Gold ETF net value reaches a new high

 Gold ETF net value reaches a new high

Gold ETF turnover soared

On July 27, the turnover of Huaan gold ETF and e-fonda gold ETF ranked among the top ten ETFs in the whole market. Among them, the turnover of Huaan gold ETF reached 3.627 billion yuan, second only to Huabao Tianyi ETF and Yinhua Rili ETF, exceeding the turnover of securities ETF, gem 50ETF and Hushen 300etf.

Compared with the turnover data on July 24, the turnover of Huaan gold ETF on July 27 increased by more than 1 billion, or more than 55%.

On the whole, on July 27, the seven gold ETFs in the whole market rose by more than 2.2%, of which ICBC gold ETF rose the highest, reaching 2.69%, followed by Boshi gold ETF and Qianhai Kaiyuan gold ETF, with the increases of 2.58% and 2.57% respectively.

In fact, gold has also been one of the performing assets this year. The returns of the four gold ETFs established before this year have exceeded 22% as of July 26 this year. Among them, e fund gold ETF has the highest return of 22.24%.

In the short term, the pricing logic of gold mainly relies on inflation expectations. At the end of the month, we need to focus on the game of the US Congress on the fiscal relief plan. If the fiscal relief plan fails to be implemented before the recess of the US Congress, inflation expectations may be harmed, and there is a possibility of gold price correction. Cathay Pacific Fund pointed out in an interview.

Synchronous expansion of the market

Although the market is booming, some institutions have also raised the risk of fluctuations in the current allocation.

The international gold price has now challenged the historical peak. However, historically, the short-term geopolitical events have limited sustainability in boosting the gold price, which generally comes from the concentrated catharsis of market sentiment and hedging demands. Chasing high investors also need to do a good job in short-term volatility aggravating risk considerations. Wang Xiang said.

As a matter of fact, since this year, gold ETF has been in hot demand for funds. At the same time, with the support of Shanghai Gold ETF, the market has further expanded.

Data show that by the end of June this year, the largest ETF scale of Huaan gold has exceeded 10 billion yuan, reaching 10.906 billion yuan, an increase of 56% compared with the data of 6.995 billion yuan at the end of last year. In addition, the scale of Boshi gold ETF and e fund gold ETF at the end of June this year also increased by more than 1 billion compared with that at the end of last year.

Source: Ren Hui, editor in charge of economic report in the 21st century_ NBJ9607