On September 26, the reporter of Futures Daily learned from the commodity futures ETF investment seminar held in Zhengzhou by ZCE and Jianxin Fund that ZCE will continue to strengthen the research and development and promotion of index derivatives while completing the supporting work of energy and chemical futures ETF, and cooperate with fund companies to do a good job of commodity futures ETF new product reserve.

Commodity futures ETF is a major breakthrough and innovation in the public fund industry. Risk diversification through asset allocation will be one of the main modes of future asset management business, and commodities and stocks, bonds show low or even negative correlation characteristics. Therefore, adding commodity products in the investment portfolio can play a role in dispersing portfolio risk and optimizing risk return.

In August this year, the Securities Regulatory Commission approved the listing applications of three commodity futures ETF funds, including the energy and chemical futures ETF co-operated by Jianxin Fund and ZCE. Its target is Yisheng ZCE energy and chemical futures index A, which includes power coal, PTA, methanol and glass. Its component commodities are representative and are well reflected by the core driving factors of commodity prices. The whole picture of commodities. The index dynamically adjusts the weight of components in the index according to the expected spot consumption and futures volume. The change of weight not only reflects the basic strength of components and spot demand, but also fully considers the activity of components in futures market.

At the meeting, the responsible person of ZCE said that for a long time, ZCE attached great importance to the compilation and application of commodity index. It took derivatives of commodity index as one of the key areas for future development and included them in the five-year development strategic plan of the exchange. In the next step, ZCE will continue to strengthen the research and development and promotion of index derivatives while completing the supporting work of ETF for energy and chemical futures. One is to track and maintain the ETF of energy and chemical futures. According to the market operation and actual demand, we should continuously optimize the management measures of holding quota and forced liquidation, continuously improve market liquidity, accumulate product operation experience, and lay a good foundation for promoting the R&D and listing of index futures and options. The second is to enrich the index derivatives system. On the one hand, we will continue to cooperate with fund companies to make good reserve of ETF new products for commodity futures. On the other hand, we will continue to cooperate with securities firms, banks and other institutions to research and develop bank structured deposits and financial management products based on the Yisheng commodity index, securities firms' earnings vouchers, futures management plans and other products. Third, we should actively carry out market research, strengthen R&D efforts, and compile and publish more commodity indices that meet the actual needs of the market.

Zhang Junhong, president of Jianxin Fund, said that commodity products are the scarcest among the basic products of asset allocation. Jianxin Energy and Chemical Futures ETF, together with other commodity futures ETF, can meet the urgent market allocation needs for such products. In addition, commodity futures trading threshold and professional requirements are high, it is difficult for ordinary investors to participate, commodity futures ETF provides ordinary investors with a convenient, transparent and low-cost investment tool.

For ordinary investors, commodity futures ETF is a new thing, and it still needs a process to participate in energy and chemical futures ETF investment. The purpose of this seminar is to provide suggestions for the cultivation and development of commodity futures ETF, including energy and chemical futures.

Participants believed that ETF is not only an effective tool for investing in energy and chemical commodities, but also a rare target for allocating domestic commodity assets. It is also the preferred investment target for hedging inflation risk.

9月26日，期货日报记者从郑商所和建信基金在郑州举办的商品期货ETF投资研讨会上了解到，郑商所将在做好能源化工期货ETF配套工作的同时，继续加强指数衍生品研发和推广工作，与基金公司合作，做好商品期货ETF新产品储备。

商品期货ETF是公募基金行业内的重大突破和创新。通过资产配置实现风险分散化将是未来资管业务的主流模式之一，而商品与股票、债券呈现出低相关甚至负相关的特征，因此在投资组合中加入商品类产品可以起到分散组合风险、优化风险回报的效果。

今年8月，证监会批准了三只商品期货ETF基金的上市申请，其中包括建信基金与郑商所合作的能源化工期货ETF，其标的为易盛郑商所能源化工期货指数A，包含动力煤、PTA、甲醇和玻璃等品种，其成分商品代表性强，受大宗商品价格核心驱动因子的影响，很好地反映了大宗商品的全貌。该指数根据成分品种的现货预期消费量和期货成交量对品种在指数中的权重进行季度动态调整，权重的变化既反映了成分商品的基本面强弱及现货需求情况，又充分考虑了其在期货市场交易的活跃程度。

郑商所相关负责人在会上表示，长期以来，郑商所高度重视商品指数编制与应用工作，将商品指数衍生品作为未来重点发展的领域之一，并列入交易所五年发展战略规划。下一步，郑商所将在做好能源化工期货ETF配套工作的同时，继续加强指数衍生品研发和推广工作。一是做好能源化工期货ETF跟踪与维护。根据市场运行情况和实际需求，不断优化持仓限额、强行减仓等方面的管理措施，持续改善市场流动性，积累产品运营经验，为推进指数期货和期权品种研发上市打好基础。二是丰富指数衍生产品体系。一方面，继续与各基金公司合作，做好商品期货ETF新产品储备。另一方面，继续与券商、银行等机构合作，研究开发基于易盛商品指数的银行结构性存款及理财、券商收益凭证、期货资管计划等产品。三是积极开展市场调研，加强研发力量，编制和发布更多符合市场实际需要的商品指数。

建信基金总裁张军红表示，在大类资产配置的基础性产品中，商品类产品是最为稀缺的。建信能源化工期货ETF和其他商品期货ETF一道，能够满足市场对该类产品的迫切配置需求。此外，商品期货交易门槛及专业性要求较高，普通投资者很难参与，商品期货ETF给普通投资者提供了一个便捷、运作透明且成本较低的投资工具。
对普通投资者来说，商品期货ETF是新生事物，参与能源化工期货ETF投资还需要一个过程。本次研讨会的目的就是为包括能源化工期货ETF在内的商品期货ETF培育发展建言献策。
与会人士认为，能源化工期货ETF不仅是有效的投资能源化工类商品的工具，也是国内配置大宗商品资产的稀有标的，更是国内对冲通胀风险的首选可投资标的。