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Stock indexes fluctuated this week, with net inflows of more than 23 billion yuan in total for equity ETFs and cross-border ETFs in Shanghai and Shenzhen.

From the perspective of industry themes, medical, semiconductor, and chip-related ETFs are favored by funds, while securities and insurance-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 2.63 trillion yuan, a significant decrease compared to last week, with Shanghai trading 1.13 trillion yuan and Shenzhen trading 1.50 trillion yuan. As of the latest closing, the Shanghai Composite Index closed at 2879.43 points, up 0.6% for the week, and the Shenzhen Component Index closed at 8349.87 points, down 0.52% for the week.

Performance of major index-related ETFs this week

This week, the major stock indices in the market rose and fell. Among the five major index ETFs, the SSE 50 ETF rose by more than 1%.

In terms of capital flows, the shares of CSI 300 ETF, ChiNext ETF, Science and Technology Innovation 50 ETF, CSI 500 ETF and SSE 50 ETF increased by 1.478 billion, 967 million, 927 million, 729 million and 157 million, respectively.

The above five index ETFs had a total net inflow of more than 10 billion yuan this week, of which the CSI 300 ETF had a net inflow of 5 billion yuan.

Overall, stock indices rose and fell this week, and the net inflow of stock ETFs and cross-border ETFs in Shanghai and Shenzhen stock markets was about 23 billion yuan.

Regarding the recent market, some securities firms said that the July retail sales data of consumer goods and the added value of industrial enterprises above designated size released by the National Bureau of Statistics showed a steady growth trend, which has a positive boost to the market. In the short term, the market may start a volatile rebound pattern. Investors need to observe the sustainability of the subsequent rebound and the changes in volume. In terms of sector selection, it is recommended to pay attention to sectors such as finance, new energy, home appliances, electrical equipment, and TMT.

Medical and semiconductor-related ETFs are popular among investors

In terms of industry-themed ETFs, there were 12 funds whose shares increased by more than 100 million shares this week. Among them, medical ETF, semiconductor ETF and chip ETF increased by 732 million shares, 714 million shares and 307 million shares respectively, with net inflows of 214 million yuan, 495 million yuan and 273 million yuan.

In terms of capital outflow, the shares of 6 industry-themed ETFs decreased by more than 100 million shares this week. The shares of Securities and Insurance ETF, Shanghai State-owned Enterprise ETF and Science and Technology Innovation Chip ETF decreased by 247 million shares, 240 million shares and 216 million shares respectively, with net outflows of 141 million yuan, 170 million yuan and 204 million yuan respectively.

Chip semiconductor concept stocks were once again favored by funds this week, with the number of semiconductor ETF shares rising to 31.705 billion this week, a nearly six-month high.

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 worth noting that the number of shares of Shanghai State-owned Enterprises ETF decreased by 240 million to 8.687 billion this week, hitting a new low in the past year.

Shanghai State-owned Enterprise ETF (510810) secondary market price and share changes

Many ETFs hit 60-day lows this week

This week, there were 15 stock ETFs and cross-border ETFs with a trading volume of over 4 billion yuan, among which one ETF had a weekly trading volume of over 10 billion yuan.

From the perspective of individual ETFs, affected by large funds entering the market through ETFs to buy at the bottom, the weekly trading volume of the CSI 300 ETF exceeded 18 billion yuan.

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

Some fund managers said that there are already many high-quality stocks in various sectors of the current market that can be allocated. If there are irrational fluctuations in the second half of the year, they will appropriately speed up the pace of building positions, buy more as the price drops, and accumulate returns in the next two to three years. Often, when it is the most difficult time, we need to be more determined.

Two ETFs to be listed 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, there are two ETFs that will be listed next week, tracking the CSI Grain and CSI 300 Index.

One ETF has been disclosed to be issued next week, tracking the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index.

Investment is risky, independent judgment is important

This article is for reference only and does not constitute a basis for buying or selling. You should bear the risks of entering the market at your own risk.

Ye Feng, editor of Every Economic Review

Cover image source: Photo by Liu Siqi of Daily Economic News (file photo)

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