As of November 10, 11 fund companies have reported the wind power theme ETF, including Southern Fund, China Merchants Fund, Guangfa Fund, Huaxia Fund, Castrol Fund, Wells Fargo Fund, Huitianfu Fund and other public offerings. Analysts believe that under the trend of replacing new and old energy and reducing costs and increasing efficiency, the wind power sector is expected to become another important source of excess revenue for new energy tracks after electric vehicles, lithium batteries and photovoltaic.
Track China Securities Wind Power Industry Index
The CSRC website shows that as of November 10, 11 fund companies have submitted wind power theme ETF application materials, all of which have been accepted. From the perspective of product form, 11 wind power theme ETF are all in the form of index fund, and the tracking index is the CSI wind power industry index. For example, the products reported by China Merchants Fund and South China Fund are named China Merchants China Securities Wind Power Industry ETF and South China Securities Wind Power Industry ETF respectively.
According to the official website of the CSI, the CSI Wind Power Industry Index was released on April 29 this year. No more than 50 securities of listed companies involved in upstream materials and parts of the wind power industry, midstream turbines and other related equipment, and downstream construction and operation were selected from the Shanghai and Shenzhen markets as index samples to reflect the overall performance of the securities of listed companies in the wind power industry in the Shanghai and Shenzhen markets.
As of November 9, the top 10 heavyweights in the CSI wind power industry index are Mingyang Intelligence, Xinjiang Goldwind Science & Technology, Sinopec Science and Technology, Energy Saving Wind Power, Oriental Cable, Tianshun Wind Energy, New Qiang Alliance, Yunda shares, Daijin heavy Industry and Riyue shares. It is not difficult to find that most of the heavy stocks belong to the leading companies in the field of wind power. China Merchants Fund said that as of September 30, there were 33 constituent stocks in the CSI Wind Power Industry Index, with a total market capitalization of 1.0817 trillion yuan and a free circulation market value of 541.1 billion yuan, respectively. The average daily turnover of 33 constituent stocks in the past year was in the top 80% of all listed stocks on their stock exchange. Trading is relatively active.
It is expected to become a new tuyere.
A public offering person in South China said that wind power is one of the key directions for new energy to achieve large-scale industrialization. At present, public offering funds have made sufficient product layout in new energy vehicles, lithium batteries, photovoltaic and other races, but the theme layout in the field of wind power has just begun.
China Merchants Fund also pointed out that based on the carbon peak and carbon neutralization target, the renewable clean energy industry will usher in accelerated development. Wind power is rich in exploitable resources, clean and safe, and has the space to reduce cost and increase efficiency in the future, which is expected to become the main direction of new energy in the future.
According to a recent research report released by GF Securities Co., LTD. Development Research Center, public offering funds comprehensively increased the size of the new energy track in the third quarter. In addition to photovoltaic, new energy vehicles, energy storage, wind power track has also been added. HSBC Jinxin research director, fund manager Lu Bin said that the future will be relatively concerned about photovoltaic, wind power and other areas of energy innovation.
Two major layout ideas
Analysts pointed out that the investment logic of the wind power sector lies not only in the replacement of new and old energy, but also in reducing costs and increasing efficiency.
Liu Cunxin, assistant fund manager of Private Placement Network, said bluntly that recently, a number of wind power industry ETF products were reported, indicating that public funds are optimistic about the future growth of wind energy. Driven by the policy, the speed of wind energy installation continues to increase, the trend of large models of wind turbines continues, the cost is expected to continue to decline, and the rate of return of wind power projects can continue to increase. Can focus on fans, parts leading companies and spindle bearing links of the leading companies.
China Merchants Fund said that from the industry level, several major changes are taking place in the wind power industry: first, the cost has dropped sharply, and the winning price of land turbines already has a considerable internal rate of return without subsidies. The decline in the cost of wind power drives the enthusiasm of new installations; second, the trend of large-scale wind turbines is significant, which further promotes the reduction of unit costs in the whole industry. Third, the industrial chain accelerates localization. At present, a relatively perfect wind power parts industry chain has been formed in China. Under the stimulation of the three major policies of "large base project + retrofit of old units + wind power to the countryside", superimposed the rapid development of offshore wind power, investment opportunities in the wind power industry are worth looking forward to.