points blue words follow, don’t get lost~
Source: Securities China
has such an ETF. Since its establishment, as of the end of November this year, the cumulative net value has increased by 461%, and the annualized yield rate is nearly 11%, bringing investors a good return experience. It is E Fund Shenzhen 100 ETF fund . Now, the option corresponding to this product is here!
On December 12, Shenzhen Stock Exchange 100ETF Options was officially listed on the Shenzhen Stock Exchange. The Shenzhen Stock Exchange 100 ETF option is the first on-site derivative based on the Shenzhen Stock Exchange 100 Index in China, and it is also the first option product for innovative blue chip stock . It has a significant difference from the existing listed products and forms a good complement. After the launch of Shenzhen Stock Exchange 100 ETF options, the number of domestic ETF options products increased to 7, which further covered the core indexes of Shanghai and Shenzhen stock markets, and was more conducive to investors to risk hedge . The object of this option contract is the E Fund Shenzhen 100 ETF (code: 159901), which is the first ETF listed on the Shenzhen Stock Exchange and is also the largest and most liquid ETF tracking the Shenzhen 100 Index.
E Fund Vice President Fan Yue said that ETF options have a positive role in promoting the development of the ETF market, helping to improve the pricing efficiency and market depth of the ETF market, and enhancing the tool attributes of ETFs as asset allocation carriers. The Shenzhen Stock Exchange 100ETF options are highly complementary to the listed Shanghai and Shenzhen 300, CSI 500, and GEM ETF options, which can further meet investors' diversified risk management needs and investment trading needs. The launch of Shenzhen Stock Exchange 100 ETF options will help further guide funds to increase the allocation of stock , which has the dual attributes of "blue chip + innovation", especially the Shenzhen Stock Exchange 100 ETF, helping high-quality listed companies to attract stable medium- and long-term investment groups and obtain better growth and development opportunities.
takes "one" as "hundred", and continues to iterate
long-term performance outperforms equity-oriented Fund index
0 ETF established in March 2006 is the first ETF listed on the Shenzhen Stock Exchange and the first ETF product managed by E Fund. Fan Yue said that this is the beginning of the on-site funds of the Shenzhen Stock Exchange and is also the first historic development opportunity for E Fund's ETF business. Since its establishment, E Fund Shenzhen 100 ETF Fund has increased by 461% as of the end of November this year, and its annualized yield has reached nearly 11%, bringing investors a good return experience.
Fan Yue said that the outstanding historical performance of the Shenzhen Stock Exchange 100 ETF is inseparable from the sophisticated design and precise positioning of the Shenzhen Stock Exchange for the Shenzhen Stock Exchange. The Shenzhen Stock Exchange 100 Index (full income) was first released by Shenzhen Stock Exchange in early 2003. It is the first product index in China that is clearly defined in investment functions. It consists of 100 stocks with large market value and good liquidity in the Shenzhen Stock Exchange, which is highly representative of the overall Shenzhen Stock Exchange. The scientific and clear compilation plan made the Shenzhen Certificate 100 highly recognized by the market. At that time, the media reported that "one should be used as a hundred", which means that through this "one" index, one "hundred" stocks with the most investment value in the Shenzhen Stock Exchange could be allocated. The
Shenzhen Index, like Shenzhen, the city where it was born, has never lacked innovation and is always full of vitality. In the past 20 years, the Shenzhen Stock Exchange 100 Index has always focused on the main investment line of all stages, from early investment-driven real estate infrastructure, to food, beverage and home appliances under consumption upgrades, to computers and electronics in the Internet era, as well as the current new energy, electronics and medicine, which deeply reflects the process of my country's industrial upgrading. In each round of market conditions, innovative growth industries that lead the market and are sought after have accounted for a considerable proportion in this index.
Shenzhen Stock Exchange 100 Index deeply reflects the industrial upgrading, and weighted stock is constantly changing. From 2009 to 2015 to now, only three constituent stocks, , have remained among the top ten, and are all in the consumer industry, fully reflecting the relatively clear competitive landscape in the consumer field. In the field of technology innovation , the iteration speed of weight stocks is very fast. From 2015 to now, the 4 technology stocks among the top ten weight stocks in Shenzhen Stock Exchange 100 have almost been replaced, ensuring the long-term vitality of the index.
Looking back on history, Fan Yue said with deep emotion that the Shenzhen Stock Exchange shoulders the responsibility and mission of serving the development of innovative enterprises. The SME Board (merged) in 2004 and the GEM were established in 2009, attracting a large number of innovative enterprises to be listed and nurtured into today's innovative market-oriented blue chip stock . After nearly 20 years of development, the Shenzhen Stock Exchange 100 Index has delivered an excellent answer to the market. As of the end of November 2022, the average market value of index constituent stocks was 122.7 billion yuan, and 38 companies with a total of more than 100 billion yuan have reached 38, fully reflecting the rapid development trajectory of the Shenzhen Stock Exchange.
