近日，中央经济工作会议在京闭幕，为未来宏观经济政策与产业发展方向定下新基调。会议在总体要求 上实施更加积极有为的宏观政策，增强政策前瞻性针对性协同性，并强调了要围绕发展新质生产力，推 动科技创新和产业创新深度融合。高层定调不仅为经济高质量发展明晰了路径，也为资本市场指明了中 长期结构性投资主线。 不过，政策暖风之下，临近年底的A股市场仍处于震荡整理格局。沪指继续在3900点附近反复波动；叠 加市场热点轮动快、"突破即回调"等现象，不少投资者感叹目前市场个股选择难度较大。对普通投资者 而言，在此背景下，借道具备一定科技属性的优质宽基布局或是更好选择。 上周，基金君聊了聊主流的大盘宽基中证A500ETF（159338），并探讨在产品同质性趋强环境下，投资 者该怎么选择相应的ETF。 市场波动加剧，宽基配置价值凸显 从投资本质来看，应对市场起伏核心，关键或在于回归"买入并持有优质资产"这一朴素原则。但普通投 资者常面临研究资源有限、个股价值判断难度大等现实因素制约，此时借道指数化投资工具，尤其是能 代表市场中坚力量的宽基指数，通过分散配置一篮子股票，或可以捕捉市场整体趋势，成为更具可行性 的选择。 从市场表现观察， ...

近日， 中央经济工作会议 在京闭幕，为未来宏观经济政策与产业发展方向定下新基调。会议 在总体要求上实施更加积极有为的宏观政策，增强政策前瞻性针对性协同性，并强调了要围 绕发展新质生产力，推动科技创新和产业创新深度融合。高层定调不仅为经济高质量发展明 晰了路径，也为资本市场指明了中长期结构性投资主线。 不过，政策暖风之下，临近年底的A股市场仍处于震荡整理格局。沪指继续在3900点附近反 复波动；叠加市场热点轮动快、"突破即回调"等现象，不少投资者感叹目前市场个股选择难 度较大。对普通投资者而言，在此背景下，借道具备一定科技属性的优质宽基布局或是更好 选择。 上周，基金君聊了聊主流的大盘宽基 中证A500ETF（159338） ，并探讨在产品同质性趋强 环境下，投资者该怎么选择相应的ETF。 市场波动加剧，宽基配置价值凸显 从投资本质来看，应对市场起伏核心，关键或在于回归"买入并持有优质资产"这一朴素原 则。但普通投资者常面临研究资源有限、个股价值判断难度大等现实因素制约，此时借道指 数化投资工具，尤其是能代表市场中坚力量的宽基指数，通过分散配置一篮子股票，或可以 捕捉市场整体趋势，成为更具可行性的选择。 被动投 ...

每一只基金产品的诞生，都藏着一份朴素的初心—— 让更多普通投资者在资本市场中赚到钱，分享A股优质资产的成长红利。 对于ETF这类工具型产品而言，这份初心的坚守更显不易。 ETF被动跟踪指数标的，在主动获取超额收益（alpha），其实做不出太多努力，想要帮更多投资者到赚 钱，需要做大量的"功夫在诗外"的努力。做投资者陪伴也好，投资服务也好，让更多投资者认识到这个 产品的优势，帮助大家用好这个工具。 基金季报显示，中证A500ETF前三季度合计利润42.75亿元，排名同类第一。切切实实做到了让更多投 资者通过ETF工具赚到钱初心。 此外，中证A500ETF（159338）的日均规模，自年初以来也位居深交所和全市场第一。 对于ETF来说，日均规模是很重要的。保持领先的日均规模以及活跃的交易状态，能够为投资者带来了 多重便利。比如大额资金可以迅速进出而不会对净值产生显著冲击，日常买卖的挂单能够快速成交，且 买卖价差被压缩到极低水平。 中报显示，中证A500ETF持有人中，机构份额占比66.03%，，而个人投资者持有份额比例高达 33.98%。产品持有的总的户数，高达105975户，是同类产品第二名的三倍之多，显示其广 ...

Core Viewpoint - The market is experiencing fluctuations, with the CSI A500 ETF (159338) declining over 1%. However, there is significant capital inflow as investors are looking to buy on dips, with subscription volumes reaching nearly 350 million shares during intraday trading [1]. Group 1: Index Characteristics - The CSI A500 Index features a comprehensive and balanced industry distribution, achieving 100% industry coverage and employing industry-neutral treatment, making it a better representative of the A-share market [1]. - The index includes leading companies from various sectors, comprising 76 "Dragon One" companies from the CSI third-level industries and 90 companies classified as "Dragon One," "Dragon Two," or "Dragon Three" [1]. - The composition of the CSI A500 Index consists of approximately 50% traditional value industries and 50% emerging growth industries, reducing the presence of traditional sectors compared to the CSI 300, while incorporating more leaders from emerging fields such as power equipment, pharmaceuticals, electronics, and computers [1]. Group 2: Historical Performance - Historically, the CSI A500 Index has shown superior performance, with a total return of 381.34% since its base date as of July 31, 2025, compared to 307.56% for the CSI 300 and 343.31% for the CSI 800 [1]. - In previous bull market peaks in 2007, 2015, and 2021, the CSI A500 Index reached new highs since its base date, while the CSI 300 and CSI 800 did not achieve new highs [2]. Group 3: Investment Options - For external investors, there are options to invest in linked funds (Class A 022448, Class C 022449, Class I 022610) for portfolio allocation [3].

Core Viewpoint - The A-share market is experiencing a significant rise, with the Shanghai Composite Index reaching a ten-year high and the total market capitalization exceeding 100 trillion yuan, leading to increased bullish sentiment among investors [1] Group 1: Market Performance and Investor Sentiment - Despite the overall market rally, many investors feel they are not profiting or even lagging behind the index, humorously referring to themselves as "missing the bull market" [1] - Since 2018, only four out of over 2000 equity mutual funds have consistently outperformed the CSI A500 index annually [1] Group 2: Challenges in Beating the Index - The acceleration of market rotation and increased volatility make it challenging for investors to consistently select winning sectors and stocks [2] - The structure of broad market indices, such as the CSI A500, is evolving towards greater balance, with traditional sectors like finance and real estate decreasing in weight, while emerging industries are gaining prominence [2] - Behavioral biases among retail investors, such as chasing trends and high-frequency trading, can negatively impact their returns [2] Group 3: Advantages of Broad Market Indices - Broad market indices provide a diversified investment approach, reducing risk by including a variety of quality stocks across different sectors [3] - The CSI A500 index covers a wide range of industries, ensuring representation of both traditional and emerging sectors, as well as different investment styles [4] - The balanced and diversified nature of broad market indices like the CSI A500 enhances their adaptability, performing well across different market conditions [5] Group 4: Comparison of Broad Market Indices - The CSI A500 index has a lower weight in traditional sectors compared to the CSI 300 index, incorporating more emerging industry leaders, which aligns better with the overall A-share market [7] - As of August 18, the CSI A500 index has increased by 9.32% year-to-date, outperforming the CSI 300 index, which rose by 7.74% [9] - Historically, the CSI A500 index has shown superior long-term performance, with a total increase of 363.05% since its inception, compared to 293.61% for the CSI 300 index [10] Group 5: Investment Products and Institutional Interest - The CSI A500 ETF (159338) closely tracks the CSI A500 index and has a competitive fee structure, making it suitable for long-term investment [13] - Institutional investors, particularly insurance companies, have significantly invested in the CSI A500 ETF, indicating confidence in its future performance [13][15]