A股震荡回调，A500ETF华泰柏瑞（563360）助力均衡布局

Core Viewpoint - The A-shares market opened lower on October 10, with major indices experiencing a pullback. Amidst this volatile market, the A500 ETF by Huatai-PB (563360) has gained attention as a tool for capturing overall market opportunities, focusing on core assets and boasting the largest market size among similar products [1]. Group 1: Index Composition and Strategy - The CSI A500 Index consists of 500 stocks with large market capitalization and good liquidity across various industries, covering most core assets in the A-share market [1]. - The index incorporates an industry balance concept, selecting industry leaders from traditional sectors like banking and food, as well as emerging sectors such as integrated circuits and energy storage, achieving both diversification and a focus on core assets [1]. Group 2: Product Performance and Market Position - As of October 9, the A500 ETF by Huatai-PB has a scale of 27.776 billion yuan, making it the only ETF tracking the CSI A500 Index with a scale exceeding 25 billion yuan [1]. - Since June, the average daily trading volume of the A500 ETF has reached 4.094 billion yuan, significantly surpassing the average daily trading volume of 1.609 billion yuan from January to May [1]. Group 3: Future Outlook and Cost Structure - Entering the fourth quarter, the market is expected to see the introduction of the "14th Five-Year Plan" policies and the verification of Q3 earnings, with the resilience of the Chinese economy and the technological innovation capabilities of Chinese enterprises likely to enhance the investment value of quality A-share assets [1]. - The management fee and custody fee for the A500 ETF are 0.15% and 0.05% per year, respectively, representing the lowest fee structure among A-share equity index products, which may help investors to cost-effectively allocate to core assets [1]. Group 4: Company Background - Huatai-PB Fund, one of the first ETF managers in China, has over 18 years of experience in ETF operations and has created benchmark products such as the CSI 300 ETF (510300) and the Dividend Low Volatility ETF (512890) [1]. - As of October 9, the total scale of non-money market ETFs managed by Huatai-PB Fund reached 605.5 billion yuan [1].