Group 1 - The fund is named "Jia Shi Zhong Zheng A500 Index Enhanced Securities Investment Fund" and has been approved for registration by the China Securities Regulatory Commission on August 4, 2025 [1] - The fund is a contractual open-end stock index enhanced fund [2] - The fund manager is Jia Shi Fund Management Co., Ltd., and the custodian is China Postal Savings Bank Co., Ltd. [3] Group 2 - The fund will be publicly offered from September 1, 2025, to September 19, 2025 [4] - The minimum subscription amount is RMB 1 for online direct sales or non-direct sales institutions, and RMB 20,000 for direct sales center counter subscriptions [5][16] - Investors can subscribe multiple times during the fundraising period, but if a single investor's total subscription reaches or exceeds 50% of the total fund shares, the fund manager may restrict further subscriptions [5][17] Group 3 - The fund aims to effectively track the benchmark index (CSI A500 Index) while enhancing and optimizing the index portfolio management and risk control to achieve excess returns [20] - The fund does not set a fundraising target [21] - The fund's initial share value is RMB 1.00 for both A and C class shares [19][28] Group 4 - The fund's investment scope includes stocks, stock index futures, and other financial derivatives, with a focus on the CSI A500 Index [11][20] - The fund's investment strategy involves selecting stocks based on market capitalization and liquidity, with a sample of 500 securities reflecting the overall performance of representative listed companies [11][13] Group 5 - The fund will be registered and managed by Jia Shi Fund Management Co., Ltd., which will also handle the fund's registration and transfer [70][72] - The fund's legal advisor is Shanghai Yuan Tai Law Firm, and the accounting firm is Rong Cheng Accounting Firm [73]

Group 1 - The A-share market continues its rebound, with the CSI A500 Index reaching a near three-year high as of August 22, reflecting increasing enthusiasm for core asset allocation [1] - The A500 ETF by Huatai-PB (563360) has seen significant trading activity, with daily trading volumes exceeding 5 billion yuan for two consecutive days, averaging 5.069 billion yuan [1] - The fund's scale has grown for three consecutive weeks, reaching 20.783 billion yuan, making it the only ETF tracking the CSI A500 Index with a scale exceeding 20 billion yuan [1] Group 2 - The CSI A500 Index selects 500 securities with large market capitalization and good liquidity from various industries, focusing on emerging industry leaders to reflect the overall performance of core assets amid China's economic transformation [2] - The A500 ETF has a competitive fee structure, with management and custody fees at 0.15% and 0.05% per year, respectively, which are among the lowest in the A-share market [2] - As of August 22, the cumulative net asset value of the A500 ETF is 1.1570 yuan, making it one of the few ETFs tracking the CSI A500 Index with a cumulative net asset value exceeding 1.15 yuan [2] Group 3 - Huatai-PB Fund, the manager of the A500 ETF, is one of the first ETF managers in China with over 18 years of experience, and it manages the largest ETF in the A-share market, the CSI 300 ETF [3] - As of August 22, the total scale of non-money market ETFs managed by Huatai-PB exceeds 552 billion yuan, placing it in the top tier of the industry [3]

Group 1 - The A-share market is experiencing a gradual recovery in sentiment, with structural opportunities emerging, indicating a key time window for style rebalancing [1] - The launch of the CITIC Prudential CSI A500 Index Enhanced Securities Investment Fund aims to capture excess returns through quantitative models amid changing market styles [1][2] - The CSI A500 Index is seen as having high cost-effectiveness for allocation, with a significant overlap with the CSI 300 Index and representation of high-growth sectors like semiconductor equipment and industrial robots [2] Group 2 - The quantitative enhancement strategy for the CSI A500 Index can be divided into two approaches: focusing on fundamental alpha factors for overlapping stocks and utilizing price-volume factors for mid-cap stocks [3] - The team emphasizes the importance of dynamic risk control, adapting to market changes and allowing for customized risk deviation thresholds based on various factors [5][6] - Continuous iteration and reflection in quantitative investment strategies are crucial, with the team striving to optimize trading behaviors and find more scientific alternatives due to regulatory constraints [4][6]

