GLE Daily Fund Report | Xie Zhiyu increased his position in this stock, A-share turnover remained below 500 billion yuan for the second consecutive day.
82 funds have reduced both management and custody fees within this year.
ETF Review | A-share trading volume hit a new low since December 2019, while cross-border ETFs maintained strong performance throughout the day.
Throughout the day, the three major indexes of A shares fluctuated and rose in the late trading session. As of the close, the Shanghai Composite Index rose 0.34%, the Shenzhen Component Index rose 0.43%, and the Chinext Price Index rose 0.93%. The total turnover of Shanghai and Shenzhen stock markets was 477.3 billion yuan, a decrease of 18.6 billion yuan from the previous day, and the turnover hit a new low since December 24, 2019. Over 3700 stocks in the two markets rose. On the market, oil and gas, and large-scale infrastructure concept stocks led in gains. Photovoltaic and lithium battery sectors surged in the afternoon, while the eco-friendly concept rebounded after fluctuating. New crown drugs and baijiu (Chinese liquor) continued to weaken, while cross-border ETFs were strong all day, and Invesco's NASDAQ Technology ETF and e Fund's CSI Technology 50 ETF were strong performers.
Well-known fund manager engages in conflict of interest! Public offering commission reductions continue to have an impact, and independent research institutions announce suspension of business.
Within the year, the sale of dividend funds reached 22 billion yuan.
Griloh Fund Daily: Over 90% of private fund managers plan to maintain their positions in August, while leveraged technology ETFs suffer significant losses.
Asian stock markets strongly rebounded, with the Nikkei 225 index rising over 10% and cross-border ETFs all showing gains.
Nasdaq Technology ETF, USA 50 ETF, Nikkei ETF, and Asia-Pacific Select ETF are in correction, and the premium-discount ratio of popular QDII ETF is converging.
This Thursday, overseas markets experienced a sudden high-level adjustment, and cross-border ETF fluctuations began to increase this Friday. QDII products such as NASDAQ Technology ETF, U.S. 50 ETF, and Nikkei ETF in the A-share market experienced a significant decline after being strong previously. The most bullish cross-border ETF in recent performance, Asia Pacific Selection, fell by more than 6% on July 12th, with a cumulative decline of nearly 15% in three days, and the latest premium discount rate converged to 1.62%. The NASDAQ Technology ETF, the Nikkei ETF, and the NASDAQ 100 ETF fell by 5.26%, 5.08%, and 5.05%, respectively. Statistics show that the number of cross-border ETFs with a daily drop of more than 3% reached 18 this year.
Inflow of more than 3.5 billion funds into ChinaAMC Nomura N225 ETF(QDII), China Southern Peak Topix ETF(QDII), and Huaan MUFG N225 ETF(QDII) within the year.
The TOPIX index in Japan hit a 34-year high, while the Nikkei 225 index rose for four consecutive days, setting a record for the longest continuous increase since March this year, with a new high since March 27. The Nikkei ETF rose today, with Huaan Fund's Nikkei ETF up more than 3%. The E Fund Nikko Nikkei 225 ETF, HuaAn Fund Nikkei 225 ETF, ICBC Credit Suisse Fund Nikkei ETF, and Southern Fund Japan TOPIX ETF all rose. As of July 2, net inflows of funds totaling more than 3.5 billion yuan have flowed into Nikkei 225 ETF, Japan TOPIX ETF, and Nikkei ETF this year, with net inflows of 1.798 billion yuan into Huaan Fund Nikkei 225 ETF.