61 ETFs Participated in the New Arbitrage Funds of Kechuang Board

category:Finance
 61 ETFs Participated in the New Arbitrage Funds of Kechuang Board


Arbitrage funds naturally will not miss the profit opportunities of the new shares listed by Technological Innovation, and some of the lower-scale ETF products are also targeted by this part of the funds. On the first day of the listing of two batches of new shares, the scale of ETF products which participated in the creation of new shares increased sharply. In the following trading days, the scale of ETF products slowly declined, and arbitrage funds left the market after making profits.

Public Solicitation for New Branch Innovation Team

Sixty-one ETF products have appeared.

At present, the team of public funds participating in the innovation of science and technology is still growing.

After the first batch of 25 KSCM shares announced the results of offline distribution, the reporter of Securities Daily noticed that 1599 fund products successfully participated in KSCM innovation, and the winning results of single fund ranged from 1 to 25 stocks. On August 9, three new shares of Kechuang board announced the results of off-line placement. The number of funds that signed new shares of Kechuang board increased to 1793, and 33 equity funds signed 27 new shares of Kechuang board.

Similar to the first batch of companies listed on Kechuang board, Jingchen shares, Baichu Electronics and Microcore Biology all received more than 80% of the initial allocation results, and public funds were re-screened with super-high winning rate: 1844, 2073 and 2466 offline investors participated in the three new shares, respectively. In this list, there are 1156 public funds, 1340 funds and 1436 funds, accounting for 62.69%, 64.64% and 58.23% respectively.

The participation of ETF products in the innovation of science innovation board gives us a new way to enjoy the new dividend of science innovation board. Previously, investors who did not meet the requirements could indirectly participate in the innovation of GEM by purchasing equity funds. Now, compared with equity funds, ETF products operate transparently and cheaply. More importantly, ETF products do not require the holder to pay a 1.5% redemption fee for holding less than 7 days. Investors can gradually settle down after enjoying some of the benefits.

The same is true. The reporter of Securities Daily noticed that some small-scale ETF products suffered a large influx of funds on July 22 (the first day of Kechuang board opening) and August 8 (the first day of Jingchen shares and Baichu electronics listing). For example, Southern China Securities 1000 ETF increased its share of on-site circulation from 384 million to 602 million on July 22, an increase of 56.84%. On August 8, Southern China Securities Bank ETF increased its share of on-site circulation from 238 million to 284 million, an increase of 19.26%.

Founder Securities has pointed out that ETF, as an on-site product, may be one of the most efficient tools to obtain new revenue from science and technology innovation board. It has a variety of choices, and can fast-in and Fast-out without paying a high redemption fee. Observing the subsequent share changes of these rapidly growing ETF products, we can also find that some products begin to decline in size, but not as fast as the rapid influx of funds into these products. Arbitrage funds are gradually withdrawing from these products after profits.

According to the latest statistics of Tianfeng Securities, as a rough estimate of the increase in the new earnings of the fund on July 22, the new earnings of the fund products under the scale of 200 million yuan are about 26% on the day, the new earnings of the fund products with the scale of 200 million yuan to 500 million yuan are about 17% on the day, and the new earnings of the fund products with the scale of 500 million yuan to 1 billion yuan are about 17% on the day. It has been diluted to 1.1%. In this way, it is not difficult to understand why arbitrage funds prefer smaller ETF products. In fact, in order to ensure the return rate of new venture capital, equity funds have taken the initiative to control the scale. The reporter of Securities Daily noticed that 83 equity funds have issued the announcement of suspension of large-scale bidding in the past two months from June 13 (the first day of the new venture capital market) to August 9 to ensure the existing holding. Somebody benefits. Source: Liable Editor of Securities Daily: Yang Bin_NF4368

According to the latest statistics of Tianfeng Securities, as a rough estimate of the increase in the new earnings of the fund on July 22, the new earnings of the fund products under the scale of 200 million yuan are about 26% on the day, the new earnings of the fund products with the scale of 200 million yuan to 500 million yuan are about 17% on the day, and the new earnings of the fund products with the scale of 500 million yuan to 1 billion yuan are about 17% on the day. It has been diluted to 1.1%.

In this way, it is not difficult to understand why arbitrage funds prefer smaller ETF products. In fact, in order to ensure the return rate of new venture capital, equity funds have taken the initiative to control the scale. The reporter of Securities Daily noticed that 83 equity funds have issued the announcement of suspension of large-scale bidding in the past two months from June 13 (the first day of the new venture capital market) to August 9 to ensure the existing holding. Somebody benefits.