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China Fund News reporter Zhang Yanbei

On August 2, the A-share market fluctuated and adjusted, and stock ETFs attracted 6.9 billion yuan in a single day. In the five trading days last week (July 29 to August 2), about 36 billion yuan of funds flowed into the stock ETF market.

Net inflow of funds in a single day was 6.9 billion yuan

Raised 36 billion yuan in a single week

On August 2, the three major A-share indices collectively pulled back. As of the close, the Shanghai Composite Index fell 0.92% to 2905.34 points; the Shenzhen Component Index fell 1.38% to 8553.55 points; and the ChiNext Index fell 1.66% to 1638.30 points.

As of the net value update on August 2, the total size of the 910 stock ETFs (stock ETFs + cross-border ETFs) in the market was 2299.8 billion yuan. On that day, the overall net inflow of the stock ETF market was 6.931 billion yuan.

From the list of net inflows of stock ETFs, among the subcategories, broad-based ETFs had the highest net inflow, reaching 4.559 billion yuan, and industry ETFs had a net inflow of 718 million yuan. Specifically, GF CSI 300 ETF had a net inflow of 905 million yuan on the day, ranking first. Huatai-PineBridge CSI 300 ETF had a net inflow of 759 million yuan, ranking second.

ETFs under the leading fund companies are still favored by the market as a whole. Data shows that on August 2, the ETFs under E Fund received a total net inflow of 1.767 billion yuan, of which the ChiNext ETF received a net inflow of 691 million yuan on the same day, and the scale of the ETF reached 55.772 billion yuan; in addition, the CSI 300 ETF E Fund and the Science and Technology Innovation Board 50 ETF received net inflows of 568 million yuan and 294 million yuan respectively on the same day, and the Hong Kong Securities ETF and the Artificial Intelligence ETF also received net inflows to varying degrees.

Among China Asset Management ETFs, the SSE 50 ETF received a net inflow of 679 million yuan, with the latest scale reaching 123.439 billion yuan, and the Science and Technology Innovation 50 ETF received a net inflow of 338 million yuan, with a scale of 70.649 billion yuan. The chip ETF had a net inflow of over 100 million yuan, the Hang Seng Technology Index ETF had a net inflow of 46 million yuan, and the game ETF, CSI 500 ETF China Asset Management, and Hang Seng ETF had a net inflow of over 30 million yuan.

Looking at the longer term, stock ETFs attracted a total of about 36 billion yuan in the five trading days last week. In the two trading days since August, stock ETFs attracted nearly 9.5 billion yuan.

Some ETFs experienced net outflows

While the overall stock ETF market saw a small inflow of funds, some ETFs experienced large net outflows.

Specifically, many CSI 1000 ETFs had the largest net outflows, including Huaxia CSI 1000 ETF and Southern CSI 1000 ETF. Among broad-based ETFs, Harvest CSI 300 ETF and Huatai-PineBridge CSI 2000 ETF also had net outflows to varying degrees.

In addition, a number of industry-themed ETFs such as securities and military industry are also the focus of net redemption of funds, including Southern CSI All-Share Securities Company ETF, Cathay CSI Military Industry ETF, and GF CSI Military Industry ETF.

Looking ahead to the future market, Bosera Fund Analysis said that the meeting of the Political Bureau of the Central Committee on July 30 analyzed and studied the current economic situation and deployed economic work in the second half of the year, "strengthening macro-control, deepening innovation-driven development, deeply tapping the potential of domestic demand, and constantly enhancing new momentum and new advantages. Enhance the vitality of business entities, stabilize market expectations, and enhance social confidence." It is expected that the intensity of subsequent policies may increase, which will also play a positive role in market stabilization and recovery.

In the short term, Guotai Fund said that the Third Plenary Session of the 18th CPC Central Committee has deployed further comprehensive reform and the promotion of Chinese-style modernization. The combined monetary and fiscal policies will help core assets continue to rebound from oversold, especially telecommunications, medicine, finance, and technology. However, in the long term, the macro environment will be more complex in the second half of the year, and technology and security will still be the main policy lines.

Guotai Fund believes that the main positions can continue to be biased towards the value of the market, and pay attention to tactical opportunities in the technology theme. In the long term, the industry focuses on three directions: stable value assets, including electricity, precious metals, ships, rail transit, etc.; in technology, continue to be optimistic about the core stocks in the AI ​​chain; and be optimistic about the competitive enterprises that continue to strengthen their ability to go overseas to Asian, African and Latin American countries.

Editor: Captain

Review: Muyu

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