big news! central huijin increases its holdings significantly
2024-09-02
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as of the evening of august 30, broad-based etfs under huatai-pinebridge funds, e fund, china asset management, southern fund, harvest fund, gf fund, tianhong fund, and icbc credit suisse fund have all disclosed their 2024 interim reports.
by comparing the 2023 annual report, it can be found that in the first half of this year, the number of broad-based etfs invested by central huijin investment co., ltd. (hereinafter referred to as "central huijin") has increased significantly. in addition to traditional broad-based etfs such as the csi 300 etf, sse 50 etf, and csi 500 etf, central huijin also newly bought other broad-based etfs such as the chinext etf, sse star 50 etf, and csi 1000 etf.
continue to increase holdings of top broad-based etfs
based on the holdings at the end of 2023, central huijin continued to increase its holdings of leading broad-based etfs in the first half of this year.
wind data shows that in the first half of the year, central huijin increased its holdings of 48.589 billion shares of e fund csi 300 etf, 29.407 billion shares of huatai-pinebridge csi 300 etf, 18.044 billion shares of hua xia csi 300 etf, 16.862 billion shares of harvest csi 300 etf, 16.431 billion shares of hua xia sse 50 etf, and 6.255 billion shares of southern csi 500 etf.
combined with the net asset value of fund shares,as of the end of the second quarter, central huijin held 124.338 billion yuan of huatai-pinebridge csi 300 etf, 93.340 billion yuan of e fund csi 300 etf, 74.652 billion yuan of hua xia csi 300 etf, 70.811 billion yuan of harvest csi 300 etf, 70.309 billion yuan of hua xia sse 50 etf, and 41.189 billion yuan of southern csi 500 etf, with a total scale of over 470 billion yuan, more than four times the beginning of the year.
new purchases of other broad-based products
in addition to the leading broad-based etfs such as the csi 300 etf, sse 50 etf, and csi 500 etf,in the first half of the year, central huijin also bought other broad-based products such as the chinext etf, sse star 50 etf, and csi 1000 etf.
specifically, the broad-based products newly purchased by central huijin include: chinext etf under e fund, gf fund, and tianhong fund, csi 1000 etf under southern fund, hua xia fund, gf fund, and fullgoal fund, sse star 50 etf under e fund and icbc credit suisse fund, csi 500 etf under hua xia fund and harvest fund, and e fund sse 50 etf.
according to the net asset value of fund shares at the end of the second quarter, the cumulative size of the above broad-based etfs held by central huijin reached 77.593 billion yuan. among them, the size of central huijin's holdings of e fund chinext etf and southern csi 1000 etf are both over 17 billion yuan, and the size of its holdings of huaxia csi 1000 etf, e fund sse star market 50 etf, gf csi 1000 etf, and huaxia csi 500 etf is over 5 billion yuan.
overall,the total size of etfs held by central huijin increased significantly from around 110 billion yuan at the beginning of the year to around 570 billion yuan at the end of the second quarter.as of the end of the second quarter, the total size of stock etfs was approximately 1.81 trillion yuan. based on this calculation, the size of etfs held by central huijin accounts for about 30% of the total size of stock etfs.
taikang fund said that central huijin's increase in etf holdings will bring incremental funds to the market on the one hand, and central huijin's announcement of increasing etf holdings will help boost confidence in the capital market on the other hand. at the same time, various types of medium- and long-term funds are also expected to use etfs to deploy a-share assets.
from the perspective of the pace of increase in holdings, taikang fund said that large funds are more inclined to increase holdings of broad-based index etfs such as the sse 50, csi 300, and csi 500, which are mainly based on large-cap styles, in order to reduce market volatility and calm extreme emotions. from the perspective of the scope of increase in holdings, as the scale of etf increase in holdings expands, some of the current incremental funds have begun to increase holdings of small-cap style index etfs. this shows that etfs have become an important way for large funds to inject liquidity, provide incremental funds, and stabilize market sentiment.
(source: china securities journal)
