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Why were there many funds with the same name before the listing of CSI 500?

The CSI 500 Index is one of the indices developed by China Securities Index Co., Ltd. The stocks in its sample space are the top 300 stocks after deducting the Shanghai and Shenzhen 300 Index sample stocks and the average daily total market value in the past year. The remaining stocks are based on

The average daily trading volume in the past year (new stocks since listing) is ranked from high to low, the bottom 20% of the stocks are eliminated, and then the remaining stocks are ranked according to the daily average total market value from high to low, and the top 500 stocks are selected.

The stocks are included as sample stocks of the CSI 500 Index.

The CSI 500 Index comprehensively reflects the overall status of small-capitalization companies in the Shanghai and Shenzhen securities markets.

In order to enrich the fund product line, major funds have issued related index funds based on this tracking target.