Tianhong CSI Hugangshen Iot Theme ETF opens for subscription today

minutes 2021/09/22 08:42:43

Sep 22, 2021 (China Knowledge) - Tianhong CSI Hugangshen Iot Theme ETF (517663) is launched today for subscription. The fund is a passive equity index fund managed by Tianhong Asset Management Co.,Ltd This fund builds a portfolio by buying all/part of the index to track the performance of the selected index.

Our records show the company is currently managing 138 funds with aggregate AUM of RMB 1236.75 bln.

The investment manager Chen Yao has over 4 years of experience. She has previously developed expertise in mitigating various risks, optimizing fund performance, and has a master's degree. Currently there are 24 funds under his management, totaled RMB 42,719 mln asset under management (AUM).

Chen seeks to invest the fund mostly in the finance, manufacturing and information transmission, software & information technology services industry. The top 5 holdings in her current portfolio are China Merchants Bank Co., Ltd. (600036), Industrial Bank Co.,Ltd. (601166), Ping An Insurance (Group) Company of China, Ltd. (601318), Kweichow Moutai Co.,Ltd. (600519) and Industrial and Commercial Bank of China Limited (601398), among which the best performing security fell 2.85% over the past 3 months.

Tianhong CSI New Material Theme ETF (159703) which she manages, since 27 May 2021, performed the best recording 98.24% in terms of annualized return, exceeded its peers’ average return. Over the past 6 months, it has realized a total gain of 24.76%.

Her other 23 funds are Tianhong CSI 300 ETF Feeder Fund (000961), Tianhong CSI 500 ETF Feeder Fund (000962), Tianhong SSE 50 Index Initiating Fund (001548), Tianhong SSE 50 Index Initiating Fund (001549) and so on offer annualized performance from -13% to 28%.

China Knowledge tracks and monitors fund managers’ all historical performance to assess one’s resiliency when handling market volatilities. In this respect Chen is given a 'C’ rating. This rating means the returns on managed funds are line with the average of similar funds or correspond with market benchmarks. Her risk control may need improvement. On resiliency against market volatilities she may expose to higher risk, and may underperform.  The highest rating for a fund manager is an 'A+’ to subsequent lower order of 'A', 'B', 'C' and the lowest is 'D'.

The subscription for this new fund will close on Sep 29.

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