Benefiting from the policy boost, the real estate sector staged a "big counteroffensive" this Friday, driving the performance of real estate theme funds to rebound. The data shows that since the start of the real estate sector market at the end of April, the net value of some funds has risen by more than 30% in half a month.
Real estate funds soared
On May 17, the central bank released an "epic" move, and the favorable real estate policies were launched at the same time. On the same day, the real estate sector rose by more than 7%, and the turnover of the entire sector exceeded 54 billion yuan. Nearly 30 stocks such as Special Services, Greenland Holdings, Vanke A, Gemdale Group, Poly Development, and China Fortune have daily limits.
Driven by this, a number of real estate ETFs have recorded the highest single-day increase since 2024, "dominating the screen" on the fund performance list on the day.
Funds such as China Merchants CSI 300 Real Estate, Huabao CSI 800 Real Estate ETF, and Yinhua CSI Mainland Real Estate Theme ETF rose by more than 8% in a single day.
The list of single-day gainers of the fund on May 17
Real Estate Theme Fund "Dominating the Screen"
(Excluding Feeder Funds)
In addition to real estate ETFs, the net value of a number of active equity funds also ushered in a strong rebound on May 17.
Among them, the net value of 4 funds, including ICBC National Strategic Theme managed by Chen Xiaolu of ICBC Credit Suisse Fund, rose by more than 6% in a single day. The net value of funds such as Bank of China Mixed Reform Select, Invesco Great Wall China Return, and Yongying Hui Tianyi rose by more than 5% in a single day.
From the perspective of index performance, the current round of real estate sector market began to start after bottoming out on April 24, and from April 25 to May 17, the real estate index rose by 26.73% in half a month.
During the same period, the net value of real estate theme-related funds led the market, and some active equity funds achieved a performance of more than 30%.
Top Gainers in the Stage: Real Estate Theme Funds Lead the Way (Excluding Feeder Funds)
Among them, the performance of many funds managed by Chen Xiaolu of ICBC Credit Suisse Fund has rebounded most significantly. As an example, as of the end of the first quarter, the top ten heavy stocks of the fund were: China Merchants Shekou, Poly Development, China Overseas Land, CITIC Securities, Oriental Yuhong, Sophia, Gujia Home, China Resources Land, Binjiang Group, and Opai Home. From the data of the fund's annual report, it can be understood that Chen Xiaolu has promoted real estate to the fund's first heavy position industry since the first half of 2022, and at the end of the second quarter of 2022, the real estate industry accounted for 37.54% of the fund's net assets, and by the end of 2023, it increased to 49.92%.
In addition, the largest heavy position industries of funds such as AVIC Mixed Reform Select and Yongying Hui Tianyi at the end of 2023 are also real estate. The two funds achieved a performance of 30.7% and 25.1% respectively between April 25 and May 17.
Reviewer: Hou Zhihong Editor: Ya Wenhui Proofreader: Zhang Lijing Producer: Song Zhaoqing Issued by: Peng Yong