Last week, funds entered the market through ETFs (traded open-end index funds). Public fund managers interviewed believe that the current bottom of the A-share market is further confirmed, and the gradual upward trend is obvious. Coupled with the increasing valuation and market confidence, it is expected that funds will still be attracted to enter the market.
Wind data shows that the total share of ETFs increased by 35.287 billion units last week, a month-on-month increase of 1.73%, to 2.08 trillion units; the total size increased by 30.041 billion yuan, a month-on-month increase of 1.53%, to 1.998 trillion yuan, approaching the 2 trillion yuan mark again; The average daily turnover increased by 43.270 billion yuan, a month-on-month increase of 44.27%, to 141.006 billion yuan.
In addition, although no new ETF funds were launched last week, the institutional layout during the year has been obvious, with the total number currently reaching 900. Based on the starting date of subscription, 8 ETFs have made relevant arrangements during the year, with a total expected capital of 34 billion yuan raised. Among them, there are 4 products with fundraising targets exceeding 5 billion shares.
From the perspective of share changes, the industry with the largest increase last week was finance, currently tracked by 25 funds; the theme with the largest increase in share was the CSI New Energy Index, tracked by 5 funds; the index subject with the largest increase in share was the CSI 300, tracked by 22 funds; the index with the highest return is Nasdaq Technology Market Capitalization Weighted, tracked by 1 fund.
It is worth mentioning that the first batch of repurchase series index ETFs declared last week has brought certain confidence to the market. According to information on the official website of the China Securities Regulatory Commission, five public equity institutions, including E Fund, China Asset Management, Boshi Fund, Invesco Great Wall Fund, and Penghua Fund, applied for the first batch of repurchase series index ETFs on the same day.
“Share repurchases can send a signal to the market that the stock price of listed companies is undervalued, enhance investor confidence, and form a strong support for the current valuation level.” said a person from Boshi Fund.
Wind data shows that the top five themes with the largest increase in ETF shares last week were photovoltaic industry, new energy, GEM momentum growth, military industry leaders, and artificial intelligence.
Regarding the market outlook, China Europe Fund believes that the confirmation of the market bottom is often accompanied by three signals: strong stocks compensating for losses, transaction shrinkage, and sentiment bottoming out. These signals are currently appearing one after another, but the restoration of risk appetite still needs time to be verified.
The Securities Times strives to provide true and accurate information. The content mentioned in the article is for reference only and does not constitute substantive investment advice. Any operations based on this are at your own risk.