This year is a big year for ETFs. Last week, ETF shares broke through the 2 trillion mark, hitting a record high. The share of many ** ETFs also hit a record high, among which the fastest growth in share is the broad-based ETF, Huatai Pineapple CSI 300 ETF, E Fund CSI 300 ETF, ChinaAMC SSE 50 ETF, E Fund ChiNext ETF and other shares have reached a record high.
The agency believes that at present, A-shares are still in the bottom area, the downward risk of the index is not large, and the index with appropriate dip allocation can be used, and the index with balanced industry and 1 dispersed constituent stocks may have better income performance.
The number of ETFs in the whole market exceeded 2 trillion.
Last week, the share of ETFs in the whole market exceeded the 2 trillion mark, hitting a record high. Wind data shows that as of December 19, the total share of ETFs in the whole market reached 201 trillion copies, the total size is about 197 trillion yuan. According to the analysis of industry insiders, at present, the overall valuation of the market has been at a historically low position, and the allocation of equity assets is cost-effective. Thanks to the characteristics of ETFs with low fees and convenient trading, more and more investors are taking advantage of ETFs to enter the market and increase their positions, which to a certain extent reflects investors' confidence in China's long-term economic growth and long-term A-shares. In the future, with the gradual implementation of favorable policies, the gradual improvement trend of the economy, and the market sentiment may continue to pick up, ETFs are expected to become the choice of more investors to enter the market.
The share of many ** ETFs also hit record highs, especially broad-based ETFs, which increased their shares sharply last week.
Last week, the CSI 300 index hit a new low for the year, but funds actively entered the market. Wind data shows that the share of Huatai Pineapple CSI 300 ETF increased by 27 last week0.2 billion shares, and the share rose to 340 as of December 244.7 billion copies, a new high. E Fund's CSI 300 ETF shares increased by 19 percent last week1.4 billion shares, and the share rose to 254 as of December 242 billion copies, also a record high. These two ETFs were the ETFs that increased the most in terms of share last week.
The shares of the two SSE 50 ETFs also hit new highs last week, with ChinaAMC SSE 50 ETF and E Fund SSE 50 ETF increasing their shares by 17 respectively last week6.7 billion copies and 108.2 billion shares, with a share of 334 as of December 242.9 billion copies and 398.7 billion copies.
The ** ETF whose share increased by more than 1 billion shares last week also included the ChinaAMC SSE Science and Technology Innovation Board 50 ETF, which increased its share by 143.6 billion copies, with a share of 1,050 as of December 246.4 billion copies, a record high.
ChiNext ETFs are also favored, with E Fund's ChiNext ETF share increasing by 4 last week9.8 billion shares, with a share of 225 as of December 249.4 billion copies, a record high.
In addition, broad-based ETFs such as Wells Fargo SSE Composite Index ETF, Huaan ChiNext 50 ETF, Bosera SSE Science and Technology Innovation Board 100 ETF, and GF SSE Science and Technology Innovation Board 50 ETF all increased their shares to varying degrees last week, all hitting record highs.
The share of industry ETFs increased and decreased.
A number of sector or thematic ETFs have also been ** last week, increasing their share and reaching record highs. For example, the game industry-related ETFs that have recently undergone major adjustments have been heavily spent*** The scale of the Cathay CSI Animation and Game ETF has been around 1.7 billion since December, and the share has increased sharply on December 22, from 17 on the previous day6.3 billion copies increased to 207.7 billion copies, exceeding 2 billion copies for the first time, a record high.
E Fund CSI Artificial Intelligence ETF, GF CSI Healthcare ETF, Invesco Great Wall CSI Dividend Low Volatility 100 ETF, and Ping An CSI New Energy Vehicle Industry ETF also hit record highs last week.
However, there are also some ETFs whose share has declined, and the ** ETFs with declining shares are dominated by sector or thematic ETFs. Among the top ETFs with the largest share decline, there are many ETFs in the new energy and consumer sectors. Huatai Pineapple CSI Photovoltaic Industry ETF and CUAM CSI 800 ETF are the two ** ETFs whose shares fell by more than 500 million shares last week. In addition, the share of ** ETFs such as Penghua CSI Subdivided Chemical Industry Theme ETF, E Fund CSI 300 Non-bank ETF, Tianhong CSI Photovoltaic Industry ETF, Tianhong CSI Food and Beverage ETF, and ChinaAMC CSI New Energy Vehicle ETF fell between 100 million and 300 million shares last week.
As for the reason why broad-based ETFs are more favored, Lin Weibin, general manager of E Fund** Index Investment Department, said that the core broad-based index** is a basic tool for investors to share the fruits of long-term economic growth. In general, the performance of the core broad-based index is related to the economic growth trend, and holding the core broad-based index for a long time can help investors share the fruits of economic growth and achieve wealth preservation and appreciation.
Some public offering ** people believe that the recent sharp inflow of funds into GEM related ETFs is mainly due to the return of the economic cycle and industrial cycle. In terms of industrial cycles, the top two weighted industries on the GEM, the new energy and pharmaceutical industries, are both expected to bottom out.
A-shares are expected to get out of the bottom zone.
Many institutions believe that the current index has little room to go down, the market is expected to get out of the bottom area, and the investment value of the broad-based index is worth paying attention to.
Wells Fargo** said that the New Year is approaching, and the New Year's Eve ** is worth looking forward to. Looking backwards, under the combined effect of the gradual recovery of the domestic economy and the emergence of the inflection point of global liquidity, A-shares are expected to recover ** and get out of the bottom area.
Bosera ** believes that looking forward to the market outlook, stock game will be the core feature of A-shares. Investors should be vigilant to changes in the market, do a good job in risk control, balanced allocation, considering that the current valuation level of the market is still at a historical low, you can use appropriate dip allocation.
For the investment of broad-based indexes, Lin Weibin said that the ** broad-based index represented by the CSI 300 index is worth paying attention to. On the one hand, the real economy continues to recover, and the valuation of core assets may be the first to recoverOn the other hand, judging from the current situation, the industry rotation speed is still in a high range, and the index with balanced industry and constituent stocks2 may have better return performance.