What is the national defense etf fund?
The full name of national defense etf is CSI open index securities investment fund, which is an index fund. The index it tracks is the CSI National Defense Index, which consists of a certain number of stocks of listed companies belonging to the top ten military industrial groups, and the National Defense etf tracks the trend of the CSI National Defense Index by copying its constituent stocks.
Specifically, the CSI National Defense Index selects no more than 50 stocks as sample stocks from listed companies affiliated to the top ten military industrial groups and related listed companies that provide weapons and equipment to the national army or have actual equipment sales amount or sign contracts with the army to reflect the trend of stocks of national defense companies.
The so-called ETF, which means transactional open index fund, is a fund that can be listed and traded on the exchange and purchased and redeemed. It mainly tracks the trend of the index by copying the constituent stocks of the index.