A-Share ETF Market Hits Record High in 2024

In the first half of 2024, the A-share ETF market soared past US$292 billion, driven largely by broad-based ETFs. E Fund Management led with ten new ETF launches, contributing significantly to this growth. High dividend yield ETFs also saw continuous inflows, expanding the diversity of onshore investors' portfolios.

In a landmark achievement for the first half of 2024, the A-share ETF market reached an unprecedented US$292 billion, primarily fueled by broad-based ETFs. New data from Wind shows that the assets of broad-based ETFs surged from US$83 billion in mid-2021 to over US$171 billion, capturing a 59% market share.

Notably, 25 fund companies launched 84 stock ETFs, significantly up from the previous year, with E Fund Management Co., Ltd. emerging as the frontrunner. E Fund introduced ten new ETFs, generating over US$505k in fundraising and reaffirming its position as China's largest fund manager.

High dividend yield ETFs also gained traction, attracting US$2.1 billion in continuous inflows. With notable gains reported by the CSI Dividend Total Return Index and others, these ETFs have enriched onshore investors' portfolios.

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