Outflows from Broad-Based ETFs Persist on January 20: CSI 300 Sees Nearly ¥31.9 Billion in Net Outflow, Up ¥1.2 Billion from Previous Day

Deep News01-21 10:43

Wind data indicates that the capital flow trends in the ETF market on January 20 continued to reflect redemption pressure on broad-based index products. Overall, major broad-based ETFs showed a net outflow pattern, with large-cap broad-based indices, notably the CSI 300, remaining the primary direction of capital exodus.

At the index level, ETFs tracking the CSI 300 experienced the most significant net outflows, amounting to a combined total of 31.886 billion yuan, an increase of approximately 1.2 billion yuan compared to the net outflow scale recorded the previous day (January 19). ETFs linked to the CSI 1000 Index also saw substantial outflows, with a net outflow value of 7.505 billion yuan. Furthermore, other mainstream broad-based index ETFs, such as those tracking the SSE 50, STAR 50, and CSI 500, all registered net capital outflows of 5.830 billion yuan, 4.939 billion yuan, and 9.172 billion yuan, respectively.

Drilling down to the individual product level, the Huatai-PineBridge CSI 300 ETF (510300.SH) recorded a net outflow of 10.984 billion yuan, making it the ETF with the largest capital outflow for the day. Other CSI 300-related products, including the Harvest CSI 300 ETF (159919.SZ), the E Fund CSI 300 ETF (510310.SH), and the ChinaAMC CSI 300 ETF (510330.SH), also experienced net outflows of 7.342 billion yuan, 6.848 billion yuan, and 6.470 billion yuan, respectively. Additionally, the Southern CSI 500 ETF (510500.SH) saw a net outflow of 9.143 billion yuan, while the ChinaAMC SSE 50 ETF (510050.SH) recorded a net outflow of 5.8 billion yuan.

In the sector-themed ETF space, certain segments attracted capital inflows against the prevailing trend. The Specialized Chemical ETF saw a net inflow of 1.717 billion yuan, semiconductor materials-related ETFs attracted a net inflow of 738 million yuan, and the Nonferrous Metals ETF gained a net inflow of 198 million yuan. Furthermore, themes such as CS Artificial Intelligence, CSI Healthcare, and CS Innovative Pharma also received modest capital inflows.

Overall, the ETF market on January 20 continued the pattern of capital flowing out of broad-based indices while certain sector-specific themes garnered attention, indicating that market sentiment remains cautious. Capital is persistently undergoing a structural shift away from large-cap broad-based indices towards specific industry themes.

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