热度飙升！跨境ETF规模超5600亿，头部管理人赢家通吃

Group 1 - The total number of cross-border ETFs in the market reached 148, with a cumulative scale exceeding 560 billion yuan, marking a year-on-year growth of 33.07% [2] - In terms of product issuance, 10 new cross-border ETFs were established this year, with 9 investing in the Hong Kong stock market and 1 in the Singapore market, totaling an issuance of 5.189 billion yuan [2] - The best-performing ETFs this year are focused on Hong Kong pharmaceuticals, with all top 17 ETFs showing gains exceeding 40% [2][9] Group 2 - As of June 25, southbound funds have net bought 717.65 billion HKD worth of Hong Kong stocks this year, accounting for 88.83% of the projected annual net purchases for 2024 [3] - The cross-border ETF market is experiencing a surge due to the global economic environment and the initiation of the Federal Reserve's interest rate cuts, making cross-border ETFs a vital channel for capital market connectivity [5] Group 3 - The scale of Hong Kong cross-border ETFs reached 370.83 billion yuan, representing a year-on-year growth of 47.41%, with over 60% of the total cross-border ETF scale attributed to Hong Kong ETFs [6] - The majority of cross-border ETFs are concentrated in sectors such as technology, healthcare, and consumer goods, with 16 ETFs exceeding 10 billion yuan in scale, 11 of which are Hong Kong ETFs [6] Group 4 - The leading cross-border ETF managers have a significant market share, with the top four managing a combined scale of 286.56 billion yuan, accounting for 50.84% of the market [11] - The number of cross-border ETF managers has increased from 23 to 24, with only one new entrant, Yongying Fund, while the number of managers with over 10 billion yuan in scale has risen to 14 [11][12] Group 5 - The performance of cross-border ETFs focused on the U.S. market has been lackluster, with 17 out of 27 products showing returns of less than 5% this year [10] - In contrast, the Hong Kong ETFs have shown significant growth, with many products experiencing substantial increases in scale and performance [10][12]