聚焦高成长赛道 重启ETF产品布局

Core Viewpoint - Western Asset Management has re-launched its ETF product line with the introduction of the Western Asset Comprehensive ETF, focusing on high-growth sectors and innovative product forms to become a trusted passive investment expert for investors [1][3]. Group 1: ETF Product Launch - The company has launched its third ETF product, the Western Asset Comprehensive ETF, after a four-year hiatus, building on the foundation of its previous ETF offerings [1]. - The new ETF aims to capture the long-term value of the ChiNext market, which has shown robust performance over a 15-year market cycle [2]. Group 2: Market Strategy and Positioning - The decision to re-enter the ETF market is based on a confluence of market opportunities, strategic positioning, and capability alignment [1][3]. - The company plans to focus on high-growth sectors, innovative product forms, and enhanced technological capabilities to build an asset allocation ecosystem [3]. Group 3: Investment Environment - The current market environment presents opportunities due to structural improvements in profitability and a recovering credit cycle, despite short-term volatility in the domestic equity market [2]. - The core logic driving the growth of the ChiNext remains unchanged, supported by improved liquidity, industry breakthroughs, regulatory reforms, and enhanced capital aggregation effects [2]. Group 4: Team and Operational Structure - The ETF team has been restructured to ensure continuous business operations, utilizing a "day-night relay" collaboration mechanism for effective management [4]. - The team is focused on expanding the product line to include thematic ETFs, cross-border ETFs, and strategy-based ETFs, while prioritizing the recruitment of professionals with strong index research backgrounds [5].