MindMap Gallery Index Fund Classification 20240122
my country’s current classification of index funds and their respective characteristics include broad-based index funds, industry index funds, Thematic index funds, Strategic index funds, etc.
Edited at 2024-02-03 23:18:26Avatar 3 centers on the Sully family, showcasing the internal rift caused by the sacrifice of their eldest son, and their alliance with other tribes on Pandora against the external conflict of the Ashbringers, who adhere to the philosophy of fire and are allied with humans. It explores the grand themes of family, faith, and survival.
This article discusses the Easter eggs and homages in Zootopia 2 that you may have discovered. The main content includes: character and archetype Easter eggs, cinematic universe crossover Easter eggs, animal ecology and behavior references, symbol and metaphor Easter eggs, social satire and brand allusions, and emotional storylines and sequel foreshadowing.
[Zootopia Character Relationship Chart] The idealistic rabbit police officer Judy and the cynical fox conman Nick form a charmingly contrasting duo, rising from street hustlers to become Zootopia police officers!
Avatar 3 centers on the Sully family, showcasing the internal rift caused by the sacrifice of their eldest son, and their alliance with other tribes on Pandora against the external conflict of the Ashbringers, who adhere to the philosophy of fire and are allied with humans. It explores the grand themes of family, faith, and survival.
This article discusses the Easter eggs and homages in Zootopia 2 that you may have discovered. The main content includes: character and archetype Easter eggs, cinematic universe crossover Easter eggs, animal ecology and behavior references, symbol and metaphor Easter eggs, social satire and brand allusions, and emotional storylines and sequel foreshadowing.
[Zootopia Character Relationship Chart] The idealistic rabbit police officer Judy and the cynical fox conman Nick form a charmingly contrasting duo, rising from street hustlers to become Zootopia police officers!
Index Fund Classification
Broad Index Fund
Common broad-based index funds
Shanghai Composite 50 Index (000016)
CSI 300 Index Fund (000399/399300)
Track the CSI 300 Index
Invest in the 300 largest and most liquid stocks in Shanghai and Shenzhen stock markets
The most representative index of the domestic stock market (representative index of large-cap stocks)
CSI 500 Index Fund (000905/399905)
Track the CSI 500 Index
Invest in 500 stocks of moderate size and good growth potential in Shanghai and Shenzhen stock exchanges
Representative index for mid-cap stocks
GEM Index Fund (399006)
Track the GEM Index
Invest in 100 stocks listed on GEM
Strategy Weighted Index Fund
dividend index
Shanghai Stock Exchange Dividend Index (000015)
The 50 stocks with the highest average cash dividend yield on the Shanghai Stock Exchange in the past two years
Based on large-cap stocks
CSI Dividend Index (000922/399922)
The 100 stocks with the highest average cash dividend yields in the past two years on the Shanghai Stock Exchange and Shenzhen Stock Exchange
Historical returns are better than the Shanghai Stock Exchange Dividend Index
Shenzhen Stock Exchange Dividend Index (399324)
The 40 stocks with the highest average cash dividend yield on the Shenzhen Stock Exchange in the past two years
Dividend Opportunity Index (CSPSADRP)
Developed by International Index Open Trademark S&P Inc.
Selection criteria
Earnings growth must be positive over the past three years
Net profit for the past 12 months must be positive
The weight of each stock shall not exceed 3%, and the weight of a single industry shall not exceed 33%.
