Core Viewpoint - The A-share market experienced a significant correction last week, with major indices declining, particularly the CSI 300 index, which fell by 2.22%, marking the largest weekly drop since April 18 of this year. Despite this, the stock ETF market showed a contrary trend, with substantial inflows of capital, indicating a preference for buying during market dips [1][2]. Fund Flows - During the period from October 13 to October 17, stock ETFs (including cross-border ETFs) saw a net inflow of 491.73 billion yuan, with all trading days except October 16 showing net inflows [4]. - On October 17, commodity and Hong Kong stock ETFs led the inflows, with net inflows of 55.71 billion yuan and 47.91 billion yuan, respectively [4]. - ETFs tracking the SGE Gold 9999 index had the highest single-day net inflow of 49.26 billion yuan, while those tracking the CSI A500 index saw a net outflow of 21.24 billion yuan [4]. - Over the last five trading days, ETFs tracking the SGE Gold 9999 index attracted over 18.3 billion yuan, and those tracking the Hang Seng Technology index saw inflows exceeding 11.6 billion yuan [4]. Popular ETFs - Major fund companies reported continued net inflows for several ETFs, with E Fund's ETF reaching a scale of 794.72 billion yuan, an increase of 194.07 billion yuan since 2025 [4]. - Specific ETFs such as the Gold ETF, Hang Seng Technology ETF, and Hong Kong Securities ETF saw net inflows of 9.5 billion yuan, 4.1 billion yuan, and 3.4 billion yuan, respectively [4]. - The Huaxia Fund's Sci-Tech 50 ETF and Hang Seng Technology Index ETF had notable single-day net inflows of 10.76 billion yuan and 7.61 billion yuan, respectively [5]. Market Preferences - The recent market style shift has favored safe-haven assets, particularly Gold ETFs and Bank ETFs, which have seen significant inflows [6][8]. - The Huaxia Fund indicated that while gold may be overbought in the short term, its long-term outlook remains positive due to factors such as interest rate cuts and geopolitical conflicts [8]. - The Bank ETF also attracted over 5 billion yuan in net inflows, reflecting investor confidence in the banking sector's stability and performance [8]. Outflows - The ETFs that experienced the largest net outflows included those tracking the ChiNext index, CSI 300 index, and CSI A500 index, indicating a shift in investor sentiment away from these sectors [9].
加仓,股票ETF过去一周吸金超490亿元
Zhong Guo Ji Jin Bao·2025-10-20 07:22