Core Viewpoint - The stock ETF market has seen a continuous inflow of funds for eight consecutive trading days, exceeding 26 billion yuan, contributing to the Shanghai Composite Index's return to 3,400 points [2][4]. Fund Flow Analysis - On June 24, the total net inflow for all stock ETFs (including cross-border ETFs) was 5.03 billion yuan, marking the eighth consecutive day of inflows [4][6]. - The total scale of 1,119 stock ETFs reached 3.37 trillion yuan, with a cumulative net inflow of 26.69 billion yuan over the past eight days [4][6]. - The main targets for fund inflows were broad-based stock ETFs and bond ETFs, with significant inflows into the benchmark market credit bond ETF and the CSI 300 ETF [6][9]. ETF Performance - The leading ETFs by net inflow included the Southern CSI Company Bond ETF (17.12 billion yuan), the E Fund Company Bond ETF (5.16 billion yuan), and the Huatai-PB CSI 500 ETF (14.82 billion yuan) [10][11]. - The Huatai-PB CSI 300 ETF and the Huaxia CSI 50 ETF also saw substantial inflows, exceeding 10 billion yuan each [11]. Sector Insights - The recent 12-month dividend yield for the CSI 300 Index reached 3.14%, indicating a focus on high-dividend sectors as the dividend peak season approaches [12]. - The Guangfa Hong Kong Non-Bank Financial ETF saw a net inflow of 4.6 billion yuan, reflecting strong investor interest in this product [12]. Outflow Trends - Certain ETFs, including the short-term bond ETF and some stock ETFs like the CSI 500 ETF, experienced notable net outflows [13].
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中国基金报·2025-06-25 05:48