Last month, eight fund companies including E Fund, GF, China Merchants, Harvest , etc. reported the Bei Securities 50-component index securities investment fund.
These eight funds all started raising funds on November 29, with different deadlines.
A few days ago, E Fund North Securities 50 also extended the fundraising period. It was originally scheduled to end on December 12 and was extended to December 23. It seems that the product is not easy to sell.
The picture comes from the Internet
html After receiving the approval on the 125th, the fundraising started on the 29th. These eight leading fund companies also chose to start on the same day. If you don’t let me, I won’t let you.
Let’s take a look at what’s going on with the BSE 50, which has allowed fund companies to take the lead?
A powerful tool for investing in Beijing Stock Exchange
Beijing Stock Exchange is the third largest stock exchange in mainland China after the two major exchanges of Shanghai and Shenzhen.
The positioning is also relatively unique: avoiding state-owned enterprises, central enterprises, and leading private enterprises, focusing on small and medium-sized small and micro enterprises.
Before, for investors who wanted to join the Beijing Stock Exchange, the practical problem was that the threshold was a bit too high. In addition to 2 years of securities trading experience,
also needs to have average daily assets of no less than RMB 500,000 in the 20 trading days before opening the authority.
Most people who want to invest can only use public funds.
Prior to this, there were already 10 Beijing Stock Exchange theme funds on the market, including 8 funds established in November last year and 2 newly established funds in August this year.
The advent of the Beijing Securities 50 Index Fund has given investors interested in the Beijing Securities Exchange an additional investment tool.
However, Tyrannosaurus feels that it is safer to invest in the Beijing Stock Exchange 50 Index Fund than to invest in the Beijing Stock Exchange Theme Fund.
is more pure first.
The proportion of the assets of the Beijing Stock Exchange Theme Fund stocks to the assets of the fund is 60%-100%, and then the proportion of no less than 80% of the non-cash fund assets will be invested in Beijing Stock Exchange stocks.
The North Securities 50 Index Fund tracks the index. For investors who want to focus more on the North Exchange, the North Securities 50 Index Fund is more pure.
Secondly, the Beijing Stock Exchange theme fund belongs to active fund . The core of selecting active funds lies in the fund manager, and there are many unstable factors.
Like the first batch of 8 Beijing Stock Exchange themed funds, the performance differences are very large. The performance difference between and is more than 20%.
(data cutoff: 2022/12/15)
Index funds aim to track the market performance of the BSE 50 component index, which can eliminate the influence of human factors.
For us ordinary investors, it is easier to share the dividends of corporate development through fixed investment in Beisheng 50. It is more secure than the first batch of Beisheng theme funds, which are half sea water and half flames.
Finally, all current Beijing Stock Exchange theme funds operate in a regular open subscription and redemption mode, with a lock-up period of 2 years.
In other words, if you want to invest in the Beijing Stock Exchange theme fund, you will have to wait until November next year at the earliest, and The Beijing Stock Exchange 50 Index Fund will end its fundraising soon, and will open for subscription and redemption in a few months. The investment time should be more flexible.
What is the Beijing Securities 50 like?
As the first broad-based fund on the Beijing Stock Exchange, how is the Beijing Stock Exchange 50 Index Fund?
We have to look at the index it tracks, the North Securities 50.
NSE 50 Index selects the top 50 NSE securities based on market capitalization size and liquidity .
(Beijing Securities 50 component index compilation plan)
In other words, The North Securities 50 is composed of the 50 most representative listed companies securities of the North Securities Exchange that are large in scale and have good liquidity.
Moreover, the constituent stocks of the index are adjusted once every quarter, which is more flexible than the broad-based indexes such as CSI 300 and CSI 500 that are adjusted every half year. On the day the
index was officially released, that is, November 21, the total market value of the 50 component stocks reached 136.1 billion yuan, accounting for 66.1% of the total market value of the Beijing Stock Exchange.
In other words, the BSE 50 can be used as a reference indicator for the growth of the BSE and is very representative. Another feature of
is that has outstanding scientific and technological innovation attributes.
Specialized and new enterprises mainly solve the "stuck neck" problem existing in our country's industry, which has always been the focus of market attention.
Wind data shows that a total of 128 stocks are listed for trading on the Beijing Stock Exchange, of which 50 stocks are national-level specialized, new, and small giants.
accounts for 19 of the constituent stocks of the North Securities 50 Index, accounting for 38%. is higher than the GEM Index and the Science and Technology 50, which are also small and medium-sized growth styles.
pictures come from the Internet
The growth potential is also good.
As of the third quarter of 2022, the operating income of the 50 BSE constituent stocks has grown by 47.5%, and the net profit growth rate has been 29.9%, which is higher than the Science and Technology Innovation Board and GEM .
(Comparison of the revenue and net profit growth rates of the North Securities 50)
In terms of valuation, as of November 21, the price-to-earnings ratio PE of the index of the North Securities 50 was 19.89 times , which is at the 18% percentile since the index base day.
is significantly lower than the valuation level of the GEM Index and the Science and Technology Innovation 50 Index, and is still at a historical low.
The picture comes from the Internet
However, the BSE 50 Index uses April 29, 2022 as the base day, which is a short period of time, so the reference significance of the valuation percentile is limited.
From the perspective of performance, the performance of the North Securities 50 is better than that of the Shanghai and Shenzhen 300 in the same period. The maximum retracement since its establishment is 21.73%, which is similar to the maximum retracement of the Shanghai and Shenzhen 300 during the same period.
(Picture source: China Securities Index official website)
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written at the end
In general, as a representative broad base of BSE, BSE 50 has obvious scientific and innovative attributes, specialization and high content of new technologies. It not only has huge industry space, but also is the direction of future development. Judging from the current performance,
has a low valuation, good growth potential, good past returns, and its overall performance is very impressive.
However, Tyrannosaurus would like to remind everyone that the Beijing Stock Exchange has only been established for one year, and there is still a big gap compared with mature markets such as the Shanghai and Shenzhen Stock Exchanges.
Beijing Exchange is dominated by small and medium-sized enterprises, accounting for more than 70%. The natural liquidity is weak.
Many companies are in the early stages of development. The company's performance is highly volatile. The technical path, business model, and profit model have not yet been verified by the market.The operating risks are relatively high, and the ability to resist risks is low.
The rise and fall of Beijing Stock Exchange securities is limited to 30% on the second day after listing and thereafter. The single-day fluctuations of individual stocks are relatively large. Similarly, the single-day fluctuations of North Securities 50 Index Fund will also be relatively large.
For things that have just come out, I always don’t recommend that you join in the fun.
Friends who want to invest don’t need to rush for a while. You can observe and observe again. It’s not too late to start when the fund is officially open for subscription and redemption.
investment is based on long-term logic. Tyrannosaurus recommends that you look at it from an allocation perspective. You can use it as a supplement to the Shanghai and Shenzhen markets, enter it through fixed investment, and look forward to the mid- to long-term development.
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