估值处于历史低位 配置性价比凸显 A500指数ETF（159351） 再获近1亿份净申购

Core Viewpoint - The A-shares market experienced a slight decline on May 27, with the Shanghai Composite Index closing at 3340.69 points, down 0.18%. The A500 Index ETF (159351) also saw a minor adjustment, closing down 0.62% [1]. Group 1: Market Performance - The A500 Index ETF (159351) had an active trading day with a total transaction volume of 2.466 billion yuan, ranking second among similar products in the market and first in the Shenzhen market [1]. - The turnover rate of the A500 Index ETF reached 17.07%, the highest among similar products with a scale of over 10 billion yuan [1]. - Despite the market's fluctuations, the A500 Index ETF attracted over 300 million yuan in net inflows over the past four trading days [1]. Group 2: Component Stocks - Notable stocks that performed well include Penghui Energy, which hit the daily limit, and Beida Pharmaceutical, China Great Wall, and Junshi Biosciences, all of which rose over 7% [1]. Group 3: Valuation and Investment Potential - The current price-to-book ratio (PB) of the CSI A500 Index is 1.46, which is considered low historically [1]. - The overall PEG ratio of the new productivity-related component stocks is at 0.9, significantly lower than the 1.2 of the Nasdaq Golden Dragon Index, indicating strong long-term investment value [1]. Group 4: Investment Tools - The A500 Index ETF (159351) tracks the CSI A500 Index, consisting of 500 large-cap and liquid stocks across various industries, providing a balanced investment tool for A-share representative companies [2]. - Investors can also access the A500 Index ETF through linked funds (Class A 022453; Class C 022454) to capitalize on quality core asset opportunities [2].