Caixin Securities, August 31st (Reporter Shen Shuhong) Since the beginning of this year, the enthusiasm for domestic cross-border ETF speculation has not diminished, and institutional funds have also joined the fray. This can be seen in the semi-annual report of funds in 2024.

Looking at the Nasdaq Technology Market Value Weighted ETF, which has been the best performing QDII in the first half of the year, the products under the control of Dan Bin have been consistently buying and have become one of the top ten holders of the product, with a market value of over 0.3 billion yuan. At the same time, Dongfang Port under the control of Dan Bin has also aggressively bought Nasdaq 100 ETFs from companies such as Huaxia, Guangfa, Huaan, China Merchants, Bosera, Guotai, and Huatai Bairui, demonstrating its infatuation with the Nasdaq.

In addition to private equity funds, many retirement FOFs have also followed suit and invested in S&P 500 ETFs, Sino-Korean Semiconductor ETFs, Nikkei 225 ETFs, and other products. Among them, three products under Huaxia Fund have become one of the top ten holders of the company's S&P 500 ETFs, and all four retirement FOFs under E Fund are also among the top ten holders of the Huatai Bairui Sino-Korean Semiconductor ETF.

Dan Bin is "all in" on the Nasdaq 100 ETF.

Take the Jingshun Great Wall Nasdaq Technology Market Value Weighted ETF, which saw a net asset value increase of 33% in the first half of the year, as an example. At the end of 2023, only one product under Dan Bin, Dongfang Port Xiangcai Selected No. 1 Private Equity Securities Investment Fund, became one of the top ten holders of the product, with a holding of 15.0116 million shares and a holding ratio of 0.75%.

As of the end of the first half of this year, Dongfang Port, a billion-dollar private equity firm, has had four products become one of the top ten holders of the Jingshun Great Wall Nasdaq Technology Market Value Weighted ETF, including: Dongfang Port Yuanjian Collective Fund Trust Plan, Dongfang Port Fangyuan Collective Private Equity Securities Investment Fund, Dongfang Port Guangyao Jiaoxin No. 1 Private Equity Securities Investment Fund, and Dongfang Port Value Investment No. 7 Private Equity Securities Investment Fund. They rank third, fourth, seventh, and tenth among the top holders, with a total holding of 0.215 billion shares and a size of 0.308 billion yuan.

In addition to the Invesco China Great Wall Nasdaq technology market cap weighted ETF, Dongfang Port almost bought all the Nasdaq 100 ETFs in the market in the first half of the year, including: Huaan Nasdaq 100 ETF, GF Nasdaq 100 ETF, Huaan Nasdaq 100 ETF, CMB Nasdaq 100 ETF, Bosera Nasdaq 100 ETF, Guotai Nasdaq 100 ETF, Huatai Bairui Nasdaq 100 ETF. These products are also the more eye-catching products in the fund market in the first half of the year, with returns generally above 17%.

Among them, in the top ten holders of Huaan Nasdaq 100 ETF at the end of June, six of them belong to Dongfang Port, including: CR trust Dongfang Port Vision Collective Fund Trust, Dongfang Port Bright Craftsman No. 1 Private Equity Securities Investment Fund, Dongfang Port Value Investment No. 7 Private Equity Securities Investment Fund, Dongfang Port No. 10 Securities Investment Collective Fund Trust, Dongfang Port No. 5 Securities Investment Collective Fund Trust, Dongfang Port No. 9 Securities Investment Collective Fund Trust, ranking third, fourth, sixth, ninth, tenth, tenth (tied), with a total holding of 0.199 billion shares and a total holding scale of 0.322 billion yuan.

It is worth mentioning that in the top ten RMB holders of the E Fund Nasdaq 100 ETF, the local state-owned enterprise, Changzhou Investment Group Co., Ltd., as the largest holder, stands out among the numerous individual investors. The company holds 3.3707 million shares of the E Fund Nasdaq 100 ETF in RMB, with a market value of 10.8198 million yuan.

From the past situation, Changzhou Investment Group has been among the top ten holders of this product for 4 consecutive years since the first half of 2020, and the holdings of this product have remained at 3.3707 million shares unchanged since the end of 2020.

Retirement FOF heavily holds the S&P 500 ETF

In the first half of the year, besides the excellent performance of the index related to the Nasdaq, the S&P 500, MSCI USA 50, and related indices of Japan and South Korea also performed well.

In the first half of the year, Huaan S&P 500 ETF achieved a return of 17.33%. More noteworthy than this net asset value return is that the product is held by Huaan Fund's 3 retirement FOFs, namely: Huaan Retirement Target Date 2050 Five Year Hold, Huaan Ankang Steady Retirement Target One Year Hold, Huaan Anying Steady Retirement Target One Year Hold, ranking as the sixth, eighth, and tenth largest holders of the ETF with a total holding of 6.3631 million shares and a total holding market value of 9.1629 million yuan.

At the same time, Invesco Min'an stable retirement target one-year hold is also the seventh largest holder of Huaxia s&p 500 ETF, with a holding of 2.3461 million shares.

In fact, as early as the second half of 2023, Huaxia Retirement Target Date 2050 five-year hold and Huaxia Juhong Preferred one-year hold became the third and fourth largest holders of the fund, with a total holding ratio of 3.51%.

In the list of the top ten holders of China Life Retirement Target Date 2050 five-year hold and GF Retirement Target Date 2050 five-year hold in CITIC s&p 500 ETF in the first half of this year, there are also traces of two retirement funds, as well as three FOF products under Xingquan Fund - Xingzheng Global Active Allocation three-year closed, Xingzheng Global Preferred Balance three-month hold, and Xingquan Preferred Venture three-month hold.

Interestingly, in the top ten holders of China Tai Bao Rui CSI Korea Exchange Korea Semiconductor ETF, E Fund Japan Fuxing Asset Management N225 ETF, and other products, there are also many retirement FOFs.

Among them, E Fund Retirement Target Date 2050 five-year hold, Ping An Retirement Target Date 2035 three-year hold, E Fund Retirement Target Date 2055 five-year hold, E Fund Wealth Accumulation Active Retirement Target five-year hold, E Fund Retirement Target Date 2045 five-year hold, and others are among the top ten holders of China Tai Bao Rui CSI Korea Exchange Korea Semiconductor ETF; in the top ten holders of E Fund Japan Fuxing Asset Management N225 ETF, there are also Huitianfu Growth Stable Retirement Target one-year hold, Huitianfu Foresighted Stable Retirement Target one-year hold.

In addition, as a QDII fund that was established only on November 6th of last year, E Fund MSCI USA 50 ETF's scale has continued to climb with good performance since its establishment, reaching 1.061 billion yuan at the end of June. In terms of returns, the product achieved a return of 21.46% in the first half of the year. In the early stages of its establishment, the top ten holders of the E Fund MSCI USA 50 ETF were mostly China Great Wall Securities, Chuancai Securities, and China International Capital Corporation and other brokerage institutions.

However, the latest interim report shows that there has been a "earth-shaking" change in its shareholder structure. Not only have five individual investors become new top ten holders, but two products under the well-known Shenzhen private equity fund Monkey King Investment have also become the eighth and ninth largest holders of the E Fund MSCI USA 50 ETF, with a combined holding of 15.0193 million shares and a scale of 18.7741 million yuan.