Today (August 2nd), due to poor performance in the foreign market, cross-border ETFs collectively suffered heavy losses. As of the close, the Nasdaq Technology ETF, which had previously risen sharply, fell the most, with a massive drop of nearly 6.9%. At the same time, the Japan Eastern Stock Exchange ETF, Nikkei ETF, Asia Pacific Select ETF, and several Nasdaq related ETFs also experienced significant pullbacks, with daily declines of over 5%.
Note: Cross border ETFs experienced a collective decline today (as of the close on August 2)
Cross border funds have generally withdrawn, and some ETFs have shown discounts
Since the beginning of this year, cross-border ETFs have been frequently active. As of yesterday (August 1), excluding newly listed funds within the year, their average annual increase was nearly 3.4%. Among them, ETFs related to tracking the Nasdaq, S&P, and US 50 have risen even more rapidly, especially the Jingshun Great Wall Fund Nasdaq Technology ETF, which rose nearly 47% this year. The E Fund US 50 ETF, Huaxia Fund NASDAQ ETF, Huaxia Fund S&P ETF, and Boshi Fund S&P 500 ETF have also risen nearly 27%, 25%, 24%, and 23% respectively.
Note: Cross border ETFs with the highest increase within the year (fund size as of August 1, yield data as of August 2)
However, as cross-border ETFs collectively enter a correction today, the intra year gains of these funds have generally narrowed. Taking Jingshun Great Wall Fund's Nasdaq Technology ETF, which has the highest increase, as an example, its current annual growth rate has fallen back to 36.9%. It is worth noting that the discount rate data of this "bull base" also fell today, from 15.18% yesterday (August 1) to 10.96% today (August 2). However, based on the annual data, its current excess discount rate is still at a relatively high level.
Note: Jingshun Great Wall Fund Nasdaq Technology ETF Annual Yield/Discount Data (as of the close of August 2)
Except for the Nasdaq Technology ETF, the previously high premium state of other cross-border ETFs has also been alleviated, and some funds have even discounted. In terms of specific data, only 12 Nasdaq ETFs that track the Nasdaq 100 index are included, including Dacheng Fund Nasdaq 100 Index ETF, Fuguo Fund Nasdaq ETF, Huatai Bairui Fund Nasdaq 100 ETF, China Merchants Fund Nasdaq 100 ETF, and Boshi Fund Nasdaq 100 ETF. Only the previously premium "cross-border funds" have now been discounted, accounting for nearly 40% of the total.
Note: The 12 Nasdaq ETFs tracking the Nasdaq 100 Index currently have excess yield data (fund size as of August 1st)
The A-share market is gradually heating up, and the theme is catalyzing the activity of ETFs
Recently, compared to the collective cooling of the external market index, the popularity of the A-share market has reunited. The daily average transaction volume of the two markets has returned to 700 billion yuan after nearly a month, with a peak transaction volume of over 900 billion yuan recorded on July 31st. Boosted by a large influx of funds, many hot topics and trends have also driven individual stocks and ETFs to become the focus of the market. As of August 1st, ETFs related to dividends, leading home appliances, telecommunications, traditional Chinese medicine, science and technology innovation information technology, financial technology, and information technology innovation had the highest weekly share changes.
Note: Industry and thematic index ETFs with the highest increase in fund shares during the week (as of August 1st)
If we look at the scale index data as of August 1st, excluding funds below 100 million yuan, Guangfa Fund's CSI 300 ETF, Huabao Fund's CSI 100 ETF, and Huabao Fund's A50 ETF have attracted market attention, with their fund shares increasing by over 10% during the week. At the same time, Huatai Bairui Fund's CSI 2000 ETF, Wanjia Fund's CSI 2000 ETF, Southern Fund's CSI 1000 ETF, Fuguo Fund's 300 ETF, ICBC Credit Suisse Fund's SSE 50 ETF and other fund share growth scales are relatively high.
Note: ETFs with the highest increase in fund shares within the week (as of August 1st)
In addition, the four Shanghai and Shenzhen 300 ETFs with a scale of over 100 billion yuan that the market continues to pay attention to have continued to be favored by funds recently. In terms of specific data, the shares of the Shanghai and Shenzhen 300 ETF funds managed by Huatai Bairui Fund, E Fund Management, Jiashi Fund, and Huaxia Fund Management increased by nearly 2.6%, 2.2%, 1.8%, and 2.0% respectively during the week. It is worth noting that among the four weighted ETFs mentioned above, except for the CSI 300 ETF of Jiashi Fund, which has reached a new high since 2013, the fund shares of the other three ETFs continue to break historical highs.
Note: Share changes of Huatai Bairui CSI 300 ETF, the largest fund in terms of fund size (as of August 1st)
