For index funds in the medical industry, some index funds track the CSI Medical Index, while others track the CSI Medical Index. The names of the two are similar, but they are actually two different indexes. So what is the difference between CSI Medical and CSI Medical?
what's the difference between CSI and CSI?
CSI Pharmaceutical Index selects constituent stocks from CSI 8 Index, and the constituent stocks are composed of the stocks of the medical and health industry in the sample stocks of CSI 8 Index; The CSI Medical Index selects constituent stocks from the Shanghai and Shenzhen stock markets, and the constituent stocks are the stocks of listed companies in the Shanghai and Shenzhen stock markets whose business involves medical devices, medical services, medical informatization and other medical topics. It can be seen that as far as the sources of constituent stocks are concerned, the sources of CSI medical index are more extensive.
the index funds corresponding to CSI Medicine and CSI Medical are Huitianfu CSI Medical and Health ETF(159929) and
Huabao CSI Medical ETF(51217) respectively. The trends of the two are close in the long run, but there are some differences in the short run.