The first batch of CSI A50 Index ETFs in China, which has attracted much attention, have successively handed over outstanding fundraising report cards.
Huabao**, a subsidiary of the financial sector of China Baowu Group, the world's largest steel group and a central enterprise, announced that its "Huabao CSI A50 ETF" (abbreviation: A50ETF Huabao; **159596) was officially established on March 7, 2024 with an initial offering scale of more than 1.5 billion yuan, attracting more than 12,000 investors to subscribe.
Compared with the existing broad-based indices such as MSCIA50, FTSE A50 and SSE 50 in the market, the CSI A50 Index tracked by "A50ETF Huabao" has the advantages of higher "new economic content", stronger profitability and better historical performance, so its market attention remains high during the launch of "A50ETF Huabao".
It is understood that "A50ETF Huabao" is about to be inShenzhen ** ExchangeListed and traded, investors can directly trade "A50ETF Huabao" (*159596) in the secondary market as if they were buying and selling**. With the accelerated recovery of popularity in the A** market, the performance of "A50ETF Huabao" after listing is worth looking forward to.
Super 120,000 households subscribed for more than 1.5 billion yuan! This ETF is on fire
In just 10 trading days, 15 funds were raised4.8 billion yuan, the total number of effective subscriptions is as high as 12,772, there is such a record in a short period of time, Huabao CSI A50 ETF (abbreviation: A50ETF Huabao; The popularity of **159596) can be seen.
Prospectus.
This directly benefited from the recovery of A-shares after the Spring Festival**. According to wind data statistics, in the 10 trading days of the above-mentioned "A50ETF Huabao" sale, the Shanghai Composite Index and the CSI 300 Index rose by more than 5%, and the performance of TMT sectors such as computers, communications, media, and electronics was particularly eye-catching. 85%。
At present, the valuation of the A** field is at a historical low, and it is showing signs of recovery, the issuance, establishment and subsequent listing and trading of "A50ETF Huabao" can be said to be at the right time, becoming a new force for long A shares, and also providing investors with a new weapon for low-level cars.
Jiang Junyang, the ** manager of A50ETF Huabao, said that the medium and long-term allocation value of the CSI A50 Index has gradually become prominent. First, with the continuous development of macro policies, China's economy is expected to stabilize and rebound, and the profit expectations of listed companies have also ushered in an improving trend. The optimization of the industry competition pattern will also help the competitiveness of leading enterprises to improve, and the profitability advantage of A-share leading assets is expected to be highlighted, thereby driving the market and high-quality assets to stabilize and rise; Second, under the guidance of China's economic transformation and high-quality development policies, the CSI A50 Index will help investors tap new growth points of China's economy by virtue of its reasonable stock selection methods, or become an important target for domestic and foreign capital allocation. Third, after the A-share market has undergone early adjustments, the valuation of leading companies in various industries has been at a historically low level, and combined with the subsequent improvement of the profitability of listed companies, the medium and long-term allocation value of the CSI A50 Index has become more and more obvious.
CSI A50 Index: A new model of "Beautiful 50" in A-shares
A50ETF Warburg "trackedCSI A50 IndexIt is the first A50 index compiled by a domestic index company, and the index selects 50 of the largest market capitalization ** in various industries as index samples. Compared with the existing broad-based indices such as MSCIA50, FTSE A50 and SSE 50 in the market, the CSI A50 Index selects 50 of the most representative listed companies** from the leading companies in the CSI** industry and meets the investment scope of Stock Connect as index samples, covering a more comprehensive and balanced industry, and innovatively introducing the concept of ESG sustainable investment.
The CSI A50 Index has both large market capitalization attributes and industry representation. According to wind statistics, as of the end of December 2023, the total market capitalization of the index sample is 1217 trillion yuan, with an average of 273.5 billion yuan, covering 30 CSI secondary industries and 50 CSI ** industries. The latest top 10 heavyweights include Kweichow Moutai, Ping An of China, CATL, China Merchants Bank, Midea Group, Yangtze Power, Zijin Mining, Hengrui Pharmaceutical, CITIC**, BYD and other core leading listed companies in various industries.
Top 10 weighted stocks in the CSI A50 Index
Data**: official website of China Securities Index Company, as of 202312.31）
The constituent stocks of the CSI A50 Index have also been the core assets of domestic institutional investors such as public offerings**, as well as foreign institutional investors represented by northbound funds. Among them, northbound funds have continued to increase their positions in the constituent stocks of the CSI A50 Index since its opening, according to wind data statistics, as of 202312.31. The market value of the constituent stocks of the CSI A50 Index held by northbound funds reached 804.6 billion yuan, accounting for 402%。
In addition, the CSI A50 Index has a relatively high proportion of new economy sectors, and the profitability and growth ability of the index constituent stocks are strong. According to wind data statistics, as of 20239.30, the median return on equity of the constituent stocks of the CSI A50 Index is 1483%, and the median net profit growth rate was 653%, which is higher than mainstream broad-based indices such as SSE 50 and CSI 300.
