Core Viewpoint - The launch of the Rongtong CSI Chengtong Central Enterprise ESG ETF Fund aims to provide investors with a convenient tool for investing in high-purity central enterprise ESG assets, supporting the green and low-carbon transformation of the capital market and high-quality development [1][3]. Group 1: Fund Overview - The Rongtong CSI Chengtong Central Enterprise ESG ETF Fund (Class A: 024266; Class C: 024267) was issued on August 4 [1]. - The fund is managed by fund managers Lü Han and Cai Zhiwei [1]. Group 2: ESG Index Characteristics - The CSI Chengtong Central Enterprise ESG Index selects the top 50 central enterprise listed companies based on comprehensive scores from three ESG evaluation dimensions, reflecting the overall performance of central enterprises that focus on environmental protection, social contribution, and good corporate governance [2]. - The index employs an innovative weighting method based on ESG scores rather than market capitalization, aiming to maximize the ESG score and weight of the index, resulting in a high "ESG" purity [2]. - Since its base date on December 30, 2016, the index has increased by 57.09%, while the CSI 300 Index rose by 24.90% and the Central Enterprise Composite Index by 12.73% during the same period [2]. Group 3: Market Context and Valuation - Central enterprises have a high ESG rating, which is associated with greater industry competitiveness, lower risk management levels, and higher company terminal values [3]. - As of May 30, the price-to-earnings (P/E) ratio of the CSI Central Enterprise Composite Index was 11.40 times, and the price-to-book (P/B) ratio was 1.08, significantly lower than local state-owned enterprises and private enterprises [3]. - Central enterprises account for 8.94% of the total number of A-share listed companies but contribute over 30% of the total market capitalization and more than 50% of profits and dividends [3]. Group 4: Strategic Importance of ESG Investment - The practice of ESG by central enterprises is crucial for high-quality development and is an important lever for valuation reconstruction [4]. - Rongtong Fund aims to guide social capital towards central enterprises with excellent ESG performance, contributing to a virtuous cycle of value creation, valuation enhancement, and social progress [4].
打造更高纯度的ESG投资,融通中证诚通央企ESG ETF联接基金发行
Zheng Quan Zhi Xing·2025-08-07 01:51