私募现身年内上市190只ETF前十大持有人 私募大买ETF有争议？

Core Insights - Private equity firms are becoming significant holders of ETFs, with 154 firms entering the top ten holders of 190 newly listed ETFs this year, holding a total of 2.929 billion shares [1][2][11] Group 1: Private Equity Participation - Subjective private equity firms are the main subscribers of ETFs, with 76 firms holding 1.122 billion shares, accounting for 38.31% of the total [2][3] - Quantitative private equity firms follow, with 41 firms holding 0.950 billion shares, representing 32.43% of the total [2][3] - Mixed subjective and quantitative private equity firms are less common, with 37 firms holding 0.857 billion shares, making up 29.26% of the total [2][3] Group 2: Size of Private Equity Firms - Small and medium-sized private equity firms show a stronger preference for ETFs, with 79 small firms holding 1.155 billion shares (39.43%) and 49 medium firms holding 1.154 billion shares (39.40%) [3][4] - In contrast, large private equity firms (26 firms) hold only 0.620 billion shares, accounting for 21.17% of the total [3][4] Group 3: ETF Characteristics and Appeal - ETFs are valued for risk diversification, operational efficiency, cost advantages, strategy flexibility, and liquidity management, making them attractive to private equity firms [5][6] - The total number of ETFs issued this year reached 322, with a total issuance of 244.644 billion shares, marking a year-on-year increase of 79.89% in quantity and 91.83% in volume [6] Group 4: Focus on Sci-Tech Board ETFs - Private equity firms are particularly interested in Sci-Tech Board ETFs, with 48 firms entering the top ten holders of these ETFs, holding a total of 0.820 billion shares [1][6] - Among the ETFs with significant holdings by private equity, those related to the Sci-Tech Board constitute a notable portion, with 4 out of 12 ETFs holding at least 50 million shares [6] Group 5: Controversies Surrounding ETF Investments - There are debates regarding the implications of private equity firms heavily investing in ETFs, with some questioning whether this reflects a lack of research capability [10] - Some private equity firms engage in arbitrage strategies, participating in ETF launches while hedging risks through related index futures [10]