指数年化收益率17%！诠释“价值投资”的又一利器来了

Group 1 - The core viewpoint of the news is the launch of the value ETF (159263) on June 16, which aims to provide investors with a new tool for value investing [1][2] - The product tracks the Guozhen Value 100 Index, which reflects the price changes of listed companies with a value style in the Shanghai and Shenzhen stock exchanges, excluding securities with low trading volume and negative net profits [1] - The index selects the top 100 securities based on a comprehensive score of low price-to-earnings ratio, high dividend yield, and free cash flow rate [1] Group 2 - The Guozhen Value 100 Index is characterized by a multi-dimensional and scientific screening rule, favoring companies with low price-to-earnings ratios and high dividend yields [3] - The index includes many high dividend yield companies across various sectors, with an average price-to-earnings ratio lower than that of the CSI 300 and the CSI All Share Index [3] - The index also prioritizes companies with high free cash flow rates, indicating better fundamentals and lower prices [4] Group 3 - The index has a return on equity (ROE) level of 9.5% as of the end of Q1 2025, slightly higher than the CSI Dividend Index and comparable to the CSI 300 [4] - Since 2013, the Guozhen Value 100 Total Return Index has achieved an annualized return of over 17%, outperforming the CSI Dividend and CSI 300 Total Return Indices, with a lower historical maximum drawdown [4] - The index employs quarterly rebalancing and limits the weight of any single industry to below 20%, promoting a balanced industry distribution and optimizing long-term holding experience [4]