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Li Shuchao, reporter of China Fund News

On July 17, the Shanghai Stock Exchange Index fluctuated and adjusted, and funds attracted 26 billion yuan in a single day through stock ETFs, setting a record for a single day. Among them, the four leading products of the Shanghai and Shenzhen 300 ETFs had a total net purchase of 19.3 billion yuan, still the main force of attracting funds in the market.

The net purchase of 26 billion yuan has set a recent record. Industry insiders said that since the beginning of this year, the "national team" has continued to increase its ETF holdings, coupled with the current attractive valuation of A-shares, the allocation value of large-cap broad-based ETFs has become more prominent.

Net inflow of 26 billion yuan per day

Four CSI 300 ETFs attracted RMB 19.3 billion

The Shanghai Composite Index fluctuated and adjusted yesterday, the ChiNext Index barely rose, and the Beijing Stock Exchange 50 Index rose by more than 7%. In terms of industries, the food and beverage sector led the gains, liquor stocks performed actively, the real estate sector rose against the market trend, while consumer electronics stocks collectively adjusted and Apple concepts weakened.

Wind data shows that as of July 17, the total scale of 909 stock ETFs (including cross-border ETFs) in the market reached 2.05 trillion yuan. In yesterday's volatile adjustment, funds continued to flow in through stock ETFs, and the total market share of stock ETFs increased by 7.33 billion shares. According to the average transaction price in the range, the net inflow of funds was about 26.004 billion yuan.

In terms of capital flows,The CSI 300 ETFs under Huatai-PineBridge, E Fund, China Asset Management, and Harvest Asset Management attracted a total of 19.3 billion yuan, accounting for 74% of the total inflow of funds. In the volatile market, ETFs are still the main force in attracting funds.。

Among them, the net inflow of funds of Huatai-PineBridge CSI 300 ETF and E Fund CSI 300 ETF on the day exceeded 5 billion yuan. The CSI 300 ETF under Hua Xia and Harvest Fund attracted 4.6 billion yuan and 3.8 billion yuan respectively.

In terms of trading volume, the trading volume of the four CSI 300 ETFs yesterday also hit a record high since March 5 this year, with a total trading volume of nearly 23.5 billion yuan.

In addition to the four major CSI 300 ETFs, CSI 1000 ETF and CSI 500 ETF also saw a large amount of net buying. The CSI 1000 ETF under Southern, Huaxia, GF, and Fortune had a total of 5.8 billion yuan of net buying; the CSI 500 ETF under Southern Fund also attracted 2.2 billion yuan.

An industry insider said that in February this year, Central Huijin announced the expansion of the scope of ETF holdings, and will continue to increase the intensity and scale of holdings. At the relatively low point of the index this year, large-cap broad-based indexes such as the CSI 300 often ushered in huge amounts of funds to increase holdings. The entry of the "national team" and the attractiveness of A-share valuations have driven the market's enthusiasm for "bottom-fishing". As representatives of broad-based indexes, leading ETFs that track indexes such as the CSI 300, CSI 500, and CSI 1000 have also ushered in a large amount of funds to buy.

Lin Weibin, General Manager of Index Investment Department of E Fund Management, said that as the effects of macroeconomic and industrial policies continue to be released, the real economy will continue to recover, production will grow steadily, and demand will continue to recover. As far as the capital market is concerned, high-quality, high-dividend assets and some growth assets representing new quality productivity are still receiving more attention from the market.

In addition, the two Saudi ETFs that were listed recently, as well as the Science and Technology Innovation Chip ETF, Nasdaq 100ETF, Hang Seng ETF, etc., also had net buying funds of more than 100 million yuan yesterday.

Judging from the flow of funds in stock ETFs, leading fund companies are still the main force in attracting funds.

Data shows that on July 17, E Fund's ETFs received a total of 4.678 billion yuan in net inflows. Among them, the CSI 300 ETF (510310) received a net inflow of more than 5.2 billion yuan on the same day, and the latest scale of the ETF reached 157.005 billion yuan. China Internet ETF, Securities and Insurance ETF, H-share ETF, and Hang Seng Dividend Low Volatility ETF also received net inflows to varying degrees.

In terms of Hua Xia Fund ETF, its CSI 300 ETF (510330) received a net inflow of 4.598 billion yuan, and the latest scale reached 112.5 billion yuan; CSI 1000 ETF received a net inflow of 1.622 billion yuan, and the latest scale reached 16.385 billion yuan; Hang Seng ETF received a net inflow of 123 million yuan, and the latest scale reached 16.654 billion yuan.

Science and Technology Innovation 50 ETF, ChiNext ETF and other ETFs have the largest net outflows

In terms of capital outflow, the Sci-Tech Innovation 50 ETF had a net outflow of 534 million yuan yesterday, ranking first in the market. Among the broad-based indexes, the net outflow of funds from the ChiNext ETF and the Sci-Tech Innovation 50 ETF also ranked at the forefront of the market.

Among industry or theme ETFs, securities ETF and pharmaceutical ETF had net outflows of more than 200 million yuan yesterday, while chip ETF, brokerage ETF, semiconductor ETF and many other ETFs had net outflows of more than 100 million yuan.

However, judging from the volume of capital outflows and fund size, the net outflows of the above-mentioned products are mostly below 600 million yuan. Compared with the fund size of tens of billions of yuan, the flow trend of funds is relatively smooth and still within the normal fluctuation range.

Editor: Huang Mei

Review: Xu Wen

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