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[Introduction] Last week, stock ETFs saw mainly net inflows, attracting a total of more than 22.7 billion yuan.

China Fund News reporter Tian Xin

On August 9 (last Friday), the Shanghai and Shenzhen stock markets continued to adjust, with all three major indexes closing down, and some funds choosing to lock in profits.

Data on capital flows in the stock ETF market showed that ETFs experienced a net outflow of over 1.2 billion yuan last Friday, among which dividend ETFs and ChiNext ETFs saw larger net inflows.

Although the A-share market was mainly adjusted last week, stock ETFs as a whole showed a net inflow of funds, with a cumulative "capital" of over 22.7 billion yuan.

Net outflow of funds in a single day exceeded 1.2 billion yuan

According to Wind data statistics, as of August 9, the total scale of 911 stock ETFs (including cross-border ETFs) in the market was 2.29 trillion yuan.

The fund flow of stock ETFs shows that under the volatile market, funds mainly flowed out last Friday. It is estimated that the net outflow of stock ETFs on that day exceeded 1.2 billion yuan.

Judging from the net buying rankings, only two stock ETFs had net inflows of more than 100 million yuan on Monday. Dividend ETFs and ChiNext ETFs had the highest net inflows.

Specifically, among the broad-based indexes, E Fund ChiNext ETF and Huaan ChiNext 50 ETF had net inflows of 166 million yuan and 97 million yuan respectively. Leading funds such as Southern CSI 300 ETF, Penghua Dow Jones ETF and GF Science and Technology Innovation 50 ETF led the way in net inflows.

In terms of industry themes, Wanjia Dividend ETF had a net inflow of 199 million yuan, Harvest Dividend Low Volatility ETF had a net inflow of 73 million yuan, and Huatai-PineBridge Hang Seng Technology ETF and Huabao Healthcare ETF also had relatively high net inflows.

The overall net inflow of ETFs under the leading fund companies continued. Data showed that on August 9, the ETFs under E Fund received a total net inflow of 192 million yuan, of which the gold ETF and the ChiNext ETF had net inflows of 193 million yuan and 166 million yuan respectively. In addition, the semiconductor chip ETF, the pharmaceutical ETF, and the Science and Technology Innovation Board 50 ETF also received net inflows to varying degrees.

Among China Asset Management ETFs, Hang Seng Technology Index ETF received a net inflow of RMB 46 million, reaching RMB 20.41 billion. CSI 300 ETF received a net inflow of RMB 13 million, reaching RMB 120.531 billion. Science and Technology Innovation 50 ETF received a net inflow of RMB 10 million, reaching RMB 69.489 billion.

SSE 50ETF, CSI 500ETF, CSI 1000ETF and others had the largest net outflows

On August 9, some stock ETFs saw significant net outflows.

Judging from the net outflow of funds, on Friday last week, only six stock ETFs had a net outflow of more than 100 million yuan, with the SSE 50 ETF, CSI 500 ETF and CSI 1000 ETF ranking the top in "bleeding".

Among the top 20 stock ETFs with net outflows, the SSE 50 ETF had a net outflow of more than 621 million yuan; the two CSI 500 ETFs had a combined net outflow of 470 million yuan; and the two CSI 1000 ETFs had a combined net outflow of 400 million yuan.

However, in the five trading days last week, stock ETFs as a whole saw mainly net inflows of funds, attracting a total of more than 22.7 billion yuan.

Among them, the CSI 300 ETF under Huatai-PineBridge, E Fund, GF Securities, and Hua Xia had a net inflow of over 10 billion yuan, accounting for nearly 50%; Hua Xia SSE 50 ETF had a net inflow of 4.232 billion yuan. In addition, the dividend ETF, semiconductor ETF, and Sci-Tech 50 ETF also received net inflows to varying degrees. At the same time, the CSI 1000 ETF and CSI 500 ETF had a large net outflow last week.

Looking ahead to the future market, Liu Jianwei, fund manager of E Fund Management, said that he is optimistic about the medium- and long-term investment opportunities in the equity market. The overall valuation level of the current market has already reflected lower expectations. Once the overseas interest rate cut cycle begins, the liquidity level is expected to improve significantly, and corporate profits will gradually resume good growth. The overall risk-return of equity assets is relatively good.

Wells Fargo Fund also said that in the context of weak domestic recovery, A-shares may be disturbed by the high volatility of overseas risk assets in the short term. However, the current A-share valuation, risk premium and other indicators still have good investment cost performance. With the continuous accumulation of positive factors in policies and fundamentals, the market stabilization signal is expected to gradually emerge.

Editor: Xiaomo

Reviewer: Chen Siyang

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