At present, there are many fund products on the market, but the names of some funds are not easy to understand, such as the on-site fund such as Bank TH. Do you know what this means?

What does bank TH mean?

Bank TH refers to Tian Hong Securities Bank ETF, which is an index fund issued by Tian Hong Fund to track the China Securities Bank Index. The so-called ETF is a transactional open-end fund. This kind of fund tracks the stock index by copying the composition of the stock index, thus building a portfolio.

So what is the CSI Bank Index? The CSI Bank Index selects the banking industry stocks in the CSI sample stocks to reflect the overall performance of the banking industry stocks. CSI refers to CSI refers to CSI, which is divided into 10 first-level industries, 26 second-level industries, more than 70 third-level industries and 100 fourth-level industries according to CSI industry classification, thus providing investors with more diversified investment targets.