For fund products, we usually define index funds that track the market as broad-based index funds, and fund products that track individual industries as ordinary index funds, sometimes called family index funds. Regarding your question, I will answer it in detail from the following points.
What fund is 1.3994 17?
3994 17 is the code of a fund product. The full name of the fund product is Guo Fu CSI New Energy Automobile Index Fund. Just like the name, the main function of this machine product is to track the index of new energy vehicles, and you can also understand it as an index fund to track the market of new energy sectors. There are many kinds of index funds. We usually talk about index funds that track the CSI 300 and CSI 500, but rarely mention index funds that track individual industries.
Second, this product is not a broad-based index fund.
As I said above, broad-based index funds are generally used to track the CSI 300 and CSI 500. Because the investment of such fund products is not difficult and the audience is relatively wide, almost every fund company will launch such index funds. 3994 17 has a special nature and is only used to track the new energy sector. For small partners who are optimistic about the new energy sector, many people will give priority to this fund product.
Third, 3994 17 is more suitable for small partners who are optimistic about the new energy sector.
Because this product is only used to track the stocks of the new energy sector, if you are very optimistic about the development of new energy and don't know which stocks to hold, you can choose to hold this fund product. For investors, this investment method can further avoid risks, and at the same time, it can also allow us to enjoy the market of new energy sector in the process of investment. 3994 17 is a relatively new fund product, which I personally haven't held yet, and I may continue to wait and see in the future.