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  来源:北京商报

  北京商报讯(记者李海媛)继科创综指ETF后,相关增强产品也迅速上报。近日,易方达基金、嘉实基金、银华基金、永赢基金相继上报科创板综合指数增强策略ETF并获中国证监会接收材料,为业内首批科创板综合指数增强ETF。有观点指出,增强策略可通过主动选股和动态调仓,捕捉如芯片、生物医药、高端装备等细分赛道的超额收益。相关产品的推出有望为科创板持续引入增量资金,更好服务新质生产力发展和居民财富管理需求,助力资本市场投资端改革。

  4月15日,永赢基金递交的永赢上证科创板综合价格指数增强策略ETF的申请材料获中国证监会接收。前一日,易方达上证科创板综合增强策略ETF、嘉实上证科创板综合增强策略ETF、银华上证科创板综合增强策略ETF的上报申请也获监管接收。

  嘉实基金表示,此次上报的上证科创板综合增强ETF,是首批场内科创板综合指数的增强型ETF产品。科创板企业具有高成长性与波动性,传统被动指数产品通常难以充分挖掘板块超额收益,增强策略可通过主动选股和动态调仓,捕捉如芯片、生物医药、高端装备等细分赛道的超额收益。相关产品的推出有望为科创板持续引入增量资金,更好服务新质生产力发展和居民财富管理需求,助力资本市场投资端改革。

  回顾此前,上交所与中证指数有限公司于1月20日推出上证科创板综合指数及其价格指数,选取上交所符合条件的科创板上市公司证券组成指数样本,并将样本分红计入指数收益,旨在反映科创板市场包括分红收益的整体表现。

  嘉实基金指出,上证科创板综合指数采用总市值加权方式,指数行业分布与科创板全市场整体水平基本一致,全面覆盖了科技产业链的多个关键环节,并且广泛涉猎众多细分领域,成分股市值从7亿元到7900亿元不等,覆盖了大、中、小盘证券。其中,半导体、医疗器械、软件和光伏等行业数量和权重占比较高。

  为进一步完善科创板投资工具矩阵,今年2月,首批科创综指ETF成立。截至当前,已有27只科创综指ETF及相关联接基金(份额合并计算)成立。另据公开信息,当前仍有华泰保兴、华夏、华宝等多家基金管理人申请注册科创综指相关产品。

  永赢基金提到,从市场风格表现来看,科技成长主题是今年以来表现最好的。科创板今年整体表现亮眼,在4月7日调整下跌后,指数行情层面上,科创综指自2025年4月8日起至14日连续上涨5天,这不仅反映市场资金对科创板的青睐,也从侧面印证科创综指的投资吸引力在逐步增强。整体而言,科创综指在产业利好与估值优势的共振下,未来有望展现出更好的表现。

  前海开源基金首席经济学家杨德龙也提到,全年来看,A股和港股仍将延续2024年9月24日政策转向之后开启的“牛市”行情,呈现震荡上行态势,结构性“牛市”趋势愈发明显。科技板块无疑是这轮行情的“领头羊”,部分具有品牌价值的消费品和高股息红利股票也出现较好回升。

  展望后市,业内人士普遍看好后续科技领域的投资价值。易方达基金量化投资部总经理助理殷明认为,科创板定位“硬科技”,集聚了一批优质的战略新兴产业公司,科创综指作为科创板的重要核心指数,具有科技含量足、覆盖面广、市值分布与行业分布较为均衡的特点,较为适合采取多样化的量化策略进行增强。科创综指增强ETF产品给投资者提供了布局“硬科技”发展机会的又一工具,同时有望获取量化策略带来的超额收益,兼具流动性和量化增强优势。

  银华基金也提到,展望未来,AI产业趋势逻辑不变,“对等关税”下国产替代及信创产业链或迎来重大发展机遇,科创板投资价值凸显。凭借覆盖全面、表征性强、“硬科技”属性、高成长潜力与鲜明的政策导向,科创综指有望成为投资者布局科技创新前沿的利器。

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