E Fund Management

E Fund Management (Chinese: 易方达基金管理) is a Chinese asset management company founded in 2001. It is considered the largest asset management company in China.^[3][4]

E Fund Management Co., Ltd.

Headquarters at Bank of Guangzhou Tower
Native name	易方达基金管理有限公司
Company type	Private
Industry	Financial services
Founded	April 17, 2001; 24 years ago (2001-04-17)
Headquarters	Guangzhou, China
AUM	US$505 billion (September 2024)[1]
Owners	GF Securities (22.65%) Guangdong Yuecai Trust (22.65%) Infore Group (22.65%) Guangdong Rising Holdings Group (15.1%) Guangzhou Guangyong State Owned Assets Management (7.55%)
Subsidiaries	E Fund Management (Hong Kong) Co., Limited
Website	www.efunds.com.cn
Footnotes / references [2][3]

History

The company was established on 17 April 2001.^[2] The initial shareholders were GF Securities, Guangdong Yuecai Trust, Guangdong Securities (liquidated in 2005^[5]), Chongqing International Trust, Tianjin Trust and Northern International Trust.^[6]

In 2004, the Midea Group acquired the company's shares from Tianjin Trust and Northern International Trust^[6] and in 2005, increased its ownership to 25% after acquiring Guangdong Securities' stake.^[7] In 2007, the Midea group transferred its entire stake in the company to the Infore Group.^[8][9] He Jianfeng (son of Midea Group founder He Xiangjian) is considered to be the owner of the Infore Group.^[8][9]

In 2008, the company established a Hong Kong Subsidiary named E Fund Management (Hong Kong) Co., Limited.^[10]

The company's flagship mutual fund is the E Fund Blue Chip Selected Mixed Fund which had $8.3 billion in assets under management as of April 2023. In 2020 it has a return of 95% in 2020 which attracted significant subscriptions but in 2021 and 2022 it dropped 10% and 16% respectively.^[11][12]