国务院国资委举办中央企业负责人研讨班，国企共赢ETF兼具A+H投资机会

Core Viewpoint - The State-owned Enterprise (SOE) Win-Win ETF (159719) is experiencing a modest increase, reflecting the broader push by the State-owned Assets Supervision and Administration Commission (SASAC) to enhance productivity and innovation within state-owned enterprises [1][2]. Group 1: Market Performance - As of July 18, 2025, the SOE Win-Win ETF has risen by 0.13%, with a recent price of 1.57 yuan [1]. - Over the past week, the ETF has accumulated a 0.32% increase, ranking in the top one-third among comparable funds [1]. - The ETF has shown a 52.52% net value increase over the past three years, placing it in the top 4.85% of index stock funds [2]. Group 2: Trading Activity - The ETF recorded a turnover rate of 1.59% during the trading session, with a total transaction value of 1.4329 million yuan [2]. - The average daily trading volume over the past year is approximately 16.9455 million yuan [2]. Group 3: Return Metrics - The highest monthly return since inception is 14.61%, with the longest consecutive monthly gain being 7 months and a maximum increase of 24.70% [2]. - The ETF has a historical profit probability of 100% over a three-year holding period, with an average monthly return of 4.17% [2]. Group 4: Drawdown Analysis - The maximum drawdown over the past six months is 8.36%, with a relative benchmark drawdown of 0.29% [3]. - The recovery period after drawdown is 63 days [3]. Group 5: Fee Structure - The management fee for the ETF is 0.25%, and the custody fee is 0.05%, which are among the lowest in comparable funds [4]. Group 6: Tracking Accuracy - The tracking error for the ETF over the past month is 0.122%, indicating the highest tracking precision among comparable funds [5]. - The ETF closely follows the FTSE China SOE Open Win-Win Index, which includes 100 constituent stocks, focusing on the performance of Chinese state-owned enterprises listed in mainland China and Hong Kong [5]. Group 7: Key Holdings - Major holdings in the ETF include China Petroleum (15.58% weight), China Petrochemical (12.33% weight), and China State Construction (8.89% weight) [7].