从基金业绩来看，重仓地产、有色、港股通消费、恒生互联网科技、金融科技等主题的基金产品业绩表现相对较好，而医药生物、新能源、新材料、医疗器械、国防军工等主题基金则表现不佳。Last week, the net purchase of stock ETFs was 20.98 billion yuan, with an overall increase in scale of 42.565 billion yuan.
I. Market Overview
A-share market: Last week (September 18th-September 20th), the market bottomed out and rebounded. The SSE Composite Index and the Shenzhen Component Index both closed slightly higher. The Shanghai Composite Index continued to rise for three consecutive days after the Mid-Autumn Festival. As of last Friday's close, the Shanghai Composite Index closed at 2736 points, up 1.21% for the week, the Shenzhen Component Index closed at 8705 points, up 1.15% for the week, and the ChiNext Index closed at 1536 points, up 0.09% for the week. The average daily trading volume of the two markets was 498.3 billion yuan.
From the perspective of fund performance, funds heavily invested in real estate, non-ferrous metals, China Merchants SSE HK Equities, Hang Seng Internet Tech, Fintech, and other themed funds have relatively good performance, while funds focused on healthcare, new energy, new materials, medical instruments, national defense and military industry themes performed poorly.
II. Capital Trends
Last week, the net purchase of stock ETFs was 20.98 billion yuan, with a total increase in overall size of 42.565 billion yuan. Among broad-based ETFs, the Shanghai and Shenzhen 300 ETF had the highest net purchases last week, at 10.865 billion yuan. In terms of sectors, the most net purchases were in Technology ETFs, at 0.38 billion yuan. Looking at hot topics, the most net purchases were in Chip ETFs, at 0.449 billion yuan.
Specifically, Huatai Bairui Fund's Huabao WP CSI 300 ETF, HS300ETF, Huaxia300, and Jiashi Fund HS300ETF had a total net inflow of 15.013 billion yuan last week. E Fund's Yifangda GEM ETF had a net inflow of 3.094 billion yuan last week.
Multiple gold etfs experienced net capital outflows last week, with Huaan Fund Gold ETF and E Fund Gold ETF seeing respective net outflows of 0.839 billion yuan and 2.78 billion yuan.
In terms of bond ETFs, HFT CSI Short-term Financing ETF had a net outflow of 0.814 billion yuan last week, while 30-year Treasury Bond ETF had a net outflow of 0.269 billion yuan.
III. ETF Performance Changes
Last week, the median weekly return rate of stock ETFs was 1.11%. Among broad-based ETFs, the median price change of Huaxia300 ETF was 1.33%, with the highest yield. When segmented by sectors, large financial ETFs had a median price change of 1.72%, yielding the highest return. Categorized by themes, banking ETFs had a median price change of 1.75%, delivering the highest return.
Specifically, Huabao Fund Real Estate ETF rose by 7.36% last week, while Fortune Fund Industrial Non-ferrous Metal ETF and Huabao Fund Financial Technology ETF climbed by 6.49% and 5.71% respectively. In addition, Hong Kong-themed ETFs and Non-ferrous Metal-themed ETFs also performed well, with Ping An Fund Gold Industry ETF and Da Cheng Fund Hang Seng Tech ETF rising by 5.39% last week.
On the downside, the Dual Innovation-themed ETF performed poorly last week, with Harvest CSI 300 Dividend Low Volatility ETF dropping by 2.87% over the week. The Sci-Tech Medicine ETF and Chinext Growth 50 ETF both fell by over 2% last week.
4. Newly-launched ETF products
Last week, a new ETF was established, which is GF CSI New Energy Battery ETF. This week, GF HSI HK Stock Connect ETF, GF Hang Seng A-Share Power Grid Equipment ETF, and Cathay HSI A-Share Power Grid Equipment ETF will be issued.
5. Hot news
Four HS300 ETFs totaled a trading volume of over 20 billion yuan, setting a record high trading volume in the past two months.
On September 20th, Huatai Bairui HS300 ETF (510300), E Fund HS300 ETF (510310) traded over 7.5 billion yuan and 5.7 billion yuan respectively. In addition, Jiashi HS300 ETF (159919), Huaxia HS300 ETF (510330) traded over 3.7 billion yuan, all reaching a record high trading volume since July 19, 2024. The total trading volume of these four ETF funds exceeded 20 billion yuan.
World Gold Council: China's gold ETF ends eight consecutive months of net inflows.
The World Gold Council released a report stating that as of August 31, global physical gold ETFs saw an inflow of 2.1 billion US dollars in the entire month of August, marking the fourth consecutive month of inflows. In the Asia region, the Indian market led the inflow once again, showing the strongest performance since April 2019; while the Chinese market's gold ETFs experienced net outflows, ending an eight-month streak of net inflows.
Saudi Arabia has approved the first ETF to invest in Chinese Hong Kong stocks.
The Saudi Capital Market Authority recently announced the approval of an ETF fund investing in Chinese Hong Kong stocks. The ETF is managed by Albilad Investment Company and is named "Albilad CSOP MSCI Hong Kong China Equity ETF." It is planned to be listed and traded on the Saudi Stock Exchange, tracking the MSCI Hong Kong China All Shares Select Index.
Gold ETF in Asia has achieved inflow for the 17th consecutive month.
Gold ETF in Asia saw an inflow of about 0.438 billion US dollars in July, marking the 17th consecutive month of inflows. The surge in India's market is primarily attributed to the reform measures outlined in the recent budget.