Shenzhen Stock Exchange 100 Index has outstanding long-term returns. According to statistics, since the index base period on December 31, 2002, the cumulative return of the Shenzhen Stock Exchange 100 Index (price index) has a cumulative return of 400%, equivalent to an annualized return of 8.4%, not only leading the A-share broad base index during the same period, but also leading the S&P 500 Index in the United States. In addition, since 2016, the returns of equity-oriented fund index, as a bellwether for institutional investment, have continued to exceed the Shanghai and Shenzhen 300, while the Shenzhen Stock Exchange 100 index is slightly more than the equity-oriented fund index. In addition, the performance of the Shenzhen Component 100 Index is more sustainable. Since 2016, the number of equity funds that outperform the Shenzhen Component 100 Index every year has been less than 1%.
In addition, the tracking error, trading activity and asset management scale of E Fund Shenzhen 100 ETF have also ranked among the forefront of similar products for a long time, fully reflecting the characteristics and value of the index, allowing holders to enjoy the index dividend of Shenzhen 100. According to Fan Yue, this is inseparable from the refined management of E Fund . Since the listing of Shenzhen Stock Exchange 100 ETF, E Fund has been committed to developing innovative ETF products. As of now, the company's ETF management scale has exceeded 100 billion yuan, and it has managed 52 ETF products. It has won the best passive investment management company awards awarded by authoritative institutions many times. The company has also accumulated a professional, stable and diversified ETF investment and research team, and attaches great importance to the leading application of scientific and technological forces. It has been committed to improving management efficiency and increasing safety factors through informatization and intelligence for many years, and has never had major risk accidents.
blue chips + distinctive innovation and distinctive
long-term investment value is worth looking forward to
Fan Yue said that after continuous iteration, the constituent stocks of the Shenzhen Component 100 Index have distinctive characteristics of market-oriented blue chips and are deeply favored by institutional investors. According to the interim report of E Fund Shenzhen 100 ETF in 2022, nearly 80% of product holders are institutional investors, and the top ten holders include central-level financial institutions, national social security funds, large state-owned banks, foreign-funded banks, etc., which shows that their investment value is worthy of attention.
1. Positioning for large-cap stocks in Shenzhen, gathering the leading stocks in Shenzhen,
As of the end of November this year, the total market value of the Shenzhen Stock Exchange 100 Index exceeded 12 trillion yuan, which is equivalent to covering 37% of the total market value of the Shenzhen Stock Exchange with 4% of the number of individual stocks in Shenzhen, with an average market value of 122.7 billion yuan. 98% of the large-cap stocks in Shenzhen, with an exceeding 100 billion yuan in Shenzhen, and 98% of the large-cap stocks in Shenzhen, with a reputation as the core asset of the Shenzhen Stock Exchange. Currently, the index constituent stocks gather leading companies in various sectors of the Shenzhen Stock Exchange, among which the main board (excluding the original SME Board) accounts for 33%, the GEM weight accounts for 31%, and the original SME Board accounts for 36%, and the distribution is relatively balanced. Among the index weighted constituent stocks, there are not only traditional high-quality blue chips in the Shenzhen Stock Exchange, but also leaders in various sub-industry, all of which are at the forefront of the market value of their respective corresponding industries, such as CATL , Wuliangye , Midea Group , BYD , Oriental Fortune , Mindray Medical , etc.
2. For the field of new economic development, long-term benefits from technological innovation industry upgrading
The current Shenzhen Stock Exchange 100 index is in line with the direction of my country's economic transformation and industrial upgrading. From the perspective of innovation attributes, the weight of strategic emerging industries accounts for 73%; from the perspective of new economic perspective, the weight of the three key areas of high-end manufacturing, digital economy , and green and low-carbon accounts for 70%; full of innovation vitality, not only is it a concentrated representative of China's real economy, but also benefits from technological entrepreneurship and industrial upgrading in the long run.
3, both have the dual attributes of profit growth. It is a benchmark for the growth style of market
. After 20 years of iterative development, the Shenzhen Stock Exchange 100 Index has already had a strong blue chip background color for the market: first of all, the profitability is strong, and the index ROE in the past five years is as high as 13.7%, which is better than the 11.9% of the Shanghai Stock Exchange 50 Index, 11.5% of the Shanghai and Shenzhen 300 Index, 11.5% of the , 11.8% of the CSI 100 Index, and 10.6% of the ChiNext Index. Secondly, the index gathers the main force of the Shenzhen Stock Exchange dividends. In 2021, the total cash dividends of 100 constituent stocks in the index totaled approximately 180 billion yuan, accounting for 45% of the overall dividend ratio of the Shenzhen Stock Exchange; among which 82 companies have paid dividends for three consecutive years, the investors have better experience.
Finally, this index has both the characteristics of technological innovation, has strong core competitiveness, and has high growth potential. The compound net profit growth rate in the past three years has reached 15.4%, leading the broad-based indexes of the Shanghai and Shenzhen 300, , Shanghai Stock Exchange 50, and CSI 100, reflecting a significant market growth style. To sum up, the Shenzhen Component 100 Index also combines innovative blue chip attributes, with a significant growth style of the market, which is in sharp contrast with other indexes. It is a high-quality target for grasping the growth trend of the market.
