In the global commodity pricing model, crude oil, due to its high strategic attributes and concentrated production locations, exhibits strong sensitivity to geopolitical variables. Recent uncertainties in the Middle East have raised global concerns about oil and gas supply and some energy chemical products, leading to heightened attention on investments in the oil and gas sector. Against this backdrop, the Oil ETF Industrial and Commercial Bank of China (159017) will officially launch on April 7.
In the current complex and volatile macro environment, the oil and gas sector is becoming one of the focal points of market attention due to its clear industry logic and broad investment prospects. Analysis indicates that the upward trend in oil price centrality, the long-term strategy for national energy security, and the unique &#34;HALO asset&#34; attributes of oil and gas resources constitute the &#34;triple logic&#34; supporting the rise of this sector, marking a timely opportunity to allocate to the oil and gas sector.
As the core variable of the oil and gas industry, oil prices are determined by three factors: commodity attributes, financial attributes, and geopolitical factors. Currently, against the backdrop of tense geopolitical situations and a balanced supply-demand pattern, the centrality of oil prices is showing an upward trend. When the centrality of oil prices rises, the costs for upstream oil and gas extraction companies remain relatively fixed, and the increase in product prices can directly expand their profit elasticity, thereby boosting the prosperity of downstream sectors such as oil services, oil transportation, and petrochemicals.
On the policy level, China emphasizes energy security and the long-term strategy of increasing reserves and production. The &#34;14th Five-Year Plan&#34; clearly states: &#34;Adhere to the self-sufficiency of core oil and gas demand, implement a medium- and long-term strategy for increasing oil and gas reserves and production, and ensure that annual crude oil production remains stable at around 200 million tons, with natural gas production steadily increasing.&#34;
Moreover, oil and gas resources are typical and high-quality HALO assets, characterized as &#34;heavy assets, low obsolescence.&#34; This concept has been included in investment reports by institutions such as Goldman Sachs and Morgan Stanley this year. Amid increasing market concerns about AI replacement and tense geopolitical situations, HALO assets have quickly attracted market attention and drawn investments from various sources. Oil and gas resources possess characteristics of &#34;high barriers and low codification,&#34; making them typical and high-quality HALO assets.
The Oil ETF Industrial and Commercial Bank of China (159017) closely tracks the CNI Oil &amp; Gas Index (abbreviated as CNI Oil &amp; Gas, code: 399439.SZ). This index selects 50 companies involved in oil and gas exploration and development, oil and gas equipment and services, gas transmission and distribution sales, and other related fields from the Shanghai and Shenzhen stock exchanges, comprehensively covering the core industrial chain of oil and gas extraction, storage and transportation, and urban gas. According to the index compilation and constituent stock data, the weight of individual samples in the oil and gas exploration and development, and oil and gas equipment and services sectors in the CNI Oil &amp; Gas Index does not exceed 15%, with leading companies having higher weights and stronger representation. Compared to similar indices in the oil and gas industry and resources, the &#34;three major oil companies&#34; have a higher proportion in the CNI Oil &amp; Gas Index, accounting for nearly 40%, while their proportion in the oil and gas industry and resources is nearly 30%.
It is noteworthy that the CNI Oil &amp; Gas Index has shown outstanding historical performance, with significant dividend attributes, and to some extent, combines offensive and defensive characteristics. Wind data shows that as of March 25, the CNI Oil &amp; Gas Index has achieved a return of 112.29% over the past five years, with a dividend yield of 3.35% over the past 12 months, both outperforming similar indices in the oil and gas industry and resources, which had returns and dividend yields of 100.03%/3.05% during the same period
100.71%/3.3%.
The Oil ETF ICBC (159017), as an on-market index investment tool tracking the CNI Oil &amp; Gas, has high industry representativeness and possesses both offensive elasticity and defensive resilience to a certain extent, helping investors optimistic about the oil and gas sector optimize their portfolio structure in complex market conditions and seize energy cycle opportunities with one click.
Note: The base date for the CNI Oil &amp; Gas Index is December 31, 2002, with annual returns from 2021 to 2025 being 33.93%, 0.05%, 7.01%, 10.90%, and 10.13%, respectively. The CSI Oil &amp; Gas Industry Index base date is December 31, 2004, with annual returns from 2021 to 2025 being 25.51%, -2.14%, 7.52%, 6.29%, and 13.81%, respectively. The CSI Oil &amp; Gas Resources Index base date is December 31, 2014, with annual returns from 2021 to 2025 being 19.54%, -2.93%, 8.07%, 6.10%, and 14.88%, respectively.
Fund fee description: The trading fees for the Oil ETF ICBC are subject to the actual charges by the securities company. Subscription fee: For shares of S, when S &lt; 1 million shares, the rate is 0.3%; when S ≥ 1 million shares, the fee is 1,000 yuan per transaction. Purchase fee: When investors subscribe for fund shares, the subscription and redemption agent broker can charge a commission not exceeding 0.3%, which includes related fees charged by the stock exchange, registration agency, etc. Redemption fee: When investors redeem fund shares, the subscription and redemption agent broker can charge a commission not exceeding 0.3%, which includes related fees charged by the stock exchange, registration agency, etc. The management fee rate is 0.50% per year, and the custody fee rate is 0.10% per year.
Risk warning: The fund manager manages and utilizes the fund property in accordance with the principles of diligence, honesty, and prudence, but does not guarantee that the fund will make a profit or guarantee a minimum return. The Oil ETF ICBC is classified as an equity fund, with risks and returns higher than those of mixed funds, bond funds, and money market funds. This fund is an index fund that mainly adopts a full replication strategy to track the market performance of the underlying index, possessing risk-return characteristics similar to those of the underlying index and the stock market represented by the underlying index. Investing in ETFs will face risks such as fluctuations in the underlying index and the risk of deviation between the fund's portfolio returns and the underlying index returns. Funds carry risks, and investors should carefully read the &#34;Fund Contract,&#34; &#34;Prospectus,&#34; &#34;Fund Product Information Summary,&#34; and other legal documents before investing in funds. Based on a comprehensive understanding of the product situation, fee structure, charging standards of various sales channels, and listening to the suitability opinions of sales institutions, investors should choose investment varieties that suit their risk tolerance. Fund investment must be cautious

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The investment logic of the energy cycle continues to strengthen, and the Oil ETF ICBC (159017) will officially launch on April 7. Due to the uncertainty in the Middle East situation raising global oil and gas supply concerns, the oil and gas sector has become the focus of market attention. Analysis indicates that the upward trend in oil price centers, the long-term national energy security strategy, and the HALO asset attributes of oil and gas resources support the rise of this sector. On the policy level, China emphasizes energy security, ensuring that annual crude oil production remains stable at around 200 million tons. The Oil ETF closely tracks the CNI Oil & Gas Index, attracting various funds to increase investment

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The investment logic of the energy cycle continues to strengthen, and the oil ETF ICBC will officially launch on April 7th