You panic while I am greedy! The Shanghai Composite Index has fallen for four consecutive weeks, with major institutions flocking to these sectors, and related ETFs reaching new highs.

（Source: ETF Indicator）

This week, stock indexes declined across the board. The total net outflow from equity ETFs and cross-border ETFs listed in Shanghai and Shenzhen was RMB 14.937 billion.

In terms of sector themes, ETFs related to energy storage batteries and power were favored by capital, while ETFs related to nonferrous metals and chemicals were sold off.

The CSI 300 index has fallen for four consecutive weeks.

This week, the total trading value of the Shanghai and Shenzhen markets was RMB 10.49 trillion, including RMB 4.63 trillion in the Shanghai market and RMB 5.86 trillion in the Shenzhen market. As of the latest close, the CSI 100 Index (沪指) ended at 3913.72 points, down 1.1% for the week. The Shenzhen Component Index (深证成指) ended at 13760.37 points, down 0.76% for the week.

It is worth noting that the CSI 100 Index (沪指) has been in a correction for four consecutive weeks.

Wind data shows that this week, the combined net outflow from equity ETFs and cross-border ETFs listed in Shanghai and Shenzhen was RMB 14.937 billion. Broad-based index ETFs had a net outflow of RMB 1.164 billion, while sector theme ETFs had a net outflow of RMB 15.6 billion.

In more detail, according to overall net subscription/redemption statistics for major broad-based index products, this week ETFs related to the CSI 300 recorded a combined net inflow of RMB 3.861 billion, while ETFs related to the CSI A500 recorded a combined net outflow of RMB 1.942 billion.

As for specific ETFs, among the 10 larger broad-based index ETFs, the total net inflow this week was RMB 3.193 billion. Of these, the Huatai-PineBridge CSI 300 ETF recorded a net inflow of over RMB 1 billion, while the Huaxia SSE 50 ETF recorded a net outflow of over RMB 1.2 billion.

Performance of ETFs tracking major indices this week

A brokerage firm noted that currently the main risk lies in external geopolitical conflicts. If signals of easing emerge again later, the market’s upward momentum will still remain strong. Overall macro fundamentals data have been relatively strong, and the A-share market still has resilience. At this stage, optimism should be maintained.

ETFs related to energy storage batteries and power are attracting demand

Within sector theme ETFs, there are 32 funds with net inflows exceeding RMB 100 million this week. Among them, the Energy Storage Battery ETF (E Fund), the Power ETF (GF Fund), and the Coal ETF (Cathay) saw their shares increase by 470 million, 742 million, and 651 million respectively, with net inflows of RMB 1.066 billion, RMB 0.867 billion, and RMB 0.831 billion.

In terms of capital outflows, this week 65 sector theme ETFs had net outflows exceeding RMB 100 million. Among them, the Nonferrous Metals ETF (Southern Fund) and the Nonferrous Metals ETF (China Asset Management) and the Chemicals ETF (Fochun Fund) saw their shares decrease by 902 million, 642 million, and 1.053 billion respectively, resulting in net outflows of RMB 1.679 billion, RMB 1.163 billion, and RMB 0.963 billion respectively.

It is worth noting that energy storage battery and power ETFs have continued to attract capital in recent days, and their ETF share holdings have quietly hit new highs since listing.

Changes in shares of the Energy Storage Battery ETF (E Fund) (159566)

A brokerage firm noted that against the backdrop of high oil prices, the economic advantages of new energy have become more prominent, and demand is accelerating in terms of volume. Driven by a mid- to long-term energy security strategy, the clean energy transition and upgrading are expected to continue, and the industry is likely to see a “Davis double click” as well as continued high optimism in energy storage and wind power.

Changes in shares of the Power ETF (GF Fund) (159611)

Some analysts believe that, from token going overseas to compute-power coordination, and then to oil prices staying at a high level, electricity demand is being opened up across the board. The power industry itself has natural barriers stemming from heavy-asset characteristics and a low obsolescence rate (HALO); with stable cash flows and deep operational barriers, it is expected to become a source of certainty in the AI era that is difficult to disrupt.

25 ETFs have weekly trading value exceeding RMB 10 billion

This week, there are 25 ETFs with weekly trading value exceeding RMB 10 billion, including equity ETFs and cross-border ETFs. Of these, the S&P Oil & Gas ETF (Jim?—嘉实) had weekly trading value exceeding RMB 40 billion.

It is worth noting that two S&P Oil & Gas-related ETFs set new historical highs in price again this week.

A brokerage firm noted that if the U.S. and the U.S. strike Iran, it will bring more uncertainty to energy supply and transportation. It is expected that due to geopolitical impact, the short-term upward trend in oil prices is relatively certain.

5 ETFs are scheduled to be issued next week

Investors have long been focused on the top holdings of funds, but the top holdings of active management funds often surface with a certain lag, whereas the underlying assets selected for ETF allocation are very clear. By tracking newly listed ETFs, it is usually possible to identify recent hot stocks, and the incremental capital brought by newly listed ETFs is also worth paying attention to.

At present, five ETFs have disclosed that they will be listed next week, tracking underlying assets such as new-energy in the ChiNext, the HKEX Internet theme under the Stock Connect program (Hong Kong Stock Connect), livestock and breeding, and chip design under the STAR Market.

At present, five ETFs have disclosed that they will be issued next week, tracking underlying assets such as oil and natural gas, dual-innovation and artificial intelligence, industrial internet, and securities.

Investing involves risk; independent judgment is important

This article is for reference only and does not constitute any basis for buying or selling. You bear the risk of entering the market.

Edited by: Ye Feng, 每经

Cover image source: iQIYI?—VCG41N1809103617

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