公募基金三季报显示 中央汇金稳定持有宽基ETF

Core Viewpoint - Central Huijin's investment strategy reflects a strong commitment to broad-based ETFs while demonstrating flexibility in sector-themed ETFs, indicating a dual approach to asset allocation [1][4]. Group 1: Broad-based ETFs - Central Huijin shows strong holding stability in broad-based ETFs, with 15 out of 21 ETFs held at the end of Q2 remaining unchanged in Q3, maintaining a shareholding ratio above 20% [2]. - The total holdings in broad-based ETFs reached 1,947.11 billion shares for Central Huijin Investment Co. and 1,626.04 billion shares for Central Huijin Asset Management Co. by the end of Q3 [2]. - Notable growth was observed in mainstream broad-based ETFs, with some experiencing net asset value growth rates exceeding 50% in Q3, and 22 ETFs showing growth rates over 10% [2][5]. Group 2: Sector-themed ETFs - Central Huijin's asset management plans exhibit a more flexible adjustment strategy in sector-themed ETFs, with significant reductions in holdings for specific ETFs [4]. - The two asset management plans reduced their holdings in the Guotai CSI 800 Automotive and Parts ETF and completely divested from the Huaxia Hang Seng China Enterprises High Dividend ETF [4]. - High-performing sector-themed ETFs included the Huaxia CSI 5G Communication Theme ETF and the Huabao CSI Electronic 50 ETF, with net asset value growth rates exceeding 40% [5]. Group 3: Investment Philosophy - Central Huijin's approach to broad-based and sector-themed ETFs reflects a macroeconomic strategy focused on long-term stability and value discovery, with a lower sensitivity to short-term market fluctuations [3][5]. - The adjustments in sector-themed ETFs are aimed at optimizing returns and managing risks by closely following market trends and industry conditions [5]. - The distinction in strategies for broad-based and sector-themed ETFs illustrates Central Huijin's management philosophy of adapting asset allocation based on economic cycles and industry dynamics [5].