Since the beginning of the year, a large number of funds have been borrowed through index funds.CtrnitrofueledpcdownloadDuring the year, the cumulative net capital inflow of ETF exceeded 350 billion yuan, among which wide-base indexes such as CSI 300 Index, CSI A50 Index, gem Index and SSE gem 50 component Index were favored by funds.
According to the statistics of Oriental Securities Research Institute, as of May 10, 2024, the scale is the largest.CtrnitrofueledpcdownloadThe target of ETF tracking is CSI 300, with a total size of 588 billion yuan, followed by Kechuang 50 (129.7 billion yuan) and CSI 500 (122.2 billion yuan). The broad base index is the largest in CSI 300, Kechuang 50, CSB 500, Shanghai 50 and gem.
In the stock non-broad-based index, securities companies, Hang Seng Technology, China Internet 50, Hang Seng Internet Technology Industry and China Certificate Chip (CNI) are the largest, Nasdaq 100 is the largest foreign stock index, SGE Gold 9999 is the largest commodity index, and China Securities short Finance is the largest bond index.
Last week, the net inflow of CSB A50 was up to 1.5 billion yuan, followed by securities companies, CSB convertible bonds and exchangeable bonds index, and the net outflow of CSI 300 was up to 6.4 billion yuan.CtrnitrofueledpcdownloadSince the beginning of the year, the net inflow of CSI 300 has been at most 258.8 billion, followed by CSI 500 and CSI 1000, and the net outflow of CSI 1000 has been 9.1 billion yuan at most.
Purchase and redemption data of the top 5 wide-base ETF products:
oneCtrnitrofueledpcdownload. Shanghai 50: the largest 50ETF of Huaxia Shanghai Stock Exchange is 114.679 billion, with a net capital outflow of 3.191 billion last week and an average daily turnover of 1.786 billion yuan last week.
2. Shanghai and Shenzhen 300: Huatai Berry Shanghai and Shenzhen 300ETF has the largest size of 207.465 billion, with a net capital outflow of 2.727 billion last week and an average daily turnover of 3.026 billion last week
3. CSC 500: the largest 500ETF of CSI in the South is 80.058 billion, with a net capital outflow of 2.849 billion last week and an average daily turnover of 2.183 billion last week.
4. CSI 1000: the largest 1000ETF of CSI in the South is 26.5 billion, with a net capital outflow of 2.013 billion last week and an average daily turnover of 1.299 billion last week.
5. Gem refers to: the largest ETF of Yifangda gem is 56.923 billion, with a net capital outflow of 799 million last week and an average daily turnover of 1.259 billion last week.
6. Kechuang 50: Huaxia Shanghai Stock Exchange Co., Ltd. has the largest 50ETF of 74.119 billion, with a net capital inflow of 183 million last week and an average daily turnover of 2.01 billion last week.
Purchase and redemption data of ETF products with high attention and top 5 in each category of theme funds:
1. Hong Kong stock series: Yifangda CSI overseas interconnected ETF is the largest 38.755 billion, Yifangda CSI overseas interconnected ETF capital inflow is up to 852 million so far this year, and Huaxia Hang Seng Technology ETF daily average turnover is the highest of 2.534 billion.
2. Brokerage series: the largest ETF of Cathay Pacific Securities Company is 31.233 billion, the net inflow of ETF funds of Hongzhong Securities Company from the beginning of the year to today is up to 281 million, and the average daily turnover of ETF of Cathay Pacific Securities Securities Company is the highest of 1.052 billion since the beginning of the year.
3. Science and technology series: the largest scale of Huaxia Guozheng semiconductor chip ETF is 22.289 billion. So far this year, the net capital inflow of Huaxia China card animation game ETF is up to 1.077 billion. So far this year, the average daily turnover of semiconductor ETF of Guolian Anzhong card is the highest of 733 million.
4. New energy series: the largest ETF of Huatai Barry China Securities Photovoltaic Industry is 9.68 billion. From the beginning of the year to today, the net inflow of ETF funds into Hongzhong Securities Photovoltaic Industry is up to 88 million. Since the beginning of the year, the average daily ETF turnover of Huatai Barry China Securities PV Industry is the highest of 451 million.
5. Medicine series: Huabao CSM has the largest ETF scale of 23.398 billion, and so far this series of funds have been net outflows. Since the beginning of the year, Yi Fang has reached Shanghai and Shenzhen 300, and the average daily turnover of ETF has reached 489 million.
6. Consumption series: the largest ETF of Penghua Zhong Zheng Liquor is 9.322 billion. Since the beginning of the year, the net inflow of the main consumption ETF of Guangfa Zhong Zheng Liquor has been up to 1 million. So far this year, the average daily turnover of Penghua Zhong Zheng Liquor ETF is the highest of 361 million.
7. Military industrial series: the largest ETF of Cathay Pacific China Securities military Industry is 7.975 billion, the net inflow of military industrial ETF funds of Huabao China Securities Securities has been up to 72 million since the beginning of the year, and the average daily ETF turnover of Cathay Pacific China Securities military Industry has reached the highest 255 million since the beginning of the year.
8. Dividend & state-owned enterprise series: Huatai Berry dividend ETF has the largest size of 18.703 billion. Year-to-date net inflow of Huatai Berry dividend ETF is up to 412 million. Huatai Berry dividend ETF average daily turnover is the highest of 462 million since the beginning of the year.
Southwest Securities said that from the perspective of management scale, the head-tail effect is particularly obvious. Large institutions basically concentrate the largest volume of the market, while the number of institutions with small management scale is relatively large, while the number of institutions with central management scale is relatively small.
According to Wind data, by the end of the first quarter of 2024, a total of 52 public equity fund companies have carried out ETF business, of which three fund companies have an ETF management scale of more than 200 billion yuan-Huaxia Fund, Yi Fangda Fund, Huatai Perry Fund, ETF management scale is 474.4 billion yuan, 364.9 billion yuan, 261.1 billion yuan respectively, while at the end of 2022, only Huaxia Fund's ETF is more than 200 billion yuan.
In addition, in addition to the three giant institutions, the number of institutions with more than 100 billion managed by ETF has also increased. Nine public fund companies have managed more than 100 billion yuan, from high to low: southern Fund 150.2 billion yuan, Castrol Fund 144.9 billion yuan, Warburg Fund 143 billion yuan, Cathay Pacific Fund 109.2 billion yuan, Yinhua Fund 104.5 billion yuan, Guangfa Fund 103.7 billion yuan. There are 23 institutions with a management scale of more than 10 billion, and basically all of them have only carried out rights and interests ETF business.