The first trading day of the Year of the Dragon marked the official launch of the first batch of CSI A50 ETFs under ten public funds, with the market expected to usher in 20 billion yuan of incremental funds. In addition, the Harvest Germany DAX ETF, the second domestic ETF tracking German-related indexes, has entered the issuance period, signifying the expansion of investment tools for overseas investments through public funds.
On February 19, a total of 24 public funds were launched, mainly passive index funds. Among them, the first batch of CSI A50 ETFs reported by ten public institutions were officially issued. The upper limit of the initial issuance of the ten CSI A50 ETFs is 2 billion yuan, and the market may see 20 billion yuan of incremental funds.
The A50 ETF fund closely tracks the CSI A50 Index, which selects the 50 securities with the largest market capitalization from leading listed companies in various industries to reflect the overall performance of the most representative leading listed companies in each industry. The index has a significantly lower proportion of financial and real estate industries and a higher proportion of industrial, communications, and medical industries.
The top ten heavyweight stocks in the index include Kweichow Moutai, Ping An, CATL, and others, with an increased allocation to technology and new energy. The Harvest Germany DAX ETF, the only QDII index fund among the 24 funds launched, tracks the German DAX Index, which represents the 40 largest and most liquid companies listed on the regulated market of the Frankfurt Stock Exchange.
In the past year, QDII funds have witnessed outstanding performance, with a total scale of QDII funds exceeding 478.268 billion yuan as of the end of 2023. The domestic QDII funds are mainly passive index funds tracking various investment regions.
It is important to note that the content of this article is for informational purposes and does not constitute investment advice. Readers are advised to operate accordingly at their own risk. The original article was published by China Securities Journal and authored by Yang Wanyu.