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Original Title: The First Lot of 4 50ETF Science and Technology Trading Today
Our reporter Wang Siwen
Today, the first batch of 50ETF science and technology, a public funds product that opened the era of indexed investing at the Science and Technology Innovation Board, was officially listed. For investors, the launch of the first batch of Science and Technology 50 ETFs has opened an important investment channel for investors to “enter” the Science and Technology Board with a low threshold. At the same time, they can share the dividends of the Science and Technology Board through the Science and Technology 50 indexed investment.
The “Securities Daily” reporter learned from a series of public funds that the first batch of 50ETF science-technology positions was basically complete. According to the journalist’s observation, the net worth of the first batch of 4 50ETF science-technology has changed slightly.
The first batch of science and technology 50ETF
All mainly individual investors
The Kechuang 50ETF product is an innovative investment tool for investors, especially investors who have not opened the business authority of the Sci-tech Innovation Board, to participate in the investment design of high-quality companies in the Innovation Board Sci-Tech. Due to the low subscription threshold (of 1,000 yuan), the market is called “a weapon for ordinary investors to participate in investment opportunities in the Science-Technology Innovation Board.”
From an issue structure perspective, the first batch of 50 Science & Technology ETFs are primarily individual investors. According to the statistics of the reporter “Securities Daily”, as of the most recent data as of November 9, the average holdings of individual investors of fund shares of the 4 science-technology ETFs 50 accounted for 92.65%. In addition to being highly sought after by individual investors, the first batch of Science and Technology 50 ETFs also appeared in many institutions, such as Guoxin Investment, Barclays Bank, and Nomura Singapore Pte Ltd.
Zhao Xu, deputy director of the investment department at the ICBC Credit Suisse Index Investment Center and manager of the ICBC Science and Technology ETF Fund, said in an interview with a reporter for the Securities Daily: “The technology cycle is an important field for medium and long-term A-share market in the future. Investors are very important for investment and allocation. The Science and Technology Innovation ETF tracks the main index of the Science and Technology Innovation Board and is the main asset for selecting the best across the industry. Your assignment value deserves attention and attention. “
At present, investors can choose the first batch of 50 ETF funds for science and technology innovation, which are E Fund 50 ETF on SSE Sci-tech Innovation Board, 50 ETF on SSE Sci-tech Innovation Board of Huatai Bai Rui, 50 ETFs on the SSE Sci-tech Innovation Board of China Asset Management and ICBC Credit Suisse SSE Board of Scientific and Technological Innovation 50-component ETF.
In terms of product selection, the fund teams of the top 4 science-technology ETFs 50 have their own merits: Huatai Berry is one of the first ETF managers in China, he has 14 years of investment experience in managing Shanghai and Shenzhen 400 ETFs and has maintained zero operating errors so far; E Fund is an entrepreneurial company The first ETF developer on the board; China Asset Management is currently the largest fund company with the largest management of national equity ETFs; ICBC Credit Suisse’s tracking error control is also at the forefront of the industry and has formed a complete system of market making services.
It is worth noting that the reporter recently discovered that the cumulative net worth of four fund products has undergone slight changes, indicating that the products have begun to enter the period of opening positions. At the same time, in accordance with the fund’s operating requirements, all four funds were converted before listing. The data shows that the current net worth of E Fund, Huatai Bai Rui, China Xia and ICBC Credit Suisse is 1.4392 yuan, 1.4423 yuan, 1.4393 yuan and 1.4388 yuan respectively.
From a risk perspective, it is difficult to analyze and invest in individual stocks on the Sci-tech Innovation Board. The Sci-tech Innovation Board’s 50 ETF products are the 50 leading companies with the highest market capitalization and the best liquidity that are diversified and invested in the Sci-Tech Innovation Board market. Therefore, participating in the Scientific and Technological Innovation Board through indexed investments greatly reduces the investment risk of investors. Regarding the “20% rise and fall for the Science and Technology Innovation Board ETF” setting, which is currently more concerning in the market, a fund manager told a Securities Daily reporter: ” Because the rise and fall of the underlying assets are the same, in fact, for the fund The operation has no effect. “
In fact, many public equity institutions generally believe that the experience of mature foreign markets shows that technology stocks are more suitable for indexed investing. Because most of the companies listed on the Sci-Tech Innovation Board tend to be “hard tech” and the industry has a high technical threshold, it is not easy for most common investors to understand. The risk of participating in the Sci-Tech Innovation Board through individual actions is higher. Through indexing, the purchase of the corresponding ETF can diversify the risks and fully enjoy the overall dividends of the Sci-tech Innovation Board.
Will it activate financing?
Before the first batch of Kechuang 50ETF products was “launched”, funds had already eagerly sought them out. Looking back at the issuance of these 4 products, on September 22, 2020, the first batch of Kechuang 50ETF products was officially launched, and the issuance period is only one day.
The “Securities Daily” reporter observed that the total single-day subscription scale of the four products during the issuance period reached at least 104.2 billion yuan, while the final confirmed amount was only 20.971 billion. yuan, and the average placement rate was only about 20%.
So after today’s first batch of 4 50ETF sci-tech is listed and traded, will they trigger the fundraiser again? Liu Jun, the fund manager of the Huatai Bridge Science and Technology Innovation Board ETF, analyzed a Securities Daily reporter: “From the perspective of 4 product issuance, the science innovation board ETF and technology finally adopted a proportional placement method. Many investors have not fully confirmed. Your subscribed participation. After a great deal of investor education and road shows prior to issuance, many investors have realized the importance of investing in technological innovation. The Sci-tech Innovation Board ETF has also lowered the threshold for investors to participate in the Sci-Tech Innovation Board. I think it will attract some investors to buy after the listing. “
As a flagship fund product that has received a lot of market attention, many investors believe that the current valuation of the science and technology innovation board is relatively high. For investors, is this time a good time to invest in science and technology ETFs? Liu Jun, ETF Fund Manager of the Huatai Bairui Science and Technology Innovation Board, analyzed to a Securities Daily reporter that the future global technology competition is a competition for talent and technology capital. China’s basic capital market system continues to improve, providing high-tech talent. An appropriate incentive mechanism is expected to play the pioneering and leading role in the technological revolution and industrial transformation, and to maximize the distribution of the dividends of technological progress and the development of the times. Therefore, from a medium to long-term perspective, investing in companies listed on the science and technology innovation board at the present time is undoubtedly one of the best investment options in the world.
“We believe that it is unreasonable to use traditional valuation methods to value science and technology innovation board companies. From an investment perspective, more attention should be paid to the technology itself, that is, the management team and the A company’s core technical staff. Academic or industrial background, industry prospects, the company’s relative position in the industry, the probability of research and development of the company’s key core technology, and the market space after an investigation and successful development. As long as the company has strong technology research and development capabilities after analysis, and After successful research and development, there may be very strong downstream demand, so the current financial indicators of this company do not they have a lot of benchmark value, “Liu Jun said.
