In recent years, the explosion of a series of intelligent applications, such as ChatGPT, Sora and Suno, makes people see the great potential of artificial intelligence in productivity and economy. The "2024 Government work report" proposes to further promote the innovative development of the digital economy, deepen research and development applications such as big data and artificial intelligence, and carry out "artificial intelligence +" action. There are broad prospects for business landing, and artificial intelligence in line with the policy direction, or a relatively clear main line of science and technology investment in the future. Seizing the investment opportunities burst out by scientific and technological innovation, Jingshun Great Wall Shanghai Stock Exchange Board 50 component Index Enhancement Fund (Class A)AcehighpokerClass C: 019768) is in the process of being released.
In terms of investment strategy, the Jingshun Great Wall Shanghai Kechuang Board 50 component Index Enhancement Fund will, on the premise of tracking the Kechuang 50 index, strive to achieve excess returns through quantitative strategies, and the fund position of no more than 20% can optimize individual stocks to enhance returns in the whole market.
From the perspective of the underlying index, the 50 stocks with high market value, excellent liquidity and strong innovation attributes in the Kechuang 50 selected Kechuang board are used as constituent stocks, bringing together the leaders of various science and technology plates to achieve comprehensive coverage of the science and technology plate. At the same time, Kechuang 50 also relatively focuses on semiconductor hard technology, which is a popular tool to grasp the artificial intelligence market. Wind data show that as of April 18, the weight of the semiconductor sector was close to 50% in the index. Specifically, the weight of the digital chip design was 21.Acehighpoker.7%, the weight of integrated circuit manufacturing is 11.5%, and that of semiconductor equipment is 10.9%. Kechuang 50 also has significant growth. The above homologous data show that between 2020 and 2022, R & D investment in Kechuang 50 increased from 16.2 billion to 50.4 billion, with an annualized growth rate of 76%, net profit from 23.4 billion to 71.4 billion, and an annualized growth rate of 75%.
At present, Kechuang 50 may usher in a better layout opportunity. As of April 18, the price-to-earnings ratio of the index was lower than the nearly 70 per cent since the listing, the risk premium was better than the 98 per cent since the listing, and the risk-return performance-to-price ratio was attractive, according to Wind. In terms of liquidity, the net purchase of 50 Kechuang shares by Beixiang funds during the year totaled about 9.1 billion yuan, a year-on-year growth rate of 10.3%. As the Fed's interest rate cut expectations continue to strengthen and foreign risk appetite further increases, the liquidity of Kechuang 50, which already has a valuation advantage, may be further improved.
It is reported that the new product will be configured by double fund managers. Among them, Li Haiwei has 21 years of experience in securities and fund industries at home and abroad and more than 18 years of investment experience, and has worked in BlackRock Group, the originator of quantitative investment. Xu Yujun has 14 years of experience in the securities and fund industry, nearly 10 years of investment experience, and also has rich experience in quantitative investment.