On April 12, the net inflow of northward funds returned. The net inflow on that day was 9.1 billion yuan. Fund Jun found that although the mood of China’s stock market is depressed recently, the trillion dollar capital group continues to increase its positions. The newly established active management ETF will increase its positions in Chinese stocks in the near future. Since the capital group launched these ETFs at the end of February, it has basically been in the state of continuously increasing its positions in China.
Let’s have a look.
capital group fully increased positions
Data show that the active management ETF under Capital Group, a well-known long-term investment institution in the United States, has continued to increase its positions in a number of Chinese stocks recently.
Capital group is an American asset management institution headquartered in Los Angeles. It is good at active stock selection, long-term investment and multi fund manager joint management system. The latest management scale is $2.6 trillion. It is also one of the global asset management institutions most respected by Chinese public offering and private placement leaders. At the end of February this year, the capital group launched six ETFs that actively managed ETFs Among them, 5 are stock products and 1 is fixed income products. Among the five stock products, three invested in the US market and two invested in the global market including the Chinese market.
Due to the active management of ETF, the position is updated every day, and the Chinese investment trend of the global asset management giant is exposed. Fund King continues to follow up to show you the latest trend of this trillion giant deeply rooted in China.
Fund Jun compared the fund’s recent position performance and found that from March 11 to April 11, two global market stock ETFs increased their positions in most Chinese stocks, which may be related to the overall growth of ETFs. For example, cgxu has continuously increased its positions in Chinese stocks Yaoming biotechnology, Wuxi Apptec Co.Ltd(603259) , ENN energy, Shenzhen Inovance Technology Co.Ltd(300124) , Kweichow Moutai Co.Ltd(600519) . Cggo increased its positions in two Chinese stocks ( Kweichow Moutai Co.Ltd(600519) , Ping An Insurance (Group) Company Of China Ltd(601318) ), emptied one real estate stock (Biguiyuan), and built a new position in lufax from March 21 to April 11.
Cgxu and cggo went online on February 22, 2022. At present, the scale of the two ETFs is between us $80 million and US $90 million. For the capital group, they are small-scale products. Many large funds under the capital group have reached US $100 billion and US $10 billion.
European giants shout: don’t ignore China
As of April 11, the net inflow of northward funds returned this week. The net inflow in the two trading days of this week was 3.375 billion yuan. So far in April, the net inflow of northbound funds seems to be better than the turbulent outflow last month.
In terms of individual stocks, only 9 stocks with a net inflow of more than 200 million yuan in the past seven days. Respectively, respectively, for the ‘ Midea Group Co.Ltd(000333) the.
The top 10 stocks with the largest net outfoutfoutfoutfoutfoutfoutfout are the 10 stocks that are the 10 stocks that have the biggest net outflow at the top of the net outflow. The 10 stocks that have the biggest net outflow at the top of the net outflow: the Tsingtao Brewery Company Limited(600600) 60036′ .
Among the heavy positions of foreign funds, Kweichow Moutai Co.Ltd(600519) , Contemporary Amperex Technology Co.Limited(300750) reappeared net inflow. Among bank stocks, China Merchants Bank Co.Ltd(600036) which has always been preferred by foreign investors suffered a net outflow, and Goertek Inc(002241) suffered a net outflow from Apple’s industrial chain.
It is worth noting that in the past seven days, China Vanke Co.Ltd(000002) this stock has ranked among the top 10 of the net inflow of funds from the north. In the past month, the past three months and the past year, China Vanke Co.Ltd(000002) has failed to rank among the top 10 of the net inflow of funds from the north, indicating that the interest of funds from the north in this stock has increased significantly in the past seven days. Whether this represents the overall intention of foreign capital to real estate stocks is a question worthy of consideration.
Fund Jun learned in the interview that some foreign investors are really optimistic about real estate stocks such as Vanke.
Northward funds withdrew significantly in March, but some institutions expressed that this panic was unnecessary. For example, Vincent Mortier, chief investment officer of Orient Agricole group, the largest asset management institution in Europe, said publicly in the media on April 7 that although China’s technology and real estate industry are facing uncertainty, China’s equity and debt are still relatively attractive. At present, these uncertainties have been reflected in the price, and there are still many attractive opportunities in the Chinese market, he said. He believes that customers who avoid Chinese assets have entered a misunderstanding because the price is cheap and the “visibility” of the policy has been greatly improved.
brokers said that the game industry is expected to meet
On April 11, the official website of the State Press and Publication Administration announced the approval list of domestic online games in April 2022. A total of 45 games have obtained version numbers, which are the first batch of domestic online games approved by the State Press and publication administration since July 2022.
According to media reports, Anxin Securities pointed out that the distribution of version numbers will be restarted, and the game sector is expected to usher in a new era.
1) valuation: the current valuation of the game sector is at the low level in the past 2-3 years. After the substantive suspension of the game version number in August 2021, it has been in the state of valuation repression. After the version number is restored, it is expected to start the first round of rebound and gradually repair the valuation level of the sector.
2) performance: after the release of version number is resumed, the online rhythm of new products of the game company will be accelerated, and the game industry is expected to usher in a new round of performance drive.
overseas China concept Internet sentiment continues to pick up
In April, overseas investors’ sentiment towards zhonggai Internet stocks warmed up. Since April, etf-kweb has absorbed a net inflow of US $12.88 million. The time has lengthened. Since March 1, the net capital inflow has been 264 million US dollars. It can be seen that kweb still attracted some overseas investors even in March when funds flowed out from the north.
Kweb includes Chinese Internet giants. The latest data show that the top ten heavy positions of KWEB include Tencent, Ali, Jingdong, Baidu, US group, Kwai Fu, NetEase, Ctrip and so on.
In addition, mchi, which tracks the MSCI China Index in April, also attracted a net inflow of US $118 million.
Tracking the ASHR of CSI 300, from March 1 to April 12, it encountered a net outflow of more than US $747 million.
This is a reversal from the trend that funds poured into the A-share index at the beginning of the year and avoided including overseas Chinese stock index.
