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Equity ETFs witnessed a significant net outflow of over RMB 20 billion last week, while money market ETFs and commodity ETFs attracted inflows exceeding RMB 10 billion each.
Last week, the entire ETF market saw a net inflow of 13.229 billion yuan.
Insurance funds have made significant purchases of these ETFs!
Insurance capital is flowing into the stock market at an unprecedented pace.
In June, more than 8.2 billion funds flowed into the FTSE China A50 ETF, with the total scale of the first 10 FTSE China A50 ETFs exceeding 30 billion.
On the first trading day of the second half of the year, funds once again switched to high-dividend sectors. Industrial and Commercial Bank of China, China Shenhua Energy, Agricultural Bank of China, China Yangtze Power, Jiangsu Expressway, China Mobile, China National Offshore Oil Corporation, and Shaanxi Coal Industry hit new historical highs during the session. The second half of the year will soon unfold. In terms of the performance of A shares, industry insiders believe that the mid-July intensive disclosure period of the semi-annual performance forecast is coming up, and a few bright spots may become a sustained focus of the market in the third quarter. Some growth sectors have clearly shown a turning point in performance and may become the focus of investors' allocations from the third quarter onwards. For dividend strategies, the market's short-term risk preference is decreasing.
The battle for the size of the China Securities A50 ETF continues! Ping An Fund continues to lead, Morgan Fund closely follows, and Da Cheng Fund watches closely!
What is the intention behind the continuous purchase of China Securities 50ETF?
Guotai CSI All Share Communication Equipment ETF and 5getf were among the top performers this week, while ChinaAMC Star50 ETF and 500ETF attracted more than 1 billion yuan in investment this week.
Apple's AI vision was highly sought after by Wall Street. On June 11, local time, Apple officially released its first generative AI model, Apple Intelligence. This move marks Apple's official entry into the AI era. Apple's stock price closed up 7.26% on June 11, the biggest one-day increase since November 2022, surpassing Nvidia in market capitalization. As of June 14, the top three US stock market capitalization rankings were Microsoft, Apple, and Nvidia, with market capitalization of $3.29 trillion, $3.26 trillion, and $3.24 trillion, respectively. Market capitalization ranking of US stock companies
Funds are entering the ETF market, and the ChinaAMC Shanghai A50 Exchange Traded Fund (ETF), 300etf, and FTSE China A50 ETF are favored by capital.
This week, the SSE Composite Index fell by 0.61% with four consecutive weekly declines. Since May 23, the market has been in a volatile adjustment phase. Approximately CNY 57.1 billion of ETF funds entered the market between May 23 and June 14. During the market adjustment, the net inflows for ChinaAMC Shanghai A50 ETF and Hwabao WP Listed Money Market Fund-A reached CNY 7 billion and CNY 5.1 billion respectively, between May 23 and June 14. Broad-based index ETFs remain popular among investors, with the most funded stock ETF being Huaxia SSE 50 ETF, with net inflows of up to CNY 6.1 billion between May 23 and June 14; Huatai Fund saw a net inflow of CNY 2.89 billion.