Important targets of the H-share index are: CCB, ICBC, BOC, Ping An, Petrochemical, Life Insurance, Petroleum, Agricultural Bank of China, Pacific Insurance, China Merchants Bank, Property Insurance and Telecom (over 2%, accounting for 67% of the total).
The important differences are:
The H-share index is basically a bet on China's finance and real estate, which is closely related to the overall macro-economy. At present, the overall pb of banks is around 0.6, and other categories are much cheaper than A shares, but banks are overvalued. Cheap price is the last word. Indeed, many people choose the H-share index.
In addition to homogeneous finance, real estate and oil, Hang Seng Index also includes Tencent, HSBC, AIA, China Mobile, Changhe, Hong Kong Stock Exchange, Cheung Kong Industries and Sun Hung Kai. Its importance and growth are self-evident. HSBC's business covers 82 countries and has a good dispersion.
Extended data:
Investment strategy:
The Fund mainly adopts the combination replication strategy and appropriate substitution strategy to closely track the underlying index. At the same time, the Fund can lend securities appropriately to better achieve the investment objectives of the Fund.
(A) combined replication strategy
The Fund mainly adopts the complete copy method for investment, that is, it constructs the stock portfolio with reference to the composition and weight of the constituent stocks in hang seng china enterprises index, and makes corresponding adjustments to the stock portfolio according to the changes of the composition and weight of the constituent stocks in hang seng china enterprises index.
(b) Alternative strategies
When the market liquidity is insufficient, laws and regulations stipulate that the Fund cannot invest in related party stocks. So that the fund cannot be combined according to the composition and weight of the index, and the fund manager will replace it by investing in other constituent stocks, non-constituent stocks and derivatives of constituent stocks.
Baidu Encyclopedia-E Fund Hang Seng China Enterprise Trading Open Index Securities Investment Fund