南向资金持续买入 跨境ETF再度逼近万亿元关口

Core Insights - The cross-border ETF market has shown significant growth, with total assets nearing 10 trillion yuan, reflecting a compound annual growth rate of over 70% compared to three years ago [2][3][6] - Hong Kong ETFs dominate the cross-border ETF landscape, accounting for over 70% of the total market size, which has increased more than fivefold in three years [4][5][6] Market Growth - As of February 6, the total size of cross-border ETFs reached 983.8 billion yuan, with 212 products available, compared to 203.2 billion yuan and 106 products three years ago [2][3] - The market experienced fluctuations, initially surpassing 1 trillion yuan in January 2026 before declining due to market volatility [2] Product Performance - There has been a notable increase in large cross-border ETFs, with 25 products exceeding 10 billion yuan in size, up from 6 three years ago [3] - The top-performing ETFs include the Fortune Fund's Hong Kong Internet ETF, which saw a return of 19.87% over the past year, and the Huaxia Fund's Hang Seng Technology Index ETF, with a return of 10.5% [3][4] Market Composition - Hong Kong ETFs are the most significant segment, with over 7 trillion yuan in assets, while U.S. ETFs linked to indices like the Nasdaq 100 and S&P 500 also show substantial growth [4][5] - Emerging markets are represented as well, with ETFs tracking indices in Saudi Arabia and Brazil gaining traction [5] Institutional Outlook - Analysts are optimistic about the long-term potential of cross-border ETFs, driven by factors such as U.S. interest rate cuts and the recovery of the Chinese economy [6][7] - The cross-border ETF market is seen as a bridge for domestic investors to access global markets, allowing for diversified investment opportunities [6][7]