The first batch of Kechuang 50ETF went on the market, and the scale of its leading products was close to 10 billion

category:Finance
 The first batch of Kechuang 50ETF went on the market, and the scale of its leading products was close to 10 billion


Huaxias products close to 10 billion

On November 16, four science and technology innovation board 50etfs of Huaxia Fund, e fund, Huatai berui fund and ICBC Credit Suisse fund were listed. Wind data shows that as of November 24, the total size of four ETFs has reached 26.179 billion yuan in seven trading days, an increase of 5.116 billion yuan compared with that before listing, and the growth rate of 7-day scale reached 24.29%.

Among them, the latest scale of Huaxia Kechuang 50ETF was 9.918 billion yuan, which was 96.91% higher than that before listing, nearly doubling. According to the average transaction price since listing, the net inflow of capital in 7 trading days was 4.96 billion yuan. Over the same period, the scale of e-fondas 50 ETF also increased from 5.148 billion yuan to 6.142 billion yuan, and the net purchase scale of funds exceeded 1 billion yuan.

The scale of the other two products shrank slightly, with a net outflow of 2.3 billion yuan.

The scale of the first batch of Kechuang 50etfs has been rapidly expanded. A large-scale public equity ETF fund manager in Beijing believes that the first reason for the increase in scale is the scarcity of products in the market. As the first batch of index products in the science and technology innovation board market, the foundation people can only trade this tool if they want to participate in the index investment of the science and technology innovation board; second, during the issuance period, the first batch of products obtained 100 billion fund subscription in a single day, and implemented a low proportion of allotment, indicating that there is a large demand in the market; third, referring to the rapid development of the gem, the development space of the science and technology innovation board, which has been open for more than one year, has a broad space for development The long-term investment value of Kechuang 50 index, which is equipped with leading stocks in the industry, has been recognized by the market.

The ETF fund manager also said that the holders of the first batch of Kechuang 50ETF products were mainly individual investors, and they could not directly participate in the market due to the restrictions on the threshold, investment years and experience of the science and technology innovation board. Kechuang 50ETF provides opportunities for low threshold and diversified investment in Kechuang board. This kind of holder structure is also conducive to maintain good liquidity of products and attract more institutional allocation funds to buy.

A science and technology fund manager in South China said that the overall valuation of the science and technology innovation board is high, but the companys profit is not the only indicator to consider the investment value of the science and technology innovation board market. In the early stage of the companys development, the market is more willing to consider the track and market competitiveness. Through the bottom-up industrial research and judgment and the companys quality research, the company closely tracks the upgrading and upgrading of science and technology innovation companies, so as to obtain the wealth opportunities brought by the high growth of leading companies. It is more suitable for non professional investors to participate in the stock selection with index diversification and leading companies as the main stock selection idea. The first batch of products that track the 50 index of the science and technology innovation board are invested in the leading companies with high growth, and the long-term investment value is expected.

10 billion stock ETFs increased to 17

In addition, the scale of Huaxia Kechuang 50 ETF reached 9.918 billion yuan, and the scale of Huabao technology ETF reached 9.581 billion yuan. The scale of two products invested in the science and technology market was also close to 10 billion yuan. Science and technology track has become an important place for the expansion of stock ETF market scale.

In addition to these two funds, the scale of Taikang Hushen 300etf, e-fonda Shenzhen stock 100ETF, e-fund Hushen 300etf and other products are all above 8 billion yuan. As the stock market continues to warm in the future, the number of stock ETFs with a scale of 10 billion will continue to expand.

In view of the polarization of the market, a middle-sized public offering executive in Beijing said that it is more and more obvious for public offering to lay out product lines and concentrate on leading companies, and stock ETF is no exception. At present, some head companies have formed strong competition barriers, which are difficult for later companies to surpass.

However, the fund managers of the above-mentioned stock ETFs in Beijing believe that since such products track the standard index, the phenomenon of liquidity concentration will definitely occur in the homogenization competition of stock ETFs. Those products with large scale, good liquidity, rich trading strategies and preferential rates in the same industry are more likely to become industry leaders. However, other products tracking the same index are difficult to challenge the position of head products due to the similar risk return characteristics and no obvious difference in product yield. The fund manager also revealed that some small and medium-sized public offerings have no intention to layout stock ETF products. Building an index system, equipping investment and research personnel, and strengthening market makers for product liquidity investment all require considerable costs. However, the company does not have much accumulation in the index field, and the market brand is not high. If the fund scale is not large, or even fails to raise funds, this business line is likely to be in a state of loss for many years. Source: Securities Times editor in charge: Yang Bin_ NF4368

However, the fund managers of the above-mentioned stock ETFs in Beijing believe that since such products track the standard index, the phenomenon of liquidity concentration will definitely occur in the homogenization competition of stock ETFs. Those products with large scale, good liquidity, rich trading strategies and preferential rates in the same industry are more likely to become industry leaders. However, other products tracking the same index are difficult to challenge the position of head products due to the similar risk return characteristics and no obvious difference in product yield.

The fund manager also revealed that some small and medium-sized public offerings have no intention to layout stock ETF products. Building an index system, equipping investment and research personnel, and strengthening market makers for product liquidity investment all require considerable costs. However, the company does not have much accumulation in the index field, and the market brand is not high. If the fund scale is not large, or even fails to raise funds, this business line is likely to be in a state of loss for many years.