Review of today's ETF market

The turnover in Shanghai and Shenzhen is 770 billion yuan. More than 3400 stocks in the two markets fell, with a net sale of 7.46 billion yuan for northward funds. Huawei's concepts of automobiles, diet pills and consumer electronics were among the biggest gainers, while tourism and hotel, media and real estate development sectors fell.

ETF, slimming drugs continue to fly vaccine ETF, Castrol fund vaccine ETF, Bosch fund vaccine biological ETF, China Merchants Fund vaccine leader ETF rose 4.04%, 3.6% and 3.46% respectively. Huawei auto concept stocks rose strongly, with Guangfa fund auto ETF and Huaxia fund smart car ETF up 3% and 2.19% respectively. Us stocks closed higher on Friday, while the NASDAQ ETF of Invesco Great Wall Fund rose 2.68 per cent.

The tourism sector suffered a sharp setback, with tourism ETF falling 4.89 per cent. The film and television sector also performed poorly, with the film and television ETF falling 3.98%. Japanese stocks performed weakly during the National Day, with the Japanese Eastern Expedition Index ETF and Nikkei 225ETF falling 3.38 per cent and 2.63 per cent respectively. The property sector weakened, with real estate ETF falling 2.44 per cent.

Comments on today's ETF market

Today, the A-share market opened low after bottoming out and rebounded, and the three major indexes closed down slightly. By the close, the Prev index was down 0.44% at 3096.92 points, the Shenzhen index was down 0.03%, and the gem index was down 0.26%. Individual stocks fell more than rose less, the city's more than 3300 stocks fell.

The volume can be enlarged to some extent, and the turnover between the two cities is 770 billion yuan, 52.8 billion yuan higher than that of the previous trading day. Due to the impact of the typhoon, Hong Kong Stock Connect suspended trading in the morning. Within an hour after the resumption of trading at 14:00 to the close, northbound funds again sold A shares, with a net sales of 7.46 billion yuan throughout the day, but the main index of A shares did not fall further within an hour of northbound funds selling.

Plate, weight loss drugs plate continued to be active, Changshan Pharmaceutical Industry 5 days 3 boards, Wu Fan biological 20CM limit.

Huawei automobile industry chain is strong throughout the day, Cyrus and Jianghuai Motor both rise by the daily limit, while Guanghong Technology, Bojun Technology and Hengbo shares rise by the limit. On the news, according to Yu Chengdong, chairman of Huawei BU, the cumulative order of the new M7 has exceeded 50, 000 units from its launch on September 12 to October 6.

Consumer electronics plate rose in the afternoon, Ofeiguang, Gale shares, Tianlong shares and other shares rose by the daily limit.

In terms of decline, the big consumer sector suffered a setback, film and television, tourism and other directions led the decline, Shanghai film, Hengdian film and television, Chinese film, etc., Jiuhua tourism, Tianmu Lake close to the limit.

Today is the first day of the post-holiday A-share market, Prev once again came below the 3100-point mark, the main indexes closed down, northbound funds are still sold, showing that market confidence has not yet fully recovered. But CICC and other institutions believe thatThe overall performance of A-shares after the festival will show relative resilience, and the fourth quarter will still be an important time window for policy development, which can focus on phased and structural opportunities..

III. Quick news overview of the Fund today.

Ministry of Industry and Information Technology and other six departments: speed up the innovative application of computing power in the financial field

Six departments, including the Ministry of Industry and Information Technology, the Central Internet Information Office, the Ministry of Education, the State Health Commission, the people's Bank of China and the State-owned assets Supervision and Administration Commission of the State Council, recently jointly issued the Action Plan for the High-quality Development of Computing Infrastructure, according to the Gongxin WeChat WeChat. It is mentioned that we should speed up the innovative application of computing power in the financial field, build a multi-node parallel distributed computing resource architecture, and provide the ability to efficiently manage cross-regional resources and deploy core businesses in multiple places. Develop and deploy intelligent edge computing nodes around low-latency business scenarios such as high-frequency trading in the financial market to achieve the screening, integration and processing of financial business edge data, and provide more accurate and efficient computing support for the development of financial business.

