注：数据来源：基金2025年中报，持有人户数位居同类38只产品首位。提及个股仅用于行业事件分析， 不构成任何个股推荐或投资建议。指数等短期涨跌仅供参考，不代表其未来表现，亦不构成对基金业绩 的承诺或保证。观点可能随市场环境变化而调整，不构成投资建议或承诺。提及基金风险收益特征各不 相同，敬请投资者仔细阅读基金法律文件，充分了解产品要素、风险等级及收益分配原则，选择与自身 风险承受能力匹配的产品，谨慎投资。 中证A500ETF（159338）跟踪的是中证A500指数（000510），该指数从A股市场各行业龙头中筛选样 本，采用行业均衡选样方法，兼具市值代表性和行业分布均衡性。指数成分股集中体现"新质生产力"特 征，通过价值与成长风格的双重配置，全面反映A股核心资产的整体表现。 风险提示：从客户数量来看，根据2025年中报，国泰中证A500ETF总户数位列同类首位，是第二名的三 倍多，更多人选择中证A500ETF（159338），感兴趣的投资者或可关注中证A500ETF（159338）。 据Wind数据，中证A500ETF（159338）盘中净流入2.82亿份，近20日资金净流入超44亿元，资金抢筹更 均衡的大宽 ...

每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 相关机构表示，近期A股在经过前期调整释放压力后企稳回升，本月即将召开的经济工作会议或有 利于多头情绪进一步发酵，外部流动性改善亦有望推动估值修复。中期来看，A股的系统性慢牛仍将可 期。 把握A股机遇，或可关注中证A500ETF（159338），中证A500创新指数编制方案，以国际通用 的"行业均衡"方式编制。它挑选了各行业市值较大、流动性较好的500只证券作为指数样本，成分股覆 盖全部中证二级行业和97%中证三级行业。同时，几乎所有三级行业龙头都入选样本，真正实现了"龙 头荟萃"。与此同时，指数编制引入互联互通、ESG筛选等机制，符合海内外机构投资者偏好，有利于 吸引长期资金配置A股核心资产。 从客户数量来看，根据2025年中报，国泰中证A500ETF总户数位列同类首位，是第二名的三倍多， 更多人选择中证A500ETF（ ...

首先，海外扰动继续缓和。一方面，联储表态与经济数据共同推升降息预期。另一方面，全球AI产业 的亮眼进展也在持续缓解"AI泡沫"担忧。 中证A500创新指数编制方案，以国际通用的"行业均衡"方式编制。它挑选了各行业市值较大、流动性 较好的500只证券作为指数样本，成分股覆盖全部中证二级行业和97%中证三级行业。同时，几乎所有 三级行业龙头都入选样本，真正实现了"龙头荟萃"。与此同时，指数编制引入互联互通、ESG筛选等机 制，符合海内外机构投资者偏好，有利于吸引长期资金配置A股核心资产。 同时，国内环境继续为中国资产修复提供顺风。尤其是近期人民币汇率加速升值破7.08关口，汇率走强 与资本市场修复形成共振。 （文章来源：每日经济新闻） 天风证券指出，前期扰动市场的各类因素，近期已在逐步缓解。海外冲击下中国资产已调整出性价比， 随着美联储降息悲观预期、"AI泡沫"等压制全球风险偏好的关键因素迎来缓和，中国资产有望凭借自身 逻辑迎来修复。近期这一观点已在逐步验证： 往后看，随着前期扰动逐步过去，市场有望迈入一个新的阶段。后续，从日历效应角度出发，大势上的 焦点在于跨年行情能否如期启动。岁末年初是孕育躁动行情的重要窗口 ...

Core Viewpoint - The A-share market is experiencing a strong rebound, with the Shanghai Composite Index reaching new highs, driven by high-growth sectors such as telecommunications, electronics, and non-bank financials [1] Group 1: Market Performance - The CSI A500 ETF (159338) has increased by over 1.2%, with trading volume continuing to expand [1] - The current market shows a structural trend with funds rotating within sectors, indicating potential for previously lagging high-growth stocks to restart [1] Group 2: Sector Analysis - High-growth sectors are leading the market, with telecommunications up 7.66%, electronics up 7.02%, and non-bank financials up 6.48% [1] - The CSI A500 Index has a risk level of 98.39, indicating an overbought condition, while the mid-term trend remains upward with a comprehensive score of 39.62 [1] Group 3: Index Composition - The CSI A500 Innovation Index is compiled using an "industry balance" method, selecting 500 securities with large market capitalization and good liquidity across all secondary and 97% of tertiary industries [1] - The index includes nearly all leading companies in tertiary industries, achieving a "gathering of leaders" [1] - The index compilation incorporates mechanisms like mutual connectivity and ESG screening, aligning with the preferences of domestic and international institutional investors, which is beneficial for attracting long-term capital to core A-share assets [1]

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]

