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Contents

   



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1 History  





2 References  





3 External links  














E Fund Management







 

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From Wikipedia, the free encyclopedia
 


E Fund Management Co., Ltd.

Native name

易方达基金管理有限公司
Company typePrivate
IndustryFinancial services
FoundedApril 17, 2001; 23 years ago (2001-04-17)
Headquarters
AUMUS$420 billion (September 2023)[1]
OwnersGF 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%)
SubsidiariesE Fund Management (Hong Kong) Co., Limited
Websitewww.efunds.com.cn
Footnotes / references
[2][3]

E Fund Management (Chinese: 易方达基金管理) 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.
  • ^ a b "China's E Fund and Dutch APG Introduce Financial Future Planning Academy - PR Newswire APAC". en.prnasia.com.
  • ^ 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)
  • ^ "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.
  • ^ "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.
  • ^ a b "美的参股易方达". 10 August 2021. Archived from the original on 10 August 2021. Retrieved 17 September 2022.
  • ^ "美的电器:成易方达并列最大股东-搜狐财经". business.sohu.com. Archived from the original on 10 August 2021. Retrieved 17 September 2022.
  • ^ a b "美的电器转让易方达基金股权玄机大揭秘". 10 August 2021. Archived from the original on 10 August 2021. Retrieved 17 September 2022.
  • ^ a b "Here comes the son |". Week in China. 9 June 2017. Archived from the original on 20 September 2022. Retrieved 17 September 2022.
  • ^ "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.
  • ^ "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.
  • ^ 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]


    Retrieved from "https://en.wikipedia.org/w/index.php?title=E_Fund_Management&oldid=1213954847"

    Categories: 
    Financial services companies of China
    Financial services companies established in 2001
    Investment management companies of China
    Hidden categories: 
    CS1 maint: numeric names: authors list
    Articles with short description
    Short description matches Wikidata
    Use dmy dates from December 2023
    Articles containing simplified Chinese-language text
     



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