The China Foundation Association issued 100 "tickets" in February.

In the past two months, the website of the China Securities Investment Fund Association has disclosed more than 120 disciplinary decisions against private equity institutions and related individuals, significantly stronger than before. From the perspective of the reasons for punishment, the problem of product filing has become a "hard-hit area", including not filing and falsely filling in filing information and so on. At the same time, under the background of "supporting the good and limiting the inferior", the pace of clean-up of the private equity industry has been accelerated. More than 2300 private equity firms have completed their write-offs during the year, and nearly 80% of them have been cancelled by the China International Association.

Shanghai Gold ETF issued frequent liquidation warning.

On September 27th, Southern Fund announced that the company's Southern Shanghai Gold traded open-end securities investment fund may trigger the termination of the fund contract because the net asset value of the fund is less than 50 million yuan for 30 consecutive working days. During the year, a number of Shanghai gold ETFs were wound up or faced with liquidation because of their small size, which is a clear departure from the gold price, which has continued to rise. Investors are also divided on the operation of gold-related ETF, with some products increasing their holdings by more than 300m and others reducing their holdings by about 100m.

Shanghai and Shenzhen 300ETF (159919) net inflow of more than 2 billion yuan in the last ten trading days

Shanghai and Shenzhen 300ETF (159919) received a cumulative net inflow of more than 2 billion yuan in the 10 trading days before the festival, of which 9 trading days received a net inflow. The latest data show that the share of the ETF fund reached a new high of 8.152 billion for the year. The ETF is also equipped with over-the-counter linked funds (category C: 160724).

The 29th public offering REITs will go on sale tomorrow.

Shandong Expressway announced that Zhongjin Shangao Group Expressway closed Infrastructure Securities Investment Fund (CICC Shandong Expressway REIT) will be sold on October 10. The upcoming CICC Shandong Expressway REIT will become the 29th public offering REITs and the fifth public offering REITs this year, with a subscription price of 7.463 yuan per share and a total amount of 2.9852 billion yuan raised.

Double the dividend amount of REITs

Data show that, based on the dividend day, more than 2300 funds implemented dividends in the first three quarters, with a cumulative dividend of more than 150 billion yuan. What is noteworthy is that the total dividend of REITs increased by more than 150% year-on-year.

New recruits to floating rate funds

On October 9, Huaxia Fund announced that its Huaxia Xinxing return mixed Fund will be officially launched on November 1. This is the first fund in the market where management fees are linked to the scale of management. when the net asset value of the fund is not more than 10 billion yuan a day, the annual rate of management fees is 1.2%. When the current one-day net asset value of the fund is more than 10 billion yuan, the annual management fee rate for the fund net asset value part of 10 billion yuan or less is 1.20%, and the annual management fee rate for the fund asset net value part exceeding 10 billion yuan is 0.60%.

Public offering funds will issue 70 new products in October

Among the 70 new funds to be launched in the market in October (calculated separately for different shares of products), the type with the highest share is the holding period fund, with a total of 20. In addition, the proportion of active equity funds in the new funds issued in October is still relatively high, there will be 15 partial stock hybrid funds and 4 common equity funds issued.

Public offering accelerates the layout of Zhong Zheng 2000 related products

By the end of the third quarter, the first batch of 10 CSI 2000ETF, 9 have been officially established. According to the latest product approval progress of the CSRC, as of October 7, 30 funds tracking the CSI 2000 index were waiting in line for approval, involving 27 fund managers.

The performance of public offering funds was released in the first three quarters.

By the end of September, the development of the oriental region managed by Zhou Siyue had a return of 55.32% so far this year, temporarily leading the market-wide fund. In the third quarter, in the process of bottoming out in the market, the moneymaking effect of public offering funds decreased. As of the end of September, since the beginning of this year, the performance of 84 funds (merging different fund shares) in the market has exceeded 20% and 30%. Benefit from the outbreak of the AI market in the first half of the year, the top performance funds are still AI-related concept funds.

Over 80% of active equity funds lost money in the first three quarters.

