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中证A50ETF规模激战继续!平安基金继续领先,摩根基金紧咬不放,大成基金虎视眈眈!

The battle for the size of the China Securities A50 ETF continues! Ping An Fund continues to lead, Morgan Fund closely follows, and Da Cheng Fund watches closely!

Gelonghui Finance ·  Jun 17, 2024 09:44

What is the intention behind the continuous purchase of China Securities 50ETF?

The battle for the scale of the new "China Beautiful 50" China Securities A50 ETF continues to escalate. As of June 14, the latest onshore scale of 10 China Securities A50 ETFs has reached RMB 26.822 billion. After three months, the growth rate is as high as 62.29% compared to the fundraising scale of RMB 16.527 billion. As for the product structure, the operating income of 10-30 billion yuan products is 401/1288/60 million yuan respectively.

At the same time, the battle for the scale of the China Securities A50 ETF has moved from onshore to offshore. In March of this year, the first 10 public funds that issued China Securities A50 ETFs all reported relevant related funds. At present, all of them have completed fundraising and been established.

From the perspective of the fundraising scale of the China Securities A50 ETF's related funds, the ten linked funds raised a total of RMB 7.107 billion. Among them, the fundraising scale of ICBC Credit Suisse Fund is the highest, reaching RMB 1.995 billion. The fundraising scale of the linked fund of China Securities A50 ETF by E Fund Management is second, at RMB 1.492 billion.

However, the fundraising of the Morgan Fund's China Securities A50 ETF linked fund was obviously not up to par, with a fundraising scale of only RMB 29 million.

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Specifically, the onshore scale of China Securities A50 ETF products, Ping An Fund's China Securities A50 ETF has the latest scale of RMB 4.693 billion, with a gap of RMB 895 million from Morgan Fund, whose latest scale is RMB 3.799 billion. The strength of Da Cheng Fund cannot be underestimated, with the latest scale of RMB 3.334 billion, only RMB 465 million away from second place.

From the perspective of the onshore scale change of China Securities A50 ETF, Ping An Fund's China Securities A50 ETF continues to be the leader, with a growth of RMB 2.693 billion since listing, an increase of 269.3% in three months, doubling in three months.

E Fund Management of China Securities A50 ETF has begun to accumulate strength. Despite a subscription scale of only RMB 893 million, the scale has increased by RMB 2.023 billion since listing, with a growth rate of more than 2 times.

Morgan Fund is close behind, with a scale increase of RMB 1.807 billion since listing, with a growth rate of nearly 100%.

It is rare that while the scales of other China Securities A50 index funds continue to hit new highs since listing, the scale of Jia Shi Fund's China Securities A50 ETF continues to decrease, shrinking by RMB 650 million since listing.

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From the perspective of the change in the shares of China Securities A50 ETF index, the latest shares of the ten related ETFs are 2.6822 billion, an increase of 26.163 billion shares since listing, nearly doubling in three months.

Specifically, E Fund Management's China Securities A50 ETF has the most aggressive growth, with a growth rate of as high as 308.2% since listing, which means that the share has tripled in the past three months. Other ETFs with growth rates of more than 100% include Morgan Fund's China Securities A40 ETF index fund and ICBC Credit Suisse Fund's China Securities A50 ETF fund, whose growth rates since listing as of June 13 are 152.92%, 120.29%, and 127.395%, respectively.

If the growth rate of E Fund Management's China Securities A50 ETF continues, given enough time, it may really show a scene of overtaking on a bend.

The growth rate of Da Cheng Fund's China Securities A50 ETF fund is relatively mediocre, with an increase of 1.223 billion shares since listing, with a growth rate of only 61.15%.

Jia Shi Fund once again became a bright green spot on the screen. Since listing, the shares of Jia Shi Fund's China Securities A50 ETF have shrunk by 429 million shares, a decrease of 35.51%.

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Against the backdrop of continuous capital adding to China Securities A50 ETF, the scale and shares of Jia Shi Fund's China Securities A50 ETF have not increased but decreased, which is truly a bewildering phenomenon.

As of June 13, capital continued to buy China Securities A50 ETF, with a net purchase scale of as much as RMB 10.47 billion this year. Among them, Ping An Fund's China Securities A50 ETF had a net inflow of RMB 2.704 billion, and E Fund Management's China Securities A50 ETF was not far behind, with a net inflow of RMB 2.045 billion during the same period. Morgan Fund's China Securities A50 ETF index fund had a net inflow of RMB 1.827 billion, while Jia Shi Fund's China Securities A50 ETF suffered a net outflow of RMB 653 million.

Despite the lackluster performance of A shares last week, capital continued to firmly buy relevant ETFs, with a net inflow of RMB 2.7 billion for 10 China Securities A50 ETFs last week. Among them, Ping An Fund's China Securities A50 ETF, ICBC Credit Suisse Fund's China Securities A50 ETF fund, and Yin Hua Fund's A50 ETF fund had net inflows of RMB 826 million, RMB 820 million, and RMB 632 million respectively.

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Behind the continuous buying of China Securities 50 ETF lies a trend of shifting to large-cap stocks in the A-share market. As a representative of blue chips, the configuration value of China Securities A50 has been favored by capital.

China Merchants' chief strategy analyst Zhang Xia said in mid-May that the current Chinese real estate market, local government financing, and so on tend to be stable, and the volatility of the Chinese economy has significantly decreased, entering a period of high-quality growth. In this situation, high-yield assets are very scarce across the entire market and society. High-quality weighted indices represented by CSI 300 or SZSE Component Index are expected to accumulate and enter a long bull market in the future.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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