In January this year, the A-share market accelerated from the rotation of sectors to the turning green of several major stock indexes, and finally ended with an overall correction. As of last Friday, among the 632 non commodity ETFs in the whole market, 580 non commodity ETFs had a loss, and only 52 had a positive return within the year.
Although the "good start" market after the new year's day has not been realized, the market funds are still falling and buying. The overall non commodity ETF market had a net inflow of 68.218 billion yuan in January, and some public funds announced to purchase their own ETF products this week.
As the market funds increase their positions against the trend, will the post holiday "spring agitation" market expected by investors appear?
commodity theme ETF led the increase
In the case of the callback of most stock ETFs, the increase of commodity futures ETFs is more significant. As of last Friday, CCB energy futures ETF had a net growth rate of 15.65% this month, leading the market.
The other two commodity futures ETFs also rose by more than 3%. The return of Huaxia feed soybean meal futures ETF this month was 5.57%, and the return of Dacheng nonferrous futures ETF this month was 3.97%.
In addition, two products, including high dividend yield ETF of Chinese enterprises in Huaxia Hang Seng and high dividend yield ETF of Boshi Hang Seng Hong Kong stock connect, also increased by about 5% during the year. From the tracking index, the targets of these two products reflect the overall performance of high dividend securities. The common constituent stocks include China Shenhua Energy Company Limited(601088) , Industrial And Commercial Bank Of China Limited(601398) , Postal Savings Bank Of China Co.Ltd(601658) , Sinotruk Jinan Truck Co.Ltd(000951) , Bank Of China Limited(601988) .
ETFs in tourism, banking and other theme industries also performed well this month. However, there was differentiation in market capital flow. There are 9 ETFs of China Securities bank in the market, only 3 of which have received net capital inflow. Among them, the net inflow of ETFs of Huabao China Securities bank, the largest fund, is 64.68 million yuan, with the latest scale of 10.225 billion yuan; The remaining six products showed a net outflow of funds. The net outflow of Tianhong China Securities bank ETF exceeded 1.3 billion yuan, with the latest scale of 7.398 billion yuan.
On the whole, only four ETFs with the top ten gains received net capital inflows. Fuguo China Securities tourism theme ETFs had the highest net capital inflows in January, at 336 million yuan. As of January 28, the latest scale of the fund was 1.287 billion yuan.
ETF of military industry, medical and other theme tracks fell by more than 15%
In the decline list, 280 ETFs fell by more than 10%, 64 ETFs fell by more than 15%, 15 ETFs fell by more than 17%, and 2 ETFs fell by more than 20%.
Bosch China Securities Global China Education ETF has become the fund with the largest loss this year with a decline of 24%. Due to the impact of the "double reduction" policy, the net value of the ETF has fallen successively since it was listed in June last year. At present, the latest net value is 0.3520, a new low, falling by more than 64% since its establishment. However, the ETF still received an inflow of more than 100 million yuan in January. As of the end of January, the latest scale of the ETF was 579 million yuan.
Followed by Penghua Zhongzheng national defense ETF, the growth rate of net value of recovered units since the beginning of the year is - 20.41%. Overall, the ETF of military theme track fell by more than 18% on average.
In addition, ETF in medical, animation games, rare earth and other related industries led the decline. However, different from the list of gains, the market is optimistic about the ETFs with the highest decline as a whole, and most of them have received net inflows of market funds. For example, Huabao CSI medical ETF has fallen 17.77% this year. The net capital inflow in January was 1.536 billion yuan. By the end of January, the latest scale of the fund was 12.918 billion yuan, and the fund share reached 23.229 billion.
overseas Internet, CSI 300 and other broad-based ETFs "fall and buy"
With the overall adjustment of the market, the focus of market funds has shifted from the theme track of the industry to the wide-based index. Several wide-based ETFs have received billions of yuan of funds to buy, and the market has a strong atmosphere of "falling and buying".
As of last Friday, the net inflow of e fund China Securities overseas Internet ETF in the year reached 6.813 billion yuan, which was the ETF with the largest capital inflow in January. As of the end of the month, the latest scale of the ETF reached 37.585 billion yuan.
In the past year, in the case of the overall correction of individual stocks in zhonggai Internet industry, the gold absorption effect of many related ETFs was significant. Data show that in the past year, the share of e fund CSI overseas Internet ETF fund increased by 28.944 billion, with a share change rate of 867.25%. However, the ETF lagged behind in 2021, with a cumulative loss of 41.17%.
The heavy position stocks tracked by the ETF include Tencent holdings, Alibaba, meituan, jd.com, etc. in January this year, the overall market of Hong Kong stocks recovered. However, under the influence of uncertain factors such as the Federal Reserve interest rate meeting and geopolitics, the overall trend of the market fluctuated. E fund China Securities overseas Internet ETF has fallen 4.15% year to date.
In addition, broad-based products such as CSI 300, CSI 500, gem index and MSCI China A50 have also been favored by market funds. Huatai Bairui Hushen 300etf has fallen by more than 7% since the beginning of the year, with a net capital inflow of 6.075 billion yuan; Southern China Securities 500etf and e-fund gem ETF had a net capital inflow of more than 4 billion yuan in January; The net capital inflow of broad-based ETFs such as Huaan gem 50ETF and Huaxia Shanghai Securities science and technology innovation board 50ETF exceeded 3 billion yuan in January.
In January, the net capital inflow of huitianfu MSCI China A50 interconnection ETF exceeded 2 billion yuan, and the fund was also purchased by the fund company. On Thursday, huitianfu Fund announced that based on the confidence in the long-term healthy and stable development of China's capital market and the company's investment management ability, and in line with the principle of sharing risks and interests with the majority of investors, the company used its own funds of 200 million yuan to purchase its partial equity fund, namely huitianfu MSCI China A50 interconnection ETF.
In terms of the latest market scale, as of January 28, the largest non cargo ETF was Huaxia SSE 50ETF, with a value of 60.548 billion yuan. Since the beginning of the month, the ETF has outflow of nearly 4 billion yuan, but it is still the only non cargo ETF with a scale of more than 60 billion in the whole market.
Huatai Bairui CSI 300etf ranks second. With the substantial inflow of funds, the latest scale of the ETF is 57.493 billion yuan, less than 3 billion yuan away from the 60 billion yuan mark. China Southern Securities 500 ETF ranks third temporarily with a scale of 52.921 billion yuan.
