【买方投顾说】国联民生证券基金投顾负责人祁昊：更多场内ETF有望纳入基金投顾范畴

Core Viewpoint - The China Securities Regulatory Commission has proposed to enhance the inclusiveness and adaptability of the Sci-Tech Innovation Board by introducing a growth tier and expanding the range of indices and ETFs, which will facilitate the inclusion of Sci-Tech Innovation Board ETFs in fund advisory configurations, thereby attracting more long-term capital to innovative enterprises [1][2]. Group 1 - The inclusion of Sci-Tech Innovation Board ETFs expands the investment scope for fund advisory services and indicates that more on-market ETFs will be included in the future [1]. - ETFs are currently the fastest-growing investment tools, characterized by a wide variety, low fees, and investment transparency, which, combined with the professional portfolio configuration and advisory capabilities of fund advisors, can help investors achieve better asset allocation [1][2]. - Fund advisory services, focusing on long-term investments, can attract more long-term capital to Sci-Tech Innovation Board enterprises, reducing market volatility and creating a win-win situation for investors and related companies [2]. Group 2 - Fund advisory businesses currently only support off-market ETFs, and the inclusion of on-market ETFs requires addressing fair pricing issues and developing corresponding settlement rules and systems [2]. - There is a lack of diverse QDII tools, commodity index funds, and off-market REITs index products in the domestic public fund sector, making it challenging for investors to achieve comprehensive asset allocation through fund advisory services [2]. - The rich configuration range and low trading fees of index funds can provide clients with a better investment experience [2].