Which index fund is best, how to choose an index fund?
How to choose an index fund, we can choose the Shanghai-Shenzhen and Securities Index fund to settle!
1. Only choose the most promising country (China, the United States), do not consider Europe, Japan.
2. Overseas funds only buy core assets. Do not consider Hong Kong Small, H-shares Index funds, and S \u0026 P 500.
3. Mature Market (US, Hong Kong) Choosing a Pure Index Fund; underdeveloped Market (A Shares) Chooses Active Fund, Index Enhancement Fund.
Buffett said that in a mature market, the active fund is difficult to obtain excessive benefits, and the index fund to buy a lower management fee is a better choice.
Instead, underdeveloped markets, the active fund is easier to obtain excessive benefits.
The following is a detailed analysis of 4 index funds.
First, Nasdaq 100
This is a field fund, which does not understand the partner of the inner funds and off-site funds.
Generally, if a fund is in the field share, I will not buy a venue, because the trading cost in the field is lower.
NASDAQ 100, contains 100 stocks, the main position is a US technology stock, and the top 10 heavy warehouse shares account for 50% of the position.
Why don’t you choose a laminar to be more dispersed? Because my other ports have done a scattering risk. Excessive dispersion will sacrifice too much income.
The figure below shows that the United States 6 major US stocks representing the United States today, the main increase of the S \u0026 P 500 is contributed. The red line indicates that the S \u0026 P 500 of the 6 major technology stocks is basically not risen.
Buy a country’s stock, you have to buy their core assets, the core assets of US stocks are technology stocks.
Some large V like to buy STP Information Technology (161128), this fund does not include Google, Amazon, Facebook and Nefife, I am not optimistic.
Second, the middle of the Internet 50
Although the 50 written in the name, only 30 companies are included. Its top 10 heavy warehouse shares account for 92%, of which Tencent + Ali accounts for 62%.
Some small partners may buy online overseas China interconnection, the fund’s management fee is much higher, and Tencent + Ali only accounts for 20%, the Internet is a The strong industry, so I prefer to hold more Ali and Tencent.
Sentences are out of the question, the B station has not entered the top 10 heavy warehouse, and it is about 11th.
The interconnection also has an off-site fund (006327), and the field funds have approximately 90% of the in-laws.The remaining 10% of the position is a cash equivalent to deal with the holder’s redemption.
It can be seen that the off-site fund holds more cash. The ETF fund in the field, basically full warehouse holds stock, and the utilization rate of funds is higher.
Third, the secondary certificate 500 enhancement
This is an off-site fund and there is no market share. It tracks the media card 500 index and enhances the benefits by quantification. 
We contracted the income of the last 3 years index enhancements with other secondary certificates (below):
Index Enhancement Fund rose by 28%
Normal Index Fund Rose 2.3%
Smart Beta low fluctuations rose 5.5%
There were almost no differences in the income, and the index enhanced funds were basically excessively benefited from them. .
Why don’t I buy a Shanghai 300, an industry fund, Concept fund (5G, semiconductor)?
Do not buy Shanghai and Shenzhen 300, because my stock and active fund mainly hold Shanghai 300% of shares.
For me, buying a certificate 500 is more conducive to dispersion risk. In addition, the value of the estimate of the 20000 card 500 is also much lower than the Shanghai and Shenzhen 300, more investment value.
No industry fund is because I believe that I bought the active fund, and the industry’s turn is better than I do. Professional things, I will give it to the professional.
Do not buy a conceptual fund, because 5G, semiconductor these hot concept stocks, currently valuable too high, only hype value, no long-term investment value. I can’t judge when you should speculate with the big flow, when you decide, you will leave, so choose not to participate in the speculation.
Four, Hang Seng Index
This is the most investment value index fund. It is now in a broken state, that is, the low price (PB) is less than 1. The last reduction is 2016, then the bottom bottom is rising, and it has risen close to 80% (the picture below). Now the Hang Seng Index will dare to fall, I will dare to buy, it will be able to fall 20%, I will make a fortune. 
