Another ETF explosion: Is Huitianfu CSI 800 ETF fundraising 6.6 billion?
China Fund News reporter Li Shuchao’s stock ETF products are back!
The first product announced in October, Huitianfu CSI 800ETF, was issued with a scale of US $ 6.6 billion, which ushered in a “starting point” for the new fund issuance in the fourth quarter. This fund also became the 15th fundraising fund with a scale of over 2 billion yuan during the year.Explosive stock ETF products.
Large-cap wide-base ETF reappeared on October 9th, Huitianfu CSI 800 ETF released the fund contract effective announcement, the only fund 1.
730,000 households subscribed for a total of 66.
US $ 0.1 billion, which became another explosive wide-based ETF product established after the ICBC Shanghai and Shenzhen 300 ETF and the Bosch CSI 500 ETF this year. The number of newly established stock ETFs exceeding 2 billion this year has also expanded to 15Far more than the number of 6 last year.
Since the beginning of this year, ICBC CSI 300 ETF, which tracks the CSI 300 Index, has its first fundraising scale of 68.
6.4 billion yuan, which tracks the establishment of the CSI 500 ETF.
With US $ 6.2 billion, Huitianfu Fund established an equity ETF tracking the CSI 800 Index with an issue size of US $ 6.6 billion, which once again set off a small upsurge in the issuance of the broad-based broad-based ETF.
In fact, in last year’s stock market turbulence, institutional funds and ordinary investors used stock ETFs to fall and buy more, and the size of stock ETFs expanded rapidly against the market. In particular, the broad-based wide-based ETFs were favored by investors and became funds.An important asset allocation tool for participating in stock market transactions.
Since the beginning of this year, various public offerings have subsequently strengthened the layout of non-cargo-based ETFs. The total number of 53 non-cargo-based ETFs newly established during the year has reached 1175.
61 trillion, which is 255 higher than the total scale last year.
4.4 billion yuan, an increase of 27 during the year.
In the newly established non-cargo-based ETFETF, the explosive ETF has become a gold weapon.
According to Wind data, as of October 9th, the total issue size of 15 stock ETFs with a scale of more than US $ 2 billion during the year was 929.
USD 8.9 billion, accounting for 79 of the newly established non-cargo-based ETFs this year.
From the perspective of the type of explosive funds, the concept of ETFs driven by the innovation of state-owned enterprises, the reform of local state-owned enterprises, and regional development has a noticeable effect.
For example, Bo Shi, Jia Shi, GF, and Wells Fargo’s four publicly funded central SOEs’ innovation-driven ETFs attracted a total of 406 gold.
US $ 8.7 billion; Huitian Fuzhong Securities CSI Yangtze River Delta integrated development ETF, Ping An Guangdong, Hong Kong and Macau Greater Bay Area ETFs issued more than 6 billion U.S. dollars; China Securities CSI Sichuan State Reform ETF first raised up to 3.7 billion U.S. dollars.
In addition, the opening of the science and technology board caused technology ETFs to become a fan of funds.
Huaxia CSI 5G Communication Theme ETF raised 41 for the first time.
At 500 million yuan, Huatai Barry CSI 100 ETF was issued21.
200 million US dollars, Castrol CSI emerging technology 100 strategy ETF, Huabao CSI TapETF issue scale also stood at 1 billion mark.
Finally, the broad market wide-base index is also favored by funds.
ICBC CSI 300 ETF raised 68 for the first time.
600 million yuan, Bo Shi CSI 500ETF raised 27 for the first time.
600 million yuan.
Talking about the frequent occurrence of explosive funds this year, a fund manager of a large-scale public fundraising quantitative investment department in Beijing analyzed that since the scale of passive funds increased against the market in the second half of last year, the value of stock ETF allocation tools has been recognized by more and more investors.As for the allocation of large institutions such as banks and insurance, including overseas funds, small private placements are actively participating, and the proportion of individual investors is also rising. Some listed companies have also exchanged for ETFs through stock exchanges.
The fund manager said, “Allocating funds and trading funds are pouring in, which has led to the phenomenon of explosive funds, and domestic stock ETFs have also entered the fast track of development.
“Table 1: This year ‘s explosive funds with a scale of more than US $ 2 billion (data source: wind) form a broad-based broad-based ETF with a differentiated competitive landscape. From the perspective of the current mainstream broad-based wide-based ETF market, each leader of the wide-based ETF market is divided.Belonging to a number of public offerings, a differentiated competitive landscape is beginning to take shape.
The data shows that as of the close of October 8, the South China Securities 500 ETF topped the China Securities 500 Index with 43.5 billion, the size of Huaxia Shanghai 50ETF was US $ 40.9 billion, the size of Huatai Barry Shanghai and Shenzhen 300 ETF was 34 billion, which was 27.2 billion more than Huaxia Shanghai and Shenzhen 300 ETF.The scale of 22.8 billion of Castrol CSI 300 ETF is one order of magnitude higher; E Fund’s GEM ETF is worth USD 18.6 billion, forming a competitive advantage in the GEM Index.
E Fund’s Hang Seng H-Share ETF and Hua Xia Hang Seng ETF respectively form the leading positions in the Hang Seng China Enterprise Index.
It is obvious that among the leading stock ETF products, SSE 50, CSI 300, CSI 500, GEM Index, SSE 180 Index, etc. all have ETF products of more than 10 billion scale, while SZSE 100 and CSI 800,There are currently no tens of billions of funds in the Hang Seng Index and other fields.
In response to the frequent appearance of large-scale wide-base ETF leading tens of billions of funds, the fund manager of the above-mentioned large-scale public equity quantitative investment department in Beijing said that from the perspective of the development history of overseas markets, most of the stock ETF products that ranked first in the market belonged to large-cap wide-base index:This is because such indices have large market capacity, good liquidity and active trading in the market, and will not have an impact on individual stock transactions. It is more likely to become the investment target of large funds. Second, the large-cap wide-base index is difficult to bring excess returns.The performance of many active funds is difficult to outperform the broad market wide base. Through productization, low fees, and high transparency, it is easier to obtain the favor of funds.
A financial product analyst at a large securities firm in Shanghai also believes that from the top ten products in the U.S. stock ETF market, the broad-based broad-based index, value, growth and other style indexes are easy to become large-scale strength funds, and Russell 1000 was selected.The size of the index and Pioneer Value ETF are 厦门夜网 more than 40 billion US dollars.
”The broad market broad-based index product has a large market capacity and it is easier to increase the size of the fund.From the perspective of future development trends, in fact, the stylized Smart Beta ETF also has broad development prospects. Explosive products must have large capacity, good liquidity, good physical examination, and long-term profit making effects. Obvious investment style and earning powerThe smart index’s future outlook and the broad market broad base are evenly divided, and the stock ETF market will grow together.
“The financial product analyst said.
Table 2: Main products of current mainstream broad-based ETF (data source: wind)