More Than Ten Billion Capital Outflow ETF: Science And Technology Shrinking Gem Relay

According to the twenty-first Century economic report statistics, the stock market ETF fund in the whole market has a net outflow of 29 billion 735 million yuan in the whole April, and there is a significant difference compared with the data of the net inflow of 58 billion 359 million yuan in March.

As for May data, as of May 13th, the share ETF net outflow share has exceeded 10 billion, and the net outflow is more than 16 billion yuan.

Huaxia chips ETF and 5GETF outflow, the share of gem and ETF is inflow.

The withdrawal of ETF funds has nothing to do with the market situation since April.

Since April, the A share market has warmed up, and the Shanghai Composite Index has risen 3.99% in April, and has increased by 0.36% since May 14th.

"ETF tool attributes are obvious, although ETF is suitable for long-term configuration, investors invest in ETF does not mean invariable, but also performs round or band operation." In May 14th, founder Fubang fund index fund manager Zhang Chaoliang told the twenty-first Century business reporter.

Withdrawal of ETF funds

In May 14th, the total turnover of stock market ETF in the whole market was 15 billion 37 million yuan. Among them, the highest stock ETF is Huaxia chip ETF, with a turnover of 1 billion 513 million yuan.

Next is Cathay Pacific semiconductor 50ETF and Huatai berry Shanghai and Shenzhen 300ETF, the turnover is 1 billion 243 million yuan, 1 billion 179 million yuan.

The turnover of Cathay Pacific Securities ETF, Huaxia 5GETF, Huaxia Shanghai 50ETF, South Fund 500ETF and other ETF funds also exceeded 500 million yuan, ranking the forefront of the stock market ETF fund in the whole market.

In contrast, the turnover of the ETF fund has already cooled compared with the hot season in the first quarter. In the past, the "ETF" technology has also widen the gap.

Take the Chinese chip ETF, which has the highest turnover in May 14th, for example, the fund's share at the end of 4 was 17 billion 285 million, while the share of the fund had been reduced to 14 billion 444 million in May 13th. Compared with the 19 billion 64 million data at the end of the first quarter, the reduction was over 24%.

"In March, the market shock was larger, and the technology sector's callback was very obvious. Since April, with the gradual restoration of market conditions, the technology sector has also rebounded to a certain extent. Some investors in the early stage may redeem some of their shares after the unwinding, while investors at the bottom of the bottom may choose to pack their bags first." Zhang Chaoliang said.

Overall, the stock market ETF fund in the whole market has shown a monthly net outflow since April. In April, the net outflow of equity ETF was nearly 30 billion yuan. In May, as of May 13th, the net outflow of equity ETF also exceeded 16 billion yuan.

Since May, the net outflow of South China card 500ETF, Huaxia chip ETF, Huatai berry Shanghai Shenzhen 300ETF and Huaxia 5G ETF has exceeded 1 billion yuan, ranking the forefront of stock market ETF in the whole market.

The net outflow of the South China card 500ETF and Huaxia chip ETF exceeded 2 billion yuan, 2 billion 914 million yuan and 2 billion 835 million yuan respectively.

In addition, the net outflow scale is ranked in the forefront of GF Chip Fund ETF, Yinhua 5G ETF, Penghua media ETF, Cathay new energy vehicle ETF and many other thematic ETF.

Although technology ETF has cooled down, from institutional feedback, it remains concerned about the long-term investment value of related stocks.

"We are optimistic about the long-term investment value of the 5G industry chain company. 5G application has broad development space. The increase of application demand can improve the business volume of operators, and the core position of 5G in the new capital construction will be better than the 5G industry chain. And from the external situation disturbance, we can see that the future technology competition between China and the United States will be inevitable. The domestic technology substitution demand under the guidance of independent controllable policy will continue to emerge. China has a leading position in the field of 5G, and the input of 5G will continue in the future. An investment director of a public fund in Southern China was interviewed.

Gem ETF is popular

It is worth noting that, in the overall performance of equity ETF as a rapid outflow of capital, ETF, such as gem and securities, shows a net inflow.

Wind data show that since May, Cathay Pacific Securities ETF, Huaan gem 50ETF and Yi Fangda gem ETF are the three largest net inflows of ETF, with a net inflow of 564 million yuan, 560 million yuan and 380 million yuan respectively.

In addition, many ETF such as Warburg securities ETF, South Securities Fund ETF, Yi Fangda deep 100ETF also showed net inflow.

"The ETF performance of gem and securities in recent years is a net inflow, which is closely related to the reform of gem and registration system." Zhang Chaoliang said.

According to its logic, as the registration system reform of gem entered the ground, the competition between Shenzhen Stock Exchange and Shanghai Stock Exchange returned to the same running line, which is undoubtedly a great advantage for the Shenzhen Stock Exchange to attract high-quality listed companies and listed resources, especially the gem reform is more advanced, and there are more opportunities for gem to invest in the future. For the securities sector, the gem reform and registration system are undoubtedly good for the strong sponsor of the securities business.

Yin Haoyi, manager of ETF fund of gem, believes that "the registration system is good to launch the gem. The gem refers to adjusting the stocks once every half a year, transferring the bad quality stocks and transferring them into good quality stocks with a better survival mechanism."

Trading data in May 14th showed that the turnover of Cathay Pacific Securities ETF, Yi Fangda gem ETF and Warburg brokers ETF ranked the top ten in the stock market ETF of the whole market.

The turnover of 3 ETF was 836 million yuan, 494 million yuan and 423 million yuan respectively.

"With the gradual easing of the epidemic situation and the gradual increase of domestic policies, the profitability and liquidity of enterprises will be improved. It is suggested that investors should pay more attention to the industries with greater resilience and profitability. At the same time, in view of the favorable factors and timing factors, the gem is still the first choice for long-term allocation. A brokerage department of the public fund investment director told the twenty-first Century economic news reporter.