Over 7.7 billion yuan spent to buy the dip!

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【Introduction】“Buy more when prices fall”! Stock ETF market net inflow exceeds 7.7 billion yuan

China Fund Reporter Li Shuchao

Last Friday, the three major A-share indices plunged at the close, with all mainstream indices ending in the red. Among them, the chemical sector defied the trend and strengthened, the wind power sector continued its rally, while the metals sector declined and the power grid equipment sector adjusted.

Against the backdrop of market declines, funds are “buying more as prices fall” through stock ETFs. Last Friday, the stock ETF market saw a net inflow of over 7.7 billion yuan, with broad-based ETFs and strategic style ETFs leading in net inflows, while chemical ETFs and non-ferrous metal ETFs experienced net outflows.

Last Friday, the stock ETF market net inflow exceeded 7.7 billion yuan

Wind data shows that as of March 13, the total market size of 1,352 stock ETFs (including cross-border ETFs) reached 3.99 trillion yuan. During the market decline, stock ETFs saw a net inflow of 7.735 billion yuan.

In terms of major categories, broad-based ETFs and strategic style ETFs had the largest net inflows on the previous trading day, at 3.298 billion yuan and 2.36 billion yuan respectively. Specifically, the CSI Short-term Financing Index had the largest net inflow on March 13, at 2.829 billion yuan.

Looking at the past five days, recent fund inflows into the SGE Gold 9999 Index exceeded 4.7 billion yuan, and inflows into the power grid equipment thematic index exceeded 3.1 billion yuan.

Despite market declines, leading fund companies’ ETFs continue to see net inflows.

Among them, E Fund’s ETFs had a total scale of 632.49 billion yuan last trading day, with a net inflow of 1.2 billion yuan. The Energy Storage Battery ETF had a scale of 6.463 billion yuan, with a net inflow of 326 million yuan; the CSI 1000 ETF and Power Grid Equipment ETF both saw net inflows of over 150 million yuan. Additionally, E Fund’s Gold ETF and A500 ETF each had net inflows of over 120 million yuan on the same day.

Hua Xia Fund’s ETFs saw net inflows in the last trading day, with the A500 ETF and SSE 50 ETF leading, at 799 million yuan and 671 million yuan respectively. Their latest scales are 34.471 billion yuan and 69.27 billion yuan, with average daily trading volumes over the past month of approximately 10.36 billion yuan and 1.88 billion yuan for the tracked indices. Moreover, the Free Cash Flow ETF, CSI 1000 ETF, and Power Grid Equipment ETF had net inflows of 587 million yuan, 382 million yuan, and 210 million yuan respectively. Hua Xia’s SciTech Innovation 50 ETF and CSI 300 ETF each saw net inflows exceeding 100 million yuan.

Industry thematic ETFs saw a decline of nearly 16 billion yuan in scale

On the outflow side, last trading day, Hong Kong market ETFs experienced net outflows of 245 million yuan; overall, industry thematic ETFs shrank by 15.946 billion yuan.

Specifically, on March 13, the segmented chemical index experienced the largest net outflow, at 1.115 billion yuan.

In terms of products, chemical ETFs saw outflows of 750 million yuan, non-ferrous metal ETFs outflowed over 300 million yuan, and several products like CSI 300 ETF (Jia Shi), oil ETFs experienced outflows exceeding 200 million yuan.

Although some industry sectors experienced significant net outflows, institutions remain optimistic about the future of A-shares.

A large fund company stated that, over the longer term, the impact of geopolitical conflicts on the A-share market is relatively limited. Market influences will revert to their own logic, and as the global macro cycle gradually stabilizes, the manufacturing sector’s prosperity cycle is expected to gradually recover this year. Mid-term, market style is expected to shift back toward large-cap growth, with sectors such as AI computing power, power equipment, non-ferrous metals, and basic chemicals favored.

A medium-sized public fund believes that going forward, attention should be paid to changes in market trading logic, new energy sectors, oil and gas-related fields, and low-volatility assets.