ETF一哥不止于指数

Core Viewpoint - The article discusses the growth and evolution of active investment strategies at both BlackRock and China Asset Management, highlighting the success of China Asset Management in the ETF market and its recent achievements in active equity funds [2][3]. Group 1: ETF Market Position - BlackRock has become the world's leading ETF provider with over $5 trillion in assets under management after acquiring Barclays iShares in 2009 [2]. - China Asset Management, often referred to as "China's BlackRock," launched its first ETF in 2004 and has seen its ETF management scale reach 903.562 billion as of Q3 this year, making it the leader in China's ETF market [2]. Group 2: Active Investment Growth - Both BlackRock and China Asset Management have not abandoned active investment; instead, they are expanding their active investment teams and strategies across various asset classes, including equities, fixed income, REITs, and private equity [2]. - China Asset Management's active equity funds have shown remarkable performance, with several funds achieving over 100% returns in the past year [3][4]. Group 3: Fund Performance - Notable funds managed by China Asset Management include: - China Digital Industry A: 104.19% return vs. 21.82% benchmark [4]. - China Software Leader A: 37.02% return vs. 8.16% benchmark [4]. - China Semiconductor Leader A: 50.06% return vs. 31.01% benchmark [4]. - The firm has consistently outperformed benchmarks across various sectors, including clean energy and digital economy [3][4]. Group 4: Strategic Vision - The General Manager of China Asset Management, Li Yimei, emphasizes the company's goal to create a "Lego" of asset management, offering a diverse range of asset categories to meet varied investment needs [5]. - The firm aims to build a global multi-asset platform, moving beyond just index asset management to a comprehensive asset management approach [5]. Group 5: Innovation and Market Leadership - China Asset Management has been a pioneer in the asset management industry, being the first to launch various products, including the first ETF and the first pension target fund in China [7]. - The firm has established a strong REITs department and has been proactive in exploring new markets, such as the North Exchange [7][8]. Group 6: Research and Development - The active investment strategy at China Asset Management is supported by a dedicated research team that focuses on emerging technologies and sectors, ensuring the firm captures key investment opportunities [13][14]. - The firm has developed innovative products based on thorough research, such as the CNQQ index, which reflects a proactive investment approach [15][16]. Group 7: Client Engagement - China Asset Management aims to enhance the investment experience for its clients, serving over 240 million individual clients and managing 2.85 trillion in assets [17]. - The company has developed tools like "Red Rocket" to make investment more engaging and accessible for clients, emphasizing the importance of clear product definitions and risk characteristics [18].