(Original title: More public offerings will focus on China’s A50 ETF, Tianhong will be busy selling after the festival, and China Universal will buy it for 200 million, or it may become a perfect collision of “good index + good timing”)
Financial Associated Press (Beijing, reporter Li Lujia) news,On the eve of the Spring Festival of the Year of the Tiger, the market has been adjusted day by day, but there are still many “Lunar New Year bases” that are about to debut. Among them, on January 24, Tianhong Fund announced that the Tianhong MSCI China A50 Connectivity Index Fund will be officially launched from February 7 to February 18.
Judging from the performance of the existing four MSCI China A50 Interconnected ETF funds, against the background of the overall downward trend of A shares, the above funds have also recorded a certain decline since their establishment. However, Zhang Hui, general manager of China Universal Fund, still expressed his optimism. Under the influence of factors such as the improvement of the stock index structure, the deepening of market institutionalization, and the improvement of market efficiency, the investment value of passive investment in the Chinese market is expected to increase significantly; and MSCI China A50 interconnection and interoperability As a “future-oriented” index, the index is selected to be launched at a time when the medium and long-term investment value of China’s high-quality assets is emerging. It is a perfect collision of “a good index” + “a good time”, and the future growth value can be expected.
It is worth mentioning that on January 27, China Universal Fund issued an announcement stating that the company is based on the confidence in the long-term healthy and stable development of China’s capital market and the company’s investment management capabilities, in line with the risk-sharing and benefit-sharing with the majority of investors. In principle, 200 million yuan will be invested in the purchase of China Universal’s MSCT China A50 Connectivity ETF, and a commitment to hold it for no less than one year.
Previously, Lin Weibin, general manager of E Fund Index Investment Department and E Fund China A50 ETF fund manager, said that this product is very suitable for the current national conditions: in the context of the transformation of comprehensive family financial management, the market recognition of index fund investment advantages, and the further internationalization of the A-share market China A50ETF has significant advantages such as sharing the dividends of China’s economic growth, packaging domestic industry leaders, and tracking “smart funds” with one click.
A50 index fund attracts institutional attention
It is understood that the Tianhong A50 Index Fund is the only OTC MSCI China A50 Connectivity Index Fund approved in the second batch.
Looking back at the birth process of the MSCI China A50 Interconnection ETF, all of them reflect the word “fast”. After the release of the MSCI China A50 Index, four companies, E Fund, China Asset Management, China Southern Asset Management and China Universal Asset Management, also quickly listed benchmark ETFs. Namely, E Fund MSCI China A50 Connectivity ETF (563000), Huaxia MSCI China A50 Connectivity ETF (159601), Southern MSCI China A50 Connectivity ETF (159602), China Universal MSCI China A50 Connectivity ETF (560050). The above-mentioned four MSCI China A50 Interconnection ETF funds sold over 30 billion yuan when they were issued.
Recently, a number of leading fund companies have successively launched their own purchases of their own fund products, sending a signal to the market that they are optimistic about the market outlook. Among them, the MSCI China A50 Interconnection ETF has become one of the self-purchasing targets. On January 27, China Universal Fund issued an announcement saying that based on the company’s confidence in the long-term healthy and stable development of China’s capital market and the company’s investment management capabilities, and on the principle of sharing risks and interests with the majority of investors, it will invest 2 100 million yuan to purchase China Universal MSCI China A50 Connectivity ETF, and promise to hold it for no less than 1 year.
Industry insiders said that although the stock market in 2022 will continue the turbulent market in 2021, under the joint boost of factors such as “steady growth” and “loose currency”, the structural market situation will continue, and the current may be the low-level layout. Ideal timing for 2022.
Or a new option for capital allocation
It is understood that in August 2021, MSCI officially released the MSCI China A50 Connectivity Index, which was born out of the parent index, the MSCI A-Share Index, and adopts an innovative industry-neutral strategy and the compilation concept of “optimizing leaders and balanced allocation”. , First, from the 11 industries covered by the global industry classification standard, select the 2 securities with the largest free-float adjusted market value in each industry, a total of 22 securities; the remaining 28 constituent stocks are sorted according to the free-float adjusted market value from the parent index. out. At the same time, the distribution is carried out according to the industry weight of the parent index MSCIA stock index to balance the representativeness of the industry and avoid industry deviation. Such an index design enables the MSCI China A50 Connectivity Index to be industry-neutral, decentralized and diversified, and can reflect the development of China’s economic structure and new economic sectors.
At the index level, the MSCI China A50 Connectivity Index is compiled by MSCI Index Company, which is one of the benchmark indexes most used by global portfolio managers. MSCI China A50 Connectivity Index is MSCI’s first A-share industry leader index. The index focuses on A-share industry leaders and packs China’s core assets with one click. At the same time, the index adopts an industry-neutral strategy in compiling, including more emerging industries, industries The distribution is more balanced and reflects more real China’s economic development trend. It can be called MSCI China’s flagship work.
From the perspective of industry insiders, the core significance of the MSCI China A50 Connectivity Index is that it is an industry-balanced China A-share large-cap characterization index. Regardless of the “drinking and taking medicine” section or the “new energy + technology” section, it will all be included in accordance with the principle of “industry neutrality”.
Further, in recent years, the Shanghai Composite Index has not changed much at the index level, but the structural market has become more and more intense, and the rotation of the sector is obvious. An “industry-neutral” strategy helps to catch market conditions while waiting. Taking the “Mao Index” and “Ningxia Combination” that have attracted much attention in the market as an example, the MSCI China A50 Connectivity Index includes the leading ones among them.
Previously, Lin Weibin, general manager of E Fund Index Investment Department and E Fund China A50 ETF fund manager, said that this product is very suitable for the current national conditions: in the context of the transformation of comprehensive family financial management, the market recognition of index fund investment advantages, and the further internationalization of the A-share market China A50ETF has significant advantages such as sharing the dividends of China’s economic growth, packaging domestic industry leaders, and tracking “smart funds” with one click.