同时，南方基金在ETF业务全链条持续锤炼核心能力，在研究开发、投资运作、系统支持、风险管理、产品销售等领域积淀深厚经验：依托自主研发的"智能化ETF 投资管理系统"，截至2024年底南方基金旗下被动指数基金近三年规模加权跟踪误差仅0.38%，位列全行业第一；作为业内最早应用做市商制度的基金公司之一，南 方基金已形成完备的做市商量化考核机制，与多家业内知名的做市商机构开展深度合作，百亿资金便利进出。此外，南方基金还同步提供衍生品工具支持（如股指 期货、ETF期权策略适配）与指数策略编制研究，为合作券商及投资者提供全场景服务支撑。 强化联动，携手提升投资者获得感 ▲南方基金副总经理 侯利鹏 关于后续公募基金与券商在财富管理业务上的合作计划，南方基金侯利鹏强调未来将提供更精准的产品支持、共享更专业的投顾资源、搭建更高效的合作平台。 南方基金副总经理侯利鹏日前在2025中国证券业财富经纪论坛上表示，财富管理市场正处在"从规模扩张向质量深耕"的转型关键期，以ETF为代表的长期资金正 为股票市场持续注入活水，南方基金未来将通过提供更精准的产品支持、共享更专业的投顾资源、搭建更高效的合作平台，进一步强化与券商伙伴的联动，携 ...

Group 1 - The core viewpoint of the article emphasizes the importance of the CSI A500 Index as a key asset during the economic transformation period, providing investors with a tool to capture new productivity opportunities amidst market volatility [2][3] - The CSI A500 Index is designed to reflect the core assets of the entire market, showcasing a unique compilation logic that selects 500 leading stocks with high market capitalization and liquidity from various industries, ensuring its industry weight structure aligns with the overall market benchmark [3][4] - The index has a high concentration in emerging industries, with approximately 49.35% of its weight in sectors such as electronics, communication, computer, media, machinery, defense, pharmaceuticals, and automotive [3][4] Group 2 - The CSI A500 Index offers better risk diversification due to its balanced industry selection, which helps mitigate the risks associated with single-sector volatility, thus allowing for precise capture of economic transformation benefits [4][5] - Historical performance indicates the long-term viability of the CSI A500 Index, achieving an annualized return of 8.0% over the past 20 years, with a 0.9% annualized excess return compared to the CSI 300 Index [5] - Since 2020, the cumulative excess return of the CSI A500 Index has expanded to 6.8%, with an annualized excess return of 1.3%, demonstrating its characteristic of "falling less in downturns and leading in upturns" [5] Group 3 - The valuation of the A-shares remains attractive, with the CSI A500 Index's current PE at 15 times and PB at 1.5 times, positioning it at the 67th and 23rd percentiles of the past decade, respectively, indicating a relatively low valuation [6] - The improvement in corporate earnings fundamentals supports the index, as the economic and corporate earnings cycles are likely at the bottom and pointing towards recovery [6][7] - Since the launch of the A500 ETF by Southern Fund in October 2024, it has seen a significant inflow of over 200 billion yuan, reflecting market confidence [6][7] Group 4 - Among various products tracking the CSI A500 Index, the A500 ETF by Southern Fund stands out due to its excellent tracking accuracy and refined management [7][8] - The core fund managers of Southern Fund's index team have an average of ten years of experience, covering key research areas such as artificial intelligence, financial analysis, and quantitative technology [7] - The A500 ETF has maintained industry-leading tracking precision and has a low fee structure, with a management fee of only 0.15% and a custody fee of 0.05% [7][8]