资金换仓！9只ETF承接百亿成交，宽基成“避风港”

Core Viewpoint - The article discusses the significant trading activity in broad-based ETFs on January 16, highlighting a record trading volume amidst market adjustments, indicating a shift in investor strategies and preferences [1][3][4]. Trading Activity - On January 16, multiple indices opened higher, but broad-based ETFs, including the CSI 300 ETF and A500 ETF series, experienced substantial trading volume and volatility, with total market turnover reaching 3.03 trillion yuan, an increase of 120.8 billion yuan from the previous trading day [1][3]. - Nine ETFs recorded trading volumes exceeding 10 billion yuan, with the top two being the Huatai-PineBridge CSI 300 ETF and the Huaxia CSI 300 ETF, achieving trading volumes of 25.923 billion yuan and 22.705 billion yuan, respectively [4]. - The turnover rate for the Huaxia A500 ETF reached 30.64%, indicating high trading activity, while other ETFs also showed significant turnover rates above 20% [4]. Investor Behavior - Fund managers interpret the increased trading volume in core broad-based ETFs as a response to recent regulatory changes, suggesting that investors are adjusting their positions to manage risks and capitalize on market opportunities [5]. - The risk appetite for A-share heavyweight stocks has seen limited elevation, with the CSI 500 index's risk preference rising rapidly, nearing a two-standard deviation position since the beginning of the year [5]. ETF Characteristics - Despite slight declines in some indices, sectors like the semiconductor industry showed strength, leading to gains in several technology-themed ETFs, such as the Penghua Sci-Tech 100 ETF, which saw a trading volume of approximately 700 million yuan and a rise of 3.29% [6]. - Broad-based ETFs are increasingly recognized for their liquidity and utility in market participation, serving as important tools for investors to manage positions and mitigate short-term volatility risks [7]. - The growing trading volume of broad-based ETFs reflects a broader acceptance of index investing, with these instruments being utilized not only for long-term allocations but also for tactical market positioning [7].