11只中證A500ETF規模超百億，中證A500躍升為A股第二大寬基指數
指數化成為重要方向，中證A500相關產品發佈以來較受市場青睞。從首批中證A500ETF上市後的市場反饋來看，投資者對A500ETF的認可度較高。
目前場內跟蹤中證A500的ETF合計規模超過2000億元，超越科創50，成為僅次於滬深300的第二大寬基標的。
截至12月3日，11只跟蹤中證A500指數的ETF規模超百億。其中，國泰中證A500ETF、中證A500ETF南方、中證A500ETF景順、中證A500ETF富國、廣發中證A500ETF龍頭、招商A500指數ETF、華夏A500ETF基金、華泰柏瑞中證A500ETF基金、中證A500ETF摩根、嘉實A500指數ETF、中證A500ETF易方達最新規模為280.43億元、171.84億元、157.08億元、154.94億元、147.80億元、145.57億元、124.42億元、124.23億元、120.16億元、114.41億元、107.70億元、96.59億元、84.7659.98億元、41.39億元、32.34億元、27.24億元、22.86億元、22.83億元、20.29億元、19.32億元。
興業證券研報指出，從市值、行業、成分股等多維度來看：
中證A500以大中盤風格為主，市值暴露位於滬深300和中證800之間；細分行業覆蓋度高，行業契合未來經濟發展方向。指數與中證全指的行業配置最為接近；同時，指數包含眾多新質生產力行業。成分股聚焦大市值標的，龍頭與均衡屬性兼備。
指數表現長期業績優異。中證A500指數自基日以來的累計收益為361.48%，年化收益率8.01%，超越了上證50指數、滬深300指數及中證800指數。
估值水平，位於統計區間較低位置，具備配置價值。指數高盈利疊加高成長，把握優質龍頭資產。指數整體ROE高於中證500、中證800以及萬得全A；預期淨利潤增速均高於滬深300及中證800。
綜上，興業證券認為，中證A500指數的表徵性和可投資性俱佳，對於長期資金而言，中證A500是對A股更具代表性，並且容量更大的載體。
申萬宏源研報指出，跨年行情關注中證A500指數，邏輯基於：
（1）中證A500指數是A股核心資產的代表，且相比於滬深300指數，A500指數權重更偏向於成長風格。展望2025年，成長核心資產盈利有望邊際改善。從最新披露的2023年上市公司三季報推演，後續中游製造供給壓力有望大幅緩和，而科技、醫藥當前資本開支也仍處於供給低位，疊加需求側彈性以及低基數效應，2025年盈利預計邊際改善。從當前Wind一致預期來看，A500指數權重股中的電子、電力設備、醫藥、汽車、軍工等行業2025年盈利預測相比2024邊際提升。
（2）與傳統的成長風格指數相比，中證A500指數增加了基本面穩健的價值行業權重：與創業板指相比，中證A500指數在銀行、食品飲料、公用事業、家電等行業的權重更高，這部分行業作為價值穩定器，也更好地控制了指數波動性，中證A500指數在A股核心資產的配置上更加均衡。從歷史業績回溯來看，中證A500指數的累計回報以及夏普比率均優於滬深300指數和創業板指。
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