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.
The Shanghai Stock Exchange also said in its reply to reporters on the entry of qualified science and technology innovation board securities into Shanghai Stock Exchange 180, Shanghai Shenzhen 300 and other component indexes, that in order to further enhance the influence of the science and technology innovation board, introduce more medium and long-term funds, and provide investment channels for small and medium-sized investors, it is imperative that science and technology innovation board securities be included in the component index. A wide range of domestic and foreign market research shows that institutional investors have a positive attitude towards the selection of sci tech Innovation Board securities in Shanghai Stock Exchange 180, CSI 300 and other component indexes.
In addition, Tianfeng Securities believes that increasing the allocation of incremental funds to the science and Technology Innovation Board will further support the strength of the science and technology innovation board, especially the science and technology innovation 50, in the medium and long term, thus forming a mutual strengthening and virtuous cycle between the science and technology innovation board and the entry of incremental funds into the market. From the current point of view, there are more incremental funds on the way to the science and technology innovation board. At present, GF, Fuguo and guolianan have relevant sci-tech innovation 50 fund submission materials to be approved.
Source: Ren Hui, editor in charge of Shanghai Securities News_ NBJ9607