Guotai Fund’s ETF Assets Surge to 342.3 Billion Yuan, Ranking Third in China
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Guotai Fund’s exchange-traded fund (ETF) assets under management hit 342.3 billion yuan as of June 16, climbing to third place in the industry, just behind E Fund Management and China Asset Management.
According to Jin10, Wind data showed that Guotai Fund’s ETF assets under management skyrocketed by 55.8 billion yuan this year, taking the top spot in the market.
The Guotai Communications ETF and the Guotai Semiconductor Equipment ETF pumped in increases of 33.1 billion yuan and 15.3 billion yuan, respectively. The Guotai Power Grid Equipment ETF and the Guotai Gold ETF each surged by over 6.0 billion yuan in assets under management.