What does industry index fund mean?
As the name implies, the industry index fund is an index fund, which is a fund product with passive investment management based on tracking an industry index.
The tracking index of this fund is an index of a certain industry, which only reflects the situation of this industry. For example, there are CSRC industry classification, Shenwan industry classification, GICS classification and so on. And the method of compiling the index is different, so even if you track the same industry, the performance of the fund will be different.
Representative indexes: including financial real estate, medicine and health, food and beverage, non-ferrous metals, energy, information technology, etc.
Development prospect:
There is still a lack of industry index funds in the domestic market, and SDIC UBS's first industry index fund in China will fill this gap. Moreover, through the rapid development in recent years, a number of large-scale listed companies such as finance, real estate, energy and raw materials have been formed in the domestic securities market, and the feasibility and necessity of developing industry index funds in China are further revealed. By investing in industry index funds, investors can share the industry growth opportunities driven by domestic economic development, and domestic industry index funds are also expected to form a new round of development boom.
What industry index funds are there?