On December 8, stock ETFs saw a net outflow exceeding 3.8 billion yuan.
The three major A-share indices collectively closed higher on December 8. However, in the stock ETF market, investors opted to "take profits off the table," resulting in a net outflow of over 3.8 billion yuan for the day.
**ETF Inflows Led by Hong Kong Market** By the close of December 8, the Shanghai Composite Index rose 0.54%, the Shenzhen Component Index gained 1.39%, and the ChiNext Index surged 2.6%. Sector-wise, telecommunications led the gains, with computing hardware segments like CPO performing strongly. Meanwhile, resource sectors such as coal and petrochemicals saw pullbacks.
Wind data shows that as of December 8, the total assets under management (AUM) of 1,271 stock ETFs (including cross-border ETFs) reached 4.64 trillion yuan. In terms of fund flows, ETF shares decreased by 3.427 billion units, translating to a net outflow of 3.863 billion yuan based on average prices.
By category, Hong Kong market ETFs and broad-based ETFs led inflows, attracting 2.128 billion yuan and 934 million yuan, respectively. At the index level, AAA-rated tech innovation bond index products saw the highest inflows at 1.618 billion yuan. Over a five-day period, CSI A500 index products recorded net inflows exceeding 7.3 billion yuan, while CSI 300 index products attracted over 2.6 billion yuan.
**Top ETF Inflows** On December 8, 29 ETFs registered net inflows exceeding 100 million yuan each. Among them, Southern A500 ETF topped the list with 1 billion yuan in net inflows, followed by Huatai-PineBridge’s CSI 300 ETF (920 million yuan) and ChinaAMC’s STAR 50 ETF (789 million yuan).
**Major Fund Houses See Continued Inflows** E Fund’s Internet-themed ETF saw net inflows of over 250 million yuan, while its CSI 300 ETF attracted nearly 200 million yuan. The A500 ETF under E Fund recorded 170 million yuan in inflows, and its Hang Seng Dividend Low Volatility ETF added 140 million yuan, reaching a record AUM of 6.8 billion yuan. Its STAR Innovation ETF also saw 120 million yuan in inflows.
ChinaAMC’s STAR 50 ETF and Robotics ETF led inflows at 789 million yuan and 448 million yuan, respectively, with AUMs hitting 75.195 billion yuan and 25.569 billion yuan. Its A500 ETF attracted 207 million yuan, while Gaming ETF and Grid Equipment ETF saw inflows of 178 million yuan and 148 million yuan, respectively. The ChiNext Growth ETF and Gold ETF also registered inflows exceeding 100 million yuan each.
**Sector-Themed ETFs Lead Outflows** By category, sector-themed ETFs saw the highest net outflows at 8.138 billion yuan. At the index level, products tracking the securities company index led outflows with 3.861 billion yuan.
**Market Outlook** Lin Weibin, Head of Index Investment at E Fund, noted that economic resilience, stable expectations, and favorable liquidity conditions support the market, suggesting A-shares can maintain a diversified and balanced structure toward year-end. He recommended focusing on large-cap growth core assets.
ICBC Credit Suisse Fund expressed optimism about A-shares in the medium term, highlighting the value of China’s core economic assets during market adjustments.
MACD golden cross signals formed, indicating strong momentum for select stocks.
Comments