Since the beginning of this year, the scale of stock traded open index funds (ETF) has continued to climb, with the latest scale reaching 730 billion yuan. On the whole, the head effect of ETF market is still significant, the top 10 companies occupy more than 80% of the market share; the number of 10 billion stock ETF products reaches 18, with a total scale of 418.359 billion yuan, accounting for nearly 60% of the total stock ETF.
From the November list, a number of broad-based ETF, part of the TMT industry and pharmaceutical industry ETF net inflow ranked in the forefront; securities ETF is also more popular, the total size increased by more than 4 billion yuan in a month.
Total size of stock ETF
Up to 730 billion
Data show that as of November 30 this year, the total ETF size of 294 stocks in the market had reached 730 billion yuan, an increase of 5.73 percent over the previous month, and an increase of 164.7 billion yuan, or 29 percent, compared with the end of last year.
Since the beginning of this year, fund companies have been enthusiastic about the layout of ETF products. By the end of November, the total ETF size of 71 newly established stocks so far this year was 104.186 billion yuan, accounting for more than 60% of the new stock ETF during the year.
Judging from the ranking of individual product scale, by the end of November, Huaxia Shanghai 50ETF was far ahead with 53.964 billion yuan, being the only stock ETF with a scale of more than 50 billion, with an increase of 16.83% during the year; Huatai Berry Shanghai and Shenzhen 300ETF's latest size exceeded 40 billion yuan, up 4.03% from the beginning of the year; and the latest sizes of Southern CSI 500ETF and Cathay Pacific Securities Company ETF both exceeded 38 billion yuan, 38.396 billion yuan and 38.336 billion yuan respectively. The ETF of the other six stocks in the top 10 are all more than 20 billion yuan, namely Huaxia Shanghai and Shenzhen 300ETF, Castrol Shanghai and Shenzhen 300ETF, Huaxia International Securities Semiconductor Chip ETF, Huaan Shanghai 180ETF, Huaxia CSC 5G Communications theme ETF, Huabao CSC Total Index Securities ETF.
Compared with the end of October, the specific ETF products in the top 10 of the latest scale list have not changed, but the seats have been slightly adjusted, among which, Huaxia International Securities Semiconductor Chip ETF replaces Castrol Shanghai and Shenzhen 300ETF, ranking 6th; Huaxia CSC 5G communications theme ETF and Huabao CSI all Index Securities ETF also swap seats.
While the total scale increases, the head effect of ETF products is still significant. By the end of November, the number of 10 billion stock ETF products reached 18, with a total scale of 418.359 billion yuan, accounting for 57.28% of the total stock ETF. Including these funds, there are 36 stock ETF with a scale of more than 5 billion yuan, totaling 542.62 billion yuan. This means that the top 12 per cent of products account for 74 per cent of the total stock ETF market.
Top ten companies
Occupy more than 80% of the share
With the stock ETF soaring by 160 billion in the first 11 months, a number of fund companies have also risen in size. The top 10 fund companies are Huaxia Fund, Cathay Pacific Fund, Southern Fund, Yi Fangda Fund, Huatai Berry Fund, Warburg Fund, Huaan Fund, Castrol Fund, Guangfa Fund and Huitienfu Fund.
Specifically, the advantages of the first-mover company have been continuously consolidated. As of November 30, the total ETF size of the above 10 fund companies reached 593.261 billion yuan, accounting for 81% of the total ETF market size. Bosch Fund, Tianhong Fund, ICBC Credit Suisse Fund, Yinhua Fund and other companies ranked 11th to 20th, with a total ETF size of 121.813 billion yuan, accounting for about 17% of the total ETF market size. The total ETF size of other fund companies is only 14.253 billion yuan, accounting for less than 2%.
More than 80% of the ETF market share is carved up by the top 10 fund companies, which form the first echelon, and the competition among the first echelon members is equally fierce.
Huaxia Fund is at the top of the list with absolute advantage, with a total ETF management scale of 176.677 billion yuan for its 25 stocks, with an increase of nearly 62 billion yuan this year, further consolidating its position as the king of scale. In the steady increase in old products at the same time, Huaxia Fund this year's new layout of Huaxia Guangdong-Hong Kong-Macau Greater Bay Area innovation 100ETF, Huaxia Guozheng semiconductor chip ETF, Huaxia card new energy vehicle ETF and other five stocks ETF. Among them, the chip ETF and the new energy vehicle ETF make a great contribution, and the latest scale of the two products is 24.465 billion yuan and 7.23 billion yuan, which once became popular products in the market.
Among the top 10 fund companies, Cathay Pacific Fund is the largest fund company to jump this year, with a total ETF of 12 stocks totaling 78.296 billion yuan, nearly doubling from the end of last year, and the ranking has also jumped from No. 9 at the end of last year to No. 2. The company's stock ETF scale increment is mainly contributed by Cathay Pacific China Securities Biopharmaceutical ETF, Cathay Pacific CES semiconductor chip ETF and other products that track the hot industry index during the year.
The Southern Fund ranked third with 60.272 billion yuan, with an increase of nearly 6 billion yuan this year. Yi Fangda Fund and Huatai Berry Fund followed closely behind, with a total ETF of 57.068 billion yuan and 55.73 billion yuan respectively. The ETF of Warburg Fund, No. 6, surged 1.63 times to 43.165 billion yuan.
November market wide base ETF
Be favored by funds
Just past November, A-share ETF as a whole showed a net inflow state, combined with the share and unit net value changes, a number of broad-based ETF, TMT industry ETF net inflow in the forefront.
In the broad-based index ETF, Huaxia Shanghai 50ETF increased by about 1.551 billion, about 5.4 billion net capital inflows, the total scale stood above the 50 billion mark. The 50ETF of Huaxia Shanghai Stock Exchange Co., Ltd. listed on November 16 is also highly sought after, with a net asset value of more than 10 billion yuan after listing for half a month. Huatai Berry Shanghai and Shenzhen 300ETF, Huaxia gem low-wave blue-chip ETF received a net inflow of 1.649 billion yuan and 1.539 billion yuan respectively. Huaxia gem momentum growth ETF share increased by nearly 1.4 billion, more than 900 million yuan net inflow into the fund. In addition, Tianhong Fund, Yi Fangda Fund, Hua'an Fund's gem ETF is also favored by funds, with net inflows of more than 300 million yuan.
In the narrow base index, part of the pharmaceutical industry ETF and TMT industry ETF net inflow in the top. Yinhuazhong Securities Innovation Pharmaceutical Industry ETF and Cathay Pacific Securities Biopharmaceutical ETF have a net inflow of about 1.362 billion yuan and 631 million yuan respectively. In addition, Huaxia CSC 5G communications theme ETF, Guolian an Zhong Zheng all-index semiconductor ETF, Cathay Pacific CES semiconductor chip ETF have a net inflow of 1.141 billion yuan, 963 million yuan and 470 million yuan respectively.
In November, brokerage ETF was also sought after by funds, with an increase of 4.153 billion yuan. Among them, the ETF scale of Cathay Pacific Securities has increased by 2.413 billion yuan, and the current scale has reached 38.336 billion yuan; the ETF scale of Huabao CSC all Index Securities has increased by 1.251 billion yuan, and the latest scale is 21.463 billion yuan. In the view of the industry, the performance of the brokerage plate has a high correlation with market activity, and the recent brokerage ETF continues to obtain large applications, indicating that investors are more optimistic about the future market trading situation.
However, the share of brokerage ETF has declined in recent trading days. On November 30th, Cathay Pacific's ETF share fell by nearly 900m shares a day.