Core Viewpoint - The A-share market is experiencing a gradual recovery in sentiment, with structural opportunities emerging, as noted by the fund manager from CITIC Prudential Fund, Jiang Peng [1] Group 1: Market Sentiment and Investment Strategy - The current market is at a critical time for style rebalancing, with a shift towards rational equilibrium in risk appetite, leading to opportunities in quality mid-cap growth stocks that were previously undervalued [1] - CITIC Prudential Fund has launched the CITIC Prudential CSI A500 Index Enhanced Securities Investment Fund, managed by Jiang Peng and Huang Zhi, aiming to capture excess returns through quantitative models amid changing market styles [1][2] - The CSI A500 Index is seen as having high cost-effectiveness for allocation, with many constituent stocks overlapping with the CSI 300 Index, providing both stability and growth potential [1][2] Group 2: Quantitative Strategy and Stock Selection - Jiang Peng's quantitative enhancement strategy for CSI A500 constituents focuses on two main approaches: deepening fundamental alpha factors for stocks overlapping with the CSI 300 Index and utilizing basic stock selection methods based on performance quality and cash flow stability [2][3] - The strategy also incorporates a focus on high volatility characteristics of mid-cap stocks, using both fundamental and price-volume factors to identify mispriced opportunities [3] Group 3: Risk Management and Dynamic Adjustment - The quantitative team emphasizes the need for continuous reflection and iteration in response to rapidly changing market conditions, moving from static to dynamic risk management approaches [4][5] - A dynamic risk control system has been implemented, allowing for customized risk deviation thresholds based on various factors such as sentiment and institutional research, enhancing the stability of product net values [5]

Group 1 - The A500 index (000510) has shown a positive performance with a 0.59% increase as of August 21, 2025, with notable gainers including Zhongke Titanium (002145) up 10.11% and ZTE Corporation (000063) up 7.36% [1] - The A500 ETF fund (512050) has also increased by 0.19%, with a latest price of 1.07 yuan, and has demonstrated active trading with a turnover rate of 29.64% and a transaction volume of 4.568 billion yuan [1] - Over the past week, the A500 ETF fund has averaged a daily transaction volume of 5.292 billion yuan, ranking it first among comparable funds [1] Group 2 - Huatai Securities reports that A-share trading volume and price have risen, with active trading by retail investors reaching a year-to-date high, while the crowdedness of trading remains moderate [2] - The number of private fund registrations has also increased, with 666 new products registered in early August, a 6% rise from July [2] - Foreign and insurance capital are expected to be significant sources of incremental investment, with insurance capital's market entry ratio increasing in Q2 2025 [2] Group 3 - As of July 31, 2025, the top ten weighted stocks in the A500 index account for 19.83% of the index, including major companies like Kweichow Moutai (600519) and BYD (002594) [3] - The A500 ETF fund has various related index funds and enhanced ETFs, indicating a diverse investment product offering [3]

Core Viewpoint - The current risk level of the CSI A500 Index is 98.39, with a comprehensive momentum of 77.63, indicating a healthy upward trend in both short-term and medium-term perspectives [1] Group 1: Market Analysis - The technical timing model shows a good medium-term trend for the Wind All A Index, maintaining a healthy upward trajectory [1] - Structural market trends are emerging, with funds rotating within sectors, indicating positive investor sentiment [1] - The CSI A500 Index, as a broad-based index, is performing well in the current high prosperity investment environment, alongside other major indices like the ChiNext Index and the Sci-Tech Innovation 100 [1] Group 2: Index Composition - The CSI A500 Innovation Index is compiled using an internationally recognized "industry balance" method, selecting 500 securities with large market capitalization and good liquidity from all secondary and 97% of tertiary industries [1] - Almost all leading companies in tertiary industries are included in the sample, achieving a "gathering of leaders" [1] - The index compilation incorporates mechanisms such as mutual connectivity and ESG screening, aligning with the preferences of domestic and foreign institutional investors, which is beneficial for attracting long-term capital to core A-share assets [1] Group 3: Investment Opportunities - Investors interested in the CSI A500 can consider the CSI A500 ETF (159338) [1]

