SSE 50 Index is compiled by Shanghai Stock Exchange. The index is abbreviated as SSE 50 with the code of 5 10050. The base date is 65438+February 3, 20031,and the base point is 1000. It was officially released on June 2, 2004 and listed on the Shanghai Stock Exchange.
The investment goal of SSE 50ETF is to closely track SSE 50 index and minimize tracking deviation and tracking error. The Fund adopts a passive investment strategy, and the specific investment method of the tracking index is mainly to completely copy, in order to pursue the risk-return characteristics similar to those of the SSE 50 Index.
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The influence of 50 constituent stocks on the index is unevenly distributed. The top ten influential stocks are: China Unicom, Changjiang Power, China Merchants Bank, baoshan iron & steel, China Petrochemical, Minsheng Bank, Shanghai Pudong Development Bank, Shanghai Airport, Sichuan Changhong, and Shanghai Automobile. The influence of these 10 companies on the index reached 50.55%.
When there is a big deviation between the market price of SSE 50ETF and the net value of fund shares, investors can use the subscription and redemption mechanism for arbitrage trading. For example, when the market price of SSE 50ETF is higher than the net value of fund shares, the arbitrage operation method is: "buy SSE 50ETF fund shares-sell fund shares in the secondary market-buy fund stock baskets".
Arbitrage income is approximately equal to "(the secondary market price of the fund-the net value of the fund unit) × the number of fund shares-the transaction cost of buying fund shares and selling stock baskets".
Baidu encyclopedia -50ETF