The topic that has been most exciting or concerned by investors in recent times is the strong growth of the BSE 50 Index. As of November 26, the Beijing Stock Exchange 50 has been in the past 20 days**3062% this year**498%。In contrast, the CSI 300 has fallen 862%, it can be said that the ** of the Beijing Stock Exchange is "red and purple".
From the perspective of the characteristics of the Beijing Stock Exchange 50 Index, the Beijing Stock Exchange 50 Index selects the 50 stocks with the largest market capitalization and the best liquidity on the Beijing Stock Exchange**, which is about equal to the Beijing Stock Exchange version of the Shanghai Stock Exchange 50.
Of course, the difference is that most of the companies listed on the Shanghai Stock Exchange are large companies, while those listed on the Beijing Stock Exchange are usually small and micro enterprises. According to statistics, there are 231 companies on the Beijing Stock Exchange, of which nearly 200 companies have a market value of less than 2 billion. The BSE 50 is a true small-cap index.
From the perspective of industry distribution, the Beijing Stock Exchange 50 Index machinery, chemicals, nonferrous metals, electronics and pharmaceuticals account for a relatively large proportion. Among the constituent stocks, the proportion of specialized and new "little giants" is relatively high, reaching about 50%, and the quality of these companies themselves are very imaginative growth stocks.
To sum up, two growth logics of the BSE 50 Index emerge:
On the one hand, there is the logic of small and micro cap stocks, and the current selection of ** targets is not abundant, and the liquidity is relatively low before this month. In this way, these micro-caps**, which were previously relatively low valuations, have the opportunity to be spotted by investors. a**The smaller the market capitalization, the better the stock performance;The larger the market capitalization, the worse the performance. The madness of the Beijing Stock Exchange is not only an artificial guidance, but also the last extension of the main board ticket style.
On the other hand, the growth logic of the industry, the "little giant" is the most popular investment theme in the current market, these companies have full growth potential, and they are subject to policy care, and the logical chain of obtaining market attention is very clear.
Since as an ordinary investor, there is a certain threshold (500,000 yuan) required to invest in the Beijing Stock Exchange 50 Index, so many people think that they can start by tracking the ** of the Beijing Stock Exchange 50 Index, and relatively speaking, there is no threshold restriction on personal assets.
Looking at the fee rate first, the goal of the index** is to replicate the performance of the index, not to seek to achieve excess returns relative to the index (except for index enhanced**). So when we buy an index, the fee is particularly important, and under the same conditions (tracking the same index underlying), the lower the fee, the better.
Secondly, look at the tracking error, when choosing the index, we should look for the index with the smallest tracking error, the smaller the tracking error of the index, the more accurate the tracking is.
Look at the scale again, try not to choose too small or too large **, the smaller the scale, the more susceptible to the impact of large redemptions, too large is easy to affect the tracking error. If the long-term scale of the index is less than 50 million yuan, there may be a certain risk of liquidation.