As the first important broad-based index compiled after the release of the "Nine National Regulations", the CSI A500 has attracted much attention since its release. Wind data statistics show that as of October 31, 2024, the total scale of funds related to the CSI A500 Index has e

As the first important broad-based index compiled after the release of the "Nine National Regulations", the CSI A500 has attracted much attention since its release. Wind data statistics show that as of October 31, 2024, the total scale of funds related to the CSI A500 Index has exceeded 117 billion yuan, setting a historical record for the fastest product scale to exceed 100 billion yuan. At the same time, the CSI A500 Index is about to usher in a new batch of incremental funds. On October 31, 12 more fund companies reported the second batch of CSI A500ETF. Why does CSI A500, a company that "made it out of the industry immediately after its debut" in , continue to attract market attention?

The "spring breeze" of policies has been blowing

html Continuous "policy combinations" have been intensively implemented since September 24: (1) In terms of monetary policy, the central bank has further enhanced market liquidity by cutting interest rates and reserve requirements; at the same time, innovative "Swap facilities" and "repurchase special re-lending" policies guide incremental funds in the stock market to alleviate liquidity crises; () In terms of fiscal policy, the Ministry of Finance stated that the central government still has huge room for borrowing and deficit increase. It is clear that the central government can also increase leverage to boost expectations; at the same time, efforts in people's livelihood, real estate, debt repayment, and finance have improved the market's ability to resist risks and raised expectations for further economic recovery.

Against the background of frequent policy "spring breezes", market risk appetite has been rapidly restored, funds have accelerated their entry into the market, and A-share sentiment has continued to recover. Since the second half of the year, A-shares have led the world in broad-based gains.

Comparison of increases and decreases since the second half of the global broad base

Data source: wind, the statistical interval is 2024/7/1-2024/10/31;

Economic fundamentals "support"

On October 31, the National Bureau of Statistics announced that October Official pmi data. Both manufacturing and non-manufacturing PMIs returned to the expansion range, and all major indicators improved, indicating that social expectations have been significantly boosted by the September Political Bureau meeting and a package of incremental policies.

At the same time, as of October 31, the third quarter results of All A have basically been disclosed; in the first three quarters of 2024, the net profit of All A attributed to parent company cumulative is +0.03% year-on-year, and q3 single quarter is +5.03% year-on-year, which is obvious compared with q2 Improvement; consumption style led the way in the first three quarters, net profit attributable to the parent company improved year-on-year, and financial sector profit improved significantly in the third quarter. Marginal improvements in macro data such as are also "supporting" the CSI A500.

"Full" and "new" broad-based funds are favored

Against the background of frequent "spring breezes" of policies and "support" of economic fundamentals, the "complete" and "new" CSI A500 came into being.

The “fullness” of CSI A500 is reflected in allowing investors to “one-click layout of the entire A-share industry” as much as possible. The index compilation method focuses on industry balance and selects 500 securities with larger market capitalization from each industry as index samples. And keep the market value distribution of the index sample's primary industry as consistent as possible with the sample space. Compared with other broad bases of the same type, the CSI A500 Index has wider coverage of sub-industries, covering all 35 CSI secondary industries and 91 of the 93 CSI tertiary industries.

Broad-based industry coverage comparison

Data source: wind, as of 2024/10/31

At the same time, CSI a500 has a higher "new economy" content. Compared with traditional broad-based basics such as CSI 300, focuses more on industry, information technology, Raw materials, optional consumption and other emerging industries.

Industry share comparison of broad-based constituent stocks

Source: wind, data as of October 2024;

In addition, during the construction process of the CSI A500 Index, environmental, social and governance (esg) scores with c-level and below were excluded of listed companies. This approach helps reduce portfolio risk while enhancing long-term investment value.

In summary, under the current background of increasing policies, rising market risk appetite, and continued repair of fundamentals, the a series of indices, as innovative broad bases, effectively represent the upgrading of the A-share industrial structure and are an important tool for investors to participate in the capital market. The CSI a500 index continues to "out of the circle", and the related product CSI a500etf E Fund (code: 159361) is on sale.