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中央汇金上半年增持了什么
Changjiang Securities· 2025-09-02 13:45
Group 1: Central Huijin's ETF Holdings - As of mid-2025, Central Huijin's total ETF holdings reached 1.28 trillion yuan, marking a historical high and accounting for approximately 30% of the total ETF market size[2] - Compared to the end of 2024, this represents a quarter-on-quarter increase of about 22%, and a year-on-year increase of approximately 121% from 584.2 billion yuan as of June 30, 2024[5] - The largest holding is the CSI 300 ETF, with a scale of 828.6 billion yuan, up about 20% from 690.5 billion yuan at the end of 2024, constituting 64.25% of Central Huijin's total ETF holdings[9] Group 2: Investment Direction and Strategy - Central Huijin's investment strategy remains stable, with significant increases in broad-based ETFs, particularly through asset management plans[6] - The CSI 1000 ETF (small and mid-cap growth) saw a holding scale of approximately 129.5 billion yuan, reflecting a year-on-year growth of about 43%[18] - The Sci-Tech 50 ETF (technology innovation) increased to 22.2 billion yuan, a growth of about 19% compared to the end of 2024[18] Group 3: Asset Management Plans - Central Huijin's asset management plans have increased holdings in industry-themed ETFs, including pharmaceuticals, alcohol, and non-ferrous metals[21] - The E Fund and Huaxia Fund asset management plans have added shares in medical devices, military, semiconductors, and gold ETFs during the first half of 2025[21] - The total estimated expenditure for increasing 12 ETF products by Central Huijin's asset management company exceeded 210 billion yuan[13]