In the past 2023, the ETF market has received more than 500 billion yuan of net incremental funds, of which 4,741 funds have flowed into ** ETF products1.1 billion yuan.
Yang Delong, chief economist of Qianhai Open Source, said in an interview with the reporter that under the first grade, ETF products have been favored by investors, and some investors regard cross-border ETFs as investment tools for counter-cyclical layout.
Wind information data shows that in 2023, the annual share of ETFs will increase by 57234.6 billion copies, an annual increase of 3965% to 202 trillion copies. Specifically, broad-based ETFs are the most popular among investors, among which CSI 300 ETF, STAR 50 ETF, CSI 300 ETF E Fund, SSE 50 ETF and ChiNext ETF ranked among the top five in terms of net inflows during the year, with a total of 21085.8 billion yuan, accounting for 40% of the net inflow of funds in the ETF market.
Broad-based ETFs have the characteristics of risk diversification and can meet the diversified allocation needs of investors. Yuan Shuai, deputy secretary-general of the Zhongguancun Internet of Things Industry Alliance, told the reporter that the investment strategy of broad-based ETFs is relatively simple and suitable for all kinds of investorsIn addition, the continuous inflow of funds into broad-based ETFs also reflects the long-term optimism about China.
In addition, a number of ** companies have achieved further growth in the scale of ETFs. As of the end of last year, the ETF scale of ChinaAMC** was 38844.5 billion yuan topped the list, and the scale of ETFs under E Fund**, Huatai Berry**, Huabao**, Yinhua**, Cathay**, and Nanfang** also exceeded 100 billion yuan.
In terms of new products, data shows that in 2023, a total of 149 new ETFs** will be issued in the whole market, and the total size of newly established ETFs** will reach 7198.8 billion yuan. Among these newly established **, the industry with the largest increase in share was information;The theme with the largest increase in share was the CSI Healthcare IndexThe index with the largest increase in share is the STAR 50;The index with the highest returns is the Nasdaq Technology market capitalization-weighted.
In Yang Delong's view, the information industry is favored mainly due to the impact of market hot factors such as artificial intelligenceThe CSI Medical Index is favored mainly because the pharmaceutical ** has fallen sharply before, making it a better ** target and attracting the attention of funds.
Yuan Shuai said that in recent years, China's information industry has developed rapidly, with high growth and investment valueThe CSI Healthcare Index has benefited from the rigid needs and policy support of the medical industryThe share of the STAR 50 Index has increased significantly, indicating that the market is in favor of science and technology innovation assetsThe Nasdaq Technology Market Cap Weighted Index has higher returns, indicating that investors are bullish on global technology stocks.
Tian Lihui, dean of the Financial Development Research Institute of Nankai University, said in an interview with the reporter that investors' demand for diversified allocation and risk management will also continue to promote the development of broad-based ETFs. At the same time, with further segmentation of sectors and themes, it is expected that more sector- or thematic ETFs focusing on specific sectors will emerge. In addition, emerging areas such as cross-border ETFs and robo-advisors will also become the future development direction.
Reporter Wu Shan Trainee Reporter Peng Yanxiang.