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Another blockbuster incremental fund is coming!
On October 18, a reporter from the China Securities Journal learned from the industry that 10 CSI A500ETF feeder funds, 11 CSI A500 index funds and 4 CSI A500 index enhanced funds were approved.
In the future, with the issuance of CSI A500 OTC funds, the market will usher in the inflow of "reinforcement" funds.
More than 20 over-the-counter funds were approved on the same day
On October 18, a reporter from the China Securities Journal learned from the industry that four days after the first batch of 10 CSI A500ETF were listed, the China Southern Fund, Wells Fargo Fund, Guotai Fund, Huatai Barry Fund, Harvest Fund, Invesco Great Wall Fund, JPMorgan Asset Management, China Southern Fund, Taikang Fund, Yinhua Fund, and China Merchants Fund reported the China Securities A500ETF Feeder Fund approved.
On the same day, among the 12 over-the-counter CSI A500 index funds and 23 CSI A500 index enhanced funds previously reported, 11 CSI A500 index funds and 4 CSI A500 index enhanced funds were approved.
Specifically, the 11 fund managers approved for the CSI A500 index fund are E Fund Fund, China Asset Management, GF Fund, ICBC Credit Suisse Fund, Bosera Fund, China Europe Fund, Dacheng Fund, Huaan Fund, China Universal Fund, Tianhong Fund and Wanjia Fund. The four fund managers approved for the CSI A500 Index Enhanced Fund include China Industrial Securities Global Fund, China Commercial Fund, Guojin Fund and Guotai Junan Asset Management.
Recently, the launch of the CSI A500, a blockbuster core broad-based index, and the reporting and issuance of linked fund products have attracted unprecedented attention in the industry.
On August 27, China Securities Index Company announced that it would officially release the CSI A500 Index;
On September 5, the first batch of 10 CSI A500ETF collectively reported;
On September 6, 10 CSI A500ETF were approved;
On September 10, 10 CSI A500ETF were collectively put on sale;
On September 23, the CSI A500 Index was officially released, and all 10 CSI A500ETF ended their fundraising, and all of them reached the upper limit of the initial fundraising scale of 2 billion yuan, triggering proportional allocation;
On October 15, 10 CSI A500ETF were collectively listed, and since then, the scale of the fund has continued to expand, and as of October 17, the total size of 10 CSI A500ETF has increased significantly from 20 billion at the beginning of the listing to more than 31 billion.
From October 15th to 17th, 12 public offering institutions reported the CSI A500 index fund over-the-counter, and 23 public offering institutions reported the CSI A500 index enhanced fund;
On October 18, 10 CSI A500ETF Feeder Funds, 11 CSI A500 Index Funds, and 4 CSI A500 Index Enhanced Funds were officially approved.
Source: Exchange website
The CSI A500 Index has outstanding advantages
Recently, the reporting and issuance of CSI A500 index-related funds is undoubtedly one of the focus of the market.
Since the beginning of this year, a large amount of funds have flowed into broad-based ETFs, bringing important incremental funds to the market. Pang Yaping, General Manager of the Index Research Department of E Fund, said that in recent years, domestic index investment has developed rapidly, which has played an important role in attracting medium and long-term funds, stabilizing the capital market, and serving the development of the real economy. As the long-term investment concept continues to gain popularity, broad-based index products with good long-term allocation attributes continue to be favored by investors.
The CSI A500 Index was officially launched on September 23 this year, using the industry balanced sampling method, and selecting 500 securities with large market capitalization from various industries as index samples. According to the relevant person of the index investment department of GF Fund, the compilation method of CSI A500 Index combines screening conditions such as interconnection and ESG, and focuses more on A-share core assets that are in line with the development direction of new quality productivity. From the perspective of industry distribution, emerging industries account for a relatively large proportion, especially in electronics, computers, national defense and military industry, media and other technology or strategic fields of constituent stocks.
Compared with other broad-based indexes, China Southern Asset Management believes that the CSI A500 Index has obvious advantages. First, the CSI A500 Index is more dynamic, and the index focuses more on the layout of new quality productivity industries such as new energy, innovative drugs, commercial aerospace, domestic large aircraft, and low-altitude economy in mainland China. Second, in terms of dividends, the CSI A500 Index has better dividend attributes, and the proportion of constituent stocks with future dividend plans is higher, which is more in line with the mainstream trend of the current market attaching importance to dividends. Third, in terms of market capitalization selection, the CSI A500 Index is more suitable for investors seeking long-term investment and balanced industry allocation in the A-share market.
As a blockbuster index product launched in the process of this round of market reversal, China Europe Fund said that the CSI A500 Index is compiled to take into account core assets and industry leaders, and is expected to better track the development trend of this round of A-shares.
Attract medium and long-term capital into the market
Recently, heavy favorable policies have been continuously introduced, and multiple measures have been taken to guide medium and long-term funds into the market.
Zhu Henghong, fund manager of China Securities A500ETF South, said that in the future, as the PPI continues to narrow, the net profit of A-share companies is expected to continue to rise, and the current valuation is at a low level, and the overall investment cost performance is high. At present, the valuation of A-shares is at a low position in the world, and more funds are expected to deploy in the A-share market through broad-based ETFs in the future, and the CSI A500 Index may become a new representative of the core broad-based index of A-shares, which has attracted wide attention from domestic and foreign investors.
J.P. Morgan Asset Management believes that standing at the new starting point of A-shares, in addition to direct investment in ETF products on the exchange, for OTC investors, ETF feeder funds can invest indirectly without opening a stock account. The CSI A500ETF Feeder Fund will help investors to deploy the A-share market in a more convenient way and share the dividends of China's economic development.
Yang Kun, fund manager of Wanjia Fund, said that on the whole, the CSI A500 Index organically combines the dual concepts of "core assets" and "new quality productivity", and has performed well in the long run, providing investors with a broad-based index with high investment value, enabling them to participate in various industries of China's economic development and share the fruits of high-quality economic development.
Looking ahead, with the world's major economies entering the easing cycle and a series of domestic policies to boost the economy intensively introduced, the current market environment may have seen inflection point changes.
Zhang Chaoliang, fund manager of Harvest CSI A500ETF, believes that the stock market has recently experienced a general rise under a package of policies to promote high-quality economic development, and is now entering a stage of structural differentiation and consolidation. The valuation of the CSI A500 Index is in a reasonable range, and the CSI A500ETF and related index funds are the long-term investment choices to help investors balance the distribution of A-share core assets.