On August 26, the Wanjia CSI Home Appliance Leading Index (028682.OF) began issuing. The fund manager is Yang Kun. Its performance benchmark is the CSI Home Appliance Leading Index return * 95% + the benchmark interest rate on demand deposits * 5%. The subscription period for this offering is 14 days. The maximum subscription units have not been disclosed. The management fee rate is 0.50%, equal to the average level within the same category.

According to Eastmoney Choice data, as of August 25, there are 3 stock index funds in the same category (with the underlying index being home-appliance leading stocks), with a combined size of about RMB 123 million. Among them, the earliest established fund is the home-appliance ETF by E Fund (159328.SZ), which was established in November 2024.

From the perspective of the managers, the above three products belong to three fund companies: E Fund, China Merchants Fund, and E Fund Management. From the performance distribution perspective, among the one product that has been established for more than one year (as of August 25, the same below), the return over the past year ranged from -5.43% to -5.43%, with a median of -5.43%; among the two products that have been established for less than one year, returns since inception ranged from -3.94% to 1.24%, with a median of -1.35%.

The data also show that fund manager Yang Kun currently manages 9 products, with total assets under management of about 6.262 billion yuan.

Among the products managed by fund manager Yang Kun, there are 7 products established for one to three years. Among them, the Wanjia Nasdaq 100 Index Initiated Fund (QDII) (019441.OF) had a return of 17.05% over the past year, with excess return of -1.07 percentage points; the Wanjia Hang Seng Internet ETF (159202.SZ) had a return of -32.05% over the past year, with excess return of -1.54 percentage points; the Wanjia Hong Kong Stock Connect Technology ETF (159251.SZ) had a return of -26.49% over the past year, with excess return of -3.42 percentage points; the Wanjia Hong Kong SOE Dividend ETF (159333.SZ) had a return of -1.83% over the past year, with excess return of 2.45 percentage points; the Wanjia A500 ETF (159356.SZ) had a return of 9.85% over the past year, with excess return of 3.84 percentage points; the Wanjia ChiNext 50 ETF (159372.SZ) had a return of 27.50% over the past year, with excess return of 1.32 percentage points; the Wanjia Dividend ETF (159581.SZ) had a return of 3.54% over the past year, with excess return of 3.91 percentage points.

There are 2 products that have been established for three years, among them, the Wanjia Beijing Stock Exchange 50 Constituents Index Initiated Fund (018120.OF) had a return of 34.63% over the past three years, with excess return of -5.95 percentage points; the Wanjia CSI 2000 ETF (159628.SZ) had a return of 47.54% over the past three years, with excess return of 13.44 percentage points.

The index of the newly launched product benchmark, the Leading Home Appliance Companies Index, was released by CSI Index Co., Ltd. in October 2017. It mainly covers leading listed companies in the home appliance industry, with a total of 30 constituent stocks. As of August 25, the index was down 11.37% year to date, with a P/E (TTM) of about 15.22 times and a three-year historical P/E percentile of 86.64%.

The data also show that the total scale of index equity funds under Wanjia Fund is about 28.788 billion yuan, accounting for about 4.5% of the company's total scale.