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What are the semiconductor funds?
There are three funds in the market that specialize in tracking semiconductors:

1, China semiconductor (99000 1. CSI)

China Trading Services Semiconductor Industry Index is a stock price index, which aims to track the stock price performance of listed companies in the semiconductor industry in China A-share market. The business scope of related companies covers semiconductor materials, equipment, design, manufacturing, packaging and testing.

It is worth noting that since the Shanghai and Shenzhen Stock Exchanges closed on March 6, 2020, the index code of China Trading Service Semiconductor Industry Index (China Semiconductor) was changed from CESCSC to 99000 1, and other information remained unchanged.

There are 50 constituent stocks in China Trading Services Semiconductor Industry Index, among which the top ten heavyweights account for 55.92%.

Top ten heavyweights:

Source: China Securities Index Corporation (as of May 8, 2020)

2. CSI Quan Zhi Semiconductor (H30 184. CSI)

CSI Semiconductor Products and Equipment Index refers to the semiconductor products and equipment industry stocks in CSI sample stocks to reflect the overall performance of the stocks in this industry.

There are 32 components in the index of semiconductor products and equipment, and the top ten heavyweights account for 69. 14%.

Top ten heavyweights:

Source: China Securities Index Corporation (as of May 8, 2020)

3. Zheng Guo Chip (9800 17. CNI)

Zheng Guo Chip aims to reflect the market value performance of listed companies related to the chip industry in the A-share market. The sample is the companies with an average daily turnover rate of 80% and the top 25 daily market value in the last six months.

There are 25 components of CSI Semiconductor Chip Index, with the top ten heavyweights accounting for 72.80%.

Top ten heavyweights:

Source: China Securities Index Corporation (as of May 8, 2020)

From the comparison of the above three indexes, it can be seen that the main difference lies in the number of constituent stocks. China's trading service semiconductor industry index is the largest, followed by the CSI index of semiconductor products and equipment, and the CSI semiconductor chip index has the least number of components.

Judging from the top ten heavyweights, the overlapping rate of constituent stocks is relatively high, with the CSI semiconductor chip index being the highest, the CSI semiconductor products and equipment index being the second, and the CSI trading service semiconductor industry index being the lowest.

From the perspective of equity concentration, CSIC has the highest concentration, with only 25 constituent stocks. Secondly, CSI refers to semiconductors, with the lowest concentration in China.