The following is the reason for the response
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On September 12, Penghua Kechuang 100 ETF released a listing and trading announcement, which is a sample of 100 securities with medium market capitalization and better liquidity from the STAR Board, representing the performance of the STAR Board's mid-capitalization. Below is a breakdown of the top 10 equity investments in the report, sorted by fair value as a percentage of the Fund's Net Asset Value. In this issue, we interact with Wen Xin to see the Penghua Kechuang 100 ETF Fund in its eyes~
(Source: Penghua SSE Science and Technology Innovation Board 100 Exchange-Traded Open-ended Index Securities Investment Fund Listing and Trading Announcement, the historical position of the fund does not represent the current position, and the individual stock example does not constitute investment advice)
What are the characteristics of the constituent stocks of Penghua Kechuang 100 ETF?
The constituent stocks of Penghua Science and Technology Innovation 100 Index Fund have the following characteristics:
1. Diversified and balanced industry allocation: The industry distribution of the constituent stocks of the Science and Technology Innovation 100 Index Fund is relatively scattered, and there is no excessive dependence on a single industry or track.
2. Technology-based enterprises: The constituent stocks of the Science and Technology Innovation 100 Index Fund are mainly technology-based enterprises with breakthrough key core technologies, which have high growth potential and are expected to bring better returns to investors.
3. Diversification of allocation: The diversification of the constituent stocks of the Science and Technology Innovation 100 Index Fund can effectively diversify investment risks and improve the stability and sustainability of returns.
4. High-quality assets: The constituent stocks of the Science and Technology Innovation 100 Index Fund are high-quality assets with good growth potential and profitability, and the corporate governance structure is perfect, and it has high market competitiveness.
5. Stability and sustainability: The performance stability and sustainability of the constituent stocks of the Science and Technology Innovation 100 Index Fund are better, mainly due to their high profitability and good market competitiveness.
In short, the industry allocation of the constituent stocks of Penghua Science and Technology Innovation 100 Index Fund is scattered and balanced, mainly technology-based enterprises, with the characteristics of diversification, high-quality assets, stability and sustainability. By investing in this fund, investors can deploy high-quality assets with small and mid-cap market capitalization on the STAR Board with one click, and obtain overall opportunities in the industry.
Based on the top 10 heavy stocks announced so far,
Why is Penghua Kechuang 100 ETF worth allocating to?
According to the top ten heavy stocks announced so far, the reasons why Penghua Kechuang 100 ETF is worth allocating are as follows:
1. Leading position in the technology industry: The constituents of Penghua Kechuang 100 ETF are mainly concentrated in technology-based companies with breakthrough key core technologies, including many leading companies in the technology field. This means that investors can share the benefits of these enterprises in technological innovation and development through the fund.
2. High growth potential: Most of the constituent companies of Penghua Kechuang 100 ETF are high-quality technology companies with high growth potential, which have innovative technologies and business models and are expected to achieve rapid performance growth in the future.
3. High-quality assets: The constituent stocks of Penghua Kechuang 100 ETF are strictly screened high-quality assets, these companies have good fundamentals and profitability, and also have a sound corporate governance structure. This provides investors with a relatively safe and stable way to invest.
4. Diversified allocation: The constituent stocks of Penghua Kechuang 100 ETF cover a number of technology industries and fields, which allows investors to achieve diversified investment through the fund and reduce the risk of a single investment.
5. Advantages of index funds: As an index fund, Penghua Kechuang 100 ETF has lower management costs and higher transparency. In addition, the fund employs a passive investment strategy designed to minimize tracking errors and maximize index replication.
In short, Penghua Kechuang 100 ETF provides investors with a new investment tool based on the leading position in the technology industry, high growth potential, high-quality assets, diversified allocation and index funds. By allocating the fund, investors can share in the rapid development and high growth potential of the technology sector.
Based on the top 10 heavy stocks announced so far,
Who is Penghua Kechuang 100 ETF Fund suitable for?
According to the top 10 heavy stocks of Penghua Science and Technology Innovation 100 Index Fund, it can be seen that the fund is suitable for the following investors:
1. Investors who pay attention to technological innovation: The fund focuses on high-level technology self-reliance stocks on the science and technology innovation board, covering popular industries such as new energy, semiconductors, and medical care. Therefore, investors who pay attention to technological innovation can consider the Penghua Science and Technology Innovation 100 Index Fund.
