Every reporter: Ye Feng Every editor: Xiao Ruidong
This week, stock indices collectively adjusted, with a total net outflow of 24.427 billion yuan from stock ETFs and cross-border ETFs in the Shanghai and Shenzhen markets.
From an industry theme perspective, ETFs related to gold and batteries were favored by funds, while ETFs related to telecommunications and coal were sold off.
Over 24 billion yuan in funds exited via ETFs in the week before the holiday
In the week before the short holiday, the transaction volume in the Shanghai and Shenzhen markets reached 9.41 trillion yuan, with the Shanghai market accounting for 4.15 trillion yuan and the Shenzhen market 5.26 trillion yuan. As of the latest close, the Shanghai Composite Index closed at 3880.1 points, down 0.86% for the week, while the Shenzhen Component Index closed at 13352.9 points, down 2.96% for the week.
According to Wind data, this week saw a total net outflow of 24.427 billion yuan from stock ETFs and cross-border ETFs in the Shanghai and Shenzhen markets, with broad-based index ETFs experiencing a net outflow of 17.5 billion yuan and industry theme ETFs a net outflow of 9.677 billion yuan.
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In detail, the overall fund subscription and redemption statistics for major broad-based indices show that this week, the Sci-Tech Innovation 50 and ChiNext Index achieved net inflows, while the CSI A500 saw a net outflow of 9.209 billion yuan.
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Specific to ETFs, the ten largest broad-based index ETFs experienced a total net outflow of 6.693 billion yuan this week, with the Huatai-PineBridge CSI 300 ETF, Southern CSI 500 ETF, Huaxia SSE 50 ETF, and Huatai-PineBridge CSI A500 ETF each seeing net outflows exceeding 1 billion yuan.
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Performance of major index-related ETFs this week
Some brokerages indicated that short-term market trading activity may be relatively sluggish, and the index may maintain a volatile trend. In the medium term, the market is likely to be characterized by wide fluctuations, with increased volatility. It is recommended to reasonably control positions and wait for market signals of a turning point to appear.
Gold-related ETFs are favored by funds, while hot telecommunications-related ETFs are sold off
In terms of industry theme ETFs, there were 23 funds with net inflows exceeding 100 million yuan this week, among which the gold stock ETF Yongying, battery ETF Guangfa, and non-ferrous metal ETF Tianhong saw increases of 40.6 million shares, 40 million shares, and 43.1 million shares, respectively, with net inflows of 919 million yuan, 442 million yuan, and 366 million yuan.
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In terms of capital outflows, this week, 44 industry-themed ETFs experienced net outflows of over 100 million yuan, among which the communication ETF from Guotai, coal ETF from Guotai, and real estate ETF from Southern saw reductions of 1.052 billion shares, 733 million shares, and 573 million shares respectively, with net outflows of 1.16 billion yuan, 894 million yuan, and 771 million yuan.
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It is worth noting that gold stocks were favored by capital before the holiday, and the related ETF shares saw a slight rebound; however, communication faced capital sell-offs.
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Changes in the fund shares of the gold stock ETF Yongying (517520)
Some brokerages indicated that the medium-term trend of gold prices still depends on U.S. dollar credit and liquidity factors. Following the recent Middle East conflict, it is expected that the continuation of two major trends—liquidity easing and weakening U.S. dollar credit—will continue to drive up gold prices.
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Changes in the fund shares of the communication ETF Guotai (515880)
Some analysts believe that the current AI trend is clear, with high capital expenditure growth from domestic and foreign cloud vendors. The communication sector, as a &#34;shovel seller&#34; in the computing power industry, is expected to continue growing in market size.
19 ETFs had weekly trading volumes exceeding 10 billion yuan
This week, there were 19 ETFs with trading volumes exceeding 10 billion yuan, including the Hong Kong stock innovative drug ETF from Guangfa, A500 ETF from Huatai-PB, A500 ETF from Southern, and CSI A500 ETF from Guotai, all exceeding 30 billion yuan in weekly trading volume.
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It is noteworthy that several Hong Kong stock-related ETFs hit a 60-day low this week.
Some brokerages indicated that the recent irrational adjustment of the Hang Seng Technology Index has sufficiently released short-term emotional risks, and currently exhibits characteristics of being oversold and undervalued, with capital accumulating against the trend, a favorable fundamental outlook for the AI industry, and imminent corporate buybacks, indicating clear support for the sector and significantly improved cost-effectiveness for allocation.
9 ETFs to be issued next week
Fund heavyweights have always been a focus for investors, but the heavyweights of actively managed funds typically surface with a certain lag, while the targets of ETF layouts are very clear. By tracking newly listed ETFs, one can usually discover recent hot stocks, and the incremental capital brought by newly listed ETFs is also worth noting
Currently, there is 1 ETF that has disclosed its listing next week, tracking oil and gas.
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Currently, there are 9 ETFs that have disclosed their issuance next week, tracking non-ferrous metals, Hong Kong Stock Connect information technology, home appliances, automobiles, oil and gas, etc.
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Daily Economic News

This week, the stock-type ETFs and cross-border ETFs in the Shanghai and Shenzhen markets experienced a net outflow of 24.427 billion yuan, mainly affected by the sell-off of communication and coal-related ETFs. The broad-based index ETFs had a net outflow of 17.5 billion yuan, while industry-themed ETFs saw a net outflow of 9.677 billion yuan. Although gold and battery ETFs attracted funds, communication ETFs faced sell-offs. Market trading activity may be relatively sluggish, and the index is expected to maintain fluctuations in the short term. It is recommended to reasonably control positions and wait for market turning point signals

腾讯新闻 - 财经

Fund investors are confused! Before the holiday, the main force dumped 24.4 billion yuan through ETFs, and the strong communication sector was also sold off