The first batch of science and technology 50ETF listed and traded
The sci-tech innovation board investment threshold "greatly drops" to 100 yuan
Our reporter Sun Jie
Even if there is no trading authority on the Sci-tech Innovation Board, ordinary investors can indirectly participate in the investment on the Sci-Tech Innovation Board just like buying and selling stocks in the secondary market.
Yesterday, the first batch of 4 Kechuang 50ETFs was officially listed on the Shanghai Stock Exchange.
This means that the era of indexed investment on the Sci-tech Innovation Board has officially begun.
On the first day, all 4 sci-tech 50 ETFs realized gains.
The funding threshold was reduced from 500,000 yuan to 100 yuan
On September 22 this year, when the first batch of Science and Technology 50 ETFs went on sale, they were once favored by funds.
Four sci-tech 50 ETFs, including Huaxia, E Fund, Huatai Bai Rui and ICBC Credit Suisse, have received nearly 100 billion yuan in funds.
Four funds were officially listed yesterday, reigniting market sentiment.
In the early trading, the Huaxia Science and Technology 50ETF rose 8%, E Funda Science and Technology 50 ETF rose 4.9%, Huatai Bai Rui Science and Technology 50 ETF rose 4%, ICBC Credit Suisse 50 ETF rose 4.2%.
However, the gains of the four funds subsequently fell.
As of the close, the 4 sci-tech 50ETFs all rose, of which the 50 ETF on the China Sci-tech Innovation Board had the largest increase, reaching 1.81%, with a turnover of 2.119 billion yuan throughout the day, and the other three ETFs also had transactions exceeding 500 million yuan.
The four STAR ETFs had a total turnover of 4.556 billion yuan on the first day.
As a new sector of A-shares, the Sci-tech Innovation Board has received special attention since its inception.
However, there are currently strict conditions for investors to directly participate in sci-tech innovation board investment, including a capital threshold of 500,000 yuan, and more than 2 years (including 2 years) of securities market trading experience, which keeps many small and medium investors out of the door .
The listing of Kechuang 50ETF indirectly lowered the investment threshold.
In other words, investors can purchase and redeem or buy and sell ETFs directly in the secondary market.
Taking the first-day price of the first batch of Science and Technology 50 ETFs as an example, the price of buying a lot of related ETFs is about 100 yuan.
Diversify risks and share scientific innovation dividends
ETF is short for trading open-end index fund. Investors buying an ETF is equivalent to buying an index tracked by the fund.
For the investment in the science and technology innovation board, in addition to allowing investors to qualify for indirect participation, there is a more important point-because ETFs track indexes, not individual stocks, this diversified investment method also plays a role. The role of risk diversification.
As the industry structure is still undergoing tremendous changes, sci-tech innovation board companies are facing fierce survival of the fittest, and there is greater uncertainty in investing in individual stocks.
And index investment through ETF on the Sci-tech Innovation Board can greatly reduce risks.
In terms of tracking index, the Science and Technology 50 Index tracked by the Science and Technology 50ETF is currently the most important index that characterizes the trend of the Science and Technology Innovation Board. This index is the first index on the Science and Technology Innovation Board issued by the Shanghai Stock Exchange and the China Securities Index. The board consists of 50 securities with large market capitalization and good liquidity, reflecting the overall performance of the most representative batch of science and technology enterprises in the market, and a 3-month regular adjustment mechanism is set up.
The industry believes that this can ensure the representativeness of the index.
In other words, as long as my country's science and innovation industry continues to develop, the science and innovation board ETF can maintain long-term net value growth.
The benchmark date of the Science and Technology 50 Index is December 31, 2019.
As of the close of last week, the Science and Technology 50 Index this year has risen 43.69%, which is second only to the performance of the ChiNext Index in the same period among the major indexes.
Investment still has to consider risk first
At present, my country's economy is in a critical period of transformation from factor-driven to innovation-driven. The Sci-tech Innovation Board is positioned to face the frontiers of world technology, the main economic battlefield, and the country's major needs. Since its establishment, it has shouldered the mission of leading economic development to innovation-driven transformation. .
As the first on-site stock trading market with a pilot registration system, the Sci-tech Innovation Board focuses on the "hard technology" field and provides investment opportunities for scarce targets in this field.
According to data from the Shanghai Stock Exchange, as of November 16, there were 195 listed companies on the Science and Technology Innovation Board with a total market value of 3,105.168 billion yuan.
The Science and Technology Innovation Board 50 Index tracked by the Science and Technology 50 ETF is "select the best among the best", gathering 50 leading science and technology companies, and the long-term investment value is highly anticipated.
Relevant data shows that the 50 companies corresponding to the constituent stocks of the Science and Technology 50 Index accounted for more than 60% of the overall profit in 2019.
It is precisely because index funds have both the characteristics of stocks and funds, and they can also be directly traded in the secondary market like stocks. The industry believes that the listing of the first batch of Science and Technology 50 ETFs means that investors can easily "a basket" on the market. Track and invest in the core assets of the Sci-tech Innovation Board.
Regarding the valuation status of the Sci-tech Innovation Board, which investors are generally concerned about, Cheng Xi, the fund manager of E Fund, believes that since August, the Sci-tech Innovation Board has continued to pull back. The median PE of the current sector is about 5.8 times and the P/E ratio is about 70 times.
"Combined with the life cycle of the Sci-tech Innovation Board company and the overall positioning of the sector, the medium and long-term track and space are the key." He suggested that investors should firmly grasp the "track, scarcity, and focus when selecting stocks on the Sci-tech Innovation Board." "Three elements, select high-quality targets with ample room for growth, scarcity, and high market attention.
However, it is still not possible to completely avoid risks through indexed investment on the Sci-tech Innovation Board. Industry insiders remind that investors still need to consider risk as the primary consideration for investment.