Summary of Key Points Core Viewpoint - The trading volume of the CSI A500 Index ETFs reached a total of 30.166 billion yuan today, marking an increase of 3.119 billion yuan from the previous trading day, with a growth rate of 11.53% [1]. Trading Volume Analysis - The Southern CSI A500 ETF (159352) had a trading volume of 4.899 billion yuan, an increase of 0.967 billion yuan, with a growth rate of 24.60% [1]. - The Guotai CSI A500 ETF (159338) recorded a trading volume of 3.530 billion yuan, up by 0.429 billion yuan, reflecting a growth rate of 13.83% [1]. - The GF CSI A500 ETF (563800) saw a trading volume of 1.742 billion yuan, increasing by 0.380 billion yuan, with a growth rate of 27.93% [1]. - Notably, the Guolianan CSI A500 Enhanced ETF (563630) and the Penghua CSI A500 ETF (512020) experienced significant increases in trading volume, with growth rates of 797.61% and 186.10% respectively [1]. Market Performance - As of market close, the CSI A500 Index (000510) rose by 1.06%, while the average increase for related ETFs tracking the CSI A500 Index was 0.97% [1]. - The top performers included the Huatai-PB CSI A500 ETF (563880) and the Ping An CSI A500 ETF (159215), which increased by 1.39% and 1.27% respectively [1]. Detailed Trading Data - A detailed table of various ETFs shows their respective trading volumes, daily changes, and percentage increases, highlighting significant movements in the market [2]. - For instance, the Huatai-PB CSI A500 ETF (563880) had a remarkable increase of 108.23% in trading volume [2]. Conclusion - The CSI A500 Index ETFs are experiencing heightened trading activity and positive market performance, indicating strong investor interest and potential opportunities in this segment [1][2].

8月15日，A500ETF中金（512080）涨1.17%，成交额9898.22万元。当日份额增加4500.00万份，最新份 额为10.85亿份，近20个交易日份额减少6300.00万份。最新资产净值计算值为12.22亿元。 来源：新浪基金∞工作室 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 A500ETF中金（512080）业绩比较基准为中证A500指数收益率，管理人为中金基金管理有限公司，基 金经理为刘重晋，成立（2025-01-14）以来回报为12.63%，近一个月回报为5.89%。 ...

Market Performance - The market showed a strong upward trend in the morning session, with the ChiNext Index leading the gains and the CSI A500 Index rising by 0.99% [1] - Multiple ETFs tracking the CSI A500 Index saw significant trading volumes, with 14 ETFs exceeding 100 million yuan in trading volume, and 4 surpassing 2.8 billion yuan [1] ETF Trading Data - The A500 ETF Fund had a trading volume of 3.802 billion yuan, with a price increase of 1.17% [2] - The A500 ETF from Harvest increased by 1.05% with a trading volume of 2.961 billion yuan [2] - The A500 ETF from Southern Asset Management rose by 1.21%, with a trading volume of 2.913 billion yuan [2] Market Outlook - Analysts suggest that the downward trend in domestic risk-free interest rates, combined with the spillover effect of overseas dollar liquidity, is expected to continue driving incremental capital inflows, providing key support for the market [1]

Group 1 - The A500 index increased by 0.43% as of August 11, 2025, with notable stocks like Jiangte Electric, Dazong Laser, Tianqi Lithium, and Shiyuan Co. hitting the 10% limit up [1] - The A500 ETF managed by Harvest has seen a trading volume of 1.294 billion yuan with a turnover rate of 10.34%, indicating active market participation [1] - The A500 ETF's latest scale reached 12.433 billion yuan, with a net inflow of 133 million yuan over three out of the last five trading days [1] Group 2 - The top ten weighted stocks in the A500 index as of July 31, 2025, include Kweichow Moutai, CATL, Ping An Insurance, and others, collectively accounting for 19.83% of the index [1] - The A500 ETF has achieved a net value increase of 6.95% over the past six months, with a maximum monthly return of 4.48% since its inception [1] - The proportion of actively managed equity funds in China has reached a historical high, with active public fund indices rising nearly 10% since the beginning of the year [2]