On October 8, the trading volume of a number of broad-based ETFs increased significantly, and the turnover hit a record high. Among them, the turnover of E Fund ChiNext ETF reached 47.5 billion yuan.
Due to the ferocious influx of funds, a number of ETFs and index LOF funds issued risk premium warning announcements and announced a one-hour suspension of trading on October 9. Industry insiders said that when the secondary market price of the fund is at a large premium, investors should remain vigilant and do not blindly buy.
E Fund's ChiNext ETF turnover was 47.5 billion yuan
On October 8, E Fund ChiNext ETF rose 19.98%, with a turnover of 47.5 billion yuan, which is also a record high for the fund since its inception in 2011. It is worth noting that its turnover rate reached 43.62%, and the game of this "giant" product is very fierce.
Judging from the latest scale, as of September 30, the scale of E Fund's ChiNext ETF was 90.892 billion yuan, which is expected to exceed 100 billion yuan.
In addition to E Fund's ChiNext ETF, on October 8, there were also a number of broad-based ETFs with significant trading volumes.
Among them, the turnover of Huatai Barry CSI 300 ETF was 38.3 billion yuan; The 20% daily limit of ChinaAMC Science and Technology Innovation 50 ETF was 25.5 billion yuan, both hitting a record high.
Judging from the latest scale, as of September 30, the scale of ChinaAMC Kechuang 50 ETF was 92.359 billion yuan, and the scale of Huatai Pineapple CSI 300 ETF was 397.547 billion yuan.
Judging from the current situation, the scale of Huatai Pineapple CSI 300 ETF is expected to exceed 400 billion yuan, and the scale of Huaxia Kechuang 50 ETF is expected to exceed 100 billion yuan.
From the perspective of capital flows, ETFs are attracting gold strongly.
According to Choice's estimates, in September, the net subscription amount of Huatai Pineapple CSI 300 ETF was 41.237 billion yuan. A number of ETFs with significant growth styles have also attracted strong gold, with the net subscription amount of CSI 1000 ETF, CSI 500 ETF and ChinaAMC CSI 1000 ETF all exceeding 10 billion yuan.
A number of funds warn of premium risk
The enthusiasm of funds is high, and many ETFs are at a premium.
According to Choice data, the premium rate of BOC Securities ChiNext ETF is 13.96%, and the premium rate of Guolianan ChiNext Technology ETF, China Merchants ChiNext Large Cap ETF, and E Fund SSE Science and Technology Innovation Board 100 Enhanced Strategy ETF all exceed 10%.
In addition to ETFs, many index LOF funds also have higher premiums.
On October 8, the 20% limit of Cathay GEM, with a premium rate of more than 28%, and the premium rate of Penghua ChiNext and E Fund's Science and Technology Innovation Board was also above 25%.
On the evening of October 8, a number of funds such as China Merchants CSI All-Index Securities Company Index, Huatai Pineapple ChiNext Technology ETF, Tibet Dongcai CSI 300 ETF, and Penghua ChiNext 50 ETF have issued risk premium warning announcements.
Here are some of the funds that warn of premium risk:
Some funds also announced a one-hour suspension on October 9.
On the evening of October 8, BOCI Securities announced that the trading price of BOC Securities ChiNext ETF in the secondary market showed a large premium, and the trading price deviated from the reference net value of the fund share by a large margin. Investors are hereby reminded to pay attention to the risk of trading price premium in the secondary market, and investors may suffer significant losses if they invest blindly. In order to protect the interests of investors, the fund will suspend trading from the market open on October 9 to 10:30 on the same day, and resume trading at 10:30 on October 9.
BOCI Securities reminds that the fund is an exchange-traded open-end fund, and investors can trade the fund in the secondary market, and can also subscribe and redeem the fund. In addition to the risk of changes in the net value of fund shares, the trading price of the secondary market of the fund will also be affected by other factors such as market supply and demand, systemic risk, liquidity risk, etc., which may expose investors to losses.
In addition to ETFs, some LOF funds have also made similar announcements.
Guotai Fund announced that the shares of Guotai ChiNext Index (LOF) Class A funds are listed and traded on the Shenzhen Stock Exchange. Recently, the trading price of the fund in the secondary market has fluctuated significantly, and the on-exchange trading price has a higher premium than the net value of the fund's shares. On September 30, the net value of the fund's shares was 1.1914 yuan, and as of October 8, the closing price of the fund in the secondary market was 1.529 yuan. Investors are hereby reminded to pay attention to the risk of trading price premium in the secondary market, and investors may face greater losses if they buy at a high premium. In order to protect the interests of investors, the fund will be suspended from the market open on October 9 to 10:30 on the same day, and resume trading at 10:30 on October 9.
Source: Shanghai Securities News