[ad_1]
Kechuang 50ETF is listed on the 16th, or it may attract more funds
Author: Guo Luqing
The latest news from the Kechuang 50ETF.
On November 11, ICBC Credit Suisse’s four fund companies, China Asset Management, E Fund and Huatai Bai Rui simultaneously announced that their ETF that tracks the Science and Technology Innovation Board 50 index will be officially listed for trading on November 16.
This also means that investors do not need to open additional investment rights on the Sci-tech Innovation Board to participate in the Sci-Tech Innovation Board 50ETF trading just like buying and selling shares.
A China Business News reporter noted that although the index fluctuates to some extent, the volatility of the net worth of the Kechuang 50ETF was well controlled during the process of opening a position.
“During the opening period, due to the liquidity characteristics of the components of the Science and Technology 50 Index, a relatively stable position opening strategy was adopted based on the real situation of the portfolio.” A Science and Technology ETF fund manager revealed.
Brilliant results in the third quarter
On September 22, China’s four 50 sci-tech ETFs, ICBC Credit Suisse, Huatai Bai Rui, and E Fund were just launched for sale, and were bought by funds from various sources. There was even a fund that opened at 9:30 in the morning. According to the announcement by China Asset Management, the final subscription ratio of China Science and Technology 50ETF was only 11.048%. Based on this calculation, the subscription amount reached 45.2 billion yuan, setting a record for the highest subscription scale in the history of ETF launches.
With the official listing and trading of the ETF Science and Technology Innovation 50, as an inclusive financial product to invest in the Science and Technology Innovation Board, there is no need to open additional investment rights in the Science and Technology Innovation Board. Transactions are like stock trading and investors can participate in the investments of the science and technology board more conveniently.
Therefore, some insiders predict that after listing and trading, these four ETFs could once again usher in the search for funds.
“After the listing of the Kechuang ETF, buy, redemption and trading operations will be available. Therefore, for investors to invest smoothly, ICBC Credit Suisse has also made corresponding preparations in terms of investment operations and liquidity support, and all the work is now ready “” Zhao Xu, manager of the ICBC Credit Suisse ETF fund, told the CBN reporter.
Zhao Xu also said that the sci-tech innovation board is a short-lived industry and factors such as trading systems and industry attributes have determined that individual stocks fluctuate more than major board companies. For science and technology ETFs, a more detailed management plan will be formulated in the management process based on the characteristics of the members of the scientific and technological innovation committee, overall volatility, liquidity and other attributes.
Statistics show that last week, E Fund Technology 50 ETFs rose 2.41%, Huatai Bai Rui Technology 50 ETFs increased 2.34%, ICBC Credit Suisse Technology 50 ETFs rose 2.42%, and China Science and Technology 50 ETFs increased 2.4%.
Up to now, the net worth of these 4 science and technology ETFs is around 1 yuan, especially the China Science and Technology 50 ETF and the ICBC Credit Suisse Science and Technology ETF, the latest net worth is only 1,0033 yuan and 1,0068 yuan.
The three quarterly reports also show that compared to the main board, the SME board and the ChiNext, the growth attributes of the sci-tech innovation board are more important.
Looking further, the Sci-tech Innovation Board not only hit record highs in operating income and net profit growth, but also increased operating profit and net profit by 34% and 88% year-over-year. in the quarter, which were higher than those of the main board, small and medium-sized boards and ChiNext.
The value of the investment remains to be exploited
In investing in the Science and Technology Innovation Council, higher valuations and the pressure to lift the ban are two factors that worry investors.
Wind information statistics show that as of the close on November 10, the Science and Technology Innovation Board 50 index increased 44.2% this year and the current price-to-earnings ratio (TTM) is 78.76 times, or 64.44% of the historical quintile.
However, a public-fund investor in Beijing believes that for the science and technology board, short-term valuation is not the main contradiction. Growth, path and space in the medium and long term are the key points. Many tech companies have non-linear growth and are in. Due to the characteristics of the accelerated bull cycle channel, valuations can often digest high valuations quickly as profits explode. Evaluation is only one of the benchmarks and we need to take into account the growth and prosperity of the sector.
Statistics also show that from the perspective of the scientific and technological innovation council ban in the next year, November 2020, July and August 2021 are the three peaks of lifting the ban, with the lifting scale of 96 billion respectively. yuan, 244.4 billion yuan and 128.4 billion yuan. , The pressure to lift the ban in the remaining months is relatively low.
However, the agency believes there is no need to worry too much about lifting the ban.
“The reduction of the scientific and technological innovation board must be viewed objectively. On the one hand, more tradable shares will be generated to cooperate with incremental capital to enter the market; on the other hand, there are more institutional investors in the board of the “technological innovation. Market pressure. Judging by the first wave of large-scale reductions in July this year, the impact on the index is short-term and short-term.”Chinese securitiesAnalyst Zhang Yulong said.
Statistics show that in the third quarter of 2020, the scope of institutional investor holdings in the Science and Technology Innovation Council continued to grow, with a sharp increase of 50.8% from the second quarter to 37.213 billion yuan. From a sector allocation perspective, the Science and Technology Innovation Committee’s Public Fund Allocation Ratio increased to 1.66% in Q3, up significantly from 1.32% in Q2 . From the point of view of individual actions, high-quality garments have become sweet and delicious. According to the third quarterly report, a total of 115 science and technology innovation board firms appeared in the fund’s top ten stocks, including heavy stock holding.Kingsoft Office(688111.SH) has 145 funds with a total market value of 6.95 billion yuan, or 29.83% of the outstanding shares.
What needs to be noted is that although the pace of institutional rise in the sci-tech innovation committee is accelerating, the current institutional funds are still at a relatively low level of allocation for the sci-tech innovation committee. . The allocation scale of nearly 80% of the science and technology board shares in the public offering is less than 50 million yuan, and the investment value of a large number of science and technology board shares need to be explored .
According to Zhang Yulong, there are currently two factors that prevent institutions from implementing the Sci-Tech Innovation Board: Firstly, the Sci-Tech Innovation Board has just been launched for more than a year and the market game is fierce and the volatility is high. Institutions do not yet have in-depth research on the goals of the Sci-Tech Innovation Board. Second, the scale of the circulation board of the scientific innovation committee is relatively small and it is difficult for institutions to deploy centrally.
“In the future, as the number of sci-tech innovation council shares increases and the expansion of research coverage of individual stocks, high-quality sci-tech innovation council targets will be discovered and there will be more room for an institutional increase “.
Massive information, accurate interpretation, all in Sina Finance APP
Responsible director: Yang Yalong
.
[ad_2]
Source link
