In the increasingly volatile market environment, investors risk aversion is rising, a large number of funds have returned to the currency ETF, and the liquidity shows a blowout trend. Taking Huabao Tianyi, the largest monetary ETF in the two cities as an example, on July 24, Huabao Tianyi ETF rose 0.01%, and the closing price was 100.026 yuan. The net value of Huabao Tianyi has exceeded 100 yuan for 13 consecutive trading days, and the turnover rate is 19.37%. It is worth mentioning that the daily turnover of Huabao Tianyi ETF reached 16.946 billion yuan, a new high in nearly a year.
As a cash management tool of exchange fund, the change of ETFs flow reflects the market sentiment to a certain extent. In fact, after the beginning of the rising market in early July, the outflow of ETF fund shares was obvious and the investment entered the market. However, after the Shanghai Composite Index reached a new high on July 13, the total share of currency ETF showed a return trend.
Specifically, as of July 24, the scale of money trading open-end funds has increased by about 33 billion yuan in two weeks, with the total scale increasing by nearly 20%.
According to wind data, among the 27 currency ETFs included in the statistics, 15 product fund shares showed a net growth, accounting for 55.55%. Among them, the scale of leading products has changed greatly. The net growth of Huabao Tianyi ETF and Yinhua Rili ETF is the fastest, reaching 16.50 billion and 16.07 billion respectively; CCB Tianyi ETF also increased from 12.403 billion to 13.883 billion, with a share growth of nearly 12%.
The above fixed income investment director pointed out that due to the uncertainty in the external environment of the recent epidemic superposition, investors can consider reducing the risk return preference and investing according to the change of market preference.
In the second quarter of 2020, bond yields show a pattern of going down first and then going up, with large fluctuations. Affected by the improvement of market risk preference, the scale of the fund decreased slightly in the second quarter Wang Shuli, fund manager of Yinhua Rili ETF, said.