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E Fund Management

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E Fund Management Co., Ltd.
Native name
易方?基金管理有限公司
Company type Private
Industry Financial services
Founded April 17, 2001 ; 23 years ago  ( 2001-04-17 )
Headquarters
Guangzhou , China
AUM US$420 billion (September 2023) [1]
Owners GF Securities (22.65%)
Guangdong Yuecai Trust (22.65%)
Infore Group (22.65%)
Guangdong Rising Holdings Group (15.1%)
Guangzhou Guangyong State Owned Assets Management (7.55%)
Subsidiaries E Fund Management (Hong Kong) Co., Limited
Website www .efunds .com .cn
Footnotes / references
[2] [3]

E Fund Management ( Chinese : 易方?基金管理 ) is a Chinese asset management company founded in 2001. It is considered the largest asset management company in China. [3] [4]

History [ edit ]

The company was established on 17 April 2001. [2] The initial shareholders were GF Securities , Guangdong Yuecai Trust, Guangdong Securities (liquidated in 2005 [5] ), Chongqing International Trust, Tianjin Trust and Northern International Trust. [6]

In 2004, the Midea Group acquired the company's shares from Tianjin Trust and Northern International Trust [6] and in 2005, increased its ownership to 25% after acquiring Guangdong Securities' stake. [7] In 2007, the Midea group transferred its entire stake in the company to the Infore Group. [8] [9] He Jianfeng (son of Midea Group founder He Xiangjian ) is considered to be the owner of the Infore Group. [8] [9]

In 2008, the company established a Hong Kong Subsidiary named E Fund Management (Hong Kong) Co., Limited. [10]

The company's flagship mutual fund is the E Fund Blue Chip Selected Mixed Fund which had $8.3 billion in assets under management as of April 2023. In 2020 it has a return of 95% in 2020 which attracted significant subscriptions but in 2021 and 2022 it dropped 10% and 16% respectively. [11] [12]

References [ edit ]

  1. ^ "E Fund" . E Fund Management Company Limited . 21 March 2019. Archived from the original on 18 May 2023 . Retrieved 18 May 2023 .
  2. ^ a b "China's E Fund and Dutch APG Introduce Financial Future Planning Academy - PR Newswire APAC" . en.prnasia.com .
  3. ^ a b Zhou, Twinkle; March 2022, senior reporter (31 March 2022). "US$425B Chinese asset manager seeks to launch Singapore unit" . Asian Private Banker . Archived from the original on 28 November 2022 . Retrieved 29 October 2022 . {{ cite web }} : CS1 maint: numeric names: authors list ( link )
  4. ^ "E Fund overtakes Tianhong as China's largest fund manager | Asia Asset Management" . www.asiaasset.com . Archived from the original on 16 March 2024 . Retrieved 17 September 2022 .
  5. ^ "People's Daily Online -- Liquidation going on with Guangdong Securities Co" . en.people.cn . Archived from the original on 20 September 2022 . Retrieved 17 September 2022 .
  6. ^ a b "美的?股易方?" . 10 August 2021. Archived from the original on 10 August 2021 . Retrieved 17 September 2022 .
  7. ^ "美的?器：成易方??列最大股?-搜狐??" . business.sohu.com . Archived from the original on 10 August 2021 . Retrieved 17 September 2022 .
  8. ^ a b "美的?器??易方?基金股?玄机大揭秘" . 10 August 2021. Archived from the original on 10 August 2021 . Retrieved 17 September 2022 .
  9. ^ a b "Here comes the son |" . Week in China . 9 June 2017. Archived from the original on 20 September 2022 . Retrieved 17 September 2022 .
  10. ^ "E Fund wants to help connect Chinese investors to global markets" . South China Morning Post . 22 December 2017. Archived from the original on 20 September 2022 . Retrieved 18 September 2022 .
  11. ^ "China's biggest fund manager bets on Tencent, liquor distillers, dairy producer" . South China Morning Post . 31 March 2023. Archived from the original on 28 April 2023 . Retrieved 2 October 2023 .
  12. ^ Zhen, Summer; Shen, Samuel (9 June 2023). "China mutual fund sales dry up amid market gloom" . Reuters . Archived from the original on 9 June 2023 . Retrieved 2 October 2023 .

External links [ edit ]

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