" was grandly held in Shanghai, and the 2021 Annual Fund Award Ceremony was held. Cathay Fund won the Golden Fund · Passive Investment Fund Management Company Award. As of the end of the second quarter of 2021, Cathay Pacific had a total of 27 non-monetary ETFs with a total scale of 79.4 billion yuan, of which 21 industry/theme ETFs had a total scale of 74.3 billion yuan.
It is understood that Cathay Fund is one of the earliest fund companies in China to expand into the ETF field. In 2011, Cathay Fund issued the first industry ETF product in the market - Cathay Shanghai Stock Exchange 180 Financial ETF. Since then, the company has been continuously deepening its ETF field. The company has successively issued the first batch of domestic treasury bond ETFs, the first batch of domestic "cross-market, cross-regulatory, cross-system" gold ETFs, and the first batch of domestic cross-time zone Nasdaq ETFs. Cathay Fund's flagship products such as military ETFs and securities ETFs are the first in China.
Based on the stable operation of the existing ETF products, Cathay Fund has focused on ETF products with "major asset allocation + industry allocation", continuously upgraded and enriched the product line, providing investors with broad choice space. In terms of traditional broad-based indexes, Cathay's ETF products cover different assets such as A shares, US shares, , bonds, currency, commodities, etc., which can meet investors' diverse asset allocation needs; in the industry, Cathay's ETF products fully cover many fields such as finance, steel, military industry, computers, securities, biomedicine, semiconductors, new energy vehicles, coal, and home appliances. These ETF products with many names and different characteristics have formed the company's unique characteristics and helped investors seize industry rotation opportunities.
Since 2021, Cathay Pacific has continued to follow the idea of "high technology" and "pro-cyclical" to explore industries with certain market demand and market capacity and "can be equipped with ETF wings", and has successively issued software ETFs, game ETFs, breeding ETFs, chemical leading ETFs, environmental protection ETFs, automotive ETFs, mechanical ETFs, building materials ETFs, nonferrous metals 60 industry ETFs, as well as the first batch of science and technology entrepreneurship ETFs. 10 ETFs were issued in the first half of the year, and a batch of products are still on the verge of the second half of the year. Currently, the products that have been approved and unissued include Hong Kong Stock Connect 50, photovoltaic ETF, film and television ETF, consumer electronic ETF, smart car ETF, Shanghai-Hong Kong-Shenzhen innovative drug ETF, Shanghai-Hong Kong-Shenzhen Education ETF, Hong Kong-Shenzhen Technology ETF, Shanghai-Hong Kong-Shenzhen Game ETF, etc. The ETFs that are being reported include Shanghai-Shenzhen 300 Index Enhanced ETF, etc. The product line is fully laid out and the scale liquidity is also excellent.
Cathay Pacific Fund supports the development of ETF product lines from a strategic level. The index team efficiently empowers the entire product line from product design to continuous marketing, allowing Cathay Pacific to make every step in the ETF field steadily and efficiently. In the quantitative investment business department, the ETF's functions such as investment, research, products, marketing, and sales are clear, the decision-making chain is short, the efficiency is higher, the response is faster when the market changes, and it is easier to quickly reach internal consensus. The company's strategic support and the healthy operation of the business unit form a strong synergy, which is indispensable.
"Looking back on the development path of the past few years, we believe that the characteristics of structural investment opportunities in the stock market and the progress of investors' investment philosophy are the biggest driving force for the development of the ETF market. Investors have a great demand for ETF products. The background and original intention of our design of ETF products are based on investors' needs," said Liang Xing, director of the quantitative investment business department of Cathay Fund. "ETF has a distinctive style, low fees, can be traded in the trading session, and the efficiency and convenience of funds are higher, which is very attractive to institutional and individual investors. As domestic investors become more mature and domestic investors' education is getting better and better, there will be more and more such investors, and the development space for ETF products is also getting bigger and bigger."
Note: The views are for reference only and do not constitute investment advice or commitment. The market is risky, so be cautious when investing.
