The market continued to oversold and rebound this week, but the funds on the floor took the opportunity to leave. Calculated by the average transaction price of the range, the total net outflow of the six index ETFs this week was about 5.2 billion yuan, including a net outflow of 4.894 billion yuan from CSI 300 ETF and a net inflow of 1.049 billion yuan from CSI 500 ETF.
oversold rebound triggered a capital sell-off of 5.2 billion
The turnover of Shanghai and Shenzhen stock markets this week was 4.21 trillion yuan, of which the turnover of Shanghai stock market this week was 1.71 trillion yuan. As of the latest closing, the Shanghai index closed at 3490.76 points, up 0.8% for the whole week, and the Shenzhen composite index closed at 13549.68 points, up 1.78% for the whole week
performance of major stock indexes and related ETFs this week
The main stock indexes rebounded collectively this week. The Kechuang venture 50, Kechuang 50 and gem indexes rose 3.96%, 2.97% and 2.93% respectively, while the Shanghai Stock Exchange 50 rose less than 1%.
In terms of tracking major indexes, the shares of ETFs of six major indexes differentiated this week. Except that CSI 500etf increased by 139 million, the rest decreased. Shanghai and Shenzhen 300etf, Kechuang 50ETF, mass entrepreneurship ETF, Shanghai 50ETF and gem ETF decreased by 1.062 billion, 639 million, 243 million, 67 million and 31 million respectively.
On the whole, the market continued to oversold and rebound this week, but the funds on the floor took the opportunity to leave. Based on the average transaction price of the range, the total net outflow of the six index ETFs this week was about 5.2 billion yuan, of which the net outflow of CSI 300etf was 4.894 billion yuan and the net inflow of CSI 500etf was 1.049 billion yuan.
For the recent market trend, some securities companies said that the current gem refers to the initial end of the unilateral downward trend in the early stage. However, due to the lower volume of the two cities, the side reflects the lack of incremental funds and insufficient intervention. The main tone in the later stage may be repeated consolidation. It is suggested to focus on two main lines: one is infrastructure under steady growth, and the other is the direction of environmental protection.
bottom reading securities companies with more than 3 billion funds
In terms of industry themed ETFs, there were 10 funds with a share increase of more than 100 million this week, of which the 50 shares of securities ETFs, brokerage ETFs and infrastructure increased by 1.967 billion, 1.009 billion and 551 million respectively, with a net inflow of 2.101 billion yuan, 1.036 billion yuan and 698 million yuan respectively.
In terms of capital outflow, the share of 19 industry themed ETFs decreased by more than 100 million this week, and the shares of medical ETFs, pharmaceutical ETFs and carbon neutralization decreased by 1.134 billion, 610 million and 308 million respectively, with a net outflow of 621 million yuan, 323 million yuan and 480 million yuan respectively.
It is worth noting that the securities related ETFs with large decline this week obtained a substantial bottom reading of funds, and the total net inflow of three related ETFs was about 3.479 billion yuan.
The medical ETF (512170), which was bought by investors last week and had a record share, rose 7.88% this week. Some funds took the opportunity to leave the market, with a net outflow of 621 million yuan.
Overall, in terms of 375 industry themed ETFs, 197 shares increased this week, 178 decreased, and more than half of the fund shares increased.
gold related ETFs generally rose by about 3%
Commodity ETFs rose this week except for energy and chemical industry, which fell by 2.03%. Gold related ETFs rose by about 3%, while non-ferrous ETFs and soybean meal ETFs rose by 1.52% and 0.97% respectively. In terms of share, the share of three gold related ETFs decreased by more than 100 million, with a total net outflow of more than 2.6 billion yuan.
There were 29 cross-border ETFs with a turnover of more than 100 million yuan this week. In addition to tracking the rise of ETFs related to health care, education and some technologies, most of the others were adjusted, of which Hong Kong securities fell by more than 3%; In terms of share, China concept Internet increased by 1.3 billion.
next week’s passive fund allocation direction
The heavy position stocks of funds have always been the focus of investors’ attention, but the heavy position stocks of actively managed funds usually emerge with a certain lag, while the subject matter of ETF layout is very clear. By tracking the newly listed ETF, we can usually find the recent hot individual stocks, and the incremental funds brought by the newly listed ETF are also worthy of attention.
At present, there is no ETF disclosure, and it will be listed next week.
In terms of issuance, one ETF has disclosed that it will be issued next week. The data show that the tracking target of this ETF is CSI Zhixuan 1000 growth and innovation.
The CSI smart select growth innovation strategy index series takes CSI 300, CSI 500 and CSI 1000 as the sample space respectively, and uses factors such as quality, growth and innovation for sampling and weighting, in order to provide investors with multi factor strategic investment tools based on broad-based index. The top three heavyweights of the index are Jiangsu Sopo Chemical Co.Ltd(600746) , Guangdong Hybribio Biotech Co.Ltd(300639) and Nantong Jiangshan Agrochemical & Chemicals Co.Ltd(600389) respectively.
ETFs will bring passive funds to build positions next week. The largest heavy position stocks in the tracked index will undoubtedly be subject to more passive fund allocation. ETFs tracking the same subject will also benefit from the rise of passive funds.
