Original title: ETF demand for subdivided racetracks breaks out, competition among fund companies intensifies Source: Shanghai Securities News
Recently, the first batch of 9 double innovation 50ETFs has been successfully completed. Among them, China Securities Technology Innovation and Entrepreneurship 50ETF and Southern China Securities Technology Innovation and Entrepreneurship 50ETF have received 5 billion yuan and 3.7 billion yuan of capital subscriptions respectively, showing the investment opportunities of funds in the field of technological innovation Attention. In addition, ETFs in sub-sectors such as pharmaceuticals and photovoltaics have also achieved good issuance results this year.
As the demand for funds for ETFs on subdivisions is becoming more and more prominent, the public equity industry has paid much attention to the layout of such ETFs in recent years, and more and more fund companies are participating. Statistics show that since the beginning of this year, the scale of ETF issuance has exceeded 80 billion yuan, most of which are industry or theme ETFs.
China Securities Technology Innovation and Entrepreneurship 50ETF and Southern China Securities Technology Innovation and Entrepreneurship 50ETF have recently released an announcement on the results of the confirmation ratio of cash subscription applications. The effective cash subscription application confirmation ratios are 59.79% and 81.29%, respectively.
According to the previous arrangement, the cash-raising scale of the China Securities Technology Innovation and Entrepreneurship 50ETF and the Southern China Securities Technology Innovation and Entrepreneurship 50ETF is capped at 3 billion yuan, which means that the cash subscription amount of the above two funds is 5 billion yuan and 3.7 billion yuan respectively. .
The reporter learned that the issuance of the 9 double-creation 50 ETFs is relatively smooth, and investors are eager to subscribe. Since the beginning of this year, ETFs in the pharmaceutical, technology, photovoltaic, and chemical industries have been favored by investors.
Take the pharmaceutical industry as an example. Since the beginning of this year, eight fund companies including Boshi Fund, China Merchants Fund, Ping An Fund, and China Universal Fund have issued pharmaceutical ETFs. Among them, the issuance scale of Ping An TCM and medical device innovation ETF reached 1.134 billion yuan.
In the technology industry, ETF funds of large and medium-sized fund companies such as China Asset Management, E Fund, ICBC Credit Suisse Fund, etc. have all won the favor of funds. Specifically, the issuance scale of China’s Hang Seng Internet Technology Industry ETF reached 7.55 billion yuan, and the issuance scale of several ETFs such as ICBC Credit Suisse China Securities Technology Leading ETF and E Fund Hang Seng Technology ETF also exceeded 1 billion yuan.
A public offering person in South China said that investment convenience is strong, and the continuous structural market of A-shares is superimposed, which makes funds prefer ETF investment opportunities. Especially since the beginning of this year, investment hotspots are scattered, industry rotation is obvious, and the investment demand for ETFs in subdivided track ETFs has become more vigorous.
Driven by the demand for funds, the development of ETFs is obvious to all. Wind statistics show that there are 35 newly established ETFs in 2018, with an issuance scale of 91.217 billion yuan. In 2019 and 2020, ETFs continued their rapid development. The newly established ETFs reached 89 and 99 respectively, with a total issuance scale of 174.93 billion yuan and 113.895 billion yuan respectively.
Since the beginning of this year, the enthusiasm for ETF issuance has not retreated. As of June 24, there were 128 newly established ETFs with a total issuance scale of 79.955 billion yuan. Coupled with the issuance of 9 double-creation 50 ETFs, the issuance scale of ETFs in the first half of this year is expected to reach about 100 billion yuan.
It should be noted that the public offering industry’s emphasis on ETFs has evolved into fierce competition among fund companies. From the perspective of the average fund issuance scale, the average issuance scale of a single ETF in the first half of this year was 600 million yuan. This indicator will be 2.6 billion yuan, 1.9 billion yuan, and 1.15 billion yuan in 2018, 2019, and 2020, respectively.
According to industry insiders, this reflects that the public fund industry is paying more and more attention to the ETF market, and more and more fund companies are participating in the layout; on the other hand, it also reflects that competition on the ETF track is becoming more and more intense.
The above-mentioned public fundraiser also said that due to the initial effect of ETFs, the situation of fund companies running the same track may intensify. Industry subdivisions and specific theme tracks are becoming a battleground for major fund companies.
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