China Fund News reporter Tianxin
On April 29, A-shares and Hong Kong stocks continued to strengthen hand in hand, of which A-shares achieved 4 consecutive yangs, the Shanghai Composite Index stood at 3,100 points, a new high this year, and Hong Kong stocks achieved 6 consecutive yangs. Under the strong market, there are still funds running into the market.
The fund flow data of the stock ETF market shows that there was a net inflow of nearly 10 billion yuan on the same day. CSI 300 ETF, CSI 500 ETF, CSI 1000 ETF and SSE 50 ETF led the way in broad-based net inflows.
Since April, the overall net inflow of funds has been the mainstay, with a total of 22.8 billion yuan, and CSI 300 ETF, CSI 1000 ETF, coal ETF, dividend low-volatility ETF and other varieties are favored.
The single-day net inflow of funds was 9.8 billion yuan, and the broad-based index was still the main force of "gold absorption".
Wind data shows that as of April 29, the total size of 874 stock ETFs (including cross-border ETFs) in the whole market was 2.16 trillion yuan.
On April 29, the Shanghai Composite Index rose 0.79% to 3,100 points to close at 3,113.04 points, while the Shenzhen Component Index and ChiNext Index rose 2.22% and 3.5% respectively. Real estate, auto services, wind power, batteries, and energy metals sectors were among the top gainers.
From the perspective of stock ETF fund flow, in the 29-day rising market, there was still a large net inflow of funds. On the same day, the total share of stock ETFs increased by 1.354 billion shares, and the net inflow was about 9.8 billion yuan based on the average trading price in the range. Since the beginning of this month, excluding the listing of new funds, the total share has increased by 13.1 billion, with a total net inflow of 22.8 billion yuan.
Judging from the net purchase of funds, on Monday, there were as many as 28 stock ETFs with a net inflow of more than 100 million yuan, of which 21 were broad-based indexes. CSI 300 ETF, CSI 500 ETF, CSI 1000 ETF and SSE 50 ETF led the net inflows.
Specifically, Huatai Barry CSI 300 ETF has a net inflow of 2.238 billion yuan, with the latest scale of 207.415 billion yuan, CSI 500 ETF has a net inflow of 1.538 billion yuan, with the latest scale of 81.874 billion yuan, and CSI 1000 ETF has a net inflow of 1.486 billion yuan, with the latest scale of 28.464 billion yuan.
In addition, the net inflows of ChinaAMC's SSE 50 ETF and CSI 1000 ETF were more than 1 billion yuan, while the net inflows of E Fund CSI 300 ETF, GF CSI 1000 ETF and Harvest CSI 500 ETF exceeded 300 million yuan.
In terms of industry themes, the net inflow of FETF in Southern Real Estate also exceeded 300 million yuan.
ETFs under leading fund companies continued to receive net inflows. According to the data, on April 29, the total net inflow of E Fund's ETF reached 1.171 billion yuan, and the net inflow of E Fund on the same day of the "big guy" CSI 300 ETF reached 636 million yuan, with a total scale of 139.472 billion yuan. In addition, the SSE 50 ETF E Fund, the Science and Technology Innovation Board 50 ETF, the CSI A50 ETF E Fund, and the Artificial Intelligence ETF all received net inflows of more than 100 million yuan.
At the same time, among the ETFs under ChinaAMC, ChinaAMC SSE 50 ETF received a net inflow of 1.449 billion yuan, with a scale of 116.281 billion yuan, CSI 1000 ETF had a net inflow of 1.257 billion yuan, with a scale of 17.016 billion yuan, and CSI 300 ETF had a net inflow of 299 million yuan, with a scale of 100.010 billion yuan.
In April, CSI 300 ETF, CSI 1000 ETF, coal ETF, and dividend low-volatility ETF were favored. Among them, Huatai Pineapple CSI 300 ETF had a net inflow of 7.262 billion yuan, CSI 1000 ETF had a net inflow of 2.147 billion yuan, and Guotai Coal ETF had a net inflow of 2.012 billion yuan. In addition, the net inflows of ChinaAMC CSI 1000 ETF, E Fund CSI 300 ETF, Huatai Pineapple Dividend Low Volatility ETF and ChinaAMC SSE 50 ETF all exceeded 1 billion yuan.
Wells Fargo Fund said that as the domestic economy and the earnings of listed companies are gradually verified out of the bottom of the cycle, Chinese assets are expected to usher in a double repair of the profit side and the valuation side. At present, a number of indicators such as valuation and risk premium show that A-shares have a good investment cost performance, and the resilience of the future market depends more on the strength of subsequent economic repair.
Yao Zhipeng, deputy general manager of Harvest Fund and CIO of equity investment research, said that the current market is still in the bottom area of the three-year decline, and the source of new defensive assets may come from more stable ROE and cash returns, but the dividends calculated by simply using cyclical assets in the middle and high of commodity prices may face greater challenges in the later stage, and will be more sensitive to the economy.
Yao Zhipeng pointed out that in the future, with more and more evidence of economic stabilization, it is necessary to consider the potential upside of core assets after the business inflection point in the context of economic stabilization in the future, and continue to be optimistic about the market leaders of related emerging industries.
Dividend low-volatility ETFs, Hang Seng Internet ETFs, securities ETFs and other "blood loss" are among the top
From the perspective of net outflows, on Monday, there were 9 stock ETFs with a net outflow of more than 100 million yuan, of which 8 were industry themes. Dividend low-volatility ETFs, Hang Seng Internet ETFs, securities ETFs and other "blood loss" are among the top.
Among the top 20 equity ETFs with net outflows, 5 Hang Seng related ETFs had a total net outflow of nearly 1.1 billion yuan, 1 dividend low-volatility ETF had a net outflow of 802 million yuan, and 2 securities ETFs had a total net outflow of more than 700 million yuan.
In April, some CSI 300 ETFs and Hang Seng Internet ETFs became the main net outflows. Among them, the single CSI 300 ETF with the largest net outflow of funds lost more than 3.8 billion yuan, 1 Hang Seng Internet ETF lost more than 2.7 billion yuan, and 1 bank ETF lost more than 600 million yuan.
For the Hong Kong stock market, Li Jianfeng, manager of E Fund's equity fund, said that he continued to maintain optimism about high-dividend assets in Hong Kong stocks against the backdrop of peak interest rates in overseas markets and low overall valuations of Hong Kong stocks.
Wells Fargo Fund also believes that the current valuation of the Hong Kong stock market is at the bottom of the area, and the center is expected to gradually rise in the future, and the domestic fundamentals are expected to improve, and the recent favorable policies have been frequently boosted. With the accumulation of multiple positive factors, it is not surprising that domestic and foreign investors have recently favored Hong Kong stocks.
"This year may be a year when systemic risks in the Hong Kong market are well released. On the basis of a relatively stable general environment, market activity has increased. If you dig out some deep value stocks and growth stocks with excellent quality and super fall, it is expected to bring better returns to the portfolio. Zhang Feng, manager of Wells Fargo China Small and Mid-Cap Fund, said.
Editor: Captain
Review: Muyu