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]
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]
Referencesedit
^"E Fund". E Fund Management Company Limited. 21 March 2019. from the original on 18 May 2023. Retrieved 18 May 2023.
^ ab"China's E Fund and Dutch APG Introduce Financial Future Planning Academy - PR Newswire APAC". en.prnasia.com.
^ abZhou, Twinkle; March 2022, senior reporter (31 March 2022). "US$425B Chinese asset manager seeks to launch Singapore unit". Asian Private Banker. 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. 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. from the original on 20 September 2022. Retrieved 17 September 2022.
^ ab. 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. from the original on 10 August 2021. Retrieved 17 September 2022.
^ ab. 10 August 2021. Archived from the original on 10 August 2021. Retrieved 17 September 2022.
^ ab"Here comes the son |". Week in China. 9 June 2017. 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. 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. 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. from the original on 9 June 2023. Retrieved 2 October 2023.
External linksedit
Corporate website
January 01, 1970
fund, management, chinese, 易方达基金管理, chinese, asset, management, company, founded, 2001, considered, largest, asset, management, company, china, headquarters, bank, guangzhou, towernative, name易方达基金管理有限公司company, typeprivateindustryfinancial, servicesfoundedapr. 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 E Fund Management Co Ltd Headquarters at Bank of Guangzhou TowerNative name易方达基金管理有限公司Company typePrivateIndustryFinancial servicesFoundedApril 17 2001 23 years ago 2001 04 17 HeadquartersGuangzhou ChinaAUMUS 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 LimitedWebsitewww wbr efunds wbr com wbr cnFootnotes references 2 3 History editThe 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 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 a href Template Cite web html title Template Cite web cite web a 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 editCorporate website Retrieved from https en wikipedia org w index php title E Fund Management amp oldid 1213954847, wikipedia, wiki, book, books, library,
