On November 16, four scientific innovation 50etfs of Huaxia, ICBC, Huatai berui and e-fonda experienced adjustment for half a month after their first show. The statistical data show that from November 16 to November 30, the China Science and technology innovation board index went out of eight negative lines, with the largest decline of more than 9%. The four scientific innovation 50etfs also fell, with the decline of 8.9% to 14.5%.
However, the inflow of funds is very active, which is in sharp contrast to the sluggish market conditions. In the morning of November 25, the scale of Huaxia Kechuang 50ETF exceeded 10 billion yuan, which is the largest scientific innovation 50ETF product in the whole market. According to the information disclosed by the Shanghai Stock Exchange, as of November 30, the total shares of four Kechuang 50etfs had reached 1.9793 million, with a scale of more than 27.5 billion yuan, an increase of nearly 38% compared with that before listing.
Whats the driving force of more and more falling and buying? According to the research reports of several institutions, there are several reasons for the continuous allocation of funds to the science and technology innovation board
First of all, the new wave of science and technology + the trend of domestic substitution is the current dividend of the times, and the threshold setting and the trend of funds entering the stock market make a large number of investors can participate in the investment in the science and technology innovation board through ETF. Secondly, on November 27, the first batch of science and Technology Innovation Board companies were successfully included in the Shanghai Stock Exchange 180, Shanghai Stock 380 and Shanghai Shenzhen 300 index, which will not only obtain further allocation of domestic institutions, but also allocate science and technology innovation board for foreign investors Through the last kilometer, it is expected to get more domestic and foreign funds in the future. In addition, researchers believe that China microelectronics, LanChi technology and Haier biology, which are included in the core index, are also among the top 10 heavyweights of Kechuang 50ETF. Under the cross allocation of funds, the valuation of individual stocks is expected to be further improved.
According to the Research Report of Tianfeng securities, since the opening of the science and technology innovation board in the third quarter of 2019, the stock market value of active equity funds positions on the science and technology innovation board has increased from 905 million yuan in the third quarter of 2019 to 36.296 billion yuan in the third quarter of 2020, an increase of more than 40 times; at the same time, the number of funds holding positions on the science and technology innovation board has also increased from 48 to 479, an increase of nearly 10 times.
Source: Ren Hui, editor in charge of Shanghai Securities News_ NBJ9607