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there is money again, so take action

2024-09-18

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on september 13, a-shares fell again. on that day, about 2.7 billion yuan of funds net flowed into the stock etf market, and the net inflow of broad-based etfs still ranked first.

the net inflow of funds in a single day was about 2.7 billion yuan

last friday, the last trading day before the mid-autumn festival, the three major a-share indices fell collectively, with the shanghai composite index closing down 0.48% at 2704.09 points, barely holding the 2700-point mark. the liquor sector fluctuated and fell, with kweichow moutai's share price falling below 1,300 yuan during the session, the first time since november 1, 2022.

as of the net value update on september 13, the total size of the 920 stock etfs (including cross-border etfs) in the market was 2.3103 trillion yuan. on that day, the overall net inflow of the stock etf market was 2.659 billion yuan.

looking at the list of net inflows of stock etfs, among the subcategories, broad-based etfs had the largest net inflows, reaching 2.459 billion yuan, while hong kong stock etfs had the largest net outflows, reaching 234 million yuan.

in terms of single-day funds, southern csi 1000 etf ranked first in the net inflow of stock etf funds on that day, attracting 701 million yuan in a single day. huatai-pinebridge csi 300 etf followed closely behind, with a net inflow of about 639 million yuan.

at the index level, on september 13, the csi 300 index had the largest single-day net inflow, reaching 884 million yuan, while the securities company index had the largest single-day net outflow, reaching 193 million yuan. in the past five days, the csi 300, csi 1000 and chinext index received inflows of more than 4.7 billion, 3.3 billion and 2.9 billion yuan respectively.

etfs under the leading fund companies continue to receive net inflows. on september 13, etfs under e fund management received a total net inflow of 611 million yuan, of which the chinext etf received a net inflow of about 400 million yuan on the same day, with a total scale of 59.129 billion yuan; in addition, the pharmaceutical etf, the science and technology innovation board 50 etf, the csi 300 etf e fund, and the china internet etf also received net inflows to varying degrees.

among hua xia fund's etfs, on september 13, the csi 1000 etf received a net inflow of 98 million yuan, with a scale of 20.48 billion yuan; the science and technology innovation 50 etf received a net inflow of 71 million yuan, with a scale of 66.05 billion yuan.

some etfs experienced net outflows

while the stock etf market as a whole received a net inflow of nearly 27%, some etfs experienced significant net outflows.

specifically, thematic etfs saw the most net outflows overall, with etfs in sectors including pharmaceuticals, brokerages, and dividends topping the list of net outflows.

bosera fund stated that the trading volume of the two markets has been less than 500 billion for consecutive days, indicating that the willingness of off-market funds to enter the market is still not strong. it is expected that a-shares may continue to operate in weak fluctuations. investors are advised to remain patient and continue to do a good job in asset allocation and fundamental tracking.

great wall fund believes that before the end of september, in terms of market investment style, in an environment where fiscal policy has not yet been introduced, the overall market style may continue, and low-valuation dividends and core assets may be the main direction.

in the view of great wall fund, in the short term, the market's elasticity is still weak, and the transaction volume has not increased significantly, so it is still mainly defensive. among dividend assets, cyclical industries may face the risk of falling commodity prices and increasing internal pressure of enterprises in the short term.