You panic while I am greedy! The Shanghai Composite Index has fallen for four consecutive weeks, with major institutions flocking to these sectors. Related ETFs reach new highs in share volume.

This week, the stock indexes all saw a broad pullback. In total, Chinese onshore stock-type ETFs and cross-border ETFs listed in the mainland registered net outflows of RMB 14.937 billion.

By industry and theme, ETFs related to energy storage batteries, power, and so on were favored by capital, while ETFs related to non-ferrous metals and chemicals were sold off.

The Shanghai Composite Index falls for 4 straight weeks

This week, the combined trading value of the Shanghai and Shenzhen markets reached RMB 10.49 trillion, including RMB 4.63 trillion on the Shanghai exchange and RMB 5.86 trillion on the Shenzhen exchange. As of the latest close, the Shanghai Composite Index ended at 3,913.72 points, down 1.1% for the week; the Shenzhen Component Index closed at 13,760.37 points, down 0.76% for the week.

It is worth noting that the Shanghai Composite Index has been undergoing adjustments for four consecutive weeks.

According to Wind data, this week the combined net outflows of stock-type ETFs and cross-border ETFs on the Shanghai and Shenzhen exchanges totaled RMB 14.937 billion; broad-based index ETFs registered net outflows of RMB 1.164 billion; and industry/theme ETFs saw net outflows of RMB 15.6 billion.

Looking into the details, based on the overall subscription/redemption statistics for major broad-based index categories, this week the ETFs related to the CSI 300 registered total net inflows of RMB 3.861 billion, while the ETFs related to the CSI A500 registered total net outflows of RMB 1.942 billion.

For specific ETFs, among the 10 larger broad-based index ETFs, the total net inflows this week were RMB 3.193 billion. Of these, the Huatai-PineBridge CSI 300 ETF saw net inflows of more than RMB 1 billion, and the Huaxia SSE 50 ETF saw net outflows of more than RMB 1.2 billion.

Performance of ETFs tracking major indices this week

A securities firm said that currently the main risks are external geopolitical conflicts. If signs of easing emerge again later on, the upward momentum in the market will still remain strong. Overall, macroeconomic fundamentals data have been relatively strong; the A-share market still has resilience, and at this stage investors still need to maintain an optimistic attitude.

Energy storage battery, power, and other ETFs draw investor attention

Within industry/theme ETFs, there were 32 funds with net inflows exceeding RMB 100 million this week. Among them, the Energy Storage Battery ETF of E Fund, the Power ETF of GF, and the Coal ETF of Cathay respectively increased their units by 470 million, 742 million, and 651 million份, resulting in net inflows of RMB 1.066 billion, RMB 0.867 billion, and RMB 0.831 billion.

On the fund outflow side, this week 65 industry/theme ETFs recorded net outflows of more than RMB 100 million. Among them, the Non-ferrous Metals ETF of Southern, the Non-ferrous Metals ETF of Huaxia, and the Chemicals ETF of Fullgoal saw their份额 decrease by 902 million, 642 million, and 1,053 million份, respectively, with net outflows of RMB 1.679 billion, RMB 1.163 billion, and RMB 0.963 billion.

It is worth noting that energy storage battery and power ETFs have continued to attract capital in recent periods, and the units of related ETFs have quietly hit new highs since listing.

E Fund Energy Storage Battery ETF (159566) unit changes

A securities firm said that against the backdrop of high oil prices, the economic advantages of new energy are becoming more prominent, and demand is accelerating in its expansion. In the medium to long term, the clean energy transition and upgrading driven by energy security strategies is expected to lead the industry to see a “Davis double-hit,” with high-visibility for energy storage and wind power continuing.

GF Power ETF (159611) unit changes

Some analysts believe that from “Token going overseas” to compute power collaboration, and then to oil prices staying at high levels, electricity demand is being fully unlocked. The power sector itself has natural barriers characterized by heavy assets and a low scrappage rate (HALO). With stable cash flows and deep operating barriers, it is expected to become a certainty asset in the AI era that is difficult to disrupt.

25 ETFs saw weekly turnover exceeding RMB 10 billion

This week, there were 25 ETFs with weekly turnover exceeding RMB 10 billion, including stock-type ETFs and cross-border ETFs. Among them, the SPDR S&P Oil & Gas ETF (嘉实) saw weekly turnover exceeding RMB 40 billion.

It is worth noting that two SPDR S&P Oil & Gas-related ETFs once again reached record highs in their prices this week.

A securities firm said that the U.S. and the U.S. allegedly attacked Iran, which will bring more uncertainty to energy supply and transportation. It is expected that under geopolitical impact, the short-term upward trend in oil prices is relatively certain.

5 ETFs to be issued next week

Fund heavy-holding stocks have long been a hotspot of interest for investors, but the heavy-holding stocks of actively managed funds that surface typically have some lag. However, the underlying assets selected by ETFs are very clear; by tracking newly listed ETFs, investors can usually identify hot stocks in the near term, and the incremental capital brought by newly listed ETFs is also worth attention.

Currently, 5 ETFs have disclosed that they will be listed next week, tracking underlying assets such as new-energy in the ChiNext board, internet services in the Hong Kong stock connect, livestock and breeding, and chip design on the STAR Market.

Currently, 5 ETFs have disclosed that they will be issued next week, tracking underlying assets such as oil and natural gas, dual-innovation and AI, industrial internet, securities, and so on.

(Source: Securities Times—Daily Economic News)

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