The first heavyweight index fund of 2025 is coming, with 12 leading public funds competing for the first batch of Sci-Tech Innovation Comprehensive Index ETFs

Wallstreetcn
2025.01.22 11:50
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On January 20, 2025, the Shanghai Stock Exchange Science and Technology Innovation Board Composite Index will be officially released, aimed at reflecting the performance of securities listed on the Science and Technology Innovation Board. Immediately following, on January 22, the first batch of Science and Technology Innovation Composite Index ETFs was approved, managed by 12 fund companies, including China Asset Management. The Science and Technology Innovation Composite Index has a broad coverage, with a market capitalization coverage of nearly 97%, mainly concentrated in industries such as semiconductors and power equipment, providing investors with diversified investment tools. Investment should be cautious, as the market carries risks

After explosive growth in index funds in 2024, the first major broad-based index for 2025 is once again approaching.

On January 8, the Shanghai Stock Exchange and China Securities Index Co., Ltd. announced that in order to comprehensively reflect the performance of securities listed on the Sci-Tech Innovation Board and facilitate investors in observing the overall returns of the Sci-Tech Innovation Board, the Shanghai Composite Sci-Tech Innovation Board Comprehensive Index and its price index will be officially released on January 20, 2025, providing the market with multi-dimensional performance benchmarks and investment targets.

Following this, on January 22, the first batch of approvals for Sci-Tech Comprehensive Index ETFs will be issued.

The managers of the first batch of Sci-Tech Comprehensive Index ETFs include 12 fund companies such as E Fund, Huaxia Fund, Huatai-PB, Tianhong Fund, and Fortune Fund.

Among them, Fortune Fund, Invesco Great Wall, and ICBC Credit Suisse have been approved for the Sci-Tech Board Comprehensive Price ETF.

Tianhong Fund introduced that compared to existing broad-based indices of the Sci-Tech Board, the Sci-Tech Comprehensive Index has a broader coverage and better representation, providing investors with a new tool to package the Sci-Tech Board in one click.

According to the Shanghai Stock Exchange, the Sci-Tech Comprehensive Index is positioned as a comprehensive index, with a market capitalization coverage of nearly 97%, mainly serving the function of representing the overall Sci-Tech Board market, with a daily price fluctuation limit of 20%.

From the perspective of market capitalization distribution, the Sci-Tech Comprehensive Index includes various types of securities from large, medium, and small caps, with the average and median total market capitalization of the samples being 11.3 billion yuan and 5.1 billion yuan, respectively, which is basically consistent with the entire Sci-Tech Board market.

From the industry distribution perspective, it focuses on hard technology and new productive forces, with a relatively balanced overall distribution. The number and weight of industries such as semiconductors, electrical equipment, machinery manufacturing, and pharmaceuticals are relatively high, with the semiconductor weight at 38%.

Jin Zeyu, fund manager of the quantitative investment department at Fortune Fund, stated that the Sci-Tech Comprehensive Index is composed of securities from Sci-Tech Board listed companies that meet the criteria set by the Shanghai Stock Exchange, with one of its main features being its broad representativeness of the Sci-Tech Board. Investors can access companies at different growth stages and in different technology fields through funds that track this index, serving as an important supplement to the existing Sci-Tech Board indices in the current market.

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