1.Today's fund news quick

This year, only 14% of funds invested investors cleared or reduced their positions

According to a recent fund investment survey, only 14% of investors have cleared or reduced their positions this year, and more than 25% of investors continue to hold existing investment portfolios. 37% of existing investment portfolios have made up positions on dips, and 23% of investors have bought new investment portfolios. Judging from the types of investment portfolios held, about 70% of respondents held equity portfolios.

The first batch of Shenzhen Stock Exchange 50 ETFs was listed

Yesterday, the first batch of two SZSE 50 ETFs officially entered the A-share market. The performance of the two ETFs was stable on the first day of listing. The turnover was over 800 million yuan throughout the day, the turnover rate was above 34%, and the market popularity was high.

The two central enterprise technology index ETFs continue to be active

The two central enterprise technology index ETFs were released again in the afternoon, with a total turnover of 599 million yuan. BOSHI's central enterprise innovation-driven ETF turnover was 341 million yuan, and the Southern Central Enterprise Technology ETF had a turnover of 258 million yuan throughout the day. Since China Guoxin announced on December 1 that it will increase its holdings in the Central Enterprise Technology Index ETF, the two ETFs have received a continuous inflow of capital.

Three public offerings increase liquidity service providers for their ETFs

Yesterday, three fund companies, including Yifangda, Fuguo, and Tianhong, each added liquidity service providers to some of their ETFs. Looking at it over a longer period of time, since December, 10 public funders, including 10,000, ICBC Credit Suisse, and Harvest, have operated this way on their ETFs.

The size of securities settlement funds increased more than tenfold in four years

According to the data, as of December 11, based on the date of establishment of the fund, 226 new securities settlement funds have been established since this year, with a total size of 147.433 billion yuan of newly established securities funds. Data show that at the end of 2019, the number of securities settlement funds was 87, with a size of 57.441 billion yuan; as of the end of the third quarter of 2023, there were 915 securities settlement funds, with a total size close to 700 billion yuan. Compared with the size at the end of 2019, the size of securities settlement funds increased more than tenfold in four years.

In November, private equity performance rebounded, and stock strategy led the way in earnings

According to the data, as of the end of November, the average profit of 16,602 private equity securities products with a track record of performance in the five major strategies was 1.82% in November. In November, stock strategy earnings led the five major strategies. At the same time, this is also the first time since the second half of the year that stock strategies have taken the lead. According to the data, as of the end of November, the average profit of 10,391 stock strategy products with performance records in November was 1.96% in November.

Morgan Stanley will buy its own A-share theme fund

Recently, international financial services company Morgan Stanley launched a self-purchase plan to acquire up to 20% of the issued shares of its A-share theme funds in cash, involving an amount of more than 50 million US dollars.

Over 70% of APAC LPs plan to increase private equity investment

On December 11, Coller Capital (Coller Capital), an established British private equity agency, published the latest issue of the “Global Private Equity Barometer” (Global Private Equity Barometer). After surveying 110 private equity investors (LPs) from around the world, the survey results showed that due to concerns about the economic environment and interest rate fluctuations, 44% of LPs plan to increase their investment in private equity credit. Among them, investors in the Asia-Pacific region have the strongest interest, accounting for about 72% of the Asia-Pacific region.

Amway Co., Ltd.: One of the company's Zhongrong Trust products has expired

On the evening of December 11, Anhui Amway Material Technology Co., Ltd. issued an announcement stating that one of the company's Zhongrong Trust products has expired and has not yet received principal or investment income. Due to the nature of non-capital protected wealth management products, there is a risk that the principal and interest of this investment amount will not be fully repaid. At present, the company operates normally, has sufficient assets, stable financial conditions, abundant cash flow, and the development trend is improving. This matter does not affect the company's continuous operation and daily operating capital requirements.

II. The latest news of well-known fund managers

Xie Zhiyu: Kakura Sanan Optoelectronics

According to data from December 8, Xie Zhiyu and Ye Feng's Xing Quan Helun appeared in the latest list of the top ten tradable shareholders announced by San'an Optoelectronics, an increase of 1,565,600 shares over the end of the third quarter.

Han Chuang: Investigating North Moroccan Hi-Tech

On December 10, Beimo Hi-Tech was investigated by the agency, and Daesung Foundation Han Chuang appeared. According to data for the past half year, Han Chuang has not yet held this stock in the fund managed by Han Chuang.

Fan Kun: Investigating Recoda

On December 7, Ruikeda was investigated by the agency, and Fan Kun of Rongtong Fund appeared. According to data for the past six months, Fan Kun has yet to hold this stock in the fund managed by Fan Kun.

III.Today's ETF market resumed

The three major A-share indices had mixed ups and downs today. By the close, the Shanghai Index had risen 0.4% and recovered 3,000 points, the Shenzhen Index had fallen 0.08%, the GEM Index had fallen 0.62%, the Beijing Stock Exchange 50 had risen 1.22%, and the Shanghai and Shenzhen markets had a turnover of 787.5 billion yuan. More than 3,100 individual stocks in the two markets rose. The net sales of capital to the north were 5,024 billion yuan. On the market, sectors such as China Shipping, Education, and Real Estate Development registered the highest gains; sectors such as CPO and Alzheimer's Concept were shining green.