The 100 stocks with the highest dividend yields that qualify for inclusion
Fundamental Index (000925/399925)
Pick stocks from four dimensions
operating income
cash flow
Net assets
dividend
CSI Fundamentals 50 Index (000925)
Select the top 50 companies based on four fundamental indicators
CCTV Finance 50 Index (399550)
Based on the five dimensions of "growth, innovation, return, corporate governance, and social responsibility", experts and market investment research institutions voted to select 50 stocks, 10 for each dimension;
Equipped with stocks of both large and small companies and evenly distributed across industries
Hang Seng Index Fund (HSI)
Track the Hang Seng Index
50 stocks to invest in the Hong Kong stock market;
H-Share Index Fund
H shares: companies registered in the mainland and listed in Hong Kong
To measure the performance of the stocks of these companies, the Hang Seng China Enterprises Index (State-owned Enterprises Index), or H-Share Index for short
Shanghai Composite 50AH Preferred Index
Nasdaq 100 Index (NDX)
The 100 largest companies (non-financial stocks) on Nasdaq, mainly global leaders in various industries
An index reflecting the overall Nasdaq market or U.S. high-tech trends
S&P 500 Index (SPX)
The most influential stock index in the United States, a representative of the traditional American economy (similar to the domestic CSI 300 Index)
The world's largest index fund
other
Shanghai Composite Index (000001)
All listed companies on the Shanghai Stock Exchange, reflecting the trend of all stocks
CSI 100 Index (000903)
Supplement to SSE 50
Select the 100 largest stocks from the CSI 300 Index to form the
CSI 800 Index (000906)
CSI 300 (large-cap stocks) CSI 500 (mid-cap stocks)
Including all large and medium-sized A-share companies
CSI 1000 Index (000852)
The largest 1,000 small-cap stocks excluding CSI 800
CSI All Index (399985)
Covers all A-share market stocks (excluding companies with serious losses and new companies that have been listed for less than 3 months)
There is no corresponding fund product
The main purpose is to facilitate statistics on the overall trend of A shares
equal weight index
All stocks selected are equally weighted
small cap index fund
value index
A distinctive strategy-weighted index
P/E ratio
Price per share/Net profit after tax per share
If the payout ratio is 100% and the dividends are not reinvested, how many years will it take to recoup the investment through dividends?
The lower
The shorter the investment payback period
The lower the investment risk
The price-to-earnings ratio level is used to evaluate stock prices.
<0: Profit is negative and displayed as “—”
1-13: Undervalued
14-20: normal level
21-28: Overvalued
>28: Speculative bubble appears
price to book ratio
Price per share/Net assets per share
Market price per share: the current price of an asset, the result of securities market transactions
Net assets per share: the value of the stock itself, measured at cost
Investment Analysis
Market price > Net assets: good asset quality and development potential (a company with a price-to-book ratio of 3 or above has a good image)
Market price < net assets: like goods sold below cost, they are disposal goods
It is necessary to determine whether the company will turn around in the future, such as asset restructuring, etc.
This is especially important for high-risk enterprises and when a large number of enterprise assets are physical assets.
Pay attention to the base of net assets per share, such as accounts receivable, holding shares in other companies, etc.
The price-to-book ratio is used to determine the stock price trend and is not suitable for short-term speculation.
The lower the P/B ratio, the smaller the risk
The price per share is not high
High embedded net asset value per share
Comprehensive consideration of market environment, company operating conditions, profitability and other factors
price to cash ratio
Share price/cash flow per share
The price-to-current ratio is used to evaluate the price level and risk level of a stock.
Not suitable for companies and industries with large capital expenditures
Used among peers
dividend yield
Total dividend amount for one year/current market price
Annual dividend expressed as a percentage of the last sale price of the stock
Simplified form of return on investment
Value stocks: stocks with high dividend yields but low price-to-earnings ratios, price-to-book ratios, and price-to-current ratios
The performance is better than the market capitalization weighted index, but not many in China
index fund
In the field
ETF funds
LOF Fund
FOF fund
A fund of investment funds that does not invest directly in stocks or bonds
QDII Fund
Invest in Hong Kong and overseas funds
Meaning: Qualified Domestic Institutional Investors
Using non-RMB transactions to resist RMB exchange rate risks to a certain extent
Among Hong Kong stock index funds, the most famous is the Hang Seng Index Fund.
off court
Industry Index Fund
According to the Global Industry Classification Standard (GICS): 10 first-level industries, 24 second-level industries, and 67 sub-industries
All have corresponding industry indexes, such as the CSI 800 primary industry index: 800 companies are divided by industry.