2. Investors with high risk tolerance: Since the fund invests in high-level technology self-reliance stocks on the science and technology innovation board, most of these companies are in emerging industries with high volatility and risk, investors are required to have a high risk tolerance.
3. Long-term investors: Since the development of the STAR Board takes time, the fund is suitable for long-term investors. At the same time, the companies in the fund's top ten heavy stocks also have higher growth and potential, and holding these stocks for a long time can obtain higher returns.
4. Investors who wish to diversify: The fund invests in stocks from multiple industries and companies, which can reduce the risk of a single stock, so it is suitable for investors who want to diversify.
It should be noted that although the fund has high investment value and development potential, investment is risky, and investors need to make decisions based on their own risk tolerance and investment objectives.
Based on the top 10 heavy stocks announced so far,
How to see the long-term investment value of Penghua Kechuang 100 ETF Fund?
The STAR 100 Index is the second broad-based index of the STAR Board, composed of small and medium-sized capitalization companies, mainly distributed in the subdivisions of strategic emerging industries, such as new generation information technology, biomedicine, high-end equipment and new materials. These companies have the characteristics of strong innovation, new business model and large market space, and the market value of the constituent stocks of the Science and Technology Innovation 100 Index is mainly distributed between 5 billion yuan and 20 billion yuan, and the median market value is about 12 billion yuan, which has good market representation and growth.
From the perspective of long-term investment value, the Science and Technology Innovation 100 Index has high investment potential. First of all, the STAR Board is an important measure of China's capital market reform, aiming to support the development of scientific and technological innovation enterprises. With the transformation and upgrading of China's economy, scientific and technological innovation has become a key driving force for future development, and the STAR 100 index, as an important part of the science and technology innovation board, will benefit from the support of national policies and the growth of market demand.
Secondly, the selection of the constituent stocks of the Science and Technology Innovation 100 Index is based on a comprehensive evaluation of multiple dimensions such as innovation, growth and market prospects, and most of these companies are leaders in their respective fields, with strong market competitiveness and innovation capabilities, and have high growth potential and profitability. In addition, the Science and Technology Innovation 100 Index also has good diversification, which can reduce investment risks and improve the stability of investment returns.
Finally, the STAR 100 Index also has good liquidity, providing investors with convenient investment opportunities. At the same time, the trading mechanism of the STAR Board is more flexible than that of the main board, including but not limited to price limit and circuit breaker mechanism, which can better adapt to the characteristics of the STAR Board market and provide investors with richer investment strategies and tools.
It should be noted that although the STAR 100 Index has high investment potential, there are still certain risks in investing in the STAR Board. Investors need to understand the risk characteristics and investment risk tolerance of the STAR Market, allocate assets reasonably, and avoid blindly following the trend. At the same time, investors also need to pay attention to the impact of market policy changes, macroeconomic and other factors on the STAR Board, as well as the performance fluctuations and stock liquidity risks of the constituent stocks of the STAR 100 Index.
The risk disclosure of promotional materials is as follows
The above views only represent the personal views of the fund manager, do not represent the views of the fund manager, do not constitute actual investment advice, and do not represent the past and future positions of the fund. Investment is risky, and investment needs to be cautious. A publicly offered securities investment fund (hereinafter referred to as a "fund") is a long-term investment vehicle, its main function is to diversify investment and reduce the individual risks arising from investing in a single security. Unlike financial instruments such as bank savings that provide fixed income expectations, when you purchase fund products, you may share the income generated by the fund's investment according to your share, or you may bear the losses caused by the fund's investment.
