Three GEM Computing Infrastructure ETFs Launch With 4.14 Billion Yuan, 14.77 Billion Yuan and 332 Million Yuan Raised

Three GEM computing infrastructure ETFs from Tianhong, E Fund and China Asset Management have been established, with fundraising totals of 414 million yuan, 1.477 billion yuan and 332 million yuan, respectively, according to Jiemian News. Southern Fund also said its GEM computing infrastructure ETF ended fundraising early. The products track the GEM computing infrastructure index, and Jiemian News reported that the first batch of 10 products was approved for registration by China's securities regulator on August 28 after being filed on August 7. The fundraising pace has been uneven. Tianhong's GEM computing infrastructure ETF, code 158061, closed on its first day of sale and was formally established on September 9 with 414 million yuan raised from 4,976 holders. By contrast, Fullgoal Fund said on September 10 that the fundraising period for its GEM computing infrastructure infrastructure ETF would be extended to September 16 from the original September 4 to September 11 window, after consultation with its custodian, China Merchants Bank, and sales agencies. The article said the index focuses on GEM stocks involved in computing, networking, storage, operations and other computing infrastructure-related areas, covering data centers, communications equipment, PCB, storage and liquid cooling. Based on Wind consensus estimates, constituent companies' 2026 revenue and net profit are expected to rise 69.93% and 173.35% year on year. E Fund manager Xiao Wanyuan said global computing demand remains in a sustained growth phase, while Tianhong manager Hong Minghua said AI commercialization, token usage growth and rising agent penetration are supporting domestic AI infrastructure demand.