A500 Fund has become the public offering "touchstone."

The market "turbulence" of A500 is getting bigger, and more institutions are joining the "fishing" effort.

With the launch of the third batch of A500 index products on November 5, the top three public fund management companies, Yi Fang Da, Hua Xia, and GF Securities, have all joined the fundraising effort for the A500 ETF.

This has triggered another round of "intense fluctuations" in the new fund market, and it is very likely to bring changes to the existing pattern of the A500 ETF.

"Three Giants" Join the Battle

The A500 index now appears to be the "hot battlefield" for new funds in the industry.

With the largest asset management companies in the industry, Yi Fang Da, Hua Xia, and GF Fund, successively joining the issuance of the A500 ETF, the entire situation has become lively again.

More than a month ago, the shortest subscription period for the first batch of the CSI A500 ETF was 4 days, and this subscription period was further shortened in the second batch.

From the sales information, GF's CSI A500 ETF only gave itself 3 days, while Yi Fang Da's CSI A500 ETF and Hua Xia's CSI A500 ETF only gave themselves 4 days, with the actual fundraising amount depending on each company's arrangements.

After all, the 2 billion yuan cap is not a difficult task for any determined public fund giant.

The results are also very clear; on the evening of November 5, Hua Xia's CSI A500 ETF announced the early end of its fundraising.

In addition, channel news indicates that GF's CSI A500 ETF, Tianhong's CSI A500 ETF, and Yi Fang Da's CSI A500 ETF all have considerable fundraising scales, and there is a high possibility that they will end fundraising in the following days.

"On-Site Scale Pattern" Undetermined

With the fundraising of the second batch of A500 ETFs, the already expanding on-site A500 ETF pattern may change rapidly.

According to WIND statistics as of November 4, the estimated total scale of on-site CSI A500 ETFs has exceeded 72.3 billion yuan.

Among them, the top Guotai A500 ETF has an estimated scale of over 18.3 billion yuan, far ahead of the second place, Invesco Great Wall A500 ETF, and the third place, Fortune A500 ETF, with estimated scales of over 7.8 billion yuan and 7.6 billion yuan, respectively.

However, given that the gap between the various on-site A500 ETFs is not far apart, with less than a 4 billion yuan difference between the second and tenth places, the evolution of the on-site pattern has yet to be determined.

"Variables" Have Emerged

Currently, the dynamics that can influence the current A500 market pattern come from three aspects.

First, the connection funds.

Currently, the A500 ETF with the lowest scale, Taikang A500 ETF, has announced an off-site A500 ETF connection with a founding scale exceeding 5.25 billion yuan (see the chart below) Once the off-market linked fund completes its subscription, TaiKang A500 may achieve a phase reversal.

Secondly, index products.

As is well known, several companies in the industry have already raised a considerable scale for the A500 index products, with leaders like GF A500 Index Fund likely having a significant scale.

In the future, constructing an ETF ecosystem around similar index products may certainly capture market share within the scope.

Thirdly, the second batch of A500 ETFs that have newly joined the fray.

Currently, leading index companies in the industry, such as Huaxia Fund and E Fund, have joined the "fray." With their powerful comprehensive systems and the "energy" to grow ETF scales.

Of course, the already leading Guotai A500 ETF is unlikely to easily relinquish its top position.

For new giants to rise, the old players must let go; this time, the "rise of the A500" has a lot to watch for