New Product to fill market gap strategy innovation-Galaxy Securities Wang Qun Airlines and the current market, some of the characteristics of the index, compared with the industry indices, the Shanghai Composite Index has the widest coverage and the most "balanced", which can reflect the overall situation of the stock market, and can better refract the Chinese securities market Development status of the main body. The forthcoming Shanghai Composite Index fund has filled the gap in the number of indices funds that have not been directly linked to the Shanghai Composite, and the product features are clear. The Shanghai Composite Index fund will, in principle, adopt a sampling method with emphasis and stratified sampling, in order to realize the effective tracking of benchmark index, the daily average tracking error between the growth rate of net fund and the benchmark of performance is less than 0.35%, and the annual tracking error is less than 6%. The Shanghai Composite Index fund has many distinct characteristics, mainly in the following aspects. First, the tracking index of the highest visibility. Since the Chinese stock market has tasted the Shanghai Stock Exchange, there is the SSE Composite index. The Shanghai Composite Index is undoubtedly the highest-profile figure in the current Chinese securities market. Shanghai Composite Index selected and brought together the most representative of China's advanced productivity of enterprises, can represent the growth of China's economy and capital markets, one of the most direct and most convenient index vane. For a long time, many investors have been questioning the growing number of different index funds in the market: When will there be a fund directly linked to the Shanghai Composite Index? The Fund's new fund has filled a gap in the market. Second, the widest coverage. Compared with some characteristic indices and industry indices already existing in the market, the Shanghai Composite Index has the widest coverage and the most "balanced", which can reflect the overall situation of the stock market in the most accurate way, and can refract the development status of the main body of the securities market in China. For example, the market capitalisation of Shanghai shares and the total market value in China's securities market accounted for 71.49% and 78.64% respectively; the proportion of the financial insurance industry is 19.1%, and the ratio of the financial insurance industry is 180 in the Shanghai and Shenzhen 300 index, Shanghai 50 Index and Shanghai 28.6% Index. , 36.91% and 52.24%, all have different degrees of "deviation" phenomenon. Third, the investment strategy has been innovated. The Shanghai Composite Index fund will, in principle, adopt a sampling method with emphasis and stratified sampling, carries on the exponential investment with the small enhancement characteristic, through the strict investment discipline restraint and the quantification risk management means, comprehensively considers the stock market capitalization scale, the fluidity, the profession representative and the sampling combination and the Shanghai Composite Index correlation, The main choice is to build the stock portfolio of the fund in most of the stock exchange, and according to the optimization model to determine the weight of the investment portfolio, and strive to control the growth rate of net worth and performance comparison benchmark between the daily average tracking error less than 0.35%, and the annual tracking error less than 6%, in realEffective tracking of the benchmark index is now available. The index fund belongs to the category of stock fund and has higher investment risk, so it is mainly suitable for the customers with higher risk bearing ability. Specifically, the Shanghai Composite Index fund is more suitable for the following two categories of customers. A relatively long-term holder. Investors with relatively long term holdings can take the Shanghai Composite Index fund as an integral part of their asset allocation, or even core asset allocation. The Shanghai Composite Index fund has tracked most of the fund's assets using a "key sampling" approach, some of the assets through the "stratified sampling" this limited initiative investment, the pursuit of a certain extent to effectively control the fund tracking deviation and tracking errors, is a large number of investors in the field of asset allocation is a good alternative object. Ii. short-term speculators. The investors who aim at the band investment can take the Shanghai Composite Index fund as one of the wide-band investment instruments. The Shanghai Composite Index can fully reflect the overall performance of the Shanghai A-share market, and through the Shanghai Composite Index fund, it can quickly establish a portfolio reflecting the overall trend of Shanghai stock market, which is very suitable for investors with band investment as the target. According to the judgment of the short-term trend of the market, the investors can carry out the band operation through the timing purchase and redemption of the index fund and avoid the related risks in time.
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