The growth enterprise market index rose by more than 2% today, making a wave of “smart funds” a good start in 2022. The data show that as of January 11, the “smart funds” have fallen and bought more and more this year, spending more than 5 billion yuan to buy gem ETFs.
In addition to gem ETFs, Huatai Bairui CSI 300etf, Huaxia SSE 50ETF and other large market wide base ETFs have also received considerable capital inflows since the beginning of the year.
more than 5 billion yuan flows into gem ETF
In the shock adjustment market at the beginning of 2022, gem ETF has become the first choice for the layout of “smart funds”. E fund gem ETF and Hua\’an gem 50ETF have received a total capital inflow of 5 billion yuan.
Capital inflow since January (as of January 11)
Source: choice data
According to choice data, as of January 11, the share of e fund gem ETFs reached 4.737 billion, an increase of more than 20% compared with 3.901 billion at the end of last year. According to the average transaction price of RMB 30324 during the period, it attracted a capital inflow of RMB 2.535 billion in just a few trading days at the beginning of the year.
The scale growth of Huaan gem 50ETF is also fast. As of January 11, the share of 50 ETFs on Huaan gem had reached 7.809 billion, an increase of 30% compared with 6 billion at the end of last year. According to the average transaction price of RMB 13638 during the period, RMB 2466 million also flowed into Huaan gem 50ETF.
which sectors do funds prefer?
In addition to gem ETFs, Huatai Bairui CSI 300etf, Huaxia SSE 50ETF and other large market wide base ETFs have also received considerable capital inflows since the beginning of the year.
According to the statistics of choice, as of January 11, Huatai Bairui CSI 300 ETF fund shares reached 11.719 billion, an increase of 379 million compared with 11.34 billion at the end of last year. According to the average transaction price of RMB 49197 during the period, the “gold absorption” has been RMB 1.865 billion since the beginning of the year. The share of Huaxia SSE 50ETF increased from 21.204 billion at the end of last year to 21.553 billion, an increase of 349 million since the beginning of the year. According to the average transaction price of 3.2175 yuan during the period, “gold absorption” reached 1.123 billion yuan.
In addition, some industries and theme ETFs have also been bought by investors.
Specifically, the share of Huabao CSI medical ETF increased from 20.795 billion at the end of last year to 22.605 billion. Calculated according to the average transaction price of 0.6379 yuan during the period, it has obtained a capital inflow of 1.155 billion yuan since January; The share of low-carbon economy themed ETFs in the mainland of Huaxia CSI increased to 4.824 billion from 3.641 billion at the end of last year. Calculated according to the average transaction price of 0.9738 yuan during the period, the “gold absorption” has reached 1.152 billion yuan since January; Huabao China Securities all refers to the ETF share of securities companies, which increased to 22.184 billion from 21.147 billion at the end of last year. Calculated according to the average transaction price of RMB 1016 during the period, the “gold absorption” has reached RMB 1.142 billion since January.
Capital inflow since January (as of January 11)
Source: choice data
why is it so laid out?
In the view of market participants, the capital inflow of ETF since the beginning of the year reflects the views of institutional investors on structural opportunities in 2022 to some extent.
Looking forward to 2022, ChuangJin Hexin Fund believes that under the background of stability, the market structure will be relatively balanced, the market will continue to differentiate, but the style will tend to converge. Under the background of declining overall performance growth in 2022, the relative performance growth of medicine and consumption will be significantly higher.
For the securities sector, a fund manager in South China said that the roe of the securities industry improved relatively quickly. The rise of short-term prosperity has attracted a large inflow of short-term funds.
For the new energy sector, Cui Chenlong, manager of Qianhai open source fund, said that from the first week of the year, with excellent fundamentals, the new energy sector has experienced a large decline in the industry as a whole, which is a fact. The sharp increase in sales of new energy vehicles mainly comes from the rapid improvement of product power. In the future, the iterative speed of electric vehicles will be further improved, far exceeding the era of fuel vehicles, and its product advantages relative to fuel vehicles will be further expanded. The potential demand for new energy vehicles is huge, and the advantageous products continue to be in short supply. According to the long-term space judgment, the penetration rate of new energy vehicles is still low, and the future potential is still huge.
Li you of ChuangJin Hexin Fund believes that carbon neutralization is expected to be the industrial trend in the next five to ten years. Based on the setting tone of the central economic work conference, it is expected that the fiscal policy will be more active and advanced, the monetary policy will be moderately relaxed, the probability of the A-share market is dominated by structural opportunities, and the investment opportunities in relevant industries are optimistic.
