On May 30, the first batch of 3 China Securities Guoxin Central Enterprise Technology Leadership Index ETFs were approved, including E-Fangda China Securities Guoxin Central Enterprise Technology Leadership Index ETF, Yinhua China Securities Guoxin Central Enterprise Technology Leadership Index ETF, and Southern China Securities New Central Enterprise Technology Leadership Index ETF.
A series of central enterprise ETFs continues to be launched
According to information, on March 14, nine leading fund companies reported central enterprise-themed ETFs. The nine central enterprise-themed ETFs mainly track three major indices, including the China Securities Guoxin Central Enterprise Shareholder Return Index, the China Securities Guoxin Central Enterprise Technology Leadership Index, and the China Securities Guoxin Central Enterprise Modern Energy Index.
Among them, Yi Fangda, Nanfang, and Yinhua reported the China Securities Guoxin Central Enterprise Technology Leading ETF; Huitianfu, Guangfa, and China Merchants reported the China Securities Guoxin Central Enterprise Shareholder Return ETF; and Harvest, Bosch, and ICBC Credit Suisse reported the China Securities and New Central Enterprise Modern Energy ETF.
Currently, three central enterprise shareholder return ETFs were launched on May 15. It took less than 5 days to reach the maximum scale limit of 2 billion yuan, and proportional placement was initiated.
According to reports, the China Securities Guoxin Central Enterprise Shareholder Return Index mainly selects 50 central enterprise listed company securities with a high ratio of cash dividends or repurchase amounts to total market value under the State Council's State-owned Assets Administration Commission as an index sample to reflect the overall performance of securities of listed companies of central enterprises that actively paid dividends or repurchased.
The first batch of 3 CSIC and Guoxin Central Enterprise Technology Leadership Index ETFs was approved on May 30.
The application materials for the China Securities Guoxin Central Enterprise Modern Energy ETF reported by Bosch Fund, Harvest Fund, and ICBC Credit Suisse Fund were accepted by the Securities Regulatory Commission on March 14.
According to reports, the China Securities Guoxin Central Enterprise Modern Energy Index mainly selects securities of 50 listed central enterprises whose business involves modern energy industries such as green energy, fossil energy, and energy distribution under the State Council's State-owned Assets Administration Commission as index samples to reflect the overall performance of securities of listed companies of central enterprises in the energy sector.
Three central enterprise technology companies lead ETFs to anchor “technology leadership”
According to information, the index tracked by these three central enterprise ETF products is the China Securities Guoxin Central Enterprise Technology Leading Index. The index is customized by Guoxin Investment Co., Ltd., and mainly selects securities of 50 listed companies whose business involves aerospace and defense, computers, electronics, semiconductors, communication equipment and technology services under the State Council's State-owned Assets Administration Commission as index samples to reflect the overall performance of securities of listed companies with a central enterprise technology theme.
Unlike the other two major central enterprise indices, the China Securities and Guoxin Central Enterprise Technology Leadership Index focuses on investing in national defense and military industries, electronics, and computers, and has a more obvious “hard technology” color.Among them, the investment share of 37.08% and the weight of the aerospace and defense industry, the electronics industry, and the computer industry were all 21.04%.
Judging from the top ten heavy-duty stocks in the index, they include not only information technology leaders such as Hikvision and Zhenhua Technology, but also leading aerospace and defense stocks such as Aviation Engine and AVIC Optoelectronics, as well as semiconductor and computer industry leaders such as SMIC and HKUST iFLY. The total weight is as high as 53.78%, and the concentration is high.
As reflected in the trend of the three major central enterprise indices, it can also be seen that the long-term performance of the Central Enterprise Technology Leading Index is due to the other two major indices. As of May 30, the annual increase of the Central Enterprise Technology Leading Index was 5%
What do you think of the “China Special Assessment” market
Following the “China Special Appraisal” market carnival brought about by the last wave of Ping An in China, the sector has continued to be sluggish for almost a month. In the past two days, capital began to stupidly attack the “China Special Evaluation” sector.
China CRRC hit a high and a halt yesterday. The day before yesterday, Sinopec once surged 8% intraday, but in the current market environment where there is still no trillion-dollar stock game, there is no support for the continued strengthening of “Elephant Dance”. Standing at the moment, the “China Special Evaluation” sector is undoubtedly still on the left side of the market.
However, under the new assessment standards for central enterprises, it is true that there is a rationality for valuation revaluation itself, and under the new wave of the digital economy and the strong logic of domestic substitution, core central enterprises bear a heavy responsibility. Therefore, “medium special valuation” still has investment value. If it bets on a certain industry or individual stock, the risk is greater, and the relevant ETFs of leading central enterprises covering multiple industries themselves are more advantageous.
Currently, in addition to newly launched ETF products, there are also quite a few “veterans” of state-owned enterprises on the market. Compared with the new ETF products themselves, old ETF products are more flexible in the use of capital.
