Recently, A shares have continued to rebound.Baccarat888comBottom-reading funds flocked into broad-based ETF such as Shanghai and Shenzhen 300s. According to Wind data, as of April 29th, it had tracked the CSI 300 index.Baccarat888comThe combined size of the ETF reached 574.9 billion, almost double that at the end of 2023, while the CSI 300 has risen 14 per cent since it rebounded on Feb. 5. Under the multiple advantages, the Wells Fargo Shanghai and Shenzhen 300ETF (abbreviated as: 300ETF; fund code: 159300), which is owned by the Wells Fargo Fund, has been officially issued today, providing investors with a powerful tool for the layout of A-share core assets.

It is reported that the management fee of Wells Fargo Shanghai and Shenzhen 300ETF (300ETF; Fund Code: 159300) is 0.Baccarat888com.15%, escrow rate is 0Baccarat888com.05%, is currently tracking the CSI 300 index of 22 ETF, management fees and custody fees are the lowest. At the same time, with the support of rich countries' strong quantitative investment strength, the future development momentum of Shanghai and Shenzhen 300ETF should not be underestimated.

On the one hand, the Shanghai and Shenzhen 300ETF index tracked by rich countries is highly representative and is called the "economic barometer" of China's economy. The CSI 300 Index carefully selected the 300 listed companies with the largest market capitalization and the best liquidity in the Shanghai and Shenzhen stock markets, widely covering the core blue chips in China's A-share market. The performance of the index is often seen as a direct reflection of China's economic vitality and the overall trend of A-shares.

It is worth mentioning that the number of constituent shares in the CSI 300 index accounts for less than 6% of the total number of A-share listed companies, but the combined market capitalization of the constituent shares accounts for 67% of the total market capitalization of the A-share market. At the same time, the CSI 300 index performed relatively well in terms of dividends, with a dividend yield of 3.16% in 2023 and a total cash dividend of 1.2 trillion yuan.

Specifically, the CSI 300 Index components focus on A-share core assets, the market blue-chip attribute is prominent. The average market capitalization of index stocks is about 170.961 billion yuan. The top 10 stocks are Guizhou Moutai, Ningde era, Ping an of China, China Merchants Bank, Midea, Wuliangye, Zijin Mining, Yangtze River Power, Industrial Bank and Hengrui Pharmaceuticals, accounting for 22.16%. These companies are leading enterprises in various industries, with stable profits and strong anti-cyclical ability. With the continuous development of emerging industries, core assets are expected to further exert economies of scale, and the momentum of long-term growth in the future may be more significant.

Finally, from the perspective of industry distribution, the industry distribution of the CSI 300 Index is relatively balanced, including not only large traditional pro-cyclical industries, but also emerging industries with strong growth. The top five sectors in the index are banking (12.47 per cent), food and beverage (11.66 per cent), non-bank finance (9.16 per cent), electrical equipment (8.35 per cent) and electronics (8.25 per cent), accounting for 49.89 per cent, according to Wind. With the transformation of the economy from high growth to high-quality development, the adjustment of the CSI 300 Index has also "kept pace with the times", with traditional industries such as finance, real estate and iron and steel accounting for a larger decline, while the proportion of emerging growth industries such as electronics and power equipment has gradually increased.

It is reported that the proposed fund manager of Wells Fargo Shanghai and Shenzhen 300ETF is Jin Zeyu, PhD in Finance from Fudan University, with 6 years of experience in securities industry and nearly 2 years of fund management experience. He is currently a fund manager of Wells Fargo Securities 1000ETF, CSI 2000ETF and gem 200ETF, and has rich experience in index product management. Jin Zeyu believes that at present, the Shanghai and Shenzhen 300 shares' debt performance-to-price ratio has broken through the historical extreme value, while the Shanghai and Shenzhen 300 index has a strong pro-cyclical attribute, and the total weight of pro-cyclical listed companies in constituent stocks is close to 50%, which may benefit from economic repair. In addition, the PMI has rebounded significantly in March and stood on the rise and fall line, if the follow-up economy continues to rise, the CSI 300 index is expected to usher in valuation expansion, the allocation value is highlighted.