Summary[Settore: Kechuang 50ETF non è alle stelle il primo giorno è una buona cosa]One minute after the listing, Kechuang 50ETF turnover broke 200 million yuan. At the close, the total turnover of 4 Science and Technology 50 ETFs was 4.555 billion yuan. However, judging by the general trend, there was not a skyrocketing market on the first day of listing, but a trend towards higher and higher prices. The 4 ETFs increased by an average of 0.97%. Among them, the biggest increase was the 50ETF of the China Council for Scientific and Technological Innovation of the Shanghai Stock Exchange, which increased by 1.81%. (China Business News)
Kechuang 50ETFIt ushered in a pivotal day.
On November 16th, 4 Science and Technology 50 ETFs that track the Science and Technology 50 Index were officially listed for trading, sparking a frenzied search for funds.
Within a minute of listing, Kechuang 50ETF’s turnover exceeded 200 million yuan. At the close, the total turnover of 4 Science and Technology 50 ETFs was 4.555 billion yuan. However, judging by the general trend, there was not a skyrocketing market on the first day of listing, but a trend towards higher and higher prices. The 4 ETFs increased by 0.97% on average. these, the largest increase is the Shanghai Stock Exchange in ChinaCommittee for scientific and technological innovation50ETF, up 1.81%.
“From 4ProductRegarding the issuance, investors are very enthusiastic about the subscription to the ETF of the scientific and technological innovation committee and have finally adopted a prorated allocation method Many investors have not fully confirmed their subscription shares. After a large number of investor training activities and roadshows prior to the issue, many investors have realized the importance of investing in technological innovation. The Sci-tech Innovation Board ETF also lowered the threshold for investor participation in the Sci-Tech Innovation Board. Therefore, we believe it will attract Some investors have bought. “On the eve of the listing, Huatai Bai Rui Technology Innovation Board ETFbottomManager Liu Jun told China Business News.
On the first day of listing, November 16, the Kechuang 50 index attracted capital after the market opened, opening sharply by 5.8%. But then it opened higher and then lower, up 0.7% until the close, with revenues of 26.216 billion yuan.
At the close of the market, the turnover of the 50 ETF on the Shanghai Stock Exchange Sci-Tech Innovation Board was 2.119 billion yuan, the turnover of the ETF 50 ETF Board 50 was 1.006 billion yuan, the turnover of the Huatai Bai Rui ETF Sci-tech Innovation Board was 911 million yuan and the turnover of the ICBC Credit Suisse Tech Innovation ETF was 519 million yuan yuan.
From the perspective of growth and decline, the 50ETF of the China Scientific and Technological Innovation Council of the Shanghai Stock Exchange increased by 1.81% and the other three 50ETFs for scientific and technological innovation increased by 0. , 69%.
“Science and innovation ETFs can grab market attention and attract more capital for participation. The main reason is that investments in the science and technology innovation committee have been limited by factors such as thresholds. There is a lack of products that can effectively participate in the investments of the scientific and technological innovation committee. Attracting more funds for participation is also expected to become an important and far-reaching product, “said an ETF fund manager.
CBN also noted that the Science and Technology 50 Index showed extremely high profitability.Although the constituent stocks of the Science and Technology 50 Index account for less than 26% of the number of individual shares of the Science and Technology Innovation Committee, they contribute 52%Net profit。
Data show that science and technology innovation Board in the third quarterOperating incomeA year-on-year increase of 33.65% and net profit attributable to the parent company increased 89% year-on-year, which was faster than the main board, the small and medium-sized board, and ChiNext. At the same time, the stocks that make up the Science and Technology 50 Index represented 25.5% of the number of stocks on the science and technology board. The contribution rate of net profit to the Sci-tech Innovation Board exceeded 40%.
From a holder’s facility perspective, the first batch of 4 Science and Technology 50 ETFs is primarily held by individuals. Individual investors of Huatai Bairui Science and Technology Innovation Board 50ETF accounted for 87.99% of the fund’s shares, which is the smallest percentage of individual investors among the 4 products; Individual investors of Huaxia SSE Science and Technology Innovation Board 50ETF accounted for 94.99%. There are nearly 700,000 families.
