公募基金周报：ETF通名单再度迎来扩容

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The first batch of the China Securities Index National New Hong Kong Stock Connect Central Enterprise Dividend ETFs was launched on July 10, 2024 [10] - Over 60 new funds are expected to be issued in July, with approximately 30% being actively managed equity funds, an increase from the previous month [11] - Public REITs are gaining popularity, with recent offerings exceeding expectations, raising nearly 27.3 billion yuan this year [12] - The ETF Connect list has been expanded, with 85 ETFs added, increasing the total asset scale to 1.7 trillion yuan [14] - The first Saudi ETFs are set to be listed on July 16, 2024 [15] - The adoption of the broker settlement model for actively managed equity funds has surged, with total assets reaching nearly 670 billion yuan, a twelvefold increase since 2019 [16] Market Review Equity Market Review - Major A-share indices showed an upward trend during the week of July 8-12, 2024, with the Shanghai Composite Index closing at 2971.30, up 0.72% [17] - The Hang Seng Tech Index rose by 5.15%, and the China Internet 30 Index increased by 4.79% during the same period [19] - The electronics and automotive sectors performed well, with respective increases of 6.10% and 5.66% [21] Bond Market Review - Most bond indices rose, with the China Government Bond Index showing a yield increase of 0.14% for the 7-10 year maturity [22] - The one-year China government bond yield was 1.54%, up 0.01% from the previous week [22] Public Fund Market Review Equity Fund Performance - The median return for ordinary stock funds was 1.46%, while the median return for mixed equity funds was 1.27% for the week of July 8-12, 2024 [31] - The average return for ordinary stock funds was 1.53%, indicating positive performance across most equity funds [31] Fund Company Performance - The top three fund managers based on the active equity index for the year were Manulife Fund, Tibet Dongcai Fund, and Zhongtai Asset Management, with cumulative returns of 8.23%, 7.95%, and 4.76% respectively [40][42] - For the week, the top three fund managers were Dongwu Fund, Tibet Dongcai Fund, and Bank of China Securities, with returns of 4.66%, 4.30%, and 4.17% respectively [43] Index Fund Performance - The median return for passive index funds was 1.58%, while enhanced index funds had a median return of 1.56% for the week [44] - Year-to-date, passive index funds have a median return of -6.18%, indicating a challenging environment for index tracking [47]