China's ** newspaper reporter Tianxin.
This Friday (February 2), 2700 points were lost and recovered, **ETF continued to stage a huge amount of funds**, with a net inflow of 20 billion yuan in a single day, and the flow of funds showed that in this week's adjustment**, **ETF showed a net inflow of more than 55 billion yuan, and only Huatai Berry, Harvest, E Fund and Huaxia and other 4 head** companies under the CSI 300 ETF totaled more than 32.9 billion yuan.
In the view of industry insiders, the market adjustment has been relatively sufficient, and it is expected to usher in an important bottom in the medium and long term soon. White horse growth is expected to prevail, and earnings have entered an upward period.
The net inflow of funds in a single week exceeded 55 billion yuan
From the perspective of ETF fund flow,In the wide range on February 2, funds continued to have a substantial net inflow of 20 billion yuan。Among them, Huatai Pineapple CSI 300 ETF, E Fund CSI 300 ETF, ChinaAMC CSI 300 ETF, Harvest CSI 300 ETF, and ChinaAMC SSE 50 ETF have the most significant net inflows, all exceeding 2 billion yuan.
And this week, the total share of **ETF increased by 2705.7 billion shares, measured by the average transaction price in the range, with a net inflow of 5527.3 billion yuan.
Judging from the net capital rankings, the net inflow of funds into 12 ** ETFs this week reached more than 1 billion yuan, and Huatai Berry, Harvest, E Fund, and ChinaAMC's four CSI 300 ETFs, as well as ChinaAMC SSE 50 ETF and E Fund ChiNext ETF showed significant net inflows, which were the absolute main force of weekly gold absorption.
Specifically, Huatai Pineapple CSI 300 ETF had a net subscription of 332.2 billion shares, with a net inflow of 107$3.9 billion; Harvest CSI 300 ETF net subscription 243.9 billion shares, with a net inflow of 8.1 billion$9.4 billion; E Fund CSI 300 ETF net subscription 454.8 billion shares, with a net inflow of 7.1 billion8.2 billion yuan. ChinaAMC SSE 50 ETF, ChinaAMC CSI 300 ETF, and E Fund ChiNext ETF saw net inflows of 69 per cent this week5.4 billion yuan, 68$2.9 billion and $2.91.1 billion yuan.
This means that in just one week, the total net inflow of CSI 300 ETFs under the four leading ** companies, including Huatai Berry, Harvest, E Fund and Huaxia, reached 32.9 billion yuan.
It is worth mentioning that among the top 20 ** ETFs with net inflows this week, CSI 300 ETFs occupy 6 seats, dividend theme ETFs reach 5, in addition, ChiNext ETFs and STAR 50 ETFs occupy 3 and 2 respectively.
For the dividend sector that continues to be popular, Xu Youhua, manager of Wells Fargo CSI Dividend Index Enhancement**, said that A-share investors are relatively cautious now, and in this environment, the attribute of dividend resistance will be sought after by funds; At the same time, in the context of the decline in domestic wealth management income and bond income, the current annualized dividend yield of nearly 6% of CSI Dividend is scarce. In addition, asset management products with low risk preference represented by pension FOF have recently paid more attention to the allocation of dividends, and there is also a demand for funds.
Geng Jiazhou, manager of Wanjia Company, believes that the market adjustment has been relatively sufficient, and it is expected to usher in an important bottom in the medium and long term soon. It is still clear that the domestic economy is stabilizing and improving, but the more pessimistic mood of the market ignores the marginal changes. At present, the market is concentrated in the defensive direction of dividend assets, which is not essentially a change in the values of investors, but a choice in the weak market. As more and more participants become aware of the fundamentals and new investment opportunities emerge, the dividend strategy as a transition is not the only option.
Some industry-themed ETFs are among the top in terms of "blood loss".
As of February 2, the total AUM of 840** ETFs in the whole market was 169 trillion yuan.
After the continuous development of large funds, the scale of many leading ETFs has reached a new level. For example, the latest net value of Huatai Pineapple CSI 300 ETF has exceeded 150 billion yuan, E Fund CSI 300 ETF is only one step away from the 90 billion yuan mark, and Harvest CSI 300 ETF has entered the 70 billion yuan camp.
From the perspective of net outflow of funds, as of the week of February 2, among the top 20 ** ETFs with net outflows, there were 5 broad-based ETFs, and industry-themed ETFs became the main force of "blood loss", and the net outflows of funds such as photovoltaics, semiconductors, and pharmaceuticals were among the top.
Specifically, the share of CSI 300 ETF decreased by 6 this week2 billion shares, with a net outflow of 20$1.6 billion; The share of Wells Fargo Hong Kong Stock Connect Internet ETF decreased by 196 billion shares, a net outflow of funds of 8$7.1 billion; The net outflow of funds from Huatai Berry Photovoltaic ETF and Guolianan Semiconductor ETF both exceeded 600 million yuan.
China Universal Wealth** said that the current valuation of A-shares has returned to the historical bottom range, and the growth of white horses is expected to prevail, and profits have entered an upward period. The new vitality of consumption, represented by medical health and intelligence, as well as related industries such as finance, have certain potential for valuation repair.
Looking forward to the future, Wu Wenyou, manager of China Commercial Company, said that relevant policies to stabilize growth and activate the capital market are expected to be introduced one after another, and market confidence is expected to be boosted. Among them, the sectors related to the counter-cyclical adjustment of the economy deserve attention. The industry trend of artificial intelligence is beginning to brew, and some companies are expected to benefit, and they need to select the best and subdivided fields. Industries with relatively certain medium- and long-term investment opportunities include high-end equipment manufacturing, integrated circuits, information technology application innovation, national defense and military industry, new energy, artificial intelligence, etc.
Editor: Captain Review: Xu Wen.