Today's A-share sounded the horn, and the Kechuang 100 led the market, and as of February 6, the index rose by 955%, related industry ETF - Science and Technology Innovation 100 Index ETF (588030) rose by more than 10%, the largest single-day increase in history, in addition, the Science and Technology Innovation 100 Index ETF traded more than 1.1 billion yuan today, ranking first among ETFs with the same target.
Why is the Science and Technology Innovation 100** strong? Focus on small and medium-sized "hard technology" enterprises
Tang Yibing, manager of the STAR 100 Index ETF (588030)**, said that historically, the STAR 100 Index has been more resilient in previous markets** since 2020. From the perspective of short-term capital flows, in the past few trading days, the share of STAR 100-related ETFs has continued to increase, taking the large STAR 100 Index ETF (588030) in the current market as an example, according to WIND data, the share of ETF has increased by more than 600 million in the past three trading days. From the perspective of medium and long-term growth space, the STAR 100 Index, as a representative index of small and medium-sized market capitalization on the Science and Technology Innovation Board, most of the constituent companies are in emerging industries with broad growth space, which is an important component of new quality productivity and has good prospects for future development.
The Science and Technology Innovation Board has always been based on the innovation-driven development strategy and continues to give full play to its leading advantage in gathering enterprises in the field of scientific and technological innovation. Wind statistics show that the number of listed companies on the Science and Technology Innovation Board has reached 563, with a total market value of more than 7 trillion yuan.
The establishment and development of the STAR Market will help China's capital market further optimize the construction of a multi-level market, improve the basic system, and enhance the ability of China's capital market to serve the real economy.
With the steady increase in the number of listed companies, investors' investment demand for listed companies with different market capitalizations on the Science and Technology Innovation Board is increasing day by day, and in this context, the Shanghai ** Stock Exchange and the China Securities Index *** have launched the SSE Science and Technology Innovation Board 100 Index. The STAR 100 is a representative index of small and medium-cap stocks on the STAR Market, with a constituent ** value distributed in the range of 50-50 billion. Among them, the proportion of constituent stocks with a market value of 100-20 billion is high (50%), and the proportion of constituent stocks with a market value of 50-10 billion and 200-50 billion is % respectively. The average ingredient value is 1520.8 billion yuan, with a median market capitalization of 1398.5 billion yuan, the overall allocation is biased towards the small and medium-sized cap style; The STAR 100 and the STAR 50 Index have formed a significant positioning difference, enriching the investment varieties of the STAR Market.
The R&D intensity of the Science and Technology Innovation 100 is higher and the scientific and technological attributes are stronger. From the perspective of the distribution of R&D investment intensity, 57% of the constituent stocks of the STAR 100 have R&D investment greater than 5%, which is slightly higher than that of the STAR 50 (54%), and there is a large gap between it and other major broad-based indices. It can be seen that the constituent stocks of the STAR 100 Index attach great importance to R&D investment, and strong technology attributes will support the rapid growth of enterprises' future performance, so the index has great potential.
As the second broad-based index of the Science and Technology Innovation Board, the Science and Technology Innovation 100 Index is the "new starting point" of the Science and Technology Innovation Board, and together with the Science and Technology Innovation 50 Index, it forms the scale index series of the Shanghai Stock Exchange Science and Technology Innovation Board, which is one of the important market judgment indicators. The launch of the corresponding ETF products of the STAR 100 Index marks a new milestone in the high-quality development of China's capital market and provides a broader capital stage for the growth of science and technology enterprises.
Embrace the science and technology innovation cycle
Benefiting from the distinctive scientific and technological innovation attributes of the STAR 100, the STAR 100 has the characteristics of high profit expectations and high R&D investment, and its R&D investment in revenue ratio is significantly higher than that of A-shares. Recently, the valuation of the relevant indices of the STAR Market has been adjusted to be at a relatively low level, and with a series of macroeconomic and financial policies in place, incremental funds have gradually entered the market.
As the domestic economy shows signs of improvement, liquidity easing and other benefits are expected to help the performance of the best. From the perspective of growth, the current market value and income volume of the constituent stocks of the Science and Technology Innovation 100 are relatively small, but their high-intensity R&D investment ensures the explosiveness of future performance.
As an important member of Bosera Science and Technology Innovation Product Series, Bosera Science and Technology Innovation 100 Index ETF was officially listed in September this year, and has recently been officially included in the two financial standards, which is favored by investors, and is currently leading in scale and liquidity among similar underlying ETF products.
With the continuous growth of the Science and Technology Innovation Board, Bosera Science and Technology Innovation 100 Index ETF will become an indispensable tool in the asset allocation of investors. Bosera believes that the investment value of the STAR 100 Index ETF is the investment value of the constituent companies, and the technological innovation and value creation of the constituent companies will further enhance the investment value of the STAR 100 Index.
*There are risks and investment should be cautious.
Risk Warning: Different from financial instruments such as bank savings and bonds with fixed income expectations, different types of risks and returns are different, and investors may not only share the income generated by investment, but also bear the losses caused by investment. The Manager undertakes to manage and use the assets in good faith, diligence and responsibility, but does not guarantee that the Company will be profitable, nor does it guarantee the returns, and there is a risk of fluctuations in the net value, and the other performance managed by the Manager does not constitute a guarantee of the performance of the Company, and the past performance of the Company is not indicative of its future performance. Investors should carefully read the "** Contract", "Prospectus" and "Product Summary" and other legal documents, and pay attention to the suitability opinions issued by the company in a timely manner. The risk-return profile and risk level in the contract vary depending on the factors considered. Investors should understand the risk and return situation, make prudent decisions and bear their own risks based on their own investment objectives, period, investment experience and risk tolerance, and should not accept sales behaviors that do not meet the requirements of laws and regulations and illegal promotional materials. The **details and purchase channels mentioned in this material can be found in the manager's official **inquiry-Bosera**-products, and the relevant business qualifications of Bosera are:
First "Statement**: Wind, as of 20242.6. Among the ETFs with the same underlying tracking the STAR 100 Index, the trading volume of the STAR 100 Index ETF (588030) is 119.8 billion; The trading volume of STAR 100 ETF ChinaAMC is 79.2 billion; The STAR 100 ETF** has a trading volume of 93 billion; The trading volume of the STAR Market 100 ETF is 38.3 billion; The STAR 100 ETF has a trading volume of 35.4 billion; The STAR 100 ETF index has a trading volume of 04.3 billion; The trading volume of STAR 100 ETF E Fund is 01.6 billion; The trading volume of the STAR 100 ETF in the south is 05.8 billion.