According to a report from Cai Lian She on November 29 (Reporter: Zhou Xiaoya), after more than ten years, multiple sse 180 etfs have been successively approved, marking an expansion for sse 180 etf.

On November 29, six fund managers including Huatai-Pb Fund, Southern Fund, Penghua Fund, Ping An Fund, Tianhong Fund, and Industrial Fund officially approved the sse 180 etf recently filed. Earlier, the Yinhua sse 180 etf was also approved. This is the first product approved after the sse 180 index officially announced its revision plan.

On the same day, Yifangda began issuing the sse 180 etf, with a fundraising deadline of December 6 and a fundraising period of six trading days. From the related announcement of Yifangda's sse 180 etf, it was noted that even before the sse 180 index officially announced the optimization plan, the product had already obtained approval.

Industry insiders believe that the highlights of the sse 180 index are large market cap, good representativeness, low valuation, high dividends, and stable historical performance. The adjusted index better reflects the development direction of the new productive forces. The sse 180 etf provides investors with an excellent investment tool for allocating quality large cap blue chips, deserving close attention from investors.

The sse 180 etf has been approved.

Looking back at the approval process of this sse 180 etf, it took only about a week at the shortest.

Previously, the official website of the China Securities Regulatory Commission showed that the sse 180 etf products under six companies including Huatai-Pb Fund, Southern Fund, Penghua Fund, Industrial Fund, Ping An Fund, and Tianhong Fund were reported to have their materials received by the CSRC on November 21.

These six products were also the first batch reported after the sse 180 index officially announced its optimization plan on November 14. Among the six products approved this time, Industrial Bank is the first bank-based fund company to be approved for this index etf.

The reporting time for the sse 180etf under Yinhua Fund was even earlier, showing "materials received" on November 13 and "acceptance notification" on November 19. This fund had been approved earlier.

The E Fund sse 180etf that started fundraising today showed "materials received" on October 28. The fund's prospectus indicated that fundraising would be conducted based on the China Securities Regulatory Commission's approval document dated November 8. The proposed fund manager for this product is Li Boyang.

Concentrated allocation brought by index revision.

In fact, the recent approval of the sse 180etf products marks over ten years since the last establishment of the sse 180etf. Previously, the only etf tracking the sse 180 index was the Huaxin sse 180etf, established on April 13, 2006, with a scale of 20.389 billion yuan as of November 28.

Behind the recent concentrated allocation, on November 14, the Shanghai Stock Exchange and the Zhongzheng Index Company announced an official statement, stating that they have announced revisions to the sse 180 index compilation plan, which will be officially implemented on December 16, 2024.

According to reports, after the optimization of the sse 180 index plan, the index positioning is clearer, and its representativeness, investability, and stability have all improved, better reflecting the overall performance of core listed companies in the Shanghai market.

Specifically, it is more representative of the Shanghai market, with the index sample covering about 61%, 63%, 76%, and 82% of the market cap, revenue, dividends, and net income respectively in the Shanghai market, which represents increases of 2.4%, 1.4%, 4.1%, and 4.9% before the revision.

Secondly, it better reflects the development direction of new productive forces, with the weight of industries related to information technology, healthcare, and industrial sectors in the xinjingji increasing by 9.5%, and the weight of the star has increased by 1.8%.

Thirdly, the rules for industry balance in the index are more reasonable, with the distribution of sample weights across industries maintaining consistency with the overall industry characteristics of the shanghai market, better reflecting changes in the structure of capital markets and the upgrade of industries.

Fourthly, the index's return and stability have further improved, with the annualized return over the past decade increasing by about one percentage point and the annualized volatility decreasing by 0.1 percentage points, while the sample turnover rate in the last three years has decreased to about 8%.

The "broad-based index, as a type of index characterized by a wide range and strong market influence, is an important tool for attracting incremental medium- to long-term funds into the market." Ping An Fund believes that laying out the sse 180 index provides investors with convenience to share in the development of core listed companies in the shanghai securities market through broad-based index products, and it also helps enrich the company's etf product line.

What investment opportunities does it bring?

It is reported that the sse 180 index is composed of 180 securities with large market cap and good liquidity in the shanghai market, serving as an important benchmark that fully represents core assets in the shanghai market. The sse 180 index is also the "central" index of the broad-based index system.

At the same time, in terms of derived indices, the sse 180 index corresponds to more than 40 sub-industry, style, and theme indices; in addition, there are many sub-indices of the sse that share the same selection space as the sse 180 index.

Yu Zhanchang, fund manager of the quantitative and derivatives investment department at Penghua Fund, analyzed that the core highlights of the sse 180 index lie in large market cap, good representativeness, low valuation, high dividends, and stable historical performance. This index is the most representative of the overall situation in the shanghai market, besides the sse composite index.

In his view, the adjusted index better reflects the development direction of new productivity, and the difficulty of adjustment is low, making it more representative, while the yield and stability have improved on the original basis.

Looking ahead to 2025, the upward potential of the A-share market is worth looking forward to, especially the opportunity to allocate quality large cap blue chips will continue. Yu Zhanchang believes that the sse 180 etf provides investors with an excellent investment tool for positioning in quality large cap blue chips, which deserves close attention from investors.