In stark contrast to the four 50 sci-tech ETFs that went public, the Debon Science and Technology Theme Fund failed to raise and was blocked by the Science and Technology Board capital party.
11 NovemberDebon FundReleased “About Debon Technological innovation for 3 years of closed operation and flexible configurationHybridEquity investmentFund Fundto contractIt cannot take effectadHe said that at the end of the November 3 fundraising period, the fund was unable to meet the fund deposit conditions under the contract.
According to the contract, the conditions for successful fund deposit are as follows: within 3 months from the date the fund shares were issued, the total amount of fund shares raised should not be less than 200 million, the amount of the fund raised should not be less than 200 million yuan and the number of fund subscriptions should not be less than 200 people.
According to the data, the fund’s assets were invested in the Science and Technology Innovation Board, which was approved in early February this year. On July 30, the announcement stated that the fundraising period was from August 4 to November 3, but ultimately the fundraiser was not successful.
A person familiar with the matter revealed to China Business News that this fund is a product that Debon declared last year and is aimed at institutional clients. The risk level of the investment is lowered and the use is limited. After careful consideration and consideration, the company did not publicly promote the sale.
The fund prospectus revealed that the fund is on the company’s direct sales platform andBrokerage, ThirdFund salesAt the same time, 67 institutions started selling at the same time and in early August, although cooperation with the Beijing Jiahe agency sales channel had ended, it was added in late August.Communications bank、Minsheng BankThe agency’s two sales channels and participated in Huaxin Securities rate discount activities, but still no effect.
A public lender told reporters that the three-year periodClosed bottomVery particular about the user experience, if the product is missingPerformanceSupport and follow-up channels are difficult to push, because the block time is too long and investor confidence is insufficient.
This year, newIssuance of fundsThe market is hot, secondData of choiceIt shows that as of November 16, the scope of public offerings exceeded 2.57 trillion yuan.At the same time, according to statistics, a total of 18 funds were not issued, of which 10Bond fund,to includeInvescoGreat Wall Jingtai Jinli Pure debtBond, Minsheng Jiayin Huizhong 18 months fixed opening, Baoying Yingrui pure bond bond, Founder Fubon Zunli half year fixed opening, etc. And Zhongrongxin Youchuang Hybrid, Guorong Rongxin Hybrid, Jiutai Jiuhong Flexible Equity products such as configuration mix did not meet storage requirements.
Highest valuation and average price-to-earnings ratio of 93.47 times
Although the Science and Technology 50ETF is highly sought after by investors, the valuation of individual stocks by the Science and Technology Board is generally at a relatively high level.
At the close on November 16, there were 195 companies listed on the Science and Technology Innovation Board, with an average price / earnings ratio of 93.47 times and a relatively high valuation.
In this regard, some analysts have stated that in evaluating the evaluation of the scientific and technological innovation committee, the market is often accustomed to applying the evaluation methods of mature companies in traditional industry, i.e. using indicators such as the price / earnings and the price / book ratio. Listed companies are hardly applicable.
“A scientific and technological innovationenterpriseAlthough at the momentLostStatus, even low-income, but as long as it insists on investing in research and development, once in the future it achieves global leadership results in some cutting-edge technology or realizes domestic production in some key technologies, it will face a gap very broad market and performance Explosive growth. “Liu Jun told China Business News.
So far, 31 companies listed on the Science and Technology Innovation Board have announced their performance predictions for 2020. The performance forecast shows that there are 13 companies with expected performance losses, 7 companies with expected performance increases, 5 companies with performance alerts, 4 companies with expected performance drops and 1 company with performance turned into losses. Taking a closer look, the proportion of companies in the Annunciation is 22.58% and the percentage of companies that lose is 41.9%, a certain gap from the 39.2% of the main board.
It is worth mentioning that the Science and Technology Innovation Board’s listing rules are relatively close to those of overseas developed markets. Indeed, it provides an excellent platform for the return of more Chinese concept stocks to the A-share market, which will greatly attract and promote scientific and technological innovation. The stock returns to A.
(Source: China Business News)
(Responsible publisher: DF537)
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