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【Guide】On March 23, net inflows into stock ETFs exceeded 21.8 billion yuan.

China Fund News Reporter Tianxin

On March 23, the A-share market experienced a significant decline, with the three major indices collectively closing lower, each dropping over 3%. The total trading volume in both markets was nearly 2.45 trillion yuan.

Some funds entered the market at lower prices. On Monday of this week, total net inflows into stock ETFs (including cross-border ETFs) exceeded 21.8 billion yuan. Broad-based ETFs, dividend ETFs, and several sector-themed ETFs saw significant net inflows; however, sector-themed ETFs in non-ferrous metals and chemicals, as well as broad-based ETFs tracking the CSI A500, CSI 1000, and CSI 800 indices, experienced larger net outflows.

Since March, stock ETFs have shown overall net inflows, with a total of nearly 10 billion yuan “attracted.” Observing the last five days, recent inflows into the CSI 300 index exceeded 11.7 billion yuan, while inflows into the Shanghai Composite Index surpassed 5.1 billion yuan.

Net inflow into stock ETFs exceeded 21.8 billion yuan.

According to Wind data, as of March 23, the total scale of 1,361 stock ETFs in the entire market reached 3.75 trillion yuan.

Some funds chose to increase their positions at lower prices. Wind data shows that on March 23, the total shares in the stock ETF market increased by 17.7 billion shares. Based on the average transaction price, the net inflow of funds on that day exceeded 21.8 billion yuan. Among them, 67 stock ETFs saw net inflows exceeding 100 million yuan, with Huatai-PB CSI 300 ETF, GF Shanghai Composite Index ETF, and Huaxia SSE 50 ETF ranking in the top three for net inflows.

On March 23, the total net inflow for the entire market was 19.1 billion yuan. In terms of major categories, broad-based ETFs and Hong Kong stock market ETFs led in net inflows, reaching 15.624 billion yuan and 4.743 billion yuan, respectively; commodity ETFs experienced leading net outflows at 2.566 billion yuan. In terms of scale changes, the scale of sector-themed ETFs decreased by 51.197 billion yuan.

Specifically, in terms of indices, on March 23, the CSI 300 index had the highest single-day net inflow, reaching 5.968 billion yuan; the SGE Gold 9999 had the largest single-day net outflow, reaching 2.231 billion yuan. Observing the last five days, recent inflows into the CSI 300 index exceeded 11.7 billion yuan, while inflows into the Shanghai Composite Index surpassed 5.1 billion yuan.

In addition, among stock ETFs, on that day, 35 stock ETFs had net outflows exceeding 100 million yuan, with sector-themed ETFs in non-ferrous metals, chemicals, and gold, as well as broad-based ETFs tracking the CSI A500, CSI 1000, and CSI 800 indices, experiencing the largest net outflows.

Top public fund companies’ ETFs are “attracting capital.”

Data shows that net inflows into some ETFs under leading fund companies continue.

On March 23, the latest scale of E Fund’s ETFs was 596.67 billion yuan, with a net inflow of 4.34 billion yuan that day. The ChiNext ETF from E Fund saw net inflows exceeding 1.2 billion yuan, the CSI 300 ETF from E Fund saw net inflows exceeding 710 million yuan, the energy storage battery ETF from E Fund had net inflows exceeding 570 million yuan, the Hong Kong Stock ETF from E Fund had net inflows of nearly 540 million yuan, the China Concept Internet ETF from E Fund saw net inflows of 440 million yuan, and the Sci-Tech Innovation 50 ETF from E Fund had net inflows of 350 million yuan.

In terms of Huaxia Fund’s ETFs, the Huaxia SSE 50 ETF and the Huaxia Sci-Tech Innovation 50 ETF had the largest single-day net inflows, with net inflows of 1.583 billion yuan and 1.249 billion yuan, respectively, bringing their latest scales to 69.878 billion yuan and 68.82 billion yuan, corresponding to average daily trading volumes over the past month of 2.1 billion yuan and 3.58 billion yuan. The Huaxia New Energy Vehicle ETF had net inflows of 418 million yuan, while the Huaxia CSI 300 ETF and the Huaxia Hang Seng Tech ETF both had net inflows exceeding 300 million yuan.

GF Fund stated that in the short term, global equity assets may continue to fluctuate until geopolitical situations become clearer. However, after recent adjustments, selling pressure in the A-share market has been somewhat released. From a longer-term perspective, relying on strategic fundamentals for valuation appreciation and safety premiums, A-shares may exhibit relative resilience.

Zhang Wenlong, manager of the Huashang Value Sharing Flexible Allocation Mixed Initiation Fund, stated that the duration and evolution path of ongoing overseas geopolitical conflicts remain highly uncertain. Although this has intensified market volatility in the short term, it has also highlighted two major trend opportunities: first, the weakening of dollar credit is shifting from expectation to reality, which will have a profound impact on global capital flows and asset pricing; second, a new layer of “energy constraints” is added to the global economy, highlighting differences in system resilience. In this context, those countries that can demonstrate stronger economic resilience and supply stability under energy shocks will gain greater strategic initiative and industrial competitiveness.

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Editor: Liu Wanli SF014