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ETF火热下的冷思考:头部玩家如何筑起护城河?
Sou Hu Cai Jing· 2025-07-10 13:58
这种头部集中的格局,与其说是市场选择的结果,不如说是综合实力的较量。 ETF赛道拼的是投研一体化的硬实力、产业趋势的预判力以及服务生态的构建力。 文/每日财报 沐言 今年上半年境内ETF市场总规模首次突破了4万亿元大关,在如此高的基数仍然能实现15%的环比增速让整个行业为之沸腾。 Wind数据显示,前 12 家基金公司占据超八成市场份额,前五家又占据了近六成,嘉实基金则以2600亿元的ETF规模稳居前五。不仅有规模优势,其管理 能力也不恍让。在国泰海通最新权益类基金绝对收益排名中,截止2025年6月30日,这家公司近一年以 16.06% 的收益率跃居大型公司第三,较去年的第 八位显著提升。 除了上述方向,嘉实基金在自主可控、数字AI、绿色低碳、生命技术这些细分市场也都深有研究,做了布局。以自主可控方向为例,包括嘉实科创芯片 ETF(588200)、集成电路ETF(562820)、信息安全ETF(159613)等;数字AI方向则有软件ETF(159852)、通信ETF(159695)、机器人ETF嘉实 (159526)等产品。 截止7月10日,最近一年,嘉实科创芯片ETF涨幅超58%,软件ETF涨幅超55%,稀 ...
从被动竞速到生态赋能,嘉实基金的“超级”进化路|ETF领航者
2 1 Shi Ji Jing Ji Bao Dao· 2025-06-17 06:47
文|杨娜娜 从规模化到转向高质量发展,更多加快优化指数投资生态建设的探索和行动正落到实处。 6月17日,嘉实基金旗下22只指数产品统一变更场内扩位证券简称,其中包括21只ETF与1只LOF产品。 变更后的简称采用"标的指数+ETF+嘉实"或"标的指数+ETF"的规则,相关基金代码、基金名称等其他 事项均保持不变。 场内扩位证券简称是投资者在场内搜索、买卖指数产品时使用的关键信息之一。近年来,随着指数投资 大发展,跟踪同一标的指数的ETF数量不断增加。 此次,嘉实基金旗下产品优化场内扩位证券简称、推动简称标准化,有助于进一步提升相关产品场内交 易的辨识度,优化投资者的筛选、决策、投资效率,最大程度地便利投资者。 嘉实基金提出,看得懂才能选得对,希望通过这种"所见即所得"的命名方式,帮助广大的投资者们更直 观、更快速、更准确地理解ETF产品的核心特性。"投资者利益是ETF生态建设的核心,更是重中之重。 每一个有利于投资者利益的改变,哪怕再细微都应积极去落实。" 便利本就是ETF产品独有的特性,"超级便利"则体现为基金公司持续通过精细化的运营,提升流动性、 降低跟踪误差,不断地打磨更加便利和全面的产品货架。 "超级 ...
嘉实基金22只ETF同日“改名”,51家公募角逐4万亿ETF蓝海
Sou Hu Cai Jing· 2025-06-16 08:29
Core Viewpoint - The ongoing trend of renaming ETFs is aimed at enhancing clarity and reducing confusion for investors, as evidenced by the recent announcement from Harvest Fund to rename 22 of its ETFs to a standardized format [1][6]. Group 1: ETF Renaming and Standardization - Harvest Fund announced the renaming of 22 ETFs, including major indices like CSI A500 and CSI A100, to a clearer format that includes "Index + Product Type + Manager" [1][2]. - The renaming process does not affect product codes, fees, or investment strategies, ensuring that existing shareholder rights remain intact [1][2]. - This renaming initiative is part of a broader industry trend, with other firms like Huaxia and E Fund also having renamed their ETFs this year [2][6]. Group 2: Market Growth and Trends - The total scale of ETFs in China surpassed 4 trillion yuan for the first time in April 2023, marking a significant growth from just over 3 trillion yuan in September 2022 [6][10]. - As of June 16, 2023, there are 51 public fund companies managing 1,163 ETFs, with a total net asset value of approximately 3.99 trillion yuan [7][8]. - The ETF market is experiencing a "Matthew Effect," where the top 10 fund companies manage nearly 85% of the total ETF assets, highlighting a concentration of market power [8][9]. Group 3: Fee Structure and Investor Engagement - Management fees for ETFs have increased significantly, with Huaxia Fund's fees rising from 11.9 million yuan in 2022 to 24.53 million yuan in 2024 [9]. - The trend towards lower fees is evident, with many newly launched ETFs adopting a management fee structure of 0.15% [9][10]. - The number of accounts participating in the ETF market has grown to nearly 10 million, reflecting a rising interest in index-based investment strategies [10][11]. Group 4: Future Development and Strategy - The Shanghai Stock Exchange emphasizes the need for high-quality development in the ETF market, focusing on enhancing product supply and optimizing market mechanisms [10][11]. - Public fund managers are increasingly adopting a "research + service + strategy" model to improve transparency and accessibility of ETF products for investors [11].