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The First Batch Of Scientific Innovation 50ETF Competition On The Same Platform

2020/11/13 12:49:00 0

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On November 16, the first batch of four Kechuang 50etfs of Huaxia, e-fund, Huatai berui and ICBC Credit Suisse will be officially listed for trading.

Looking back on the issuance of four Kechuang 50etfs, it was like a whirlwind of Kechuang 50etfs at that time. The four funds were sold out in one day, with a total subscription scale of nearly 100 billion yuan, and a proportional placement was launched.

After nearly two months, the first batch of Kechuang 50ETF is about to be listed and traded, opening the curtain of index investment in the secondary market of science and technology innovation board.

At the same time, a question is put on the table. In the face of the four Kechuang 50etfs, what is the performance of these two months? Should investors make a move? How to sell? Which fund should they choose?

Agency response ready

"Kechuang ETF will be able to apply for purchase, redemption and trading after it is listed. Therefore, in order to enable investors to invest smoothly, ICBC Credit Suisse has also made corresponding preparations in terms of investment operation and liquidity support. At present, all work is ready." Zhao Xu, fund manager of ICBC scientific innovation ETF (588050), said in response to the 21st century economic report.

Kechuang 50ETF fund will open its daily subscription and redemption business from November 16, and will be listed on Shanghai Stock Exchange from the same day.

Taking the 50ETF of the Shanghai Science and Technology Innovation Board of ICBC as an example, the investors who participate in the daily subscription of the fund need to submit the application according to the integral multiple of the minimum subscription unit. At present, the minimum subscription unit is 2 million fund units. When an investor applies for and redeems fund units, the agent broker may charge a commission of no more than 0.5%.

In addition, the four Kechuang 50etfs all converted the fund shares on November 9 as the fund share conversion date.

For example, the closing value of Kechuang 50 index on November 9 was 1485.15 points, and the net asset value of the fund was 5.426 billion yuan. The total number of fund units before conversion was 5.243 billion, and the net value of fund units before conversion was 1.0349 yuan. According to the formula of fund share conversion, the conversion ratio of the fund share is 0.6968, the total amount of fund unit after conversion is 3.653 billion, and the net value of fund unit after conversion is 1.4852 yuan.

Due to the same tracking target, the net value of each fund after conversion is basically the same. After the conversion, the net value of the fund was RMB 481.481.52yuan, respectively.

Dialogue operator: the charm of Kechuang 50ETF

For investors, as the ETF tracking the only index "Kechuang 50 index" of the current science and technology innovation board, if they want to invest in the science and technology innovation 50 index, the first four scientific innovation 50 ETFs are the best choice.

The Kechuang 50 index is composed of 50 stocks with the largest market value and the best liquidity among the listed enterprises on the science and technology innovation board. At present, the constituent stocks include Jinshan office, LanChi technology and many other leading scientific and technological innovation enterprises, with the characteristics of large market value and high trading activity.

However, although the constituent stocks of Kechuang 50 index only account for 26% of the total number of stocks in Kechuang board, they contribute 52% of the net profit of Kechuang board.

Since its 50 years of focus on science and technology, it has benefited from the market innovation cycle. From the fundamental point of view, the performance of the science and technology innovation board has been continuously improved. As the core asset of the science and technology innovation board, the investment value of the 50 index of the science and technology innovation board has been better reflected. Looking forward to the future, the theme of the science and technology cycle is still an important development direction of the market, and the status of the core assets of the science and technology innovation board 50 index will not change, and it is still an excellent target for investors to participate in the investment of science and Technology Innovation Board. "

The 50ETF (588000) fund manager of China Shanghai Stock Exchange science and technology innovation board was awarded the view that the current domestic economic recovery has strong endogenous momentum. As a new engine of economic growth, the science and technology innovation board is expected to continue to exceed expectations in the fourth quarter. The science and technology innovation 50 index represents the core high-quality assets of the science and technology innovation board and is a better index tool for investing in the science and technology innovation board.

The first batch of investors who have participated in the stock market for more than 502 years, including Kechuang stock market with more than 500000 years of experience in stock market tracking. When investing in Kechuang 50ETF, investors are equivalent to buying 50 leading stocks on the science and technology innovation board with one click. For example, if the first-hand price is about 100 yuan, Kechuang 50ETF can be traded as easily as stocks.

"In the long run, the science and technology innovation board market will gradually become bigger and stronger, and will also lead the new development of China's science and technology cycle. Science and technology innovation ETF is one of the most effective ways to invest in core assets in this field, constantly improving the customer structure, so that investors can share the investment value of China's science and technology cycle." Zhao said.

Liu Jun, fund manager of Huatai Bairui science and technology innovation board, said, "four science and technology innovation 50 ETFs are rare ETF products in the current market that focus on investment in high-tech industries and strategic emerging industries. Whether investors adopt the strategies of short-term band trading, style rotation, long-term holding and sharing of dividends in the field of scientific and technological innovation, or asset allocation as a kind of subdivided assets, the ETF of science and technology innovation board has a position The characteristics of transparency, clear style and strong liquidity determine that it is a very suitable investment tool, and its value will enter into the vision of more investors. Therefore, I believe that these four products will achieve better development in the future. "

Zhao Xu further introduced that the investors of Kechuang ETF include institutional investors and individual investors, mainly individual investors. From the perspective of investment value, the science and technology cycle is the main development direction in the medium and long term. The science and Technology Innovation Board focuses on this field and has good investment value. Scientific and technological innovation ETF is the representative of the core assets of the science and technology innovation board. It is a rare product and a good tool. Therefore, whether in terms of investment or allocation value, scientific innovation ETF can meet the needs of institutional investors and individual investors.