Material
optional consumption
Real estate industry
CSI 800 Real Estate Index
National Securities Real Estate Index
real estate equal weight index
Necessary consumption
Shanghai Composite Consumer Index
Shanghai Composite Consumer 80 Index
CSI Consumer Index
All consumption index
Liquor industry
CSI Liquor Index (399997)
energy
finance
The most representative cyclical industry
Industry introduction
Banking (the mother of all industries)
two incomes
Interest income: such as loan interest
Non-interest income: such as various handling fees and management fees
two fees
Interest expenses: such as interest on savings
Risk reserve fee: funds prepared by banks in advance to make up for the shortfall of loan customers in repaying their loans.
Bank income = two incomes - two expenses
The economy is down, the quality of customer repayments has declined, risk reserves have increased, and the country has cut interest rates to stimulate the economy: bank earnings have deteriorated.
Economic upswing: The country has raised interest rates to cool down the economy, and customer repayment quality has improved: Bank earnings have improved.
Bank classification
Banks that focus on interest rate gains: Deposits are profitable and loans are prosperous
Reduce deposit costs
Strictly control the quality of loan customers
Wide business distribution, diversification of loan risks, and reduction of risk reserve costs
Regional banks that rely on regional economic development
Excellent banks strive to "get rid of the cyclical nature of traditional interest spread income"
Business is concentrated in one area
Close relationship with local governments and enterprises, stable business
Banks focused on non-interest income
Serve as a platform between capital and loan customers
Interbank business deposits
Fund custody business
Asset Securitization
Get loan business
Package loans for sale
Use investor money to recover loans early
internet banking
Leverage information advantages to price client risk
Connecting fund providers and demanders
Related Index Funds
CSI Bank Index
Securities Industry (King of Cycles)
Not suitable for long-term holding: severe homogeneous competition, impact of Internet finance, ultra-low commissions, poor profitability
CSI Full-Time Securities Industry Index (399975)
Insurance
No pure index funds: few listed companies
Ping An of China
China Pacific Insurance
China Life Insurance
New China Insurance
Included in other financial index funds and non-bank financial index funds
index fund
financial industry index
SSE 180 Financial Industry Index
CSI 300 Financial Industry Index
All financial industry index
Due to the large duplication of companies included, the performance of the two indexes is quite similar.
Non-bank financial industry index (excluding banks)
40% insurance companies, 60% securities companies
CSI 300 Non-Silver Index
medicine
CSI Pharmaceutical Index (CSI 800 Pharmaceutical Index)
CSI Pharmaceutical 100 Index
SSE Pharmaceutical Index
All-in-one pharmaceutical index
Segmented pharmaceutical index
300 Pharmaceutical Index
500 Pharmaceutical Index
industry
information
telecommunications
Public utilities
Divide by specific topics: Find the corresponding company and upstream and downstream companies of related topics by topic
Elder care industry
CSI Senior Care Industry Index (Equal-weighted Index)
Pharmaceutical industry
consumer staples
Optional consumer industries
Environmental protection industry
policy driven industry
CSI Environmental Protection Index (000827)
Military industry
Largely affected by national policies and relatively difficult to invest in
CSI Military Industry Index (399967)
health industry
Internet industry
…
Thematic Index Fund
Features: Focus on a certain topic, with higher risks and potentially higher returns
Advantages: Income may be higher when the theme is booming
Disadvantages: Returns may be lower and risks higher when the theme is depressed
Strategy Index Fund
Features: Using a certain strategy to invest has higher risks and potentially higher returns
Advantages: Returns may be higher when the strategy is effective
Disadvantages: Returns may be lower and risks higher when the strategy is ineffective