BEIJING, Feb. 2, 2024
/PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the
"Company"), the first U.S. listed EV charging service company in
China, today announced that it has
been included within the investment portfolio of PMC Diversified
Equity Fund (PMDEX) in the fourth quarter of 2023. According to
recently released SEC Form 13F data on US-based institutional
investors, PMDEX, a mutual fund under the umbrella of global
Turnkey Asset Management Platform (TAMP) giant Envestnet, has
turned its attention to China's
charging services market.
SEC Form 13F is a quarterly holdings disclosure mandated by the
U.S. Securities and Exchange Commission (SEC) for US-based
institutional investors managing over $1
billion in equity assets.
Envestnet (ENV.US) is one of the world's largest global TAMP
platforms, and Envestnet PMC is part of the company's wealth
management solutions business.
Envestnet's Quantitative Research Group (QRG) manages PMDEX
using a factor-based approach that aims to give exposure to asset
pricing factors that academic research has indicated to be the
primary drivers of excess return. PMDEX's allocations to global
equities follow PMC's asset class portfolio weightings for an
aggressive (i.e., 100% equity) model. The fund has allocated for
NaaS within its consumer retail category alongside other prominent
companies such as Amazon, Pinduoduo, JD.com, and Alibaba.
The booming Chinese new energy vehicle market has continued to
attract institutional attention to NaaS, which is positioned in the
fast-growing sector. Notably, the WilderHill Clean Energy ETF
(PBW), managed by renowned global asset management firm Invesco,
and the Fidelity NASDAQ Composite Index Fund (FNCMX) both increased
their positions in NaaS during the fourth quarter of 2023.
Additionally, active climate change-focused ETF funds such as
Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) and
Hanetf Electric Vehicle Charging Infrastructure UCITS ETF (ELEC)
have also recently added NaaS to their portfolios.
Moreover, several domestic and international index companies,
including the China Securities Index, Wind Information, and BITA,
have incorporated NaaS into various indices, signaling NaaS'
steadily increasing global recognition and influence.
About NaaS Technology Inc.
NaaS Technology Inc. is the first U.S. listed EV charging
service company in China. The
Company is a subsidiary of Newlinks Technology Limited, a leading
energy digitalization group in China. The Company provides one-stop EV
charging solutions to charging stations comprising online EV
charging, offline EV charging and innovative and other solutions,
supporting every stage of the station lifecycle. As of September 30, 2023, NaaS had connected 767,611
chargers covering 73,710 charging stations, representing 41.6% and
50.0% of China's public charging
market share respectively.
For investor and media inquiries, please contact:
Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com
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SOURCE NaaS Technology Inc.