Power Grid Equipment ETF E Fund (560390) latest size: 1.61 billion yuan

April 2, after power grid equipment stocks surged higher in the early session, they showed a choppy pullback and then fell back. The Hang Seng A-shares power grid equipment theme index closed down 1.7%, and the sector maintained relatively strong resilience amid market adjustment.

As for the news, according to the “2026 January–February Power Grid Investment Completion Status Announcement” officially released by State Grid Corporation of China on March 20, 2026, and the report “Power Grid Construction Accelerates at the Start of the ‘15th Five-Year Plan’—Ultra-High-Voltage Projects Roll Out in Quick Succession” published by China Energy News on April 1, 2026, State Grid’s investment momentum continues to be stepped up. From January to February 2026, cumulative fixed-asset investment completed 757 billion yuan, representing a substantial year-on-year increase of 80.6%; in late March, two major flagship projects were rolled out. Sichuan’s first 500 kV transmission and transformation project under the “15th Five-Year Plan” and the Panzhixi ultra-high-voltage AC project were launched successively, with total investment exceeding 240 billion yuan in aggregate, further highlighting the sustained high level of industry momentum.

From the index characteristics and the index construction logic (data source: Wind, as of April 2, 2026):

Hang Seng A-shares Power Grid Equipment Theme Index: down 1.7% on the day; cumulative gain of 21.7% since the beginning of the year; annualized return of 22.9% since launch; annualized volatility of 26.8%. The index selects 50 leading companies whose business revenue of more than 40% comes from power grid-related sub-industries. The weights are more concentrated on leaders with larger market capitalizations; industries such as transmission and transformation equipment and power grid automation equipment together account for nearly 70%.

CSI Power Grid Equipment Theme Index: cumulative gain of 26.0% since the beginning of the year; annualized return of 18.3% since launch; annualized volatility of 24.3%. The index selects the first 80 theme-related companies as constituent stocks, with broader coverage; the allocation to the transmission and transformation equipment industry is 33.3%.

Regarding ETFs, the Power Grid Equipment ETF under E Fund—E Fund (560390) tracks the Hang Seng A-shares Power Grid Equipment Theme Index. Its latest size is 1.61 billion yuan, and the combined management fee + custody fee is only 0.2% per year.

Risk warning: Funds involve risk, and you should invest with caution.