8 Beijing Stock Exchange themed funds sold out in half a day
On November 19, the first batch of 8 Beijing Stock Exchange theme funds was officially put on sale.
On the same day, after the subscription scale of the Beijing Stock Exchange themed funds under China Xia, Guangfa, Huitianfu, E Fund, and Dacheng exceeded the upper limit of 500 million yuan, the Southern Beijing Stock Exchange selected two-year fixed-term opening, and the Wanjia Beijing Stock Exchange Huixuan two-year fixed The opening and the Harvest Beijing Stock Exchange will be selected for two years, and the three products have also exceeded the 500 million yuan raising limit.
So far, the first batch of 8 Beijing Stock Exchange themed funds have all achieved over-raising and will be allocated proportionately.
Based on the situation of various products, the first batch of Beijing Stock Exchange themed public funds all adopt a two-year regular open operation method.
Among them, the Beijing Stock Exchange Funds under China Southern and China Southern take the form of sponsored funds.
The proportion of investment in the securities assets of the Beijing Stock Exchange during the closed period is not less than 80% of the non-cash fund assets, and it can participate in the strategic placement of the stocks listed on the Beijing Stock Exchange, or through new listings, fixed increments, and secondary market transactions. This way of participating in the investment of the Beijing Stock Exchange will help bring incremental long-term funds to the Beijing Stock Exchange.
Yang Jun, Fund Manager of E Fund’s Fundamental Index Enhancement Department, said that individual investors can currently "Nugget" the Beijing Stock Exchange in two ways: one is to participate in Beijing Stock Exchange transactions and new listings, and the other is to use the Beijing Stock Exchange's theme public funds .
Participating in Beijing Stock Exchange stock trading and launching new listings does not require low capital thresholds.
At the same time, compared with the Shanghai and Shenzhen Stock Exchanges, companies listed on the Beijing Stock Exchange are "earlier, smaller and newer", and their requirements for stock selection and research capabilities will be correspondingly higher. The 30% limit on price fluctuations also makes the market volatile. It could be bigger.
For ordinary investors, in the case of matching risk tolerance, it may be a relatively better way to use the Beijing Stock Exchange's theme public offering fund for layout.
Small and medium-sized investors can break through the capital threshold and other restrictions, participate in investing in companies listed on the Beijing Stock Exchange, and share the growth dividends of small and medium-sized enterprises in the high-end manufacturing field of technological innovation.
Gu Xinfeng, the proposed fund manager for the selection of innovative small and medium-sized enterprises of China North Exchange for two years, believes that the companies listed on the North Exchange have the characteristics of small size and early development stage.
The Beijing Stock Exchange provides SMEs with direct listing channels and the opportunity to apply for transfer. This feature allows investors to invest in high-quality targets in advance.
The stocks of the Beijing Stock Exchange have strong growth. Investment can not only earn money for the growth of the Beijing Stock Exchange, but also capture investment opportunities in the future after the transfer.
The companies listed on the Beijing Stock Exchange have a wide range of industries. These companies are mainly concentrated in emerging growth industries, such as the new energy industry chain, photovoltaics, military industry, TMT, and high-precision manufacturing.
Investors are not recommended to make thematic investments and track investments in Beijing Jiaotong. Fundamental investments are recommended. Investors need to observe the phenomenon of capital chasing popular sectors with patience and cautious participation.
As public funds enter the market one after another, the fund's opening of positions in the Beijing Stock Exchange will bring incremental capital, so the stock liquidity of the Beijing Stock Exchange will gradually improve.
Since the first batch of Beijing Stock Exchange theme funds have a two-year closed period, they do not need to deal with daily purchase and redemption, which is conducive to value investment and long-term investment.
Text / reporter Zhu Kaiyun
related news
The second batch of public offering REITs will be on sale soon
Nearly five months after the first batch of 9 publicly offered REITs pilot products went on the market, the second batch of 2 publicly offered REITs products took the lead in "coming out".
Two publicly-raised REITs products approved recently are scheduled to be released on November 23, and are expected to be officially launched from November 26 to 29, and will be established as soon as December 6.
The China Yuexiu Expressway REITs jointly created by the top fund company China Asset Management, the top brokerage CITIC Securities and Yuexiu Group have attracted market attention.
REITs are derived from the abbreviation of Real Estate Investment Trusts, which are the securitization of underlying assets, and the fund holders share the proceeds according to the proportion of capital contribution, and jointly assume risks. Essentially, they are collective capital investment plans managed by professionals.
According to data, the underlying asset of Huaxia Yuexiu Expressway REITs is Hanxiao Expressway, located in Wuhan, Hubei.
The project is an important part of Fuyin Expressway (G70), and it connects Beijing-Hong Kong-Macao Expressway (G4) and Shanghai-Chengdu Expressway (G42) at the same time. It is a radioactive channel to the northwest of Wuhan and is adjacent to Wuhan Tianhe International Airport.
Industry analysts believe that expressway assets are franchise assets. Compared with parks and other property rights REITS, franchise assets have a significantly higher IRR and are relatively less affected by the market environment, macroeconomics and industrial policies. It is regarded as a high-quality choice for the underlying assets of public REITs.
The underlying assets of REITs generally have strong anti-inflation and value preservation functions.
REITs have long-term reliable and growing dividend income, and can also obtain capital gains income through the increase of their own value.
RETIs have a low correlation with other equity and bond products, which can improve portfolio risk-return characteristics, diversify risks, and optimize investment portfolios.
Text / reporter Zhu Kaiyun