21st Century Economic Herald Reporter Li Yu interns Weng Lihua Shenzhen Report
On November 13, another head quantified to the battle.The latest information released on the official website of the China Securities Investment Fund Industry Association shows that the 10 billion quantitative private equity Zhicheng Zhuoyuan successfully filed the CSI A500 Index to enhance the strategic product on November 12, that is, the Zhiyuan CSI A500 Index enhanced the private equity securities investment fund, the custodian as the person as the custodian as the person as the custodian, the custodian as the person as the custodian as the person, and the custodian as the person as the custodian..
As the first core broad -foundation index released after the new "National Nine Articles", the CSI A500 index became a "explosion" as soon as it was born.Layout, the scale of related index funds has rapidly exceeded the 100 billion yuan mark.
The data released on November 12 showed that with the continuous gold absorption of the first batch of CSI A500ETF and the successful establishment of the second batch of CSI A500ETF, the overlay outside funds have been established.The fund size of the CSI A500 Index has exceeded 160 billion yuan.
The 21st Century Business Herald reporter learned that as of now, Fuanda Fund, , Hongde Fund and many other public offeringsRelated products.In terms of quantitative private equity, Shanghai Pan Song, Hei -wing Assets, Maoyuan Quantitative and other related products have been announced.
As a new era wide -base benchmark in A shares, Kangle, general manager of Jingshun Great Wall Fund, said that CSI A500ETF will provide new tools for investors in domestic and foreign investorsIt also supports high -quality enterprises in various industries through index investment to better serve the real economy and national strategy.InveSco, a foreign shareholder of the Great Wall Fund, also looked forward to the new broad -foundation. The CEO of Jingshun Group Asia Pacific is optimistic about the future development space of Chinas ETF, and will support Jingshun Great Wall to continue to provide domestic and foreign investors withHigh -quality tools and services.
"The CSI A500 Index is expected to become the potential index of this year, and it is expected to become an important tool for the global long -term capital allocation of Chinese core assets."Relevant persons in wing assets believe that the industry distribution, more comprehensive, more balanced, and more representative of the CSI A500 Indexs ingredient stocks, and higher new productivity content, can better reflect the future development trend of the Chinese economy.
At the same time, a large number of CSI A500 series products have entered the market, and the homogeneity of products has attracted much attention.Li Yiming, a senior analyst at the Morning Star (China) Fund Research Center, believes that from the perspective of product level, different products including ETF Fund, ordinary index funds, and index enhanced funds are different.It is not a direct competitive relationship.In addition, from the perspective of fund companies, large fund companies may have certain advantages in terms of investment research teams, brands and channels relative to small and medium -sized fund companies.
Public Funding Fighting
On November 13, multiple CSI A500 Index Fund announced its establishment.
Among them, the establishment scale of the Southern China CSI A500ETF is 5.661 billion yuan, the Castle A500ETF connection scale is 502 billion yuan, and the establishment scale of the Wanjia CSI index is about 3.109 billion yuan.Huatai Berry CSI A500ETF was connected to 2.182 billion yuan, the establishment scale of the Dacheng CSI A500 Index was 2.128 billion yuan, and the establishment of the Huaan CSI A500 index was 2.06 billion yuan.
On October 25, the first batch of 20 CSI A500 Outer Index Fund was launched.According to the fund offering announcement, November 8th is the final offer period. The channel news shows that only 4 days were raised, and many funds announced that they would make early fundraising.
As of now, the first batch of 20 CSI A500 Outer Index Fund has been established with a raising scale of over 76 billion yuan.
As the first batch of CSI A500 off -site index funds was issued, the second batch of SPIC A500ETF has also begun to be announced.
On November 5th, 11 public offering agencies, including Yifangda Fund, Huaxia Fund, Penghua Fund, Boshi Fund, ICBC Credit Fund, started and issuedA500ETF will be available on November 7.
Public information shows that the second batch of CSI A500ETF all set up an upper limit of issuance of 2 billion yuan.On November 13th, the Yifangda Fund Management Co., Ltd. issued the Announcement of Effective Announcement of the Emperor CSI A500 Trading Index Investment Fund Fund.This is also the second batch of CSI A500ETF, which was established after the relay Huaxia and Guangfa.
In addition, small and medium -sized public offerings such as Fanta Fund, Huian Fund, and Hongde Fund all reported to the CSI A500 Index related products.
