Exponential investment-investment with clear rules and clear positions
Historical data in the United States proves that only about 20% of funds can beat the market (S & P 500). It is concluded that exponential investment should be made, and ETF is popular in the market with its unique advantages. "Exponential investment refers to investing in a variety of stocks (or bonds or futures) based on the weight of an index to form a portfolio investment that disperses investment risks ." What puzzles me is that there are a wide variety of indexes currently. Just CSI has launched a series of indexes, and recently launched the super index. At present, there are not many indexes, and the difference is obviously easy for investors to choose index investment (index-based funds). However, as the number of indexes increases, or the number of diversified indexes keeps increasing, there are also many index companies that use historical data to prove that their self-developed indexes are better than existing ones, such as Rafi fundamental indexes. Exponential investment is only a type of investment with clear rules and clear positions, or a combination of open options. Stock selection methods and weights are clearly determined. Exponential investment is full. It determines the three essential aspects of a portfolio, including the configuration of major asset categories, stock configurations, that is, positions, stock types, and individual stock weights. Or in the future, there will actually be similar foreign products that control stock positions based on a certain indicator. Investment with clear rules and clear positions should be a direction of investment development.
Appendix: CSI series index list
Index name |
Baseline date |
Reference Points |
Number of constituent stocks |
Pricing |
Profit quotations |
Scale Index |
Shanghai and Shenzhen 300 |
2004-12-31 |
1000.0 |
300 |
|
|
Medium certificate 100 |
2005-12-30 |
1000.0 |
100 |
|
|
Medium certificate 200 |
2004-12-31 |
1000.0 |
200 |
|
|
Medium certificate 500 |
2004-12-31 |
1000.0 |
500 |
|
|
Medium certificate 700 |
2004-12-31 |
1000.0 |
700 |
|
|
Medium certificate 800 |
2004-12-31 |
1000.0 |
800 |
|
|
Industry Index |
300 energy |
2004-12-31 |
1000.0 |
-- |
|
|
300 Materials |
2004-12-31 |
1000.0 |
-- |
|
|
Industry 300 |
2004-12-31 |
1000.0 |
-- |
|
|
300 optional |
2004-12-31 |
1000.0 |
-- |
|
|
300 consumption |
2004-12-31 |
1000.0 |
-- |
|
|
300 medicine |
2004-12-31 |
1000.0 |
-- |
|
|
Finance 300 |
2004-12-31 |
1000.0 |
-- |
|
|
300 Information |
2004-12-31 |
1000.0 |
-- |
|
|
China Telecom 300 |
2004-12-31 |
1000.0 |
-- |
|
|
300 public |
2004-12-31 |
1000.0 |
-- |
|
|
Style Index |
300 Growth |
2004-12-31 |
1000.0 |
-- |
|
|
300 value |
2004-12-31 |
1000.0 |
-- |
|
|
300r Growth |
2004-12-31 |
1000.0 |
-- |
|
|
300r Value |
2004-12-31 |
1000.0 |
-- |
|
|
Bond Index |
CSI full debt |
2002-12-31 |
100.0 |
-- |
|
|
CSI 3 Debt |
2002-12-31 |
100.0 |
-- |
|
|
CSI 7 debt |
2002-12-31 |
100.0 |
-- |
|
|
CSI 10 debt |
2002-12-31 |
100.0 |
-- |
|
|
CSI 10 + debt |
2002-12-31 |
100.0 |
-- |
|
|
CSI national debt |
2002-12-31 |
100.0 |
-- |
|
|
CSI Financial Bonds |
2002-12-31 |
100.0 |
-- |
|
|
CSI enterprise debt |
2002-12-31 |
100.0 |
-- |
|
|
CSI comprehensive debt |
2002-12-31 |
100.0 |
-- |
|
|
CSI 1 Debt |
2002-12-31 |
100.0 |
-- |
|
|
Central Bank ticket |
2002-12-31 |
100.0 |
-- |
|
|
Central Bank ticket 1 |
2002-12-31 |
100.0 |
-- |
|
|
Central Bank ticket (1-3) |
2002-12-31 |
100.0 |
-- |
|
|
Moderate certificate shortage |
2002-12-31 |
100.0 |
-- |
|
|
CSI short debt |
2002-12-31 |
100.0 |
-- |
|
|
Shanghai company debt |
2007-12-31 |
100.0 |
-- |
|
|
Shanghai separated debt |
2007-12-31 |
100.0 |
-- |
|
|
Theme Index |
Well-off Index |
2005-12-30 |
1000.0 |
30 |
|
|
CSI dividend |
2004-12-31 |
1000.0 |
100 |
|
|
Everbright sunshine |
2004-12-31 |
1000.0 |
100 |
|
|
CSI State-owned Enterprises |
2008-12-31 |
1000.0 |
-- |
|
|
State-owned enterprises 100 |
2008-12-31 |
1000.0 |
-- |
|
|
Fundamentals Index |
Fundamentals 50 |
2004-12-31 |
1000.0 |
-- |
|
|
Other Indexes |
Medium certificate Circulation |
2005-12-30 |
1000.0 |
-- |
|
|
Global Index |
Hong Kong 100 |
2004-12-31 |
1000.0 |
100 |
|
|
Hong Kong 100 h |
2004-12-31 |
1000.0 |
100 |
|
|
Non-Hong Kong Mainland |
2004-12-31 |
1000.0 |
-- |
|
|
Non-Hong Kong Mainland USD |
2004-12-31 |
1000.0 |
-- |
|
|
Mainland Hong Kong |
2004-12-31 |
1000.0 |
-- |
|
|
HKD in Hong Kong |
2004-12-31 |
1000.0 |
-- |
|
|
Overseas Mainland |
2004-12-31 |
1000.0 |
-- |
|
|
Overseas mainland USD |
2004-12-31 |
1000.0 |
-- |
|
|
Outside China |
2004-12-31 |
1000.0 |
-- |
|
|
Non-Overseas USD |
2004-12-31 |
1000.0 |
-- |
|
|
Non-Taiwan shares |
2004-12-31 |
1000.0 |
-- |
|
|
Non-Taiwan China Stock USD |
2004-12-31 |
1000.0 |
-- |
|
|
Fund index |
CSI Fund |
2002-12-31 |
1000.0 |
-- |
|
|
Stock fund |
2002-12-31 |
1000.0 |
-- |
|
|
Hybrid Fund |
2002-12-31 |
1000.0 |
-- |
|
|
Bond Fund |
2002-12-31 |
1000.0 |
-- |
|
|
ETF fund |
2005-12-30 |
1000.0 |
-- |
|
|
Monetary Fund |
2005-12-30 |
1000.0 |
-- |
|
|
QDII fund |
2007-12-31 |
1000.0 |
-- |
|
|
|