--- title: "How to catch a rebound in the Growth Enterprise Market (GEM) with the GEM Growth ETF?" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/26697216.md" description: "Introduction: The Growth Enterprise Market ETF (159967) focuses on high-growth potential companies in the Growth Enterprise Market. This article will delve into the investment value of the Growth Enterprise Market ETF (159967) from multiple dimensions, including its overview, tracking index, and performance. 1. ETF Overview The Growth Enterprise Market ETF (159967) was established on June 21, 2019, with a current market capitalization of 4.598 billion yuan (as of January 20, 2025), and belongs to the style-based broad-based ETF category. Currently, the top ten holdings of the Growth Enterprise Market ETF (159967)..." datetime: "2025-01-20T11:27:47.000Z" locales: - [en](https://longbridge.com/en/topics/26697216.md) - [zh-CN](https://longbridge.com/zh-CN/topics/26697216.md) - [zh-HK](https://longbridge.com/zh-HK/topics/26697216.md) author: "[土鸡瓦狗的ETF🐒](https://longbridge.com/en/profiles/11794570.md)" --- # How to catch a rebound in the Growth Enterprise Market (GEM) with the GEM Growth ETF? ![image](https://pub.pbkrs.com/uploads/2025/cad298fb164baa34fc765de82ab5e9b0?x-oss-process=style/lg) ## **Introduction:** The ChiNext Growth ETF (159967) focuses on high-growth potential companies in the ChiNext market. This article will analyze its investment value from multiple dimensions, including an overview of the ETF, its tracking index, and performance. * * * ## **1\. ETF Overview** **ChiNext Growth ETF (159967)** was established on June 21, 2019, with a current market capitalization of 4.598 billion yuan (as of January 20, 2025). It belongs to the **style-based broad-based ETF** category. **The top ten holdings of the ChiNext Growth ETF (159967) are shown below:** ![image](https://pub.pbkrs.com/uploads/2025/452c42dbd6949e3ef11b8edec31b41d4?x-oss-process=style/lg) Source: Wind, as of January 17, 2025 **2\. Tracking Index** **1) Index and Factors** The ChiNext Growth ETF (159967) tracks the **ChiNext Momentum Growth Index (399296.SZ)**, which is constructed based on a **Smart Beta strategy**. It primarily uses the **momentum factor** and **growth factor** to screen for stocks with **high growth potential and high elasticity**. **① Momentum Factor: This evaluates a stock's** **price performance over a certain period****, identifying companies with sustained upward trends. The momentum factor helps investors capture market trends.** **② Growth Factor: This focuses on a company's** **profit growth****,** **R&D investment****, and** **revenue growth rate****, selecting those with high growth potential. The growth factor helps identify promising growth stocks.** **2) Sector Distribution** The ChiNext Momentum Growth Index is relatively concentrated in sectors such as **information technology**, **industrials**, and **financials**. ![image](https://pub.pbkrs.com/uploads/2025/65e9bc7f42491b50e0ad1a79bbb64f63?x-oss-process=style/lg) Source: Wind, as of January 17, 2025 **3) Stock Selection** Specifically, the index selects **50 high-quality stocks** from over **800 ChiNext-listed companies**, considering free-float market capitalization. This methodology emphasizes **growth potential** and **momentum effects** rather than relying solely on market cap or liquidity. The advantage of this Smart Beta strategy is its potential to deliver higher excess returns over the long term while reducing reliance on a single factor. **3\. Differences Between "ChiNext Value" and "ChiNext Growth"** The ChiNext market comprises many high-growth, high-tech companies, while "ChiNext Value" and "ChiNext Growth" are two strategy indices based on the ChiNext market. They cater to investors with different risk appetites through distinct stock selection criteria and investment strategies. **① ChiNext Value:** The ChiNext Low Volatility Value Index (399295) primarily uses the **quality factor** and **low volatility factor** to screen for stocks with stable profitability, sound financial quality, and low volatility. It aims to provide a relatively stable investment tool for risk-averse investors. The ETF tracking this index is the **ChiNext Value ETF (159966)**. ![image](https://pub.pbkrs.com/uploads/2025/fa0a6bb1b0117b574b1df0490c6d9818?x-oss-process=style/lg) Source: Public data, as of January 17, 2025 **② ChiNext Growth:** The ChiNext Momentum Growth Index (399296) uses the **growth factor** and **momentum factor** to screen for stocks with strong growth potential and significant momentum effects. It emphasizes high growth and elasticity, making it suitable for investors with higher risk tolerance seeking high returns. The ETF tracking this index is the **ChiNext Growth ETF (159967)**. Therefore, **ChiNext ≠ "ChiNext Value" + "ChiNext Growth"**. They complement each other rather than being a simple sum. Following this logic, new indices and corresponding style ETFs can be established based on other factors. ![image](https://pub.pbkrs.com/uploads/2025/035bc388bd52d5e425c99018a5fef8e0?x-oss-process=style/lg) Source: Huofuniu, as of January 17, 2025 **4\. Investment Analysis** When the **market rebounds**, the following ETF selection order—from conservative to aggressive—can be considered: ① "Balanced" Broad-Based: Choose stable broad-based ETFs like the **A500ETF Fund**, which includes a basket of leading stocks. ② Style Broad-Based: Opt for style-based ETFs like the **ChiNext Growth ETF** to increase elasticity. ![image](https://pub.pbkrs.com/uploads/2025/23b82d4b53b28ac18421caf2e5b36e53?x-oss-process=style/lg) Source: Huofuniu, as of January 17, 2025 During market rebounds (i.e., when Beta is confirmed), the **growth factor** and **momentum factor** can significantly contribute to the returns of the ChiNext Growth ETF. ③ Cross-Sector Themes: Choose dual-strength sector ETFs like the **FinTech ETF**, which combines two strong sectors for balanced offense and defense. ④ Sector-Specific Themes: There are numerous **sector ETFs**, requiring mid-level decision-making. Fully exposing to a single sector increases risk.