At the beginning of the year, cross-border ETFs appeared one after another with high premium trading tips, which were frequently searched for in the face of frequent temporary suspensions, and were still sought after by investors, and were once again on the hot search due to the one-day closing of new products.
On January 31, managers including E Fund**, ChinaAMC**, ICBC Credit Suisse**, etc. continued to issue premium risk warning announcements for their cross-border ETFs. At the same time, in order to protect the interests of investors, some products have been temporarily suspended.
In fact, E Fund US 50 ETF has issued premium risk warning announcements for 8 consecutive trading days. Despite this, investors' buying enthusiasm has not been affected, and **trading** continues to be above the net value.
The U.S. 50 ETF today continued to fall after two consecutive days of falling limits, and as of **, the ** is close to the falling limit, with an intra-market decline of 983%, and the premium rate is reduced to 371%, compared to 40% on Monday, when the premium peaked.
In the view of Huatai Berry, the reason for the premium is that the secondary market is active, and investors continue to have a large number of ETFs in the secondary market, which is much higher than the primary market, resulting in a greater increase in the secondary market than in the primary market.
Recently, many institutions have frequently reminded their cross-border ETFs of the risk of "high premium", and investors still can't bear to chase funds.
ChinaAMC Nikkei ETF and E Fund 50 ETF both have a turnover of more than 3 billion yuan today, and the trading popularity once again leads similar products. Among them, the turnover of ChinaAMC Nikkei ETF has exceeded 1 billion yuan for 12 consecutive trading days, and the turnover of E Fund 50 ETF has reached a record high today, and the scale has doubled during the year.
Due to the "T+0" mechanism, funds and chips are also exchanged repeatedly during the day.
E Fund 50 ETF 823 todayThe turnover rate of 46% is also the second highest in history, and the turnover rate of the two Nikkei ETFs is also over 400%.
What is noteworthy is that the stock of cross-border ETFs has been bought and suspended, and new products have also been robbed.
On the evening of January 30, China Universal announced that in order to ensure the smooth investment operation and protect the interests of share holders, the company decided to end the fundraising of China Universal MSCI US 50 ETF ahead of schedule. That is, the subscription deadline will be advanced to January 30, 2024, and from January 31, 2024, the subscription application of investors will no longer be accepted. Previously, the ** was originally scheduled to raise funds from January 30 to March 22, and the upper limit of the fundraising scale was 2200 million RMB.
Industry insiders pointed out that in the past two years, the volatility of stocks and Hong Kong stocks has been relatively large compared with the market performance of other overseas countries, and it is suitable to make certain investments to diversify risks.
With the continuous enrichment of cross-border ETF products, more and more investors choose to use ETFs to deploy overseas markets. Wind data statistics show that in 2023, cross-border ETFs will increase from 2,6614.5 billion copies increased to 4,3067.1 billion copies, an increase of more than 60%. In the first month of 2024, the share of cross-border ETFs increased by another 1374.5 billion copies.
Wan Qiong, deputy director of investment of Bosera Index and Quantitative Investment Department, said that QDII products will be relatively riskier because they involve investment in overseas markets. Therefore, QDII products are still suitable for investors with high risk investment ability, and investors will conduct corresponding risk level evaluation when investing in products, and investors should invest in products that meet their own risk level. Cross-border ETF connection** facilitates multi-dimensional asset allocation and diversified investment, which is conducive to diversifying portfolio risks. However, investors should pay attention to the risk-return characteristics of the underlying market to match their own risk appetite, and at the same time, they must also understand the operation rules of the assets behind the index, and cannot blindly follow the trend.
*Announcements, wind data).
Edited by Xu Nannan.