Before you make an investment decision, please carefully read the product legal documents such as the fund contract, fund prospectus and fund product information summary and this risk disclosure letter, fully understand the risk-return characteristics and product characteristics of the fund, carefully consider the various risk factors existing in the fund, and fully consider your own risk tolerance according to your own investment objectives, investment period, investment experience, asset status and other factors, and make rational judgments and prudent investment decisions on the basis of understanding the product situation and sales suitability opinions. According to relevant laws and regulations, the fund manager Penghua Fund Management Co., Ltd. and the relevant sales institutions of the Fund make the following risk disclosures: 1. According to the different investment objects, the funds are divided into different types such as stock funds, hybrid funds, bond funds, money market funds, funds of funds, commodity funds, etc., and the more you invest in different types of funds, you will obtain different income expectations and bear greater risks. 2. The fund may face various risks in the process of investment operation, including market risks, as well as the fund's own management risks, technical risks and compliance risks. Huge redemption risk is a risk unique to open-end funds, that is, when the net redemption application of a single open day fund exceeds a certain percentage of the total share of the fund (10% for open-end funds, 20% for regular open funds, except for special products stipulated by the CSRC), you may not be able to redeem all the fund shares applied for in time, or the payment of the money you redeem may be delayed. 3. You should fully understand the difference between regular fixed investment and lump sum savings methods such as regular fixed amount investment of funds. Regular fixed investment is a simple and easy way to guide investors to make long-term investment and average investment costs, but it cannot avoid the inherent risks of fund investment, cannot guarantee investors to obtain returns, and is not an equivalent financial management method to replace savings. 4. Risk disclosure of special types of products: 1. If the product you purchase is a pension target fund, the name of the product "pension" does not represent income protection or any other form of income commitment, the product is not capital guaranteed, and losses may occur. Please read the special risk disclosure carefully to confirm that you understand the characteristics of the product. 2. If the product you purchase is a money market fund, the purchase of money market funds does not mean that the funds are deposited in a bank or depository financial institution, and the fund manager does not guarantee that the fund will be profitable, nor does it guarantee the minimum return. Please read the "Risk Disclosure" section of the fund prospectus carefully to confirm that you understand the specific risks of money market funds. 3. If the product you purchase is a fund of funds, the product mainly invests in publicly offered securities investment funds, and has similar risk-return characteristics to the underlying fund, if the product adopts an absolute return strategy and adopts the performance comparison benchmark of absolute return, the performance comparison benchmark of the fund is the return target that the fund investment strives to achieve, and does not mean that the fund will necessarily achieve the performance benchmark return. Please read the special risk disclosure carefully to confirm that you understand the characteristics of the product. 4. If the product you purchase is a fund managed by the manager, and the fund manager divides the fund assets into two or more asset units, entrusts two or more third-party asset management institutions to act as investment advisers and provide investment advice for specific asset units, the investment in the product needs to bear specific risks brought by the method of entrusting an investment adviser, such as the risk that the investment adviser does not provide investment advice as agreed, and the risk that the investment adviser no longer meets the employment conditions and needs to be changed. Please read the special risk disclosure carefully to confirm that you understand the characteristics of the product. 5. If the product you purchase is an index fund and the product passively tracks the underlying index, you need to bear the specific risks of indexed investment, including the risk of deviation between the return of the underlying index and the average return of the stock market, the risk of fluctuation of the underlying index, the risk of deviation between the return of the fund portfolio and the return of the underlying index, the risk of change of the underlying index, etc. If the index fund you purchase is an index-enhanced fund, the fund can implement an index-enhanced investment strategy, that is, optimize and adjust on the basis of passively tracking the index, in order to obtain investment returns that exceed the index, but there is still some uncertainty about the results of the implementation of the index enhancement strategy, and its investment return may be higher than the index yield but may also be lower than the index yield. If the product you purchase is a transactional open-ended index fund, in addition to the specific risks of the above-mentioned index fund, you may also face the risk of discount premium on the secondary market trading price of fund shares, the risk of incorrectly calculating the reference net value (IOPV) of fund shares, the risk of fund delisting, the risk of investor application and redemption failure, the risk of realisation of the consideration for the redemption of fund shares, the risk of third-party service institutions, etc. Please read the "Risk Disclosure" section of the fund prospectus carefully to confirm that you understand the specific risks of indexed investment. 