 | |
 Headquarters at Bank of Guangzhou Tower | |
Native name | 易方达基金管理有限公司 |
|---|---|
| Company type | Private |
| Industry | Financial services |
| Founded | April 17, 2001 |
| Headquarters | |
| 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 |
| 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]
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Payment Method: Electronic Fund Transfers (EFT)
Transcription
History
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
- ^ "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
Major asset management companies | |
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This page was last edited on 16 March 2024, at 03:21