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Coming soon to be listed...
On October 10th, the first batch of ten CSI A500 ETFs announced that they will be listed collectively next Tuesday (October 15th). As of October 8th, the stock positions of the CSI A500 ETFs under Jing Shun Great Wall Fund, Morgan Asset Management, Merchants Fund, and Harvest Fund have exceeded 85%.
In addition, many institutional investors such as securities firms, private equity, trusts, insurance, futures, and public fund special accounts have appeared among the top ten holders of the CSI A500 ETF. China Securities Journal reporters learned that as the CSI A500 ETF is subsequently listed, the supporting CSI A500 ETF link funds will also usher in the reporting and issuance.
Multiple types of institutions participate in the first release.
On October 10th, the first batch of ten CSI A500 ETFs disclosed the listing trading announcement, announcing that they will be listed collectively next Tuesday (October 15th). Among them, the CSI A500 ETFs under Hua Tai Bo Rui Fund, Morgan Asset Management, Fu Guo Fund, Merchants Fund, and Tai Kang Fund will be listed on the Shanghai Stock Exchange, while the CSI A500 ETFs under Harvest Fund, Yin Hua Fund, Guo Tai Fund, Nan Fang Fund, and Jing Shun Great Wall Fund will be listed on the Shenzhen Stock Exchange.
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This time, all ten CSI A500 ETFs were fully raised to the maximum limit of 2 billion yuan. In terms of holders, as of October 8th, the proportion of institutional investors holding fund shares of the CSI A500 ETFs under Harvest Fund, Hua Tai Bo Rui Fund, Morgan Asset Management, Tai Kang Fund, and Merchants Fund is relatively high, ranging from 39% to 52%; the proportion of institutional investors holding fund shares of the CSI A500 ETFs under Fu Guo Fund, Guo Tai Fund, Jing Shun Great Wall Fund, Nan Fang Fund, and Yin Hua Fund is about 20%.
In addition, many institutional investors such as securities firms, private equity, trusts, insurance, futures, and public fund special accounts have appeared among the top ten holders of the CSI A500 ETF.
For example, Xingye Futures Asset Management Plan has appeared among the top ten holders of the CSI A500 ETFs under Morgan Asset Management, Merchants Fund, and Harvest Fund; several CITIC Trust Financial Investment Collective Fund Trust Plans have appeared among the top ten holders of the Yinhua CSI A500 ETF; China Ping An Life Insurance holds 447 million shares of Morgan CSI A500 ETF, and Taikang Life Insurance holds a total of 513 million shares of Taikang CSI A500 ETF, with a holding ratio of more than 20%.
From the perspective of building positions, as of October 8th, the stock positions of the CSI A500 ETFs under Jing Shun Great Wall Fund, Morgan Asset Management, Merchants Fund, and Harvest Fund have been built faster, with stock positions already exceeding 85%; the stock positions of the CSI A500 ETFs under Fu Guo Fund, Guo Tai Fund, Tai Kang Fund, Nan Fang Fund, Hua Tai Bo Rui Fund, and Yin Hua Fund are between 40% and 70%. On October 8th, the CSI A500 Index closed up 6.33%, and the CSI A500 ETFs under Morgan Asset Management, Fu Guo Fund, and Nan Fang Fund all rose by more than 5%.
China Securities Journal reporters learned from the industry that as the CSI A500 ETF is listed next, the supporting CSI A500 ETF link funds will also usher in the reporting and issuance.Participating in Market Development through Broad-based ETFs
Wind data indicates that the China A500 Index was officially launched on September 23rd, and as of October 9th, the index has risen by 24.58%. During this period, among its top ten heavily weighted stocks, Orient Wealth has surged by over 130%, with its share price doubling; CITIC Securities followed closely with a gain approaching 60%; Contemporary Amperex Technology Co. Limited (CATL), Wuliangye, Kweichow Moutai, and Ping An Insurance have all increased by more than 25%.
The domestic economy may currently be in a recovery phase. With the start of a new cycle of corporate profit repair, Huatai-PineBridge Fund estimates that industry leaders with stable return on equity (ROE) and cash dividend levels could be a strong tool for grasping structural opportunities in the market. In this process, the China A500 Index, which evenly covers industry leaders and concentrates on reflecting the direction and achievements of industrial structure transformation, may be worth particular attention.
On September 26th, with the consent of the Central Financial Committee, the Central Financial Office and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Promoting Medium and Long-term Capital into the Market" (referred to as the "Guiding Opinions"), which specifically mentioned the establishment of a fast-track approval channel for ETF index funds.
Huatai-PineBridge Fund stated that in recent years, index investment has gained the recognition of more and more investors due to its high transparency and low fees. Among them, broad-based ETFs, with their good representativeness and large investment capacity, have become the main variety for absorbing long-term capital in volatile markets. Enriching the layout of index varieties and guiding incremental funds to continuously flow into the market through index products is not only conducive to "vitalizing the capital market and boosting investor confidence" but also serves as a strong tool for promoting investment reform and guiding medium and long-term capital inflows, aiding in the high-quality development of the capital market.
JPMorgan Asset Management stated that the "Guiding Opinions" aim to guide medium and long-term capital into the market, opening up channels for funds such as social security, insurance, and wealth management to enter the market in order to boost the capital market. The substantial injection of funds is actively changing the liquidity conditions of the market, which sends a positive signal. Despite short-term market adjustments, with the continuous inflow of funds and policy guidance, the market is expected to usher in sustainable and stable development.
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