** 600 million people
ETFs and OTC indices** are essentially index-tracking products, but in terms of overall fees, ETFs will have lower fees. OTC index products are relatively more abundant, and the selection of targets will be more sufficient. With the rapid development of ETFs, ETFs can now meet the needs of daily investment just like OTC indexes**.
From the perspective of daily operation, the exchange ETF is not only convenient for trading due to the impact of instant trading, but it is also prone to emotional fluctuations and certain premiums due to instant trading. On the other hand, OTC** calculates the net value based on the current day (t, t+1 or t+2)** price, avoiding the emotional impact of intraday fluctuations.
In terms of trading methods, the main focus of the exchange is the minimum fee limit for account transactions (i.eThe minimum handling fee is $5 per transactionif the account does not have one".Free 5If you make a small investment, you will suffer a lot of losses, and the transaction fee will be very high, so you must avoid it.
OTC targets should be based on their own regular investment cycle, because the way of charging for Class A and C shares is different, and choosing the appropriate type can effectively reduce long-term costs. In general, the long-term selection of class A shares;In the short and medium term, choose Class C shares. Particular attention is paid to the redemption time and redemption rate over-the-counter**, and in general, redemptions within 7 days** may pay up to 1A redemption fee of about 5% will really give a big meal to the ** company. Now it is more convenient to buy and sell over-the-counter, and most of the APPs** detail pages have complete rate descriptions, and I hope to read them carefully.
Indexed investment needs to do a good job in overall planning, research index, select targets, allocate **, set rhythms, check rates and a series of basic operations, which is the basis for us to go steady, go far, and go well. Today, 61 continues to farm and share all the over-the-counter low-rate index** targets of A-shares. It's not easy to sort out the data, if you have some help, I hope to like it, share, **
A list of A-share low-fee OTC indices**
1. Broad-based index
At present, most of the broad-based indices in the OTC have low-fee targets. Such as:SSE 50, CSI 300, CSI 500, CSI 800, CSI 1000 and ChiNext IndexThere is also a common lack of SZSE 100, CSI 100, Kechuang 50, CNI 2000, CSI 2000 and other indexes.
In terms of scale, the following targets can meet daily needs:
2. Strategies and other broad basesIn addition to the common core broad-based, there are other broad-based indices on the OTC**, such as those that represent the overall performance of A-sharesMSCI China A-shares；It represents the outstanding sense of innovation and innovation ability in the Greater Bay AreaBay Tron 100；Reflect the most innovative and growing enterprisesShenchuang 100indices, etc.
In addition, there are the two main tracking targets of CSI Dividend that everyone is familiar with: E Fund CSI Dividend OTC Connection and China Merchants CSI Dividend OTC Connection. In terms of scale, E Fund is currently leading, but it has exceeded the "optimal scale" category. The scale of China Merchants CSI Dividend OTC is still too small, and if it can enter the scale of about 200 million, it will obtain a higher excess rate of return. 3. Industry and index indexes
Most of the low-rate targets of the OTC industry index belong to sub-industries, which have not been established long and are small in scale. And some of the indices we care about do not have corresponding low-rate targets, such as: CSI consumption, CSI liquor, etc. Here I have to mention again E Fund, which recently issued a package of low-rate industries**, involving: CSI Medical, Biotechnology, CSI Innovative Drugs, CSI New Energy, Artificial Intelligence, Cloud Computing, Consumer Appliances, Chip Industry and other common sub-industries.
However, at present, most industry indices are small in size and relatively short in existence, so everyone should be prepared to observe first.
Market-wide valuation dashboard
Recently, A-shares have not fluctuated much, but under the influence of the decline in the yield of 10-year Treasury bonds, the A-share Graham Index has passively risen and has now risen to 239, the distance is extremely underestimated (2.).4) Just one step away. At present, 61 has successively sniped the CSI 300, and is expected to complete the set goals this week.
Many friends asked: Why don't you choose the GEM index?The essence of choosing CSI 300 is"Lie flat and broad-based, don't make a choice".Although the ChiNext Index and the STAR 50 are more elastic, their industry characteristics are more obvious. The elasticity of the CSI 300 is lower than that of some other indices, but it is stable, safe, and has wider coverage.
"61" Index** Valuation Table (Issue 0224).
Highlights:
1. China General Internet:Last week, the new game regulations were released, even if it is still a draft for comments, but the impact on the game industry is undoubtedly huge. As a result, the A-share game industry almost fell to the limit, and the H-share Tencent and NetEase fell sharply. Affected by this, Internet indices such as Hang Seng Technology, Hang Seng Internet, and China Concept Internet fell significantly.
I believe that most of the people in the game industry, except for the practitioners in the game industry and the shareholders of game companies, are happy to see this happen. The game itself has been demonized for many years, and the social evaluation has been low, and strengthening the regulation of the game industry will gain broad social support. Whether the new regulations are reasonable or not, 61 As an ordinary investor, it is not easy to talk about it. I just hope that the regulatory authorities can fully consider the current market confidence that is in danger, carefully study some of the provisions, and truly and effectively help the game industry to do a good job and become stronger.
After the release of the draft, the market reacted so violently, and the Copyright Administration also gave feedback as soon as possible, saying that it would carefully study, continue to listen to the opinions of relevant departments, enterprises, users and other aspects, further revise and improve the corresponding terms, and ultimately promote the prosperity and healthy development of the industry. After all, China Concept Internet is a cross-industry and pan-thematic index, and the impact of the game industry is relatively small, and 61 will continue to hold China Concept Internet. Short-term policy and sentiment fluctuations do not affect long-term holding decisions.
However, it can also be seen from this kind of incident that subdivided industries, especially policy-sensitive industries, must be cautious, even if they participate in the first management, they must be more strict, after all, no one knows when it will come.
2. Hang Seng Medical:Hang Seng Healthcare's valuation temperature is relatively high, why is this?
Hang Seng Medical encompasses all the healthcare sectors in H-shares**, and its constituent stocks have a small average market capitalization. Of the 88 constituents of the index, 44 are currently in the red, accounting for 50%. With such a high loss ratio, PE naturally cannot be lower. If you have enough experience in this, you can focus on the PB indicator, which is currently at the bottom of history. However, if you are not experienced with this, it is recommended to focus on exponential temperature, which can improve the margin of safety.
3. Nasdaq 100:Overall valuationThe temperature rises to 90°C, which is at a very overestimated stage。PE rose to 3884,10-year historical percentile rises to 9548%, PB rose to 8The 29,10-year historical percentile rose to 8442%, and the dividend yield drops to 035%。
If the follow-up continues, the remaining 40%**61 intends to find an opportunity to gradually take profit.
== By the game so a shuttle, the grid refers to "as desired" came to 239, it's a bit of a cry and laugh.
Merry Christmas to everyone!
Risk Warning:**There are risks, and you should be cautious when entering the market. The content and data of the article are for reference only and do not constitute investment advice. The subject matter involved in the article is only personal thinking, please combine your own needs, strictly control risks, and make independent decisions.