In terms of ETFs, the real estate sector led the way throughout the day. Huabao Fund Real Estate ETF and China Southern Fund Real Estate ETF rose 3.54% and 2.96% respectively. Education stocks were active, and the Bosch Fund Education ETF rose 3.03%. China Securities rebounded. Harvest Fund's China Securities Internet ETF and Guangzhou Development Fund's China Securities Internet ETF rose 2.64% and 2.34% respectively. Hong Kong stocks and Internet stocks followed the rise, while Huabao Fund's Hong Kong stock Internet ETF rose 2.01%.

The AI hardware side weakened, and communication ETFs fell 1.49%. The medical sector declined, and medical device ETF funds fell 1.46%. The Shuangchuang sector fell, and the Shuangchuang 50 ETF fund fell 1.03%.

IV. Today's ETF trading situation

Only 451 ETF funds in the entire market rose today. A total of 103 funds rose more than 1%, and 366 fell.

In terms of turnover, the total turnover of ETF funds in the entire market today was 1191.72 yuan, a decrease of 26.53 billion yuan from the previous trading day. There were 18 ETFs with turnover exceeding 1 billion yuan, and 111 ETFs with turnover exceeding 100 million yuan.

Among stock ETFs, Huaxia Fund's Shanghai Stock Exchange 50 ETF ranked first in the trading list, with a turnover of 2,964 billion yuan. The China Securities 1000 ETF is actively trading, and two related products are on the list today.

Looking back at the changes in the size of ETFs on the previous trading day, among the non-currency ETFs on December 11, the three products that increased the most shares were:

The Huaxia Shanghai Stock Exchange 50 ETF increased fund shares by 690 million shares, with a net inflow of 1,594 billion yuan; the share rose to 30.885 billion shares, a record high.

The Huaxia Hang Seng Technology ETF increased its fund share by 506 million shares, with a net inflow of 251 million yuan.

The Huaxia Hang Seng Internet Technology ETF increased its fund share by 500 million shares, with a net inflow of 177 million yuan.

The three ETFs with the most obvious decline in share are:

China Securities of China National Security refers to all semiconductor ETFs. The fund share was reduced by 196 million shares, and the net outflow was 161 million yuan.

Cathay Pacific China Securities refers to all securities company ETFs. The fund share was reduced by 157 million shares, and the net outflow was 145 million yuan.

Huaan China Securities all refers to software development ETFs. The fund share was reduced by 138 million shares, and the net outflow was 139 million yuan.

5. Review of today's market

Today, the A-share market fluctuated in a narrow range throughout the day, with the three major indices having mixed ups and downs. By the close, the Shanghai Index rose 0.4% to 3003 points, the Shenzhen Stock Exchange Index fell 0.08%, and the GEM Index fell 0.62%.

Quantitative energy shrank sharply, falling below 800 billion yuan. The turnover of the two markets was 787.5 billion yuan, down 124 billion yuan from the previous trading day. Northbound capital had net sales of 5.024 billion yuan throughout the day.

On the market, China Shipbuilding System led the way throughout the day, while China Shipbuilding Technology rose and stopped. According to the news, Song Jiahui, chairman of the China Diving and Rescue Industry Association, said a few days ago that with the deepening of the maritime power strategy, China has become the world's largest emerging market for power-positioned ships.

Real estate stocks were active throughout the day, with Fuxing Shares, CCCC Real Estate, and Dalong Real Estate rising and halting. According to the news, Poly Development announced that it plans to repurchase shares at 1 billion yuan to 2 billion yuan, and the actual controller plans to increase its holdings by 250 million yuan to 500 million yuan.

The media and game stocks split, and Cultural Investment Holdings, Longfan Media, and Reader Media rose and stopped.

Education stocks rose, while Guoxin Culture and Zhonggong Hi-Tech rose and stopped.

State-owned enterprise reform concept stocks rose in the afternoon, Nanjing state-owned stocks led the way, and Nanjing Business Travel and Nanjing Port rose and stopped rising.

In terms of decline, sectors such as lithography machines, BC batteries, and CPO are fading green.

Today, the market is showing a volatile consolidation trend. Hot spots are scattered, and quantitative energy has shrunk sharply. If the index is to continue to rebound in the future, the volume of energy will need to be increased somewhat.

Guosheng Securities believesThe key to a real strengthening of the market lies in two aspects. First, there is a moderate increase in trading volume, and the continued entry of incremental capital to consolidate the bottom and bring about a continuation of the profit-making effect; second, the weighted sector stabilizes, and it is necessary to wait for the cessation of falling signals from weighting indices such as the Shanghai Stock Exchange 50 and Shanghai and Shenzhen 300.

6. Latest developments in fund products