Core Viewpoint - The stock and mixed funds achieved a high positive return, with 96.44% of funds reporting positive net value growth on June 24, 2023, and significant gains observed in various indices [1][2]. Fund Performance Summary - On June 24, the average net value growth rate for stock and mixed funds was 1.24%, with 38 funds exceeding a 5% return, led by 中航趋势领航混合发起C and 中航趋势领航混合发起A, both at 6.53% [1][2]. - The top-performing sectors included electric power equipment, non-bank financials, and retail trade, with increases of 2.85%, 2.68%, and 2.64% respectively [1]. - Conversely, the sectors with the largest declines were oil and petrochemicals, and coal, with decreases of 2.10% and 0.22% respectively [1]. Fund Types and Categories - Among the funds with over 5% growth, 28 were equity funds and 10 were flexible allocation funds [2]. - The largest drawdown was observed in the 汇添富中证油气资源ETF, which fell by 4.17%, followed by 博时中证油气资源ETF and 油气资源 with declines of 4.10% and 4.09% respectively [2][4]. Fund Company Performance - 方正富邦基金 had 6 funds listed among those with over 5% growth, while 鹏华基金 and 同泰基金 had 6 and 4 funds respectively [1][2]. - The performance of funds from various companies indicates a competitive landscape, with several funds achieving notable returns [2].

Core Viewpoint - The China Oil and Gas Resource Index has shown mixed performance, with a recent decline despite a monthly increase, indicating volatility in the oil and gas sector [2]. Group 1: Index Performance - The China Oil and Gas Resource Index decreased by 0.52% to 736.04 points, with a trading volume of 11.226 billion yuan [1]. - Over the past month, the index has increased by 6.59%, but it has decreased by 3.91% over the last three months and by 6.98% year-to-date [2]. Group 2: Index Composition - The index includes companies involved in oil and gas exploration, services, equipment manufacturing, refining, processing, transportation, and sales [2]. - The top ten weighted companies in the index are: China National Petroleum (10.47%), China National Offshore Oil (10.06%), Sinopec (9.64%), Guanghui Energy (6.62%), and others [2]. - The sector composition of the index shows that energy accounts for 75.48%, industrials for 18.72%, financials for 2.34%, materials for 1.59%, consumer discretionary for 1.06%, and utilities for 0.81% [2]. Group 3: Index Adjustment and Management - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3]. - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [3]. - Public funds tracking the oil and gas resources include Huatai-PineBridge China Oil and Gas Resource ETF, Bosera China Oil and Gas Resource ETF, and Yinhua China Oil and Gas Resource ETF [3].

Core Viewpoint - CITIC Securities has made significant adjustments to its ETF holdings, increasing positions in certain ETFs while reducing others, indicating a strategic shift in investment focus towards specific sectors and market segments [1][9]. Group 1: ETF Holdings Overview - CITIC Securities holds the largest position in the Huaxia SSE 50 ETF with a market value of 2 billion yuan, despite a reduction of 50.91 million shares [2][3]. - The second largest holding is the Huaxia CSI A500 ETF, valued at 1.846 billion yuan, reflecting a stable investment strategy as no changes in holdings were reported [2][3]. - The Southern CSI 1000 ETF has seen an increase of 25.51 million shares, indicating a focus on small-cap stocks, which are expected to perform well in the current market environment [2][4]. Group 2: Increases in Holdings - The Southern CSI 1000 ETF was increased by 255 million shares, highlighting CITIC Securities' positive outlook on small-cap stocks and emerging industries [4][5]. - The Tianhong CSI Bank ETF was increased by 6.534 million shares, reflecting confidence in the banking sector amid a favorable macroeconomic environment [5][6]. - The E-Fund SSE 50 ETF saw an increase of 4.492 million shares, emphasizing the importance of large-cap blue-chip stocks in the investment strategy [5][6]. Group 3: Reductions in Holdings - CITIC Securities reduced its holdings in the Southern CSI 500 ETF by 860 million shares, indicating caution towards mid-cap stocks due to potential market uncertainties [7][8]. - The Huaxia SSE 50 ETF also experienced a reduction of 509 million shares, suggesting a strategic shift in focus away from large-cap stocks [7][8]. - The Southern MSCI China A50 ETF was reduced by 261 million shares, further reflecting a cautious approach to blue-chip stocks in the current market context [7][8]. Group 4: New Entrants and Exits - CITIC Securities entered the top ten holders of 46 new non-cash ETFs, indicating a diversification strategy to capture various market opportunities [9][10]. - The firm exited the top ten holders of the Hai Fu Tong SSE Urban Investment Bond ETF, Southern CSI 300 ETF, and the China Merchants CSI Dividend ETF, marking a significant portfolio adjustment [14][15].