4000点拉锯战下，上证综指ETF（510760）带你“提前站上5100点”

Core Insights - The Shanghai Composite Index ETF (510760) has achieved significant excess returns, allowing investors to effectively "stand on 5100 points" ahead of the market, with a reported excess return of 30.05% since its launch [1][2]. Performance Summary - The ETF has outperformed the Shanghai Composite Index since its inception, with a secondary market return of 49.3% compared to the index's 19.25%, resulting in an excess return of 30.05% [2][3]. - Over the past year, the ETF's market return was 24.42%, while the Shanghai Composite Index returned 20.58%, yielding an excess return of 3.84% [3]. - In the past three years, the ETF achieved a return of 52.58% against the index's 36.68%, leading to an excess return of 15.90% [3]. Dividend Yield and Strategy - The ETF benefits from a dividend yield exceeding 2%, which enhances its return base. The index's total market capitalization weighting, particularly with "state-owned enterprises," contributes to this yield [4]. - The ETF's performance is bolstered by the inclusion of dividend income, as the fund's benchmark is based on the net price index, which does not account for dividends [4]. Market Outlook - The outlook for the A-share market remains positive, supported by ongoing growth policies, active market sentiment, and easing monetary policy. The ETF is seen as a key channel for investing in quality Chinese assets [5]. - The ETF has shown a notable excess return of 50.45% compared to the CSI 300 Index since its inception, further highlighting its strong performance [5][6]. Cost Efficiency - The ETF is positioned as a cost-effective investment tool, with a management fee of 0.15% per year and a custody fee of 0.05% per year, making it one of the lowest-cost options in the market [6].