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China Fund News reporter Cao Wenjing

Data from China Galaxy Securities Fund Research Center shows that last week (July 8 to July 12), the total funds of all stock ETF fundsNet inflow reached 12.924 billion yuanAs of July 12, stock ETFs have attracted a total of Reached 32.967 billion yuan。

Judging from the ranking of net capital inflows on July 12, Cathay Shanghai Composite Index ETF ranked first in net capital inflow, attracting 278 million yuan in a single day. In addition, many ETFs related to dividends and the Science and Technology Innovation Board also ranked first in net capital inflows.

It is worth noting that some ETFs under the leading fund companies have attracted market attention. On July 12, E Fund Science and Technology Innovation Board 50 ETF received a net inflow of 150 million yuan on the same day. In addition, E Fund's dividend ETF, CSI 100 ETF, Hang Seng Dividend Low Volatility ETF, ChiNext 200 ETF, etc. all received net inflows to varying degrees.

Among Hua Xia Fund ETFs, the benchmark treasury bond ETF received a net inflow of 35 million yuan, and the latest scale reached 250 million yuan; the 5G communication ETF received a net inflow of 15 million yuan, and the latest scale reached 7.565 billion yuan.

Zou Hui, general manager of the equity investment department of Industrial Bank Fund, believes that the overall outlook for the market is positive. First, various measures to stabilize growth have gradually taken effect, and the overall profits of listed companies will gradually stabilize and rebound; second, the Federal Reserve will begin to enter a cycle of interest rate cuts, which is beneficial to the liquidity of the valuation denominator; third, the current market valuation level is at a very low level in history, and there is very little room for downward movement. In terms of allocation direction, we are optimistic about the three key areas of high dividends, technology and medicine.

Guotai Fund said that in the short term, the market is expected to stabilize at a low level or rebound slightly. It is recommended that the main positions continue to be biased towards large-cap value, and technology themes are tactical opportunities. In terms of large-cap value selection, it is recommended to gradually shift from the previous financial and power to petroleum and petrochemicals, precious metals, construction, and telecommunications operators.

Editor: Xiaomo

Review: Xu Wen

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