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In March, manufacturing PMI returned to the expansion zone. Focus on A500 ETF E Fund (159361) and ChiNext ETF E Fund (159915) investment value
The latest data from the National Bureau of Statistics shows that in March, manufacturing business sentiment improved. Market demand was better released, and enterprises’ overall production activities rebounded. China’s manufacturing purchasing managers’ index (PMI) was 50.4%, up 1.4 percentage points from the previous month, returning to the expansion zone. By structure, the PMI for high-tech manufacturing was 52.1%, up 0.6 percentage points from the previous month. It has remained above the threshold for 14 consecutive months, indicating that the development trend in industries related to new-quality productive forces continues to look promising.
A500ETF by E Fund (159361, fund link A/C/Y: 022459/022460/022930) tracks the CSI A500 Index focused on large market capitalization companies with better liquidity. The sector allocation is balanced and the proportion of new-quality productive forces is high. The ChiNext ETF by E Fund (159915, fund link A/C/Y: 110026/004744/022907) tracks the ChiNext Index, which consists of 100 stocks with larger market caps and better liquidity from the ChiNext market, focusing on high-growth tracks such as communications, power equipment, and biopharmaceuticals.
Both products’ asset sizes rank among the top in ETFs tracking the same benchmark, with good liquidity and management fees of only 0.15% per year, which can help investors build positions along the main lines of an economic recovery and industrial upgrading at low cost.
Economic Daily News