According to an announcement from Rongtong Fund, the Rongtong SSE STAR Market Composite Index Enhancement Fund has concluded its fundraising ahead of schedule as it reached its maximum subscription limit. The fund began its offering on January 8, with an originally scheduled closing date of January 21 and a maximum fundraising cap of 2 billion yuan. Since the total subscription amount during the fundraising period has already surpassed 2 billion yuan, this fund is set to become the largest initial offering for a STAR Market index enhancement fund across the entire market.
The STAR Market Composite Index was launched on January 20, 2025, as the first comprehensive index designed to fully reflect the overall ecosystem of the STAR Market. From its base date (December 31, 2019) to January 6, 2026, the index has accumulated a gain of 72.04%.
It is reported that Rongtong Fund's index and quantitative investment team boasts a 20-year history, with its business scope covering various fund types including ETFs, over-the-counter index funds, index enhancement funds, and active quantitative funds. Since becoming part of China Chengtong Group in 2022, Rongtong Fund has vigorously developed its passive investment business, primarily focused on ETFs, successively launching and establishing products such as the Rongtong CSI Chengtong Central SOEs Science and Technology Innovation ETF, the Rongtong CSI Chengtong Central SOEs ESG ETF, the Rongtong CSI Chengtong Central SOEs Dividend ETF, and their feeder funds, thereby supporting the high-quality development of state-owned central enterprises and enriching wealth management tools for residents. Simultaneously, by continuously improving data sources, factor systems, quantitative strategy models, and risk models, the company has built a systematic and shared quantitative investment platform, gradually integrating large language models and high-frequency data into the platform to effectively enhance investment flexibility and scalability. According to Wind statistics, in 2025, seven index funds, including the Rongtong CSI Chengtong Central SOEs ESG ETF, the Rongtong CSI Chengtong Central SOEs Dividend ETF, and the Rongtong CSI Chengtong Central SOEs Science and Technology Innovation ETF, all achieved excess returns exceeding 3 percentage points. Taking the Rongtong CSI Chengtong Central SOEs Dividend ETF as an example, its 2025 performance was 15.59% (compared to a benchmark return of 11.62% for the same period), significantly outperforming its benchmark by 3.97 percentage points. The Rongtong ChiNext ETF delivered a performance return of 52.8% in 2025, also notably outperforming its benchmark return of 49.57% for the same period.
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