Bridgewater sells gold ETFs, gold ETFs, gold ETF funds, and golden industrial concept ETFs have been strong in attracting money this year.
Bridgewater sold off its gold ETF in the second quarter. According to the mid-year report of E Fund Gold ETF, Bosera Gold ETF Fund, and Huaxia Gold ETF, Bridgewater Fund 'disappeared' from the top ten list of holders. Bridgewater's products made their first appearance in the top ten list of holders of the three gold ETFs in the first half of 2022, holding for two years until the second quarter of 2024. As of the end of 2023, Bridgewater (China) Investment Management Co., Ltd. - Bridgewater All Weather Enhanced China Private Equity Securities Investment Fund No. 3 held 82.6646 million shares of Huaxia Gold ETF, ranking as the second largest holder. As of the second quarter of 2024, the
Dong Chengfei newly bought this company.
A huge reversal played out.
Gold prices hit a new historical high, with gold industry ETFs, golden industrial concept ETF funds, and gold stocks ETFs rising by more than 3%.
Today, several gold stocks are leading in terms of increase. Beijing Xiaocheng Technology soared by 13%, Shandong Yulong Gold, Leysen Jewellery Inc. hit the daily limit, Shengda Resources, Chifeng Jilong Gold, and Shandong Jinchuan International increased by 8.69%, 6.67%, and 6.22% respectively.
Illustrating the fund market in the first half of 2024.
Nasdaq technology ETF rose over 58% in the first half of the year.
Cliff-style decline caused by rhetoric
Black Thursday
ETF Afternoon Review丨The precious metals sector fell, and gold stock ETFs fell 3.81%
The A-share market fluctuated and adjusted in early trading. As of midday trading, the Shanghai Index was down 1%, the Shenzhen Index was down 1.19%, and the GEM Index was down 0.98%. The half-day turnover of the Shanghai and Shenzhen markets was $527.4 billion, an increase of 36 billion dollars over the previous trading day. In terms of sectors, sectors such as AI PC, sub-IPOs, military industry, and PCB registered the highest gains, while sectors such as precious metals, non-ferrous metals, education, and real estate registered the highest declines. In terms of ETFs, US stocks rose overnight, while Invesco Great Wall Fund's NASDAQ Technology ETF and Dacheng Fund NASDAQ 100 ETF rose 1.30% and 1.14% respectively. Hong Kong stocks strengthened, Cathay Pacific Fund Hong Kong Stock Connect 50 ETF rose 0