More Than 50 Billion Of The Funds Borrowed ETF, A Shares "V Type Reversal" Counterattack Prelude To Open?

Market turbulence adjustment, constantly provoking fund face emotions.

In March 24th, the A share V reversed and Shanghai index rose 2.34%.

The turnover of Huaxia 5G ETF is more than 3 billion yuan, which is the highest turnover in the stock ETF of the same day. The second, third place in the transaction is Hua Tai Bai Rui Shanghai and Shenzhen 300ETF and Huaxia Shanghai 50ETF, the turnover is 2 billion 993 million yuan and 2 billion 655 million yuan respectively.

In March 23rd, when A shares fell below 2700 points, the net inflow of ETF funds of stocks once again exceeded 10 billion. Galaxy securities data show that on the same day, the total capital inflow of A shares ETF fund was 10 billion 30 million yuan. Among them, Huaxia chip ETF, Huaxia 5G ETF, and Huatai berry Shanghai and Shenzhen 300ETF net flow account for more than 1 billion yuan, and ranked the top three in the whole market.

With the adjustment of the market, the hot trend of ETF fund has shown different redemption changes.

Over 50 billion net inflow of ETF

As the epidemic situation is becoming more and more serious, the Shanghai stock index has been down since March 5th. Data show that since March, the Shanghai Composite Index has fallen by 5.48% as of March 24th.

At the same time, only 300 of the 233 stock ETF showed a rise in the range, and the remaining 232 funds showed a downward trend.

Among them, the number of technology ETF range dropped, including Huaxia new automobile ETF, Guolian an semiconductor ETF, Ping An new energy car ETF, Cathay semiconductor 50ETF, GFA chip ETF, Huaxia chip ETF, Huaxia 5G ETF, Yinhua 5G ETF, investment Shenzhen Shenzhen total 9, the decline of more than 15%, ranking the bottom.

However, judging from the foreclosure situation, since March, as of March 23rd, the 16 trading days from March 2nd to March 6th, March 11th and March 18 have shown a net outflow of 7 trading days, and the total net outflow on 7 days is about 9 billion 600 million yuan. On the remaining 9 trading days, stock ETF total net inflow of 62 billion 145 million yuan. That is to say, contrary to the market crash, the stock ETF has remained net capital inflow up to about 52 billion 500 million since March as of March 23rd. Among them, including March 17th, March 19th and March 23rd, the total net inflow of three trading days exceeded 100 billion.

From March 23rd data, the net inflow of the top five of the 5 funds, on the same day, China's chip ETF net inflow of 1 billion 886 million yuan, the Chinese central card 5G ETF net inflow 1 billion 705 million yuan, Huatai Barry Shanghai and Shenzhen 300ETF net inflow of 1 billion 351 million yuan, the South China card 500ETF net inflow 653 million yuan, Huaxia 50ETF net inflow 493 million yuan.

"At present, the overall valuation level of A shares is relatively low, resulting in a lot of capital inflow layout after the sharp fall in the market." A securities business department public fund people said, "from the perspective of price earnings ratio and market rate, the current Shanghai and Shenzhen 300 valuation is at a relatively low level, which is a good time to configure. Although uncertainty has brought a deep blow to the A share market sentiment, the A share market is also inevitably affected by the shock of overseas markets, but the recent market pullback also makes A shares enter a more reasonable valuation range.

Recently, the market has fallen sharply and the risk has been released. Many investors try to lay a relatively low position in the market, but the risk of individual stock investment can not be underestimated. At this time, with the help of the stock index ETF, investors can effectively lay the market bottom and disperse risks to a certain extent. From the historical change of ETF share, when the market performance is not ideal, the application of wide base ETF often has a reverse relationship with the market, that is to say, ETF is often used as a tool to copy the market. Wu Hao, general manager of Founder Fubang fund index, told the twenty-first Century business reporter.

Technology ETF share growth strong

In terms of specific categories, although technology ETF is declining, share growth is also relatively strong.

According to the twenty-first Century economic report reporter combing, compared with the 2 month end of the fund share, to March 23rd, the fund share growth of the stock ETF total of 104. The share of Huaxia 5G ETF, Huaxia chip ETF, Yinhua 5G ETF, Huaxia new automobile ETF four technology ETF fund increased the most during this period, and the share of China 5G ETF grew by more than 12 billion, which is almost two times that of the second growth share of China's chip ETF share.

According to the data in March 23rd, the size of the latest 5G ETF fund has exceeded 30 billion yuan.

"Before the market rebound, we can see that although the technology sector is volatile, the heat has not disappeared. Once the market sentiment improves, it will still be the pioneer of the rebound. 5G benefited from the new infrastructure and was more favored by the capital. A public fund in Beijing has been interviewed.

"As the basis for improving the capability of technological innovation, the new infrastructure will be a long-term plan, which will help speed up capital accumulation, improve labor efficiency and promote technological progress. In the future economic transformation and upgrading, 5G and other new infrastructure construction can increase capital accumulation of new economy. Yin Hao, a fund manager at 5G50ETF, said.

"The recent adjustment of technology stocks and the valuation level of technology ETF have gradually returned to a reasonable level. In the context of long-term fundamentals, loose liquidity and large class asset allocation to the equity market, the technology industry is expected to become the main line of investment in the A share market in the next few years. Waiting for the technology index valuation to be gradually restored, investors will be able to earn relative valuation returns. Therefore, it is easy for ETF to buy a lot of money at the bottom. Wu Hao thinks.

In fact, in addition to a few technology ETF share growth is still ahead, Huaxia 50ETF, Huatai berry Shanghai and Shenzhen 300ETF in March as of March 23rd this period share growth is also the top ten, is the top ten list of the only two wide base index products.