I. Market Overview

Last week, the main broad-based indices of the A-share market showed differentiation in performance, with the CSI 500, SME Board Index, and CSI 1000 Index leading in returns, with returns of 0.38%, -0.63%, and -0.75% respectively. The Science and Technology Innovation Board 50 (Kechuang 50), ChiNext Price Index (Chuangye Ban Index), and CSI 300 Index lagged behind in returns, with returns of -5.19%, -5.14%, and -1.68% respectively.

In terms of styles, the SSE Dividend Index performed poorly as market sentiment heated up, creating a strong atmosphere for investing in small and medium market capitalization stocks. The BeiZheng 50 (North 50) led the small-cap style index, while the CSI 2000 and CSI 1000 both recorded slight gains.

Looking at the trading volume, except for the ChiNext Price Index, Kechuang 50, and CSI 300, the trading volume of major broad-based indices increased last week. In terms of industries, real estate, comprehensive (Zonghe), and steel led in returns, with returns of 6.20%, 5.09%, and 4.44% respectively; while defense and military industry, healthcare, and telecommunications were at the bottom with returns of -3.14%, -2.87%, and -2.86% respectively.

II. Capital Trends

Last week, stock ETFs saw a net redemption of 13 billion yuan, with an overall decrease in total size of 80.746 billion yuan. Among the broad-based ETFs, the A500 ETF had the highest net purchase of 17.398 billion yuan; in terms of sectors, the CSI Consumer Staples ETF had the highest net purchase of 1.071 billion yuan; and in terms of hot topics, the CSI Health Care ETF had the highest net purchase of 0.798 billion yuan.

Specifically, Guotai Fund's CSI A500 ETF, Fuguo's CSI A500 ETF, Morgan's CSI A500 ETF, Invesco's CSI A500 ETF, Southern's CSI A500 ETF, China Merchants Fund's A500 Index ETF, and Huatai Baoxing Fund's CSI A500 ETF saw net inflows of 6.06 billion yuan, 3.333 billion yuan, 26.93 billion yuan, 24.86 billion yuan, 1.98 billion yuan, 1.871 billion yuan, and 18.44 billion yuan respectively.

In terms of net capital outflows, the CSI 1000 Index, CSI 500 Index, and CSI 300 Index saw profit-taking activities, with a total net outflow of -11.312 billion yuan for the three CSI 1000 ETFs last week. The two CSI 500 ETFs had a total net outflow of -7.847 billion yuan last week.

Hs300etf and 300etf saw a total net outflow of -7.572 billion yuan last week.

III. ETF Performance Changes

Last week (from October 28, 2024 to November 01, 2024, the same below), the median weekly return of stock ETFs was -1.60%. Among broad-based ETFs, the median return of the CSI 500 ETF was 0.36%, with the highest return.

When segmented by sector, the Financials ETF had a median return of -0.06%, the smallest decline. When classified by theme, the zhengquanetf had a median return of 0.32%, the highest return.

Specifically, last week, the Guotai Fund Photovoltaic 50 ETF, Southern Fund Real Estate ETF, Boshi Fund Fintech ETF, and Yinhua Fund VRETF rose by 10.65%, 8.54%, 8.52%, and 8.31% respectively.

Last week, both the caitong fund building materials ETF and boshi fund hubei ETF rose by more than 7%.

In terms of decline, last week, the innovative drugs thematic ETF and dividend strategy ETF performed poorly, with the connect innovation drugs ETF, connect pharmaceutical ETF, and hang seng biotechnology ETF falling by 5.51%, 4.4%, and 4.29% respectively. The hang seng dividend ETF fell by 4.17% last week.

Beginning with middle letter stocks and bank sector also performed poorly, with the sse dividend guoqietf and china southern csi banks etf falling by 3.4% and 3.36% respectively last week.

4. Newly-launched ETF products

Four new ETFs were established last week: the software 50 etf, galaxy sse state-owned enterprise dividend etf, nanshan csi semiconductors industry selected etf, and e fund csi photovoltaic industry etf.

This week, there will be the issuance of 12 ETFs: huabao csi a500etf, huaan csi a500etf, tianhong csi a500etf, icbc csi a500etf, gf csi a500etf, da cheng csi a500etf, penghua csi a500etf, huaxia csi a500etf, boshi csi a500etf, wanjiacsi a500etf, easy csi a500etf, and huitianfu csi a500etf.

5. Hot news

The second batch of csi 500 index ETF 'Lightning' has been approved! The scale of related products tracking the csi 500 index has exceeded 112.3 billion yuan.

E Fund, Huaxia, GF Fund, Bosera, Huitianfu, Tianhong, Penghua, ICBC Credit Suisse, Huaan, Da Cheng, WanJia, and Huabao Fund and other 12 fund companies have applied for the csi 500 index ETF products, which have been officially approved and have obtained approval documents. It only took one trading day from product declaration, acceptance to issuance approval.

The fastest 100 billion index is born with a csi 500 index fund scale of 103.5 billion.

The latest data shows that just over a month since the launch of the csi 500 index on September 23, the total scale of funds tracking the csi 500 index has reached 103.5 billion, setting a record for the fastest breakthrough of billions in domestic index-related funds.

Hedge fund Vantage Point bets on Trump's victory.

Hedge fund Vantage Point Asset Management is increasing its bets on Japanese stocks and the US dollar, betting that the Republican presidential candidate Trump will win the US presidential election next week. Bloomberg reported that the investment director of this Singapore-based company, Nick Ferres, said that buying Japanese stocks and the US dollar is based on the assumption that Trump's second term will support tax cuts, thereby supporting global economic growth and maintaining high inflation. The rise in US Treasury yields will boost the US dollar and weaken the yen, benefiting Japan's export-oriented economy, which typically supports the Japanese stock market.

3.5 trillion! In the third quarter of 2024, the ETF scale hit a new high again, with the top ten funds having profits exceeding one hundred billion during the quarter.

In the third quarter of 2024, the overall scale of public fund ETF market hit a new high, reaching 3.5 trillion yuan, with non-currency ETF scale reaching 3.35 trillion yuan. Among them, the scale of stock ETFs showed the most significant increase, and the existing scale of some broad-based ETFs has exceeded 1 trillion. Among the top ten funds in terms of profits in the third quarter, most are broad-based ETFs, with profits generally exceeding 10 billion yuan.

5. The Government Pension Investment Fund of Japan (GPIF) incurred a loss of 3.57% in the third quarter.

6. On October 30th, the Albilad Southern East MSCI Hong Kong China Stock ETF (Albilad CSOP MSCI Hong Kong China Equity ETF) was officially listed on the Saudi Stock Exchange. This is the first ETF in Saudi Arabia that invests in the Hong Kong stock market of China.