Second, Smart Beta ETF has become a black horse for investment. Smart Beta screens component stocks by certain rules or optimizes the allocation of component stocks to assume certain risks or portfolios to obtain returns beyond the traditional market. At present, there are altogether 314 Smart Beta index products distributed by 37 fund companies in China, including dividend, equal weight, fundamentals and multi-factor strategies, among which dividend strategy is dominant.
Data show that by the end of the first quarter, there were 15 Smart Beta ETFs with a scale of over 500 million yuan, of which ICBC Shenzhen Securities Dividend ETF and Link A ranked in the top 10 with a scale of 970 million yuan and 765 million yuan respectively. According to the data of Galaxy Securities, since June 6, this year, in the past two years, three years and five years, ICBC Shenzhen Securities Dividend ETF ranks first among the same kind of performance. Its cumulative returns in the past three years and five years are 52.83% and 158.09%, respectively, which highlights the smart attribute of Shenzhen Securities Dividend Index.
Third, regional theme ETF has become another highland of scale growth. Last year, Beijing-Tianjin-Hebei ETF and Hangzhou Bay ETF were established one after another. Since this year, Guangdong, Hong Kong and Macao Dawan District has attracted much attention. By the end of May, five fund companies, including ICBC Credit Suisse, Southern China and Huaxia, had reported intensively the ETF products with the theme of Guangdong, Hong Kong and Macao Dawan District. ICBC Credit Suisse, as the first batch of declaration companies, applied for innovative 100 ETF products for ICBC, Guangdong, Hong Kong and Macao Dawan District.
Source: Ren Hui_NBJ9607, Responsible Editor of China Securities Daily and China Securities Network