Today (April 18, 2024), the CSI A50 Index fluctuated, and the price of A50 ETF Huabao (159596) fluctuated by nearly 2%, and the trading was extremely hot, with a turnover rate of 22.38%, ranking among the TOP3 of the same category! The trading volume was 306 million yuan throughout the day, an increase of more than 5% from yesterday!
Image source: Wind
It is worth noting that since April 15, A50 ETF Huabao (159596) has been officially included in the margin trading target, providing investors with more strategic tools to participate in core asset investment. With the intervention of leveraged funds, the liquidity of A50 ETF Huabao (159596) is expected to further increase.
In addition, according to the announcement on the official website of Huabao Fund, the A50ETF Huabao Feeder Fund (referred to as "Huabao CSI A50 ETF Initiation Connection", Class A code 021216, Class C code 021217) has been officially established on April 17 and will be open for subscription soon. The follow-up A50 ETF Huabao (159596) is expected to receive more capital and liquidity support.
Specifically, let's look at today's market. A50ETF Huabao (159596) rose 45 degrees in early trading, and the intraday price once rose to 1.003 yuan, and then fluctuated and fell back in the afternoon, and finally closed up slightly, but the daily line successfully won four consecutive yangs! 50 constituent stocks were mixed, Huayou Cobalt rose 4.99% to the top, Proya, Fuyao Glass, and Zijin Mining rose more than 2% to the top;
Image source: Wind
Yesterday afternoon, Liu Sushe, deputy director of the National Development and Reform Commission, said at the press conference that it will intensify the implementation of macroeconomic policies, make every effort to consolidate and enhance the positive trend of economic recovery, and promote the high-quality completion of the annual economic and social development goals and tasks.
There are also good news from the periphery. Ashmore, the international asset management giant, is reducing its exposure to Indian equities and is making China its top investment choice for its emerging market funds. The company believes that the Indian stock market is overhyped and overcrowded, while the Chinese stock market is expected to rebound.
In addition, Bank of America's monthly fund manager survey in April showed that investors' confidence in Chinese equities improved slightly, and their allocation to Chinese equities edged up for the second consecutive month. It is understood that the survey conducted an investigation of 224 asset management companies from April 5 to 11, and these institutions managed assets amounting to 638 billion US dollars (about 4.6 trillion yuan).
UBS Securities China equity strategy analysts believe that a new round of rebound may be brewing. At the beginning of the new year, the trend of the A-share market was weaker than expected. As government departments have spoken out intensively to demonstrate their determination to safeguard the capital market, market liquidity risks have been alleviated, and investor sentiment has stabilized and rebounded. In his view, the upward revision of earnings expectations and favorable policies on the high-quality development of the capital market will promote the A-share market to gain a new round of momentum in the second quarter.
The economic rebound is expected to be strong, which will help the market continue to improve, and the bullish funds will accelerate the pace of layout. In recent days, the share of A-share core broad-based A50 ETF Huabao (159596) has continued to rise, data shows that as of April 18, the ETF share has increased for 8 consecutive trading days, calculated according to the average trading price of the range, a total of 141 million yuan in the past 8 days. Positive buying funds reflect the market's confidence in the future of A-share core assets.
Image source: Wind
According to public information, the CSI A50 Index passively tracked by A50 ETF Huabao (159596) is the first A50 index compiled by a domestic index company in A-shares, which has unique strategic significance and compilation advantages:
(1) New benchmark for core assets: CSI A50 gathers the most representative leading companies in various industries and focuses on A-share benchmark core assets.
(2) Balanced industry distribution: The 50 constituent stocks are from 50 CSI third-level industries, taking into account both traditional industries and new economy industries.
(3) In line with the preference of foreign investors: the constituent stocks are all subject to Stock Connect, and the 50 constituent stocks together account for 40% of the market value of the A-share market held by northbound funds.
Pictures and data sources are Shanghai and Shenzhen Stock Exchanges, Huabao Fund, market data as of April 18, 2024.
Risk Warning: When participating in margin trading, investors are advised to carefully read the relevant business rules, business contracts and risk disclosures for margin trading, and prudently assess their own economic status and financial ability to avoid unbearable losses due to participating in margin trading. The underlying index of A50 ETF Huabao (159596) and its feeder fund is CSI A50 Index, the base date of the index is 2014.12.31, and the release date is 2024.1.2, and the composition of the index constituents will be adjusted in due course according to the rules of the index compilation. The index constituents in this article are for illustration purposes only, and the individual stock descriptions are not intended as investment advice of any kind, nor do they represent the position information and trading trends of any fund under the manager. The risk rating of the Fund and its feeder funds assessed by the fund manager is R3-medium risk, which is suitable for investors with an appropriateness rating of C3 or above. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors shall be responsible for any investment behavior determined independently. In addition, any opinions, analysis and forecasts in this article do not constitute any form of investment advice to the reader, nor do they assume any responsibility for any direct or indirect losses arising from the use of the content of this article. Fund investment is risky, the past performance of the fund is not indicative of its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the performance of the fund, so fund investment should be cautious.
The above content and data have nothing to do with the position of the interface and do not constitute investment advice. Do so at your own risk.