Since this year, the market has fluctuated sharply, and the issuance of funds has cooled down. In the first quarter, 386 new funds were established, raising a total of 273.8 billion yuan, and the issuance scale decreased by 74% year-on-year. The proportion of newly issued equity funds decreased, from 9.82% in January to 5.4% in March. However, ETF fund shares rose against the market, with a total increase of 173468 billion since this year, an increase of 16.88%. As of last Friday, the cumulative share was 1.2 trillion.
Since April, Shanghai and Shenzhen stock markets have shown a trend of shaking and grinding the bottom, and the three major indexes have fallen slightly. Market funds used ETF funds to get the bottom, and the total share of 677 ETF funds in the whole market increased by 10.545 billion in the month.
Many broad-based ETF fund shares tracking major indexes are differentiated. Since April, the shares of CSI 300etf, CSI 500etf and SSE 50ETF have decreased by 45 million, 191 million and 86 million respectively, while the shares of Kechuang 50ETF, gem ETF and mass entrepreneurship and innovation 50ETF with large decline in the tracked index have increased by 1.074 billion, 204 million and 162 million respectively, of which the share of Kechuang 50ETF exceeded 21 billion last week, a record high.
capital inflow
multiple industry theme ETFs
The share change of industry themed ETF funds generally revolves around the logic of undervaluation, and the share growth rate of real estate, steel and building materials ETF funds ranks first. The share growth of Huaxia Shanghai stock exchange financial real estate ETF fund was the highest, with an increase of 51.46% since April.
The shares of 12 industry themed ETF funds increased by more than 100 million during the month. Recently, the share of semiconductor funds has rebounded rapidly, and the share increment of theme funds in industries such as steel, chip and infrastructure ranks first. The share of China Lianan China Securities all index semiconductor ETF fund increased the most, reaching 472 million, an increase of 4.79%, and the latest share reached 10.317 billion, a new high in recent one year.
Looking at the extension of time, among the ETF funds with the highest share growth this year, there are many ETF funds tracking the Hong Kong stock market index, including Huaxia Hang Seng Internet technology ETF fund, Huaxia Hang Seng technology ETF fund, e-fund Hang Seng H-share ETF fund and Huatai birui South Dongying Hang Seng technology ETF fund, with share growth exceeding 4 billion.
On the whole, under the background of market shock, the intention of funds to reverse the market and copy the bottom is more obvious. Since this year, Huabao China Securities all refers to eight industry themed ETF funds, including securities ETF (brokerage ETF), GF China Securities infrastructure project ETF (infrastructure 50), Huaxia Guozheng semiconductor chip ETF (chip ETF), with an increase of more than 2 billion shares. In terms of growth, the shares of 11 industry themed ETFs, including Fuguo China Securities all refer to building materials ETF, Fuguo China Securities tourism theme ETF and Hua'an China Securities subdivided medicine ETF, increased by more than 100%. However, among the industry ETF funds with the largest share increment, the net value of many funds decreased by more than 20% or even 30% during the year.
44 stock ETFs
year net worth growth
Since April, 188 of the 616 equity ETF funds have achieved positive returns. According to the data, there are four with a return rate of more than 5%, namely GF CSI infrastructure project ETF, Yinhua CSI infrastructure ETF, Cathay CSI steel ETF and Cathay CSI infrastructure ETF Under the background of steady growth, ETF funds in infrastructure, real estate and building materials performed well.
In terms of the market during the year, the ETF of Huaxia feed soybean meal futures rose 24.38% this year, leading the market. Under the influence of weather, epidemic situation, geographical conflict and other factors, the price of soybean meal futures has risen steadily since this year, and the ETF of Huaxia feed soybean meal futures has successively hit a new high in net value. Recently, soybean meal futures peaked and fell as a whole, and the market shock was weak. In addition to soybean meal, gold ETF funds have generally fluctuated sideways recently, and the market performance is relatively low.
The net value of 44 equity ETF funds increased during the year. Cathay Pacific China Securities coal ETF (coal ETF), huitianfu China Securities energy ETF (energy ETF), GF China Securities all refers to energy ETF (energy ETF fund), Huaxia China Securities all refers to real estate ETF (real estate ETF fund) and other seven funds, with a net increase of more than 10% during the year. Coal ETF is the only equity ETF fund with a net increase of more than 20% during the year. From the top ten heavyweight stocks disclosed in the fund's annual report in 2021, the seven stocks have increased by more than 10% during the year, and Yankuang energy Shanxi Lu'An Environmental Energydev.Co.Ltd(601699) , Shanxi Coking Coal Energy Group Co.Ltd(000983) and other stock prices rose by more than 35% during the year.
Many institutions believe that at present, the "policy bottom" has appeared, and the market may be in the stage of grinding the bottom. China's steady growth policy is expected to be further strengthened, and the cost performance of equity assets continues to highlight. Boshi Fund said that the market liquidity environment was relatively determined in the second quarter, and the equity market is expected to continue to grind the bottom; Fixed income assets are more sensitive to broad currency and are expected to have small-level upward opportunities. Boshi fund suggested that in the second quarter, it should actively pay attention to the undervalued energy inflation chain, including oil, petrochemical, coal and green power; On the other hand, in the growth sector, it is suggested to pay attention to the new energy chain with deep adjustment, sufficient pressure release of congestion and still good prosperity, including photovoltaic and wind power.
