On August 26, the BOC Securities A500 ETF (560430.SH) launched its offering. The fund manager is Zhang Yimin, and its performance benchmark is the return rate of the CSI A500 Index. The subscription period lasts 92 days, with an upper limit of 2 billion units for the fundraising. The management fee rate is 0.15%, which is 0.41 percentage points lower than the average for similar products.

According to Oriental Fortune Choice data, as of August 25, there were 122 exchange-traded stock funds in the same category (with the underlying index being the CSI A500). Their combined AUM was approximately RMB 256.901 billion. Among them, the earliest-established fund is the A500 ETF from Harvest (159351.SZ), which was established in September 2024.

In terms of fund managers, among the 122 products mentioned above, they are distributed across 86 fund companies, including E Fund, Harvest, Harvest, Huatai-Pine, ICBC Credit, China Europe, and China Merchants, among others. Looking at performance distribution: among the 98 products that have been established for more than one year, the returns over the past year ranged from -0.65% to 19.81%, with a median of 8.96%. For the 24 products established for less than one year, since inception returns ranged from -6.45% to 12.85%, with a median of 3.4%.

The data also shows that fund manager Zhang Yimin currently manages 6 products in total, with an aggregate managed size of approximately RMB 1.038 billion. Among them, for the Science and Technology Innovation and Entrepreneurship Artificial Intelligence ETF BOCS Securities (588530.SH), which has been established for less than one year, the return since inception was -11.12%, with an excess return of 10.22 percentage points. For the CSI A500 Index ETF BOCS Securities (023153.OF), established between one and three years ago, the return over the past year was 7.99%, with an excess return of 2.17 percentage points.

Among the four products with more than three years of operation, BOCS Securities Yingrui Hybrid A (011801.OF) had a return of 14.11% over the past three years, with an excess return of 3.60 percentage points; BOCS Securities Domestic Demand Growth Hybrid (013755.OF) had a return of 38.26% over the past three years, with an excess return of 14.74 percentage points; the Shenzhen ChiNext ETF BOCS Securities (159821.SZ) had a return of 69.854% over the past three years, with an excess return of 3.34 percentage points; and CSI 500 ETF BOCS Securities (515190.SH) had a return of 42.62% over the past three years, with an excess return of 4.46 percentage points.

The newly launched product underlying index, the CSI A500, was released by the CSI Index Company on September 23, 2024. It mainly covers representative listed companies across all A-share industries. The index includes a total of 500 constituent stocks. As of August 25, the index’s year-to-date return was -0.21%, with a PE (TTM) of approximately 16.7148x, and the percentile of PE over the past three years was 63.11%.

The data also indicates that BOCS Securities’ index-based stock funds have a combined size of approximately RMB 0.829 billion, accounting for about 0.8% of the company’s total size.