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China Fund News reporter Cao Wenjing

On the first trading day of August, funds continued to increase their holdings through ETFs, and the overall net inflow of stock ETFs was nearly 2.5 billion yuan.

Stock ETFs attracted nearly 2.5 billion yuan in a single day

Wind data shows that as of August 1, the management scale of 910 stock ETFs in the entire market reached 2.32 trillion yuan.

On August 1, the overall net inflow of stock ETFs was 2.493 billion yuan, with broad-based ETF products such as CSI 1000 ETF, ChiNext ETF, CSI 300 ETF, and CSI 500 ETF leading the way in net inflow. Among them, the CSI 300 Index-related ETFs had a net inflow of 724 million yuan yesterday, and received a net inflow of more than 21.6 billion yuan in the past five days.

It is worth noting that amid market volatility, ETFs under leading fund companies have gained overall favor. Data shows that on August 1, the total net inflow of funds under E Fund's ETFs reached 582 million yuan, of which the net inflow of ChiNext ETFs reached 360 million yuan, and the latest scale reached 56.018 billion yuan; E Fund's CSI 300 ETF, Sci-Tech Innovation Board 50 ETF, H-share ETF, and CSI A50 ETF also received varying degrees of net inflows.

Among the ETFs under China Asset Management, Hang Seng Technology Index ETF (513180) received a net inflow of 48 million yuan, with the latest scale reaching 20.286 billion yuan; Science and Technology Innovation 50 ETF (588000) received a net inflow of 38 million yuan, with the latest scale reaching 71.581 billion yuan; CSI 300 ETF China Asset Management (510330) received a net inflow of 23 million yuan, with the latest scale reaching 122.480 billion yuan. In addition, the net inflows of Carbon Neutrality ETF (159790), Chip ETF (159995), and CSI 1000 ETF (159845) also exceeded 20 million yuan.

Industrial Fund said that on the one hand, the policy statement boosted investor confidence and improved the inherent stability of the capital market; on the other hand, some industries and indexes were oversold in the early stage, and there was an objective demand for an oversold rebound. Looking ahead, it is expected that with the implementation of policies to stabilize domestic demand and the establishment of a policy tone to boost confidence in the capital market, the risk appetite of A-shares is expected to recover, and the valuation of low-level and oversold sectors will continue to recover.

Securities, military industry, semiconductor and other industry ETFs are the most "bleeding"

Judging from the net outflow rankings on August 1, industry ETFs such as securities ETFs, military ETFs, semiconductor ETFs, and gaming ETFs were at the top of the list in terms of “blood loss”. In addition, broad-based ETFs such as the CSI A50 Index ETF and the Shanghai Composite Index ETF also had the largest net outflow of funds.

In terms of industry allocation, ABC-Huarong Fund Management stated that in addition to adhering to the main line of high-interest dividends, on the one hand, it is necessary to pay attention to the leaders with high ROE and high free cash flow in various industries, represented by the components of the CSI A50 Index; on the other hand, it is necessary to pay attention to the direction of new quality productivity and industrial trends, including domestic AI applications and hardware, intelligent driving, low-altitude economy, aerospace, robotics and other fields.

Nord Fund said that it is paying attention to several aspects: First, technology sectors such as electronics and power equipment, which are supported by policies and whose fundamentals will improve in the future; second, sectors that have suffered large declines in the previous period, have been properly adjusted in valuations, have reasonable dividend yields and are expected to achieve certain growth in their own performance, such as consumer goods and pharmaceuticals; third, some cyclical sectors whose internal competition landscape has changed for the better as the economy gradually enters a stage of stable growth.

Editor: Xiaomo

Review: Xu Wen

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