Group 1 - The core viewpoint indicates that the current risk level of the CSI A500 Index is 98.39, with a comprehensive momentum of 77.63, suggesting an upward trend in both short-term and medium-term [1] - The technical timing model shows that the Wind All A Index has a risk level of 104.13, indicating an overheated state, while maintaining a healthy upward trend in the medium term [1] - High-growth investment sectors are currently favored in the market, with notable performances in the communication sector (7.66%) and electronics sector (7.02%) [1] Group 2 - The CSI A500 Innovation Index is compiled using an internationally recognized "industry balance" method, selecting 500 securities with large market capitalization and good liquidity across all secondary and 97% of tertiary industries [1] - The index compilation includes leading companies from almost all tertiary industries, achieving a "gathering of leaders" [1] - The introduction of mechanisms such as mutual connectivity and ESG screening in the index compilation aligns 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 - Investors interested in the CSI A500 ETF (159338) are encouraged to pay attention to it [1] - For investors without stock accounts, they can consider the Guotai CSI A500 ETF Initiated Link A (022448), Guotai CSI A500 ETF Initiated Link C (022449), and Guotai CSI A500 ETF Initiated Link I (022610) [1]

Economic Performance - In July, the national industrial added value above designated size increased by 5.7% year-on-year [1] - The total retail sales of consumer goods reached 38,780 billion yuan, growing by 3.7% year-on-year [1] - The total import and export of goods amounted to 39,102 billion yuan, with a year-on-year growth of 6.7%, indicating a stable economic development [1] Index and ETF Information - The CSI A500 Innovation Index is compiled using an "industry-balanced" approach, selecting 500 securities with large market capitalization and good liquidity across all secondary and 97% of tertiary industries [1] - The index includes leading companies from almost all tertiary industries, achieving a "gathering of leaders" [1] - The introduction of mechanisms such as mutual connectivity and ESG screening aligns with the preferences of domestic and foreign institutional investors, which is beneficial for attracting long-term capital to A-shares [1] ETF Popularity - As of the 2024 annual report, the number of accounts for the Guotai CSI A500 ETF exceeds 156,000, ranking first among similar products, more than three times that of the second place [1] - Investors without stock accounts can consider the Guotai CSI A500 ETF Initiated Link A (022448), Link C (022449), and Link I (022610) [1]

Core Viewpoint - The introduction of a new fiscal subsidy policy for personal consumption loans is expected to boost domestic demand and benefit the A-share market, particularly the core assets represented by the CSI A500 ETF [1] Group 1: Policy Impact - The Ministry of Finance, People's Bank of China, and financial regulatory authorities have issued a new implementation plan for personal consumption loan subsidies, effective from September 1, 2025, to August 31, 2026 [1] - This is the first time the central government has provided subsidies for personal consumption loans, which will directly benefit the public and is anticipated to stimulate domestic demand [1] Group 2: CSI A500 ETF Overview - The CSI A500 ETF (159338) has seen a net inflow of 12 million units, indicating strong investor interest in A-share core assets [1] - The CSI A500 Innovation Index is constructed using an "industry-balanced" approach, selecting 500 securities with large market capitalization and good liquidity across all secondary and 97% of tertiary industries [1] - The index includes nearly all leading companies in tertiary industries, achieving a "gathering of leaders" [1] Group 3: Investor Engagement - The total number of accounts for the Guotai CSI A500 ETF exceeds 156,000, making it the leader in its category, with more than three times the number of accounts compared to the second-ranked ETF [1] - The index's design incorporates mechanisms such as mutual connectivity and ESG screening, aligning with the preferences of domestic and international institutional investors, which is beneficial for attracting long-term capital to A-share core assets [1]

Core Viewpoint - The article highlights the significant inflow of funds into the China Securities A500 ETF, indicating a bullish sentiment in the A-share market driven by improved risk appetite and declining risk-free interest rates, suggesting a potential "systematic bull market" [1] Group 1: Market Trends - The China Securities A500 ETF (159338) saw a net inflow of 69 million units today, reflecting strong demand for core A-share assets [1] - Zheshang Securities predicts a "systematic slow bull" market, with the Shanghai Composite Index likely to aim for higher targets beyond the previous high of 3674 points set on October 8, 2024 [1] Group 2: Index Composition - The China Securities A500 Innovation Index is compiled using an internationally recognized "industry balance" method, selecting 500 securities with large market capitalization and good liquidity across all secondary and 97% of tertiary industries [1] - The index includes leading companies from almost all tertiary industries, achieving a "gathering of leaders" [1] Group 3: Investor Engagement - As of the 2024 annual report, the total number of accounts for the Guotai China Securities A500 ETF exceeds 156,000, making it the leader in its category, with more than three times the number of accounts compared to the second-ranked product [1] - Investors without stock accounts can consider the Guotai China Securities A500 ETF linked products, which include various share classes [2]

Group 1 - The core viewpoint indicates that the A-share market shows resilience in the macro economy, with potential for valuation recovery and an upward expectation for corporate profits under the trend of reducing competition [1] - The long-term performance of Chinese equity assets is still viewed positively, with expectations that the upward trend will continue as bullish logic unfolds [1] - The current market downturn is not expected to pose significant risks, and the volatility center is anticipated to gradually rise, suggesting that waiting for adjustments to enter long positions may be a favorable choice [1] Group 2 - The CSI A500 Innovation Index is compiled using an internationally recognized "industry balance" method, selecting 500 securities with large market capitalization and good liquidity across all secondary and 97% of tertiary industries [1] - The index includes almost all leading companies in tertiary industries, achieving a true representation of "leading companies gathered" [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 - Investors interested in the CSI A500 ETF (159338) are encouraged to pay attention to it [1] - For those without stock accounts, they can consider the Guotai CSI A500 ETF Initiated Link A (022448), Link C (022449), and Link I (022610) [1]