According to the average performance in the first three quarters, bond funds, QDII (qualified domestic institutional investors) funds and money funds performed better, while the average performance of active equity funds was negative, with more than 80% of funds losing money during the year, and 40% of fund products fell by more than 10% during the year.

10-year active equity investmentBig public offering is even better.

Node Fund ranked second, with an average return of 250.07% for equity funds in the past decade, while BoCom Schroeder funds and China Europe funds ranked third and fourth, with average returns of 245.64% and 241.12% respectively in the last decade. In addition, the average return of equity funds of large fund companies is significantly higher than that of small and medium-sized fund companies in the last ten years.

About 20 debt bases have been redeemed in the past month.

Over the past month, about 20 bond funds have suffered large redemptions and issued an announcement of "improving the accuracy of net worth due to large redemptions". Since the interest rate cut on August 15, the bond market has continued to adjust. At one point, the yield on 10-year treasury bonds rose 12 basis points to 2.7%, while the interest rate on short-end varieties rose even more. The yields on 1-year treasury bonds and 1-year AAA certificates of deposit rose 39 basis points and 24 basis points respectively, reaching 2.21% and 2.47% respectively.

The scale of small and medium-sized public equity fund continues to increase.

The total size of securities settlement funds continues to expand. As of October 8, there were 849 securities settlement funds in the market, with a total size of about 683.2 billion yuan, accounting for 2.5 per cent of the total fund size from 1.3 per cent at the end of 2021.

Private equity funds will increase the size of the Beijing Stock Exchange.

On September 28, the official website of the China Securities Investment Fund Association released the "guidelines for the filing of Private Investment funds No. 2-Private Equity and Venture Capital funds". It stipulates that after companies invested by private equity funds other than venture capital funds are listed on the Beijing Stock Exchange, funds can increase their holdings of listed companies through public offering or public trading. It liberalizes the path for private equity funds to buy shares in the Beijing Stock Exchange through the secondary market, which effectively enhances the market buyer's power.

Dongxing Securities and others set up a private equity fund with 1 billion yuan to adjust the structure of the industrial investment company.

Recently, Dongfang Zhaoying (Shenzhen) private equity fund structure adjustment industrial investment partnership (limited partnership) was established, and the executive partner is Dongxing Capital Investment Management Co., Ltd., with a registered capital of 1 billion yuan. Business scope includes: private equity funds engaged in equity investment, industrial investment, investment management, asset management and other activities. Equity penetration shows that the company is jointly owned by Dongxing Capital Investment Management Co., Ltd., a wholly-owned subsidiary of Dongxing Securities.

Aerospace Hongtu and other 400 million yuan set up a satellite interconnection private equity company in Henan.

Recently, Henan Hangqi Satellite Interconnection Industrial Fund Partnership (Limited Partnership) was established, and its executive partner is Qianhai Fang (Zhengzhou) Venture Capital Management Enterprise (Limited Partnership), with a registered capital of 401 million yuan. Business scope includes: private equity funds engaged in equity investment, investment management, asset management and other activities. Enterprise check equity penetration shows that the company is jointly owned by Aerospace Hongtu and other companies.

Goldman Sachs Group: hedge funds sold US energy stocks for two weeks before the Israeli-Palestinian conflict broke out

Global hedge fund managers are accelerating the sell-off of commodity-sensitive US stocks in the week to October 6, just before the Israeli-Palestinian conflict led to a jump in oil prices on Monday, according to a report from Goldman Sachs Group's prime brokerage business. Us energy stocks posted a net sell-off for the second week in a row in the week ended Oct. 6. As of Friday, hedge funds had sold shares of US chemical, building materials and paper manufacturing companies at their highest level since early June.

IV. The latest developments of well-known fund managers

Cai Songsong is no longer in charge of the fund

On September 29, the Nuoan Fund issued an announcement that Cai Songsong left his post as the fund manager of Nuoan positive return mixed, Nuoan and Xin mixed and Nuoan growth mixed funds for personal reasons. In addition, he stepped down as Noan innovation-driven hybrid fund manager in May and Noan optimized allocation hybrid fund manager in July. At this point, Cai Songsong has no money to manage the fund.

V. the latest developments of fund products