The gem index is one of the core broad base indexes of A-share market, and it is also the representative index of growth style. The heat of recent growth style has soared, the gem index has been widely concerned by the market, the "new refinancing rules" is more positive, the index stage and long-term allocation value are more significant. It is suggested that investors who pay attention to gem and growth style investment opportunities should be allocated actively. Yifangda gem ETF is the first gem index fund in the market, with the first stable scale and significant liquidity advantage, and is the preferred target for the allocation of gem index.
The gem index is the growth style representative index, which is composed of the most representative stocks of 100 companies listed on the gem, which comprehensively reflects the operation of the gem.
The recent "new rules on refinancing" is good for small and medium-sized entrepreneurs to flexibly use refinancing to support innovative business development, and gem to meet the development opportunities.
Since mid-2019, the market style has gradually changed from value style to growth style. At present, there is still plenty of room for the valuation of the gem index from the peak of the last round of bull market, the growth market has not yet reached the "diffusion" stage, and the allocation ratio of public funds to the gem is far from reaching the historical high, combined with the upstream cycle of science and technology. with the benefits brought by the application and promotion of new technologies in the future, this round of growth market is still expected in the future.
The gem index brings together individual stocks of growth style in various industries, with a more balanced distribution of industries, with a large number of individual stocks and a large weight in the pharmaceutical, computer, electronics and media industries. Constituent stocks take into account both growth leaders and growth newcomers, and fully benefit from the performance growth and valuation improvement of individual stocks at all growth stages; compared with the CSI 300 Index, CSI 500 Index and small and medium-sized Board constituent stocks, the proportion of R & D investment and net profit are higher than the same period last year, showing a stronger growth style.
From the perspective of phased allocation value: in the growth style market stage, the gem index leads the broad base index of other growth styles, and even exceeds the average return of actively managed stock funds. From the perspective of long-term allocation value: since 2015, the excess return of the gem index compared with the gem 50 index has reached 16.5%, and the risk index Sharpe ratio and the maximum pullback are better. Gem index is very suitable for fixed bidding because of its large fluctuation and flexibility.
Although the international community continues to pay attention to the COVID-19 virus epidemic, northward Capital has still increased its holdings of 2/3 gem index stocks since the opening of the market, reflecting full confidence in related industries and enterprises.
Yifangda gem ETF, founded in 2011, is the first gem index fund in the market and ranks first in scale. By the end of the fourth quarter of 2019, the ETF management scale of Yifangda gem and the trading volume in the fourth quarter accounted for 74% and 86% of the total ETF management scale of the gem index of the whole market, respectively, accounting for most of the country. Among the 11 gem index ETF that have lasted for more than one year, Yi Fangda gem ETF ranked second in tracking error in the past year, demonstrating the excellent index management ability of fund managers and teams.
Yi Fangda Fund is one of the earliest fund management companies to carry out index investment in China. with its excellent management ability, the index and quantitative investment team has won four Taurus trophies, and the ability of index management and product innovation have been widely recognized by the market. Yi Fangda also systematically and completely developed the index investment management platform, which provides a solid guarantee for the safe, efficient and low-cost operation of index products.