Some institutions have begun to sell off.
When the most important holders of etf, insurance institutions, start to sell, the A500 battle is obviously about to enter a new stage.
On November 26, Taikang Life disclosed on its official website that Taikang Life Insurance sold Taikang CSI A500 ETF on November 14, with a selling amount of 15.9737476 million yuan.
This has certainly shocked all market.
From the launch of the CSI A500 ETF to its listing, all participating institutions and channels have been continuously increasing capital, and the competition has been quite fierce.
Now, is it time for a halftime break?
Taikang Life announced the shareholding reduction of A500 ETF.
According to Taikang Life's recent announcement, on November 14, 2024, Taikang Life Insurance sold Taikang CSI A500 ETF, with a selling amount of 15.9737476 million yuan.
This may be the first insurance institution to publicly announce a shareholding reduction of the A500 etf.
Taikang Life is an associated institution of Taikang Fund, the manager of the Taikang Zhongzheng A500 etf, and is a sibling unit of the controlling shareholder of Taikang Fund. It has always been one of the most important holders and supporting institutions of the Taikang Zhongzheng A500 etf.
The gains and losses from the sale are difficult to determine.
Based on the time of the announcement, the average fill price of the Taikang Zhongzheng A500 etf sold by Taikang Life on November 14 was between 1.006 and 0.985 yuan.
Considering that Taikang Life has multiple buying records since the establishment of this etf, it is difficult for outsiders to determine whether this single trade has gains or losses.
Previously accumulated purchases amounted to 0.622 billion.
But it can be determined that the phase of this institution's one-sided buy of the taikang CSI A500 etf has ended.
According to previous disclosures, since the establishment of the taikang CSI A500 etf on September 27, taikang life has been its most important holder.
According to the fund's listing trade announcement, among the top ten holders, there are four products from taikang life, ranking first, third, fifth, and sixth respectively.
Just the amount disclosed in the top ten holders list, taikang life accounted for more than 25% of the fund's initial scale.
From taikang life's announcement, taikang life continuously bought on October 25, November 5, November 6, November 7, and November 13.
The total subscription at the time of the IPO, taikang life bought at least nearly 0.622 billion yuan before November 14.
It can be regarded as the most "backstabbing" "uncle" in the growth record of taikang A500 etf fund scale.
After selling, it was bought again.
On November 14, after the one-way buying situation was broken, Tianhong Life Insurance made a reverse purchase of 11.5 million yuan again on November 18.
From the market trend, on November 18, 2024, the Tianhong A500 etf experienced a significant premium phase during the session.
This is beneficial for the overall scale of Tianhong A500 etf to stabilize and strengthen.
The scale of A500 etf initially widened the gap.
For the A500 etf, which has already experienced a phase of intense competition, the current stock scale has already widened the gap.
As of the day of November 27, Wind disclosed data showing that the estimated scale of various funds' Zhongzheng A500 etf has already widened the gap.
Among them, the estimated scale of the Cathay CSI A500 etf exceeds 27 billion yuan, while the Southern CSI A500 etf and Invesco Great Wall CSI A500 etf are estimated to have a scale of 15 billion yuan. The estimated scale of the CSI A500 etf for China Universal Fund, China Merchants Fund, Guangfa Fund, Morgan Fund, Huaxia Fund, and Harvest Fund is also above 10 billion.
At the same time, the scale of the Taikang A500 etf is only 7.8 billion. The product scale is relatively behind in the current competition.
Attached image: Estimates of the scale of some already listed A500 etfs.
There are also institutions waiting to enter.
But in the battle for the CSI A500 etf, there are still new participants attempting to step in.
The announcement shows that Wanjiasheng CSI A500 etf, Dacheng CSI A500 etf, Huabao CSI A500 etf, Tianhong CSI A500 etf, Penghua CSI A500 etf, Bosera CSI A500 etf, ICBC CSI A500 etf, and Huaan CSI A500 etf are all in a state of fundraising completion and are about to be listed.
In addition, Galaxy, Haifutong, Zhongjin, Industrial Bank, Pudong Development Bank, Ansheng, Tibet Dongcai, Rongtong, and other institutions have reported related funds and are currently waiting to "enter the market."
It seems that there may still be a chance for a second outbreak of the battle in the China Securities A500.