Comparison of major broad-based index constituents
Data**: Wind, dated as of 20239.30）
According to wind data statistics, since the index base date 201412.31 since 202312.31, the cumulative increase of the CSI A50 index is 3569% with an annualized return of 355%, which is better than the broad-based indices such as SSI 50 and CSI 300 in the same period, and also better than similar indices such as MSCI China A50 Connect Index and FTSE China A50, while the volatility of CSI A50 is small and the Sharpe ratio is higher, reflecting a better risk-return ratio.
Comparison of risk-return characteristics of CSI A50 Index and major indexes
Data**: wind, statistical period: 201412.31-2023.12.31）
A-shares have been adjusted for more than two years, as of 202312.31. The median PE of the constituent stocks of the CSI A50 Index has fallen back to a record low, and the latest PE valuation level of the index is 1465 times, the median valuation of the latest PE of the constituent stocks is only 1846 times, medium and long-term configuration cost-effective.
The "core leader" can be expected to be repaired in the future
With the launch of the CSI A50 Index, the core broad-based product line of "Huabao**", a leading domestic ETF investment institution, has been further expanded. In 2022, Huabao** has already laid out on the CSI 100 Index of the same clan and door early, and has achieved a leading edge.
According to statistics from the Shanghai and Shenzhen Stock Exchanges, by the end of 2023, the share of CSI 100 ETF** (562000)** under Huabao** reached 104.4 billion shares, a new high since the listing, the scale has also risen to 85.1 billion yuan, its average daily turnover in the market in the past year is 48.54 million yuan, among the 10 ETFs tracking the CSI 100 index in the whole market, the CSI 100 ETF (562000) under Huabao** is not only the largest, but also the best liquidity in the same period.
As an important member of the financial sector of the central enterprise "China Baowu Iron and Steel Group", Huabao** has made unique advantages in the field of ETF business in recent years. Since 2021, Huabao** has won the "Gold** Passive Investment ** Management Company Award" selected by Shanghai ** News for three consecutive years. In 2019, 2020 and 2021, Huabao** was awarded the "Top 10 ETF Managers" by the Shanghai ** Exchange for three consecutive years.
According to the latest release of the "Shanghai *** Manager Floor Non-stock ETF Scale List (Q4 2023)", as of December 31, 2023, Huabao** was 651The scale of non-stock ETFs of 9.7 billion yuan is among the top 10 non-stock ETF managers in China. At present, the Huabao ** index product line has fully covered broad-based index**, ETF, smart beta index products, and the company has emerged a series of flagship ETF products with distinctive characteristics, which have attracted the attention of the market and investors, and have abundant market transactions, such as S&P dividend ETF, CSI 100 ETF**, medical ETF, brokerage ETF, bank ETF, technology ETF, Hong Kong stock Internet ETF, chemical ETF, real estate ETF, national defense and military ETF, etc.
Jiang Junyang, the ** manager of A50ETF Huabao, said: "The domestic economy can be expected to recover in 2024, and in this context, corporate inventory, PPI, and profits of industrial enterprises are expected to bottom out, which may correspondingly drive the recovery of A-share profits." It is particularly worth noting that, in combination with the historical situation, in the period of economic stabilization and recovery, the equity market is prone to a more obvious repair, and the superimposed profit cycle is upward, often at this stage, the core leading assets are prone to show a stronger market performance. "In the near future, "A50ETF Huabao" (159596) will be listed and traded on the Shenzhen ** Exchange, which is worth looking forward to.
Risk Warning:The base date of the CSI A50 Index is 201412.31, release date 20241.2；The underlying index of CSI 100 ETF** is the CSI 100 Index, which has a base date of 200512.30, release date 20065.29. The composition of the index constituents shall be adjusted in accordance with the rules for the compilation of the index. The index constituents in this article are for display only, and the description is not intended as investment advice of any kind, nor does it represent any ** position information and trading trends of the manager. **The risk level of CSI 100 ETF and "A50 ETF Huabao"** assessed by the manager is R3-medium risk, which is suitable for investors with an appropriateness rating of C3 or above. Any information appearing in this article (including but not limited to, comments, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors shall be responsible for any investment behavior determined independently. In addition, any opinions, analysis and ** in this article do not constitute any form of investment advice to the reader, nor do they assume any responsibility for direct or indirect losses caused by the use of the content of this article. **Investment is risky, ** past performance is not indicative of its future performance, ** other ** performance managed by the Manager does not constitute a guarantee of ** performance, ** investment should be cautious. **The business isolation system is implemented between the manager and the actual controller and shareholders of the company, and the actual controller and shareholders of the company do not directly participate in the investment and operation of **property.
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