Fund grabbing layout ETF: South, Yi Fangda strong Hengqiang rich country made explosive models
Original title: Public fundraising for the south of the ETF, E Fund’s strongest Hengqiang rich country China Securities military leading ETF “explosive money” Chinatime (Chinatime).
(cn) Reporter Di Lingyue reported in Shenzhen that Hengqiang, the strong.
Recently, the A-share market is generally improving, and the issuance of new products by various fund companies is accelerating at the same time. ETFs have become the most popular products, especially the industry-themed ETFs in subdivided fields.
According to statistics, as of September 11, a total of 108 new ETFs from 30 fund companies have been issued since 2019, which has exceeded the total number of gradually in 2018.Among them, the rich country CSI military leader ETF has become the largest “explosion fund”The establishment scale reaches 72.
In the stock market, the size of China Southern Securities 500 ETF and E Fund GEM ETF continued to increase.
However, through the hot issue of ETF products, some fund companies can only cast their envious eyes.
“The ETF’s management fee rate is low, but the ETF’s system is expensive, with millions of units, plus daily management, which is also very difficult for our small company.
“An insider of a fund company interviewed by a reporter from China Times said.
The unprecedented number of ETFs issued has exceeded the total in 2018. ETFs have become one of the most popular fund products.
According to Choice, as of September 11, a total of 109 ETFs have been issued by 30 fund companies since 2019.
8.6 billion copies, although the number has exceeded the total in 2018, but the starting size is 1095 in 2018.
7.1 billion copies still narrow the gap.
Among them, China Fund, E Fund’s layout in the ETF is the most active. As of September 11, a number of companies have issued 13 ETFs in 2019, ranking first in number, Huitianfu ranked third with 9 ETFs, and Cathay PacificThe ETFs issued by the fund, Wells Fargo Fund, ICBC Credit Suisse, and GF Fund are all above 5.
From the perspective of a single fund, three ETFs with an initial fundraising size of more than US $ 5 billion appeared in the ETFs established in 2019, including the rich country CSI leading military ETF, the ICBC Credit Suisse CSI 300 ETF and the Tim Fu Securities CSIETF.
Wells Fargo CSI Leading ETF was established on July 23, 2019, with a scale of 72.
US $ 0.2 billion, currently the largest stock-based ETF established during the year.
It is understood that the fund selects alternative companies from the military business and military-civilian integration business, reflecting the overall performance 深圳spa会所 of the military theme in A shares.
The announcement showed that as of August 19, 2019, the fund’s institutional investors held 52.
6.2 billion copies, accounting for 73 of the volume.
06%, held by individual investors 19.
400 million yuan, accounting for 26.
94%, in addition to the new ETF’s strong ability to absorb gold, the size of its existing products continues to rise, and the strongest is Hengqiang.
Multiplying the latest fund shares on September 11, 2019 by the unit’s net asset value on the day, Nanfang, E Fund, and Cathay Funds have increased their stock ETFs by more than 10 billion since 2019.
Among them, the South Fund to 176.
5.2 billion yuan ranked first, the main force of its scale growth is its affiliated CSI 500 ETF, the latest size of the product reached 479.
3.5 billion yuan.
E Fund and Cathay Capital also increased their stock ETFs by 121 this year.
6.8 billion and 104.
At $ 3.8 billion, several companies’ own wide-base ETFs continue to exert their strength.
It is worth mentioning that as of September 11th, the scale of the GEM ETF, the largest GEM ETF in the market, has reached 220.
6.3 billion yuan.
It is understood that the underlying index tracked by the fund is the ChiNext Index, which is composed of 100 stocks with a large market capitalization, good liquidity and variable in the Shenzhen ChiNext, which comprehensively reflects the overall status of the most influential leading companies in the ChiNext, Which reflects the characteristics of high performance growth and the concentration of the new industry’s GEM.
The public fundraising industry theme ETF ETF suddenly turned into “Xiangxiang”, what exactly is it?
ETF itself is an open-end fund, and at the same time has the function of trading like stocks in the secondary market.
Because the investment target of an ETF is generally an index, most ETFs are index funds.
Index funds are recognized and used by more and more investors because of their advantages such as low ownership rates, openness and transparency, diversified risks, and keeping up with index trends. Compared to ordinary index funds, ETFs are more competitive in these areas.
From the perspective of fees, the current management fee range of index funds is 1% -0.
6%, average 0.
95%, while the maximum management fee rate for ETFs is zero.
15%, average 0.
From the perspective of openness and transparency, the ETF will disclose the list of purchases and redemptions daily, the frequency of information disclosure is higher, and the content is richer and more perfect; ordinary index funds need to retain at least 5% of cash, and ETFs are exempt.Therefore, ETF can closely track the trend of the index with higher positions, and the tracking error and deviation are smaller.
In addition, a person from a large fund company that is preparing ETF application materials recently told the China Times reporter that the domestic capital market is aligning with mature foreign markets.
In the United States, ETFs have developed rapidly, with nearly a thousand products.
Huang Ruiqing, general manager of the Boshi Fund Index and Quantitative Investment Department, told a reporter from China Times that from the perspective of investors, the understanding of ETFs can be changed from a fund to a type of asset. The logic of certain asset investments is clear and highly liquid.
ETFs have obvious advantages, but for fund companies, they are only “games” that big companies can afford.
According to Choice, as of September 11, 2019, there were a total of 141 public funds in the market, and only 33 were affiliated with ETF products, accounting for less than 30% of the total.
”The ETF’s management fee rate is low, but the ETF’s system is expensive, with millions of units, plus daily management, which is also very difficult for our small company.
“An insider of a fund company interviewed by a reporter from China Times said.
Even a large public fund person teased that I don’t know if ETF will make our company profit, but the company that sells the system must be very profitable, and the ETF system used by domestic fund companies comes from the same company.
In fact, ETFs also have a pre-emptive nature.
Because of the high homogeneity, the products that were first issued generally took the lead in occupying most of the world’s market share. The South China Southern Securities 500ETF, Huaxia Shanghai 50ETF, E Fund GEM ETF, and Huaxia Shanghai and Shenzhen 300ETF are the strongest in the industryGold sucker.
Therefore, the theme ETFs of various industries have become the current direction of public funds, such as MSCI China ETF, Guangdong-Hong Kong-Macao Greater Bay Area ETF, Hong Kong Stock Connect 100 ETF, state-owned enterprise ETF and so on.
In a market full of competition, Huang Ruiqing believes that if there is a competitive game or leading and lagging behind, it is better to realize that the overall cake of the ETF is relatively small, full coverage of products, diversity and specialization are in the initial stage. The ecology of the ETFThe circle needs everyone to build together.
In essence, everyone is still planning and developing wasteland, and actively develop ETF participants, from domestic to overseas, from financial enterprises to physical enterprises, from institutions to individuals, from short-term traders to long-term allocators.
Editor: Liu Chunyan Editor: Chen Feng