Shenzhen Stock Exchange 100 ETF options rich in spot futures investment strategy
Fan Yue said that the Shenzhen Stock Exchange 100 index gathers leading enterprises in the Shenzhen Main Board and GEM, with outstanding innovation and growth attributes and distinctive market-oriented blue chip characteristics, which deeply reflects the industrial changes in all stages of economic development. The dual characteristics of "blue chip + growth" and the mechanism of continuous self-updation of the index have made Shenzhen 100 perform relatively stablely in market environments of different periods and styles. Currently, the valuation of the index price-to-earnings ratio is about 22 times, which is in the historical quarter of 33.5% in the past five years, which is lower than the historical valuation center and has good investment value.
Among the ETFs tracking the Shenzhen 100 index, the E Fund Shenzhen 100 ETF has the largest scale and the best liquidity. According to Wind statistics, as of November 30, 2022, the E Fund Shenzhen 100 ETF reached 6.1 billion yuan, and the average daily transaction volume of is stable at more than 100 million yuan. Coupled with the advantages of convenient transactions and low fees, E Fund Shenzhen 100 ETF is not only an important tool for institutional investors to allocate assets, but also a popular and indexed investment tool suitable for all kinds of investors. It has been favored by investors since its establishment in 2006. Because the Shenzhen Stock Exchange 100 constituent stocks include both blue-chip stocks and some small and medium-sized enterprise board stocks with excellent performance, E Fund Shenzhen Stock Exchange 100 ETF has the functions of both long-term investment and short-term holding. At the beginning of its establishment, this product was defined by investors as "comparable to length and short-term". The listing of
Shenzhen Stock Exchange 100 ETF options today has a positive effect in promoting the development of the ETF market and stabilizing the spot market. Fan Yue said that after the announcement of the approval of the ChiNext ETF options and the CSI 500 ETF options, the shares of the ChiNext ETF and the CSI 500 ETF have both increased significantly, with the average daily transaction amount increasing by more than 90% and 190% respectively. The number and scale of the institutional holdings also increased significantly. "The launch of ETF options has further enriched the futures and spot investment strategies, increased the enthusiasm of institutional investors to participate in spot market transactions, attracted more funds to increase the allocation of corresponding ETF products, and helped high-quality enterprises to attract stable medium- and long-term investment groups and obtain better growth and development opportunities." He said.
In addition, in terms of utilizing the insurance function and enhancing the stability of the spot market, options have unique insurance functions, which is conducive to strengthening investors' confidence in holding the spot spot, alleviating the pressure of spot selling, and enhancing market stability. For example, in a market downward trend, investors can conduct safe-haven trading by holding put options, lock in the asset selling price, and provide protection for spot positions. While reducing position losses, they can retain potential returns from market rebound and enhance long-term confidence in holding shares in .
Fan Yue introduced that this year the GEM ETF options and the Shenzhen Stock Exchange 100 ETF options are listed one after another, which is a historic opportunity for E Fund ETF business. Shenzhen Certificate 100 ETF is the first ETF product managed by E Fund and the first ETF product in Shenzhen. Since 2006, E Fund has participated in innovation and breakthroughs in major product types from single market to cross-market, cross-border, cross-asset categories, and cross-time zones. These two ETF products, as option targets, are both innovative products in the industry in the early years.With the stable listing of Shenzhen Compact 100 ETF options, E Fund will continue to strengthen standardized operations and refined management, further reduce tracking errors, continuously improve product scale and liquidity, and enhance the market depth of Shenzhen Compact 100 ETF. At the same time, we will actively participate in option trading, steadily promote product innovation, and meet the broader investors' wealth management needs.
Editor: Ye Shuyun
Proofreading: Li Lingfeng
Copyright Statement
Wang Jincheng
Securities Times All original content on each platform is not allowed to reproduce without written authorization. Our social security reserves the right to pursue legal responsibilities of the relevant actors.
Reprinting and cooperation, please contact Securities Times assistant, WeChat ID: Securities Times
END
Click on the keyword to view
Perspiracy series in-depth reports丨Stock Club Column丨Invest in Xiaohongshu丨e Company Survey丨Times Living Room丨Top Ten Stars Private Equity Interview丨Itinerary Card will be offline soon! Zhang Wenhong: The peak of the epidemic may come within a month | New stocks of 100 yuan will come again! This week, 14 new stock subscriptions | "A box is hard to find" may be alleviated! The State Food and Drug Administration: 40 new crown antigen detection reagents have been approved丨The stock price has increased nearly 4 times, and the major shareholders are going to cash out 5 billion...丨120 calls surge! Many places remind: If it is not urgent, please do not squeeze out first aid resources! The traditional Chinese medicine prescription is authoritatively released! There is also big news in Shenzhen and Hong Kong | Fireworks are back! Haidilao, Jiumaojiu and Naixue are backing up for consumption; there are catering stores that take more than 3000
in a single day
