reporter Du Meng
ETF segmentation track has added new products that attract attention. This evening, the CSI Carbon Neutral ETFs reported for public offering by eight companies including E Fund, GF, Fuguo , China Southern, China Merchants, China Universal, ICBC Credit Suisse, and Dacheng were officially approved and will be issued soon.
is one of the first batch of carbon neutral ETFs in China. This type of product adopts a complete replication method and tracks and replicates the CSI Shanghai Environmental Exchange Carbon Neutral Index (931755.CSI). The index is a cooperative theme product of China Securities Index Co., Ltd. and Shanghai Environmental Exchange. It selects 100 companies from the Shanghai and Shenzhen markets involving deep low-carbon fields such as clean energy and energy storage, as well as emission reduction potential in high-carbon emission industries. Securities of larger listed companies are used as index samples to reflect the overall performance of securities of listed companies in the Shanghai and Shenzhen markets that have made greater contributions to carbon neutrality.
The index was released on October 21, 2021, with June 30, 2017 as the base day and 1,000 points as the base point. According to the website of China Securities Index Co., Ltd., among the stocks included in the index, stocks in the deep low-carbon field (clean energy and energy storage, green transportation, carbon reduction and carbon sequestration technology, etc.) currently account for 66.47%; high-carbon emission reduction Individual stocks in the field (thermal power, steel, building materials, non-ferrous metals, chemicals, construction, etc.) currently account for 33.53%.
As of June 28, the top ten heavyweight stocks in the index are CATL (300750.SZ), Longi Green Energy (601012.SH), BYD (002594.SZ), and Zijin Mining (601899. SH), Yangtze Electric Power (600900.SH), Dongfang Yuhong (002271.SZ), Conch Cement (600585.SH), Tongwei Co., Ltd. (600438.SH), Enjie Co., Ltd. (002812.SZ) ), Tianqi Lithium Industry (002466.SZ), the top ten holdings accounted for 43.49% in total.
Judging from the index performance, the index fell from a high of 2,400 points in November last year to 1,665.4 points on April 25 this year, a drop of 29.14%. With the recovery of in the new energy sector, the index return rate has been 16.36% in the past month.
For investors, although indexes are relatively new, carbon-neutral themed funds are not unfamiliar. Wind data shows that since August last year, 8 theme funds named after carbon neutrality have been issued.
Due to different establishment dates, the returns of the eight carbon neutral theme funds are not consistent. The earliest established West China Carbon Neutral Fund was established on August 19 last year and won the naming rights of the first carbon neutral fund in the market. As of the end of the first quarter of this year, the fund size was 1.954 billion yuan. From November 23 last year to April 26 this year, the fund's retracement was as high as 43.67%. Although there has been a 32.94% increase in the past two months, the return rate since its establishment is still -1.62%. The carbon-neutral theme of China Universal, established shortly after
, also experienced a 35.29% retracement from October last year to April this year. Since its inception, the fund has returned -2.81%.
Chuangjinhexin carbon neutral also performed this tragedy. The fund was established in September 2021 and experienced a 42.99% retracement from December to April this year. Even though the increase in the past two months is 33.79%, the fund's net value has not yet climbed out of the deep pit, and the return rate since its establishment is -10.28%.
The two funds China-Europe Carbon Neutral and Xingyin Carbon Neutral, which were established in February and March this year, have already achieved positive returns. Although they also experienced a sharp retracement from March to April, because they were established at a market low, building a position was more cost-effective. As of June 27, the returns of the two funds were 17% and 9.2% respectively.
Why did the carbon neutral theme foundation experience a 30%-40% retracement? This is related to the fund's holdings . According to statistics from the first quarter report, Jiemian News reporters found that the positions are mostly held by CATL (300750.SZ), Ganfeng Lithium (002460.SZ), and Longi Green Energy (601012.SH). , BYD (002594.SZ), Tianqi Lithium (002466.SZ) and other leading stocks in power equipment and non-ferrous metals.
The existing carbon neutral theme funds have poor returns and have been transformed into new energy funds. Are investors still enthusiastic about the carbon neutral sector?
