In January 2021, the on-market fund is about to usher in another wave of expansion, a number of ETFs will soon be launched, including the ETF CSI Biomedical ETF, many investors do not understand this kind of ETF, so ETF CSI Biomedical ETF is a kind of fund?
What is the ETF?
Wealthy CSI Biomedical ETF is a traded open-ended index fund that tracks the CSI Biomedical Index. This fund tracks the index by constructing a portfolio of stocks just like the index, and it can be purchased and redeemed as well as traded on-market.
The so-called CSI Biomedical Index is an index that takes A-share market listed companies related to the biomedical industry as the sample space, and selects the top 30 stocks as the sample stocks of the index based on the comprehensive ranking of market capitalization and liquidity, which reflects the overall operation of the biomedical industry and provides the market with indexed investment targets for the subsectors.
The fund is on sale from Jan. 18, 2021 to Jan. 22, 2021. Investors can choose between online cash subscription and offline cash subscription (offline stock subscription is not available for the time being).