多只科技类ETF新增流动性服务商

Core Viewpoint - Multiple fund managers, including E Fund, Invesco Great Wall, and Yinhua Fund, have announced the addition of liquidity service providers for their technology-themed ETFs, indicating a trend towards enhancing market liquidity for these funds [1][2]. Group 1: Fund Management Actions - Over 20 technology-themed ETFs have added liquidity service providers since the second half of the year, with more than half being newly established products in 2023 [1]. - On November 5, E Fund announced the addition of CITIC Securities and CITIC Jinshi Securities as liquidity service providers for its Hang Seng Biotechnology ETF [1]. - Invesco Great Wall and Yinhua Fund also announced similar actions for their respective ETFs on the same day [1]. Group 2: Market Analysis - The high market attention on technology ETFs compared to broad-based or other industry-themed ETFs has led to increased demand for liquidity support, especially for smaller products with potential liquidity issues [1]. - The introduction of liquidity service providers is expected to enhance the liquidity level of ETFs, reduce trading costs for investors, and stabilize market prices during significant subscription or redemption events [2]. Group 3: Investor Impact - The presence of liquidity service providers is improving the trading experience for investors by narrowing bid-ask spreads and enhancing order depth, particularly during periods of market volatility [2]. - The fundamental liquidity of ETFs still relies on the growth of the product's scale and the liquidity of underlying assets, necessitating ongoing optimization of index selection and product management by fund managers [2].