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Stock indices adjusted collectively this week, with net inflows of more than 20 billion yuan in equity ETFs and cross-border ETFs in Shanghai and Shenzhen.

From the perspective of industry themes, semiconductor and chip-related ETFs are favored by funds, while wine and bank-related ETFs are sold off by funds.

ETFs saw a net inflow of more than 20 billion yuan this week

This week, the Shanghai and Shenzhen stock markets traded 3.22 trillion yuan, of which the Shanghai market traded 1.44 trillion yuan and the Shenzhen market traded 1.78 trillion yuan. As of the latest closing, the Shanghai Composite Index closed at 2862.19 points, down 1.49% for the week, and the Shenzhen Component Index closed at 8393.7 points, down 1.87% for the week.

Performance of major index-related ETFs this week

This week, market stock indices adjusted collectively. Among the five major index ETFs, ChiNext ETF and Science and Technology Innovation 50 ETF fell by more than 2%.

In terms of capital flows, the shares of CSI 300 ETF, SSE 50 ETF, Sci-Tech Innovation 50 ETF and ChiNext ETF increased by 1.615 billion, 1.753 billion, 918 million and 728 million shares respectively, while the shares of CSI 500 ETF decreased by 149 million shares.

The above five index ETFs had a total net inflow of approximately 10.2 billion yuan this week, of which the CSI 300 ETF had a net inflow of 5.5 billion yuan.

Overall, stock indices adjusted collectively this week, with net inflows of more than 20 billion yuan in equity ETFs and cross-border ETFs in Shanghai and Shenzhen.

Regarding the recent market, some securities firms said that the market with continuous bottoming out and shrinking volume is a bit boring, and the continuous accumulation of positive signals on the market has not yet seen a qualitative change. In terms of strategy, we should maintain activeness, and short-term speculation has a higher winning rate among the industry's low-level leaders. We should be patient in medium-term positions and wait for the emergence of clear right-side start signals for the market recovery.

Many semiconductor chip-related ETFs were bought by funds

In terms of industry-themed ETFs, there were 19 funds whose shares increased by more than 100 million shares this week. Among them, the Semiconductor ETF, Chip ETF (159995) and Chip ETF (512760) increased by 1.18 billion, 780 million and 430 million shares respectively, with net inflows of 833 million yuan, 560 million yuan and 343 million yuan.

In terms of capital outflow, six industry-themed ETFs saw their shares decrease by more than 100 million shares this week, with real estate ETF, liquor ETF and bank ETF shares decreasing by 6.22 billion, 437 million and 176 million shares respectively, with net inflows of 31 million yuan, net outflows of 250 million yuan and 220 million yuan respectively.

Chip semiconductor concept stocks generally fell this week, but funds accelerated inflows through ETFs, with the number of semiconductor ETF shares exceeding 30 billion this week.

Semiconductor ETF (512480) secondary market price and share changes

A brokerage firm said that data center AI chips and accelerators will continue to dominate the global semiconductor market, with shipments growing at a compound annual growth rate of 33% to 33 million units per year from 2023 to 2029. AI is driving demand for computing power, and the related industry chain is expected to continue to benefit.

It is also worth noting that the real estate ETF has seen a decline in fund shares due to the implementation of fund share consolidation.

The fund company stated that after the fund shares are merged, the total number of fund shares of the fund and the number of fund shares held by fund share holders will be adjusted, but the proportion of fund shares held by fund share holders after the adjustment to the total number of fund shares will not change.

Many broad-based ETFs hit 60-day lows this week

This week, there were 19 stock ETFs and cross-border ETFs with a trading volume of over 4 billion yuan, of which 7 ETFs had a weekly trading volume of over 10 billion yuan.

Looking at individual ETFs, the weekly trading volume of the CSI 300 ETF exceeded 18 billion yuan, and the weekly trading volume of the SSE 50 ETF and the Hang Seng Technology Index ETF exceeded 13 billion yuan.

It is worth noting that many broad-based ETFs hit new 60-day lows this week.

This week, the global stock market suffered a Black Monday, which was caused by multiple shocks: the weak US employment and economic data, the yen surged after the Bank of Japan's rare interest rate hike last week, and the geopolitical tensions in the Middle East, which dampened the confidence of global investors. However, the number of initial jobless claims in the United States last week fell sharply, which to some extent eased the market's concerns about the US economic recession.

Three ETFs to be launched next week

The stocks that funds hold heavily have always been a hot topic for investors, but there is usually a certain lag in the revelation of the stocks that actively managed funds hold heavily, while the targets of ETF layout are very clear. By tracking newly listed ETFs, you can usually discover recent hot stocks, and the incremental funds brought by newly listed ETFs are also worthy of attention.

Currently, no ETF has disclosed that it will be listed next week. Three ETFs have disclosed that they will be issued next week, tracking the SSE 50, CSI 500 and CSI 300.

Daily Economic News