Changsheng CSI 100 index fund not only has the characteristics of index fund, but also has some special advantages.
1, authoritative target index
The CSI 100 Index tracked by Changsheng CSI 100 Index Fund is the authoritative index launched by CSI Index Co., Ltd., and the underlying stocks are all selected from the Shanghai and Shenzhen 300. The index spans the Shenzhen and Shanghai markets, and the CSI Index Expert Committee composed of authoritative experts at home and abroad is responsible for studying and determining the compilation rules and adjustment procedures of the CSI 100 index, which is also an alternative index for future stock index futures products.
2. CSI 100 index brings together hundreds of high-quality blue-chip listed companies in China.
In essence, investment index funds include the portfolio of listed companies in the diversified investment target index, and the quality of the constituent stocks included in the index is the focus of index fund investors. The constituent stocks of CSI 100 index almost include the leading listed companies in various industries. Listed companies have standardized governance structure, strict internal management and good market representation. 100 stocks account for only 7% of the listed stocks in Shanghai and Shenzhen stock markets, but their total market value has reached 2 19 trillion yuan, accounting for 47% of the Shanghai and Shenzhen stock markets, and their circulating market value is 0.523 trillion yuan, accounting for 36% of the Shanghai and Shenzhen stock markets. The average daily turnover of CSI 100 index stocks in the last year was 7.2 billion yuan, accounting for 40% of the total turnover in Shanghai and Shenzhen stock markets. According to the annual report of listed companies in 2005, the net profit of sample stocks of CSI 100 index in 2005 was140.8 billion yuan, accounting for 68% of the total net profit of listed companies in Shanghai and Shenzhen stock markets (Figure 2). The weighted average earnings per share of sample stocks of CSI 100 index are 0.40 yuan respectively, which is 82% higher than the average level of listed companies in Shanghai and Shenzhen stock markets. In 2005, the total dividends of CSI 100 index were 61400 million yuan respectively, accounting for 64% of the total dividends of A-share listed companies in Shanghai and Shenzhen stock markets (Figure 3). In addition, according to the statistics of fund quarterly report on March 3, 2006, there are 18 1 stock funds in the fund market, and the assets of the top ten awkward stocks are about 90 billion yuan, of which the total assets invested in CSI 100 constituent stocks reach 67.2 billion yuan.