Zheng Quan Zhi Xing·2025-08-29 11:35Fund Overview - The fund is named Changsheng Tongqing CSI 800 Index Securities Investment Fund (LOF) and was established on May 22, 2015 [1] - The fund aims to track the CSI 800 Index with a daily tracking deviation of less than 0.35% and an annualized tracking error of less than 4% [1][2] - The fund is managed by Changsheng Fund Management Co., Ltd. and is custodied by China Construction Bank [1][2] Financial Performance - As of June 30, 2025, the fund's net asset value was approximately RMB 176.08 million, with a net asset value per share of RMB 1.609 [2][11] - The fund achieved a profit of RMB 1.24 million during the reporting period, with a net profit margin of 0.85% [2][11] - The cumulative net value growth rate of the fund since its inception is 17.26% [2] Investment Strategy - The fund employs a sampling replication strategy to construct its investment portfolio, focusing on stocks with high liquidity and market capitalization [1][2] - The investment strategy aims to optimize the weight of individual stocks in the portfolio to achieve the desired tracking error [1] Market Outlook - The fund anticipates a gradual upward trend in the A-share market in the second half of 2025, driven by low interest rates and high household savings [7] - The fund expects new growth opportunities to emerge from technological advancements, particularly in sectors like artificial intelligence and biotechnology [7] - However, external geopolitical uncertainties, such as U.S. tariff policies, may impact market stability [7]