The so-called ETF refers to the transactional open index fund, which is also commonly referred to as exchange traded fund (ETF). It is a kind of open-end fund, which combines the operating characteristics of closed-end fund and open-end fund. Investors can not only purchase or redeem from fund companies, but also buy and sell ETF shares in the secondary market like closed-end funds.
20 18, the stock market is bleak, but the ETF is hot. The basic reason is that some institutions and investors think that the stock market is in the bottom area, but it is not easy to choose stocks, because once the wrong stock is chosen, the trouble of stepping on the thunder will be great, and these people simply buy ETFs.
However, even in this ETF year, fund companies are "uneven", some are sunny and some are "soaked".
According to the total scale, there are four ETFs in the market, namely, CSI 300ETF, SSE 50ETF, CSI 500ETF and GEM ETF.
CSI 300ETF
In 2065438+2008, the transaction volume of the first and second funds was 2759 times different.
It is also an ETF fund that tracks the Shanghai and Shenzhen 300 Index. Huatai Bairui and Jiashi were the earliest products, but now their scale is more than twice that of the original. The scale of Huatai Bairui 300ETF (5 10300. SH) 20 18 increased by 64%, while Jiashi 300ETF( 1599 19. SZ) only increased by 2%.
Comparing the transaction amount, the total transaction amount of Huatai Bairui 300ETF was 201931000 million yuan, while Jiashi 300ETF only traded1430 million yuan. As an established fund company, this face hurts a little.
Worse than Jiashi is Nanfang 300( 159925. SZ)。 In 20 18, the scale declined instead of increasing, leaving only11500,000 yuan. According to the transaction amount, South 300 is 2759 times worse than Huatai Berry 300ETF.
On the daily K-line time-sharing chart of this fund, transactions are often intermittent, and it is common that there is no transaction within half an hour or an hour.
If you are unfortunate enough to follow the market with this variety, you can't buy it when you want to buy it, and you can't sell it when you want to sell it. Just like following the siege, the situation is particularly difficult.
Similarly, based on the vast land, E Fund HS300ETF(5 103 10. SH) It was established half a month later than the Southern 300ETF, and initially raised only110.04 million yuan, but it not only benefited the people, but the annualized management fee was only 0.2% less than that of the Southern 300ETF.
Good performance and large natural scale. By the end of 20 18, the total scale of E Fund's Shanghai and Shenzhen 300ETFs reached 4.955 billion yuan, four times higher than that of South 300ETFs.
In addition to the shrinking scale of the South 300ETF, many other small-scale ETFs under the South also shrank significantly on 20 18.
Despite its poor performance, southern fund Company was sincere and gave a serious reply to the questions raised by Global Finance. For the data of the above-mentioned scale shrinkage, the company first confirmed that "the data is accurate after review." Secondly, the company explained, "In view of the large adjustment of the 20 18 market, the change of the amount and scale can not fully reflect the product growth, so it is suggested to refer to the change of the share."
Then, the company gave a new table, from which the figures looked much better.
For the sake of objectivity, we will print out all the forms provided by southern fund Company, so as to facilitate readers to compare the products with intersection in the above two forms. Indeed, the following data looks good, but what does this mean? It shows that the enthusiasm of investors to buy southern products is not low, but the fund managers in the south have made the scale of products smaller and smaller, which means they have lost a lot. Take the stock market, which is easy for everyone to understand, for example. The principal invested has increased, but by the end of the year, a lot of money in the account has gone to Shui Piao.
SSE 50ETF
Bo Shi's low interest rate scale has increased by10,000, and it has fallen into the dog.
The earliest and largest ETF in the A-share market is SSE 50ETF(5 10050. SH) Issued by Huaxia, it has been running for 14 years. The total size of the fund has also become an aircraft carrier in the ETF family, with an annualized rate of return of 9.4% since its birth.
In terms of scale increment of 20 18, Bo Shi 50ETF(5 107 10. SH) performed best. The annualized management fee of this fund is only 0.3%, and the annualized income in the last two or three years is 9.5% and 26.05% respectively, but it has also experienced 20 18.
As for why 20 18 performed well in the total scale, when communicating with global finance, boss said, "The company issued a central ETF, raising 23 billion yuan for the first time, which enabled the company's ETF to cover the broad base, theme, commodities, QDII, r QFII/ Stock Connect and other directions, and also promoted the total scale of boss to rank among the top in the industry."
CSI 500ETF
China has the largest increase, and Jing Shun's national life is worrying.
The performance of CSI 500 index was poor in 20 18, but the total ETF size tracking CSI 500 increased by 183 billion yuan, which shows that the allocation of investors is intended for the long term.
From the statistical data, China CSI 500 has the biggest increase, and the scale of South 500ETF is far ahead, while small-scale ETF has the feeling of losing weight. The scale of Jing Shun Great Wall, China Life Insurance and Nuoan 500ETF will be greatly reduced, and the pressure will be even greater in 20 19.
Regarding why the South 500ETF can lead the scale, the South said in its reply, "The main reason behind it is the recognition of its allocation value by investors. As of 65438+February 3 1, the PE of CSI 500 index is only 16.24 times, which is close to the lowest point of historical valuation. Therefore, regardless of institutions or individuals, participation is relatively high. "
Growth enterprise market ETF
The scale of Guangfa Yifangda soared, and China accidentally fell off a cliff.
Growth enterprise market 20 18 performed the weakest, and the total ETF size tracking the growth enterprise market index still increased by 147 billion yuan, among which the growth enterprise market ETFs of Guangfa and Yifangda increased the most.
Although China's SSE 50ETF performed well, the size of its Growth Enterprise Market HX( 159957. SZ)20 18 is greatly reduced by 6 1%. This shows that Huaxia still has loopholes in the integrity and systematicness of ETF management.
It is very valuable to understand the situation and formation of 20 18 ETF. Once there is an opportunity in the 20 19 market, seize the ETF leader and you will get the first wave of dividends. Because, every time the market picks up, large-cap stocks and indexes are first displayed, which will inevitably be reflected in the trend of ETF funds first.