news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

China Fund News reporter Tian Xin

On July 22, the three major A-share indices closed down collectively, and funds continued to enter the market through stock ETFs.

Data on fund flows in the stock ETF market showed a net inflow of over 6.2 billion yuan on Monday, with broad-based ETFs still leading the way in attracting funds. Among them, the CSI 300 ETF, SSE 50 ETF, CSI 500 ETF, and SSE Index ETF saw a large amount of net inflow, while the Sci-Tech Innovation 50 ETF, Securities ETF, Wine ETF, and CSI A50 ETF saw the largest amount of losses.

It is worth mentioning that since July, stock ETFs as a whole have shown a trend of net capital inflows, and have attracted more than 127 billion yuan in total so far. Among them, the CSI 300 ETF under several leading public funds has seen a net inflow of more than 92 billion yuan, accounting for more than 70%.

Net capital inflow in a single day exceeded 6.2 billion yuan

CSI 300 ETF continues to lead in attracting funds

On July 22, the three major A-share indices fell slightly, with the Shanghai Composite Index falling 0.61% to close at 2964.22 points; the Shenzhen Component Index and the ChiNext Index fell 0.38% and 0.09% respectively. The wind power equipment sector rose sharply, and the software development, computer equipment, and Internet service sectors led the gains, while high-dividend assets weakened.

According to Wind data statistics, as of July 22, the total scale of 908 stock ETFs (including cross-border ETFs) in the market was 2.3 trillion yuan.

The flow of funds in stock ETFs shows that under the adjustment market, funds are still mainly net inflows. Although the total number of stock ETF shares decreased by 77 million on that day, the net inflow of funds exceeded 6.2 billion yuan based on the average transaction price in the range.

Judging from the net buying rankings, there were 14 stock ETFs with a net inflow of more than 100 million yuan on Monday, of which 12 were broad-based. The CSI 300 ETF, SSE 50 ETF, CSI 500 ETF, and SSE Index ETF became the main "money-attracting" funds.

Specifically, the CSI 300 ETFs under Huatai-PineBridge, E Fund, Harvest, and China Asset Management received a total net inflow of nearly 6.7 billion yuan on the day, and the trading volume on the day was slightly smaller than in the past. It is worth mentioning that the CSI 300 ETF has received a total inflow of more than 70.6 billion yuan in the past five days alone. After continuous capital absorption, the total scale of the four CSI 300 ETFs with a scale of more than 100 billion yuan has exceeded 660 billion yuan, and the Huatai-PineBridge CSI 300 ETF has become a "giant" with a scale of more than 250 billion yuan.

China Asset Management SSE 50 ETF and Southern CSI 500 ETF also had high net inflows, both exceeding RMB 400 million. Fuguo SSE Index ETF, E Fund STAR Market 50 ETF and Huabao CSI 100 ETF all had net inflows of over RMB 200 million. In addition, China Asset Management Hang Seng ETF, Penghua Dow Jones ETF, Harvest Chip ETF and Wanjia Dividend ETF were among the top in terms of net inflows.

The market is volatile, and ETFs under the top fund companies continue to be popular. Data shows that on July 22, E Fund's ETFs received a total net inflow of 1.251 billion yuan, of which the CSI 300 ETF received a net inflow of 1.167 billion yuan, bringing the scale of the ETF to 169.004 billion yuan; the Science and Technology Innovation Board 50 ETF also received a net inflow of 215 million yuan. In addition, the Hang Seng Technology 30 ETF, CSI A50 ETF, and SSE 50 ETF also received net inflows to varying degrees.

Among the ETFs under China Asset Management, the CSI 300 ETF received a net inflow of 753 million yuan, reaching 120.528 billion yuan, the SSE 50 ETF received a net inflow of 579 million yuan, reaching 119.817 billion yuan, and the Hang Seng ETF received a net inflow of 168 million yuan, reaching 17.044 billion yuan. In addition, the Hang Seng Technology Index ETF, Carbon Neutrality ETF, CSI 1000 ETF, and 5G Communication ETF all received net inflows of more than 10 million yuan.

Science and Technology Innovation 50 ETF, Securities ETF, Wine ETF,

CSI A50ETF and others are among the top losers

Some stock ETFs had significant net outflows, including nine with net outflows exceeding RMB 100 million, including the Science and Technology Innovation 50 ETF, Securities ETF, Wine ETF, and CSI A50 ETF.

Among the top 20 stock ETFs with the largest net outflows, there were three Science and Technology Innovation Board-related ETFs with a net outflow of more than 800 million yuan, two securities ETFs with a total net outflow of more than 340 million yuan, three CSI A50 ETFs with a total net outflow of nearly 270 million yuan, and two ChiNext-related ETFs with a net outflow of nearly 200 million yuan; in addition, industry ETFs such as liquor, medicine, dividends, utilities, and semiconductors also had net outflows to varying degrees.

Overall, if newly listed ETFs are excluded, stock ETFs have been dominated by net capital inflows since July, absorbing a total of 127 billion yuan during the period.

Among them, the net inflow of CSI 300 ETF under Huatai-PineBridge, E Fund, China Asset Management, Harvest Asset Management and other leading public funds exceeded 92 billion yuan, accounting for more than 70%; the net inflow of CSI 1000 ETF under Southern, GF, China Asset Management, and Fuguo exceeded 20.6 billion yuan. In addition, related ETFs such as CSI 500, SSE 50, and ChiNext also received considerable net inflows during the period. Science and Technology Innovation 50 ETF, CSI A50 ETF, securities ETF, chip ETF, bank ETF, and semiconductor ETF became the main directions of net outflow.

Pang Yaping, general manager of the index research department of E Fund Management, said that the cost-effectiveness of equity asset allocation is prominent at present. Although the endogenous repair of fundamentals has not yet fully emerged from high-frequency data, investor sentiment has dropped to a low level and funds are willing to deploy ETFs at low prices. The possibility of A-shares falling sharply again is not expected to be high. Against the backdrop of weak fundamentals and continued catalysis of policy expectations, high dividend styles and technology growth styles are expected to emerge from the rotation dominant market in July.

Editor: Captain

Review: Chen Mo

Copyright Notice

"China Fund News" enjoys the copyright to the original content published on this platform. Reproduction without authorization is prohibited, otherwise legal liability will be pursued.

Contact person for authorized reprint cooperation: Mr. Yu (Tel: 0755-82468670)