Four funds compete on the same platform

On September 28, four Kechuang 50etfs were established, nearly two months ago. Over the same period, the growth of the Kechuang 50ETF index they tracked was 3.61%. As passive index funds, how about the scale and performance of the four Kechuang 50etfs?

According to public data, the best performance is Huatai Bairui Shanghai Stock Exchange Technology Innovation Board 50ETF, with a revenue of 3.71% and a scale of 5.703 billion yuan since its establishment. Closely followed by the industrial and Commercial Bank of China (ICBC) Shanghai Stock Exchange science and technology innovation board 50ETF, with an income of 3.50% and a scale of 5.426 billion yuan since its establishment. In the third place is the China Shanghai Stock Exchange Technology Innovation Board 50ETF, with an income of 3.15% and a scale of 5.284 billion yuan.

However, among the four Kechuang 50etfs, only e-fund has achieved negative returns of - 1.95% since its establishment, with a scale of 5.313 billion yuan.

As far as ETF is concerned, it is more important for investors to track the liquidity index.

According to the statistics of 21st century economic report reporters, the Kechuang 50 index rose by 3.61% in the same period. Judging from the income of tracking the Kechuang 50 Index in the past two months, the two funds, Huatai Bairui, 3.71% of the Shanghai Science and Technology Innovation Board of Shanghai Stock Exchange, and 3.50% of the 50 ETF of the industrial and Commercial Bank of China.

"Since the establishment of the four funds, basically all of them have shown a return of about 3%, and only e fund Kechuang 50 fund has shown a downward trend, which may be related to the size of the position during the building period. As these four funds are passively tracking the science and technology innovation 50 index, therefore, after the completion of the warehouse building period, there will be no difference in earnings, and there may be a small tracking error. " Zhang Ting, chief strategist of Ge Shang financial management, said.

In this regard, Yang Delong, chief economist of Qianhai open source fund, believes: "if investors want to choose four scientific innovation 50etfs, there is no big difference."

So, is it a good time to invest in Kechuang 50ETF?

Zhang Ting believes that since the middle of July 2020, the science and technology innovation board 50 has dropped from a high level, with a maximum withdrawal of more than 25%, showing a volatile situation. The main industries of the science and technology innovation board 50 index are information technology, health care, materials and industry, mainly science and technology growth enterprises. According to the suggestions of the 14th five year plan, innovation will be the core development direction in the future, and science and technology, medicine, consumption and new energy will be the main track of development in the next 5-10 years.

"If investors hold it for a long time, they can choose the Kechuang 50 Index Fund; but if they hold it for a short time, the expected rate of return in the next year will be lower than this year." Zhang Ting said.

"In the medium and long term, it is undoubtedly one of the best investment choices in the world to invest in the listed companies on the scientific and technological innovation board, which will become the main theme of the times in the future, at the present time point." Liu Jun said.

After listing and trading, will Kechuang 50ETF trigger the pursuit of funds again?

"Judging from the issuance of the four products, the enthusiasm of investors in subscribing to the ETF of the science and technology innovation board is very high. Finally, they also adopted the method of proportional placement, and many investors failed to fully confirm their subscription shares. After a large number of investor education and roadshows before the issuance, many investors have realized the importance of investing in scientific and technological innovation. The ETF of the science and technology innovation board has also lowered the threshold for investors to participate in the science and technology innovation board. Therefore, we believe that after listing, some investors will be attracted to buy. " Liu Jun said.

In view of the high valuation of science and technology stocks at present, Rong Ying emphasizes that for the science and technology innovation board, the short-term valuation is not the core contradiction, but the medium and long-term growth, track and space are the key. Many technology enterprises have the characteristics of nonlinear growth and accelerating rising cycle. Valuation can be digested quickly with the outbreak of profits.

"Kechuang ETF tracks the core index of the science and technology innovation board, which is the core asset selected from the best of the whole sector, and its allocation value deserves attention and attention. Under the background of the gradual landing of overseas risk events and the effective control of new epidemic situation in China, the overall risk preference of the market is expected to be improved, and the continuous improvement of fundamentals will further enhance the allocation value of scientific innovation ETF. " Zhao said.

According to the characteristics of large fluctuation of Kechuang 50 index, Rongrong suggests that investors invest in Kechuang 50 in batches or fixed investment. The essence is to obtain chips at a relatively average cost when the market fluctuates. Once the market starts to rebound, they can obtain profits. The optimization of investment mode can smooth the fluctuation to a certain extent, and at the same time, it will not miss the long-term investment opportunities of Kechuang 50 index.

For the 50 ETF of the science and technology innovation board, fund managers also adopt a more robust strategy to build positions according to the liquidity characteristics of the board.

Zhao Xu said that in the warehouse building period, in view of the liquidity and other characteristics of the constituent stocks of the Kechuang 50 index, and according to the actual situation of the portfolio, Kechuang ETF adopted a relatively stable strategy to build positions. Although the index fluctuated to a certain extent, the net value fluctuation during the warehouse building process was still well controlled.

After 50 years of operation, the fund will strictly track the risk of the fund's investment in accordance with the standard index and the daily average value of the fund.

 

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