LOCATION: SZSE English/PRODUCTS/LeFu Funds

About LeFu

 "Make life enjoyable and fortune accessible to all”.

 

In December 2010, on the occasion of the 20th anniversary of the founding of the Shenzhen stock market, SZSE launched its brand for listed funds - LeFu.

  

LeFu covers all SZSE-listed fund products including closed-end funds, listed open-end funds (LOF), and exchange traded funds (ETF). LeFu Fund has four major features: a rich diversity of products, low trading cost, easiness to trade and efficiency in investment turnover. At present, LeFu includes several hundred listed funds, such as equity ETF, bond ETF, mixed ETF, commodity ETF and money market ETF, which invest in domestic and overseas markets. Investors can purchase, trade, and redeem LeFu Fund units through a unified account with SZSE. The launch of the LeFu brand has created a precedent in the development of China's ETF market.

 

LeFu Fund is committed to serving as a link between investors, fund management companies and securities firms, a platform to offer high-quality products to investors and an important channel for investors to invest in funds.

 

Milestones

Reviewing the development of the SZSE’s ETF market, from the listing of the first closed-end fund Kaiyuan on 7th April, 1998 to the debut of a new fund variety LOF independently developed by the Shenzhen Stock Exchange in August 2004, SZSE Funds have made one breakthrough after another through years of persist exploration.

 

April 2006

SZSE100 ETF, SZSE’s first exchange traded fund, was launched. Its annual return rate has been among the best of all funds for many years. 

 

December 2008

Fullgoal Tianfeng, the first closed-end bond fund, was listed, opening up new areas for closed-end funds.

 

May 2012

Harvest CSI 300 Index Fund, SZSE’s first cross market ETF, was listed, realizing the interconnection between SZSE and SSE.

 

October 2012

China AMC HSI ETF, SZSE’s first cross-border ETF, was launched, expanding the portfolio of ETF investment overseas.

 

August 2013

Harvest Mid-term Gov Bond ETF, SZSE’s first bond ETF, was listed, which realized the coverage of fixed income products by the SZSE ETF.

 

December 2013

EasyFonda Gold ETF, SZSE’s first gold ETF, was listed, filling the gap of the listed fund in the commodity spot market.

 

October 2014

Efunds Money Market and CMF Express, SZSE’s first batch of transactional money market ETFs, were listed, providing investors with convenient and efficient cash management products.

 

August 2015

UBS Silver Fund LOF, SZSE’s first commodity futures fund, was listed, achieving a zero breakthrough of the public fund in the commodity futures market.

 

September 2015

Penghua Qianhai, SZSE’s first REITS fund, was listed, which pioneered the public collection of REITS products.

 

LeFu Fund has gained wide recognition for its performance over the years. In 2005, SZSE LOFs won the second prize of Shenzhen Financial Innovation Award. In September 2010, SZSE was granted the Best Listed Fund Exchange in Asia by ETFs Magazine.

By the end of Oct 2018, the SZSE has a total of 519 listed funds with free float cap of USD 19.14 billion

 

Number of Listed Funds

Market Cap of Listed Funds

Close-end Fund

1

USD 0.11 billion

ETFs

55

USD 11.0 billion

LOFs

237

USD 3.29 billion

Structured Funds

226

USD 4.70 billion