China's index investors are offered a powerful index analytics tool free of charge, after China Asset Management(referred as ChinaAMC below) released its upgraded "Red Rocket" mini-program last week.

The mini-program, initially launched last year embedded in Wechat, enabled average investors to look up the characteristics of an index, such as valuation, sector and individual stock exposure, and cross-product comparison. "Red Rocket" has accumulated over 10 million users one year after its launch.

LetfGo also adds a personal-computer version (ETF818.com) that enables big-screen view. An "industry See-through" section is added that allow users to examine detailed sector exposure (e.g, semiconductor industry is not treated as a whole but upper, mid and downstream sub-sectors) and supply-demand analysis.

Western investors have been presented with similar index analytics tools, often known as "portfolio visualizer". The difference is users have to pay for sophisticated analytics functions. For ChinaAMC's "LetfGo", it's all free.

"The tool is a showcase of ChinaAMC's commitment to user experience," said CEO Li Yimei during the Annual Index Funds Conference event. "We want to covert ChinaAMC's professional asset allocation capability into a wholesale solution that is clear, convenient and easy to access."