On February 7, it was reported that the announcement data showed that the Southern SSE Science and Technology Innovation Board Composite ETF (589660) under China Southern Asset Management will be publicly offered from February 17, 2025 to February 21, 2025. The investment type of CSE STAR Market Composite ETF is a replication index fund, with a management fee of 0.15% per annum and a custody fee of 0.05% per annum.
The investment objective of CSE STAR Market Composite ETF is to closely track the underlying index and pursue tracking difference and tracking error minimization.
The
proportion of the investment portfolio of CSE SSE STAR Market Composite ETF is as follows: after the completion of the position, the proportion of the Fund's assets invested in the constituent stocks of the underlying index and alternative constituent stocks shall not be less than 90% of the fund's net asset value, and not less than 80% of the non-cash fund assets. At the end of each trading day, after deducting the trading margin required for financial derivatives contracts, the Fund shall maintain cash not less than one time of the trading margin, of which cash does not include settlement reserves, deposit margins, subscription receivables, etc. If laws, regulations or regulatory authorities change the investment ratio limit of investment products, the fund manager may adjust the investment ratio of the above-mentioned investment products after performing appropriate procedures.
The CSE Science and Technology Innovation Board Composite ETF tracks the STAR Market Composite Index (000680), with a rolling P/E ratio of 52.45 times, which is at the 100% quantile in the past 10 years; The price-to-book ratio is 3.85 times, which is at the 100% percentile in the past 10 years; The dividend yield is 0.89%.
The weights of the top 10 ingredients are as follows:
| Code | Abbreviation | Stock price (yuan). | Weights | Shenwan first-class industry | Shenwan secondary industry |
|---|---|---|---|---|---|
| 688041 | Haiguang information | 142.77 | 4.91% | Electronics | Semiconductors |
| 688256 | Cambrian | 602.38 | 3.94% | Electronics | Semiconductors |
| 688981 | SMIC | 104.38 | 3.08% | Electronics | Semiconductors |
| 688111 | Kingsoft Office | 375.62 | 2.4% | Computers | Software development |
| 688036 | Transsion Holdings | 110.5 | 1.89% | Electronics | Consumer electronics |
| 688012 | AMEC | 194.32 | 1.85% | Electronics | Semiconductors |
| 688271 | United Imaging Healthcare | 120.02 | 1.69% | Pharmaceutical biology | Medical devices |
| 688008 | Montage Technology | 73.76 | 1.28% | Electronics | Semiconductors |
| 688506 | Baili Tianheng | 179.41 | 1.28% | Pharmaceutical biology | Chemical Pharmaceuticals |
| 688223 | JinkoSolar | 6.54 | 1.01% | Electrical equipment | Photovoltaic equipment |
The proposed fund managers of the CSE Science and Technology Innovation Board Composite ETF are Yang Kaining and Pan Shuiyang. Kaining Yang holds a master's degree in financial mathematics from Johns Hopkins University. He joined China Southern Asset Management in February 2018 and has served as a researcher in the index investment department and an assistant manager of several funds. He is currently the fund manager of the CSI CSI CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index Initiator, CSOP SSE 180 ETF and CSOP SSE 180ETF Initiator. His main experience covers from researcher to assistant fund manager, and then to the current manager of several funds, working in China Southern Asset Management, and gradually developing in the field of index investment. Pan Shuiyang, Ph.D. in Finance from Peking University, has fund qualifications. He used to work as a system researcher at Shenzhen Mindray Biomedical. He joined China Southern Asset Management in July 2017 and served as a quantitative researcher, strategy researcher, and index investment department researcher, and served as an investment manager from June 4, 2021 to March 7, 2024. Since March 7, 2024, he has served as the fund manager of CSI All-Index Computer ETF, and has subsequently held a number of fund manager positions, such as the fund manager of CSI Robot Index Initiator Fund and many other positions.
Up to now, Yang Kaining has managed 3 funds, of which 1 fund has lost money during his tenure, with a maximum loss of 3.4%.
Since November 4, 2024, Yang Kaining has managed the CSI CSI CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index to launch product A, with a tenure return of 4.69%, the average of the same category of -2.28%, and an industry ranking of 535/4007.
Since December 30, 2024, Yang Kaining has managed the CSE 180 ETF product, with a tenure return of -3.40%, a peer average of -3.18%, and an industry ranking of 2615/4329.
Since January 20, 2025, Yang Kaining has managed the CSI SSE 180 ETF to launch the Feeder A product, with a tenure return of 0.03%, an average of -0.03% for the same category, and an industry ranking of 1517/4385.
Historical performance
| Product name | Type | Duration of tenure | Tenure returns | Like-for-like average | Industry rankings | Profit and loss amount (RMB). | Management fee (RMB). |
|---|---|---|---|---|---|---|---|
| CSI CSI CSI Gold Industry Index Initiation A | Equity funds | 20241104 - to date | 4.69% | -2.28% | 535/4007 | -- | -- |
| CSOP SSE 180 ETF | Equity funds | 20241230 - to date | -3.40% | -3.18% | 2615/4329 | -- | -- |
| CSOP SSE 180 ETF launched Connect A | Equity funds | 20250120 - to date | 0.03% | -0.03% | 1517/4385 | -- | -- |
Risk Warning: The market is risky, and investment needs to be cautious. This article is automatically released by the AI model, and any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and does not constitute personal investment advice. The MACD golden cross signal is formed, and these stocks are rising well!
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