Every reporter: Ye Feng Every editor: Zhao Yun
This week, stock indices collectively rebounded, with a total net outflow of 38.835 billion yuan from stock ETFs and cross-border ETFs in the Shanghai and Shenzhen markets.
From an industry theme perspective, communication ETFs are favored by funds, while securities and chip-related ETFs are being sold off.
Over 38 billion yuan in funds exited via ETFs
This week, the total transaction volume in the Shanghai and Shenzhen markets reached 8.51 trillion yuan, with the Shanghai market accounting for 3.66 trillion yuan and the Shenzhen market 4.85 trillion yuan. As of the latest close, the Shanghai Composite Index closed at 3986.22 points, up 2.73% for the week, while the Shenzhen Component Index closed at 14309.47 points, up 7.16% for the week.
According to Wind data, this week saw a total net outflow of 38.835 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 15.5 billion yuan and industry theme ETFs a net outflow of 20.4 billion yuan.
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OxPC4_KE1C-jtKngCng1IR47KDG18LiEPqm31RWL_JI4IAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OxPC4_KE1C-jtKngCng1IR47KDG18LiEPqm31RWL_JI4IAA/641"/>
In detail, the overall fund subscription and redemption statistics for major broad-based indices show that the CSI 500 saw a net inflow of 8.335 billion yuan this week, while the CSI 300 and CSI A500 both experienced net outflows exceeding 6 billion yuan.
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O6yXpS50XO1C3pLGNUy9Odam3hIzek7bZ_5xS6L_GYVTMAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O6yXpS50XO1C3pLGNUy9Odam3hIzek7bZ_5xS6L_GYVTMAA/641"/>
Specific to ETFs, the ten largest broad-based index ETFs experienced a total net outflow of 7.075 billion yuan this week, with the CSI 500 ETF from China Southern seeing a net inflow of 6.14 billion yuan, while the CSI 300 ETF from Huatai-PB experienced a net outflow of 3.689 billion yuan.
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OJbi9QKfvhTWsTnpn_2qe4i1BDfG6KsCly6cqv1qkYqXkAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OJbi9QKfvhTWsTnpn_2qe4i1BDfG6KsCly6cqv1qkYqXkAA/641"/>
Performance of major index-related ETFs this week
Some brokerages indicate that the most pessimistic phase of the A-share market may have passed, and a phase bottom is gradually solidifying. With the disclosure window for annual reports and quarterly reports advancing, expectations for listed company profit recovery are strengthening, which is expected to provide fundamental support for stock prices.
Chip and securities-related ETFs sold off
In terms of industry theme ETFs, there were 17 funds this week with net inflows exceeding 100 million yuan, including the communication ETF from Guotai, the chemical ETF from Penghua, and the gold stock ETF from Yongying, which saw increases of 1.205 billion shares, 1.487 billion shares, and 157 million shares respectively, with net inflows of 1.415 billion yuan, 1.33 billion yuan, and 366 million yuan
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O2e4w3Yn4p8CI_2gjagdWTQqo6m394LK2gicE2aN7FpzMAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O2e4w3Yn4p8CI_2gjagdWTQqo6m394LK2gicE2aN7FpzMAA/641"/>
In terms of capital outflow, this week, 63 industry-themed ETFs experienced a net outflow of over 100 million yuan. Among them, the securities ETF Guotai, the sci-tech chip ETF Harvest, and the brokerage ETF Hwabao saw their shares decrease by 1.761 billion, 606 million, and 2.19 billion respectively, with net outflows of 1.882 billion yuan, 1.518 billion yuan, and 1.114 billion yuan.
The brokerage sector rebounded significantly this week, but ETF funds saw a substantial net outflow, with the securities ETF Guotai and the brokerage ETF Hwabao collectively experiencing a net outflow of nearly 3 billion yuan.
Additionally, the chip sector has recently been sold off, leading to a continuous decline in related ETF shares.
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OjAZFzR67JkrlqvKUcNxc6WmyFknNZEkIsmkb-vwxS9pAAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OjAZFzR67JkrlqvKUcNxc6WmyFknNZEkIsmkb-vwxS9pAAA/641"/>
Changes in fund shares of the sci-tech chip ETF Harvest (588200)
However, some analysts believe that the storage industry will struggle to form a scaled and effective supply by 2026. This trend is expected to continue affecting upstream semiconductor equipment and packaging and testing segments, benefiting domestic storage chip designers, storage module manufacturers, semiconductor equipment, and packaging and testing companies.
16 ETFs with weekly trading volume exceeding 10 billion yuan
This week, there were 16 ETFs with trading volumes exceeding 10 billion yuan, including stock-type ETFs and cross-border ETFs. Among them, the Hong Kong securities ETF E Fund had a weekly trading volume exceeding 30 billion yuan.
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OXpTN4qfRK9Nv7y-d37ca2YFqxAW_wDsYCC-4rIleJUkoAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OXpTN4qfRK9Nv7y-d37ca2YFqxAW_wDsYCC-4rIleJUkoAA/641"/>
Notably, the ChiNext ETF E Fund reached a 60-day high this week.
On April 10, the China Securities Regulatory Commission officially released the &#34;Opinions on Deepening the Reform of the ChiNext Board to Better Serve the Development of New Quality Productivities.&#34; Some analysts believe that this round of reform is expected to enhance the ChiNext's attractiveness to high-quality growth assets and help improve market expectations for the financing environment of innovative enterprises.
15 ETFs to be issued next week
Fund heavyweights have always been a focus for investors, but the heavyweights of actively managed funds usually surface with a certain lag. In contrast, the targets of ETFs are very clear, and by tracking newly listed ETFs, investors can typically discover recent hot stocks. The incremental funds brought by newly listed ETFs are also worth noting.
Currently, there is 1 ETF disclosed to be listed next week, tracking the ChiNext new energy sector
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Currently, 15 ETFs have disclosed their issuance for next week, tracking underlying assets such as sci-tech innovation, entrepreneurship, artificial intelligence, electricity, food, and Hong Kong Stock Connect technology.
<img src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OYv9lPRn_oI7ZATLnCNzzmd7ChKFhhJ5wpbkvBGkyLfcUAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OYv9lPRn_oI7ZATLnCNzzmd7ChKFhhJ5wpbkvBGkyLfcUAA/641"/>
Daily Economic News

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This week, stock indices rebounded strongly, but the total net outflow of stock ETFs and cross-border ETFs in the Shanghai and Shenzhen markets reached 38.835 billion yuan. Securities and chip-related ETFs were sold off, while ETFs related to telecommunications received funding favor. The Shanghai Composite Index rose by 2.73%, and the Shenzhen Component Index increased by 7.16%. Broad-based index ETFs experienced a net outflow of 15.5 billion yuan, while industry-themed ETFs saw a net outflow of 20.4 billion yuan. Despite the outflow of funds, brokerages indicated that the pessimistic phase of the A-share market may have passed, and expectations for the recovery of listed companies' profits have strengthened

腾讯新闻 - 财经

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Guotai CES Semiconductor Chip Industry ETF

China Southern CSI All Share Investment Banking & Brokerage ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Retail investors are confused! The stock index rebounded strongly, but major institutions sold off 38.8 billion yuan through ETFs, and the strong brokerage and chip sectors were also wildly dumped