6. If the products you purchase invest in overseas securities, in addition to the general investment risks such as market fluctuation risks similar to those of domestic securities investment funds, the fund also faces special investment risks faced by overseas securities market investments such as exchange rate risks. If you purchase a product that invests in stocks in the Hong Kong market through the Mainland-Hong Kong Stock Connect ("Stock Connect Mechanism"), you will also face unique risks arising from differences in the investment environment, investment targets, market systems and trading rules under the Stock Connect mechanism, including the risk of large fluctuations in the stock price of the Hong Kong stock market (the Hong Kong stock market implements T+0 rotation trading and there is no limit on the rise or fall of individual stocks, which may aggravate stock price fluctuations), the risk that may be brought about by the inconsistency of trading days under the Hong Kong Stock Connect mechanism (when the Mainland market opens and Hong Kong is closed, Hong Kong Stock Connect cannot be traded normally, and Hong Kong stocks cannot be sold in time, which may bring certain liquidity risks) and so on. Please carefully read the "Risk Disclosure" section of the fund prospectus to confirm that you understand the specific risks of investing in overseas securities markets. 7. If the product you purchase is operated in a regular open manner, or converted to open-ended operation after a period of closed operation, or the fund contract stipulates the minimum holding period of fund shares, and is not listed for trading during the closed period or minimum holding period, you will face liquidity constraints due to the inability to redeem, convert or sell fund shares during the closed period or minimum holding period. Please carefully read the "Application and Redemption of Fund Shares" and "Risk Disclosure" sections of the prospectus to confirm that you understand the liquidity constraints caused by the operation mode of the fund. 8. If the product you purchased stipulates the automatic termination clause of the fund contract, if the number of fund quota holders is less than 200 or the net asset value of the fund is less than 50 million yuan for several consecutive working days, the fund manager shall terminate the fund contract, and there is no need to convene a large number of fund quota holders, you may face the risk of automatic termination of the fund contract after purchasing the fund. Please read the "Risk Disclosure" section of the prospectus carefully to confirm that you understand the specific risks of automatic termination of the fund contract. 9. If the product you purchase stipulates the suspension clause of the fund operation, that is, when the situation stipulated in the fund contract occurs, the fund manager may decide to suspend the operation of the fund, and during the period of the suspension of the operation of the fund, upon consensus between the fund manager and the fund custodian, it may decide to terminate the fund contract, report it to the China Securities Regulatory Commission for the record and announce it, without convening a general meeting of fund quota holders. After you purchase the fund, you may face the risk that the fund will be suspended until the fund contract is terminated. Please read the "Commencement of Fund Contract" and "Risk Disclosure" sections of the prospectus carefully to confirm that you understand the specific risks of the suspension of the operation of the fund. 10. If the product you purchase is an origination fund, the fund contract will be automatically terminated if the net asset value of the fund is less than $200 million on the three-year corresponding date of the effective date of the fund contract, so you may face the risk of automatic termination of the fund contract after purchasing the fund. Initiation fund refers to the fund manager's use of the company's shareholders' funds, the company's inherent funds, the company's senior management personnel or fund managers to subscribe for the fund amount of not less than RMB 10 million, and the holding period is not less than three years. Please carefully read the "Effectiveness of Fund Contract" and "Risk Disclosure" sections of the prospectus to confirm that you understand the specific risks of automatic termination of the fund contract. 5. The fund manager undertakes to manage and use the fund assets in good faith, diligence and responsibility, but does not guarantee that the fund will be profitable, nor does it guarantee the minimum return. The past performance of the Fund and its net value are not indicative of its future performance, and the performance of other funds managed by the Manager does not constitute a guarantee of the performance of the Fund. The fund manager, Penghua Fund Management Co., Ltd., and the relevant sales agencies of the Fund remind you of the principle of "buyer's own responsibility" in fund investment, and after making investment decisions, you shall bear the investment risks caused by changes in the operation status of the fund and the net value of the fund. Fund managers, fund custodians, fund sales institutions and related institutions do not make any promises or guarantees for the investment income of funds. 6. The Fund shall be applied for by the fund manager in accordance with relevant laws, regulations and agreements, and shall be licensed and registered by the China Securities Regulatory Commission (hereinafter referred to as "CSRC"). The Fund Contract, Fund Prospectus and Fund Product Information Summary of the Fund have been publicly disclosed through the CSRC's Fund Electronic Disclosure Website (http://eid.csrc.gov.cn/fund) and Fund Manager Website (www.phfund.com). The registration of the Fund by the CSRC does not indicate that it has made a substantive judgment or guarantee on the investment value, market prospects and returns of the Fund, nor does it indicate that there is no risk in investing in the Fund.