Private equity entry
Public equity A500ETF is launched, and quantitative private equity is also actively deploying the CSI A500 index.
It is reported that the head quantitative private equity Hei -wing assets will be recently issued to the China Securities A500 Index to enhance the fund.There are also Shanghai Pan Song, Maoyuan quantification, Zhicheng Zhuoyuan, etc. announced the layout of related products.
The official website of the China Securities Investment Fund Industry Association shows that the 10 billion -level quantitative private equity Shanghai Pansong Private Equity Fund Management Co., Ltd. established the Panongzhi A500 Index on October 15Securities Investment Fund and completed the record on October 18.
According to a person with Hei -wing assets, the strategy recovery has been completed, and the sample test is being conducted.Market style adaptability.
Hei -wing assets indicate that the characteristic wide -based CSI A500 index mainly focuses on the middle market and is the representative of Chinas core asset index.Layout the CSI A500 Index can help investors more accurately capture investment opportunities for Chinese core assets.
Quantitative refers to the core advantage of the increase in products is to continue to obtain stable Alpha returns.Regarding how to continue to enhance excess acquisition capabilities, Hei -wing assets say that in addition to continuously enriching the strategic system and excess returns, it is more important to do a good job of risk management and strictly control the style and the exposure of the industry."At the level of risk control compliance this year, we have incorporated extreme risks into strategic models, paying more attention to trading risk control and market risk control."
对于公募、私募的纷纷布局，晨星（中国）基金研究中心高级分析师李一鸣表示，和中证A500指数相关的产品主要包括ETF基金、普通指数基金、Index enhanced funds. From the perspective of their product design, ETF Fund and ordinary index funds may be welcomed by investors with preference passive funds, because the investment goals of these two typesThe attributes of active investment may be welcomed by investors who prefer active investment. "Because the pure passive index funds are small because of small differentiation, the market share may eventually focus on large fund companies."
Explosive index
The CSI A500 Index is favored by the institution, which is closely related to its preparation plan and the industry distribution.
It is understood that the CSI A500 Index adopts the preparation of "preferred three -level industry leader+interconnection+ESG evaluation" with "industry balance" as its core.500 securities with large market value and good liquidity are used as index samples to reflect the overall performance of securities in the most representative listed companies in various industries.
According to Wind data, as of October 21, 2024, the top five heavy industries of the CSI A500 are electric equipment (9.5%), electronics (9.4%), food and drinks(8.2%), bank (8.2%), pharmaceutical creatures (7.7%).Compared with the traditional mainstream broad -foundation index, the industry distribution of the CSI A500 Index is more balanced, and there is no more than 10%of the proportion of a single industry, which is more conducive to comprehensively portraying the structural characteristics of the A -share market industry, and dynamically reflect the changes in the A -share market structure.
In addition, the CSI A500 Index still has high growth.According to Wind data, since 2021, the revenue of the CSI A500 Indexs component stock revenue is almost all higher than the CSI 300 and the Shanghai Stock Exchange 50, which reflects stronger revenue capabilities.From the perspective of long -term performance, the SCR A500 Indexs ups and downs and the average annualized yields are higher than that of the CSI 300 and Shanghai Stock Exchange Index during the same period.
Industry insiders said that public offering and private equity institutions grabbing the Beach CSI A500 Index are not only because of its advantages in the preparation plan and industry distribution, but also because of high investment value.
From the perspective of investment, Gong Lili, the proposed fund manager of Jingshun Great Wall CSI A500ET, analyzes the current overall valuation of A shares.A good time window for investment opportunities.On the other hand, the Fed has opened up interest rates, global risk preferences have improved, and global capital liquidity may be improved.At the same time, compared with the stock indexes of major overseas markets, the valuation advantage is also very prominent, and A shares have gradually increased to the attractiveness of funds.
Looking for the market outlook, relevant persons in Heiyi Assets said that they are optimistic about the BETA income and Alpha of the A -share market in the A -share market.Recently, with the intensive launch of a domestic package of positive policies, the market sentiment has significantly heated up, the liquidity has improved significantly, the volume of trading has also rapidly enlarged, and the quantitative multi -headed strategy ushered in a better market environment.In the future, with the further implementation of the policy and the further improvement of the economic fundamentals, the profitability of enterprises will further improve, the investment value of A shares will be further released, and the CSI A500 Index will usher in systemic configuration opportunities.
