On January 15, the trading activity of broad-based ETFs surged again, with several such ETFs experiencing significant increases in daily turnover.
Data shows that by the market close, a total of seven ETFs had recorded turnovers exceeding 100 billion yuan, covering major indices such as the CSI 300, CSI 500, SSE 50, STAR 50, ChiNext, and A500. Among them, the Southern CSI 500 ETF and the Huatai-PineBridge CSI 300 ETF each saw daily turnovers surpassing 200 billion yuan, with some products reaching new阶段性 highs.
Industry insiders believe that in volatile market conditions, broad-based ETFs are becoming a crucial vehicle for capital to participate in the market and manage positions, thanks to their liquidity advantages and tool-like attributes. The changes in their trading activity also reflect adjustments in investor participation strategies.
The trading volume of multiple broad-based ETFs significantly increased.
On January 15, the trading activity of broad-based ETFs noticeably intensified, with several such ETFs showing substantial turnover growth.
Data indicates that by the close on January 15, seven ETFs had turnovers over 100 billion yuan. These were the Southern CSI 500 ETF, the Huatai-PineBridge CSI 300 ETF, the ChinaAMC CSI A500 ETF, the Huatai-PineBridge A500 ETF, the E Fund ChiNext ETF, the E Fund STAR 50 ETF, and the ChinaAMC SSE 50 ETF. Notably, the Southern CSI 500 ETF and the Huatai-PineBridge CSI 300 ETF each recorded daily turnovers exceeding 200 billion yuan, attracting significant market attention.
It is noteworthy that under the current market conditions, the turnover of some broad-based ETFs has once again刷新历史纪录. For example, data shows that the Southern CSI 500 ETF achieved a single-day turnover of 263.3 billion yuan, surpassing the high set during the阶段性 rally in October 2024, indicating a further increase in capital participation.
In terms of performance, the aforementioned broad-based ETFs have shown relatively stable returns since the beginning of the year. As of January 15, several products had positive year-to-date returns. The E Fund STAR 50 ETF led with a gain of over 10% year-to-date, while the Southern CSI 500 ETF and the E Fund ChiNext ETF both posted returns exceeding 5%. Against a backdrop of index recovery and structural market trends, the role of broad-based ETFs in meeting capital allocation and trading demands has become increasingly evident.
The rise in trading activity highlights the tool-like attributes of broad-based ETFs.
A fund evaluation expert in Shanghai commented that the recent increase in broad-based ETF trading activity reflects both the阶段性 characteristic of heightened market volatility and a gradual shift in how investors are participating. As index movements accelerate and structural divergence becomes more pronounced, some capital faces high uncertainty at the individual stock and sector levels, leading to a more common choice of using broad-based ETFs to capture overall market trends. Compared to trading individual stocks, broad-based ETFs offer broader coverage and clearer style attributes, which can help smooth out volatility from single assets and provide strong adaptability for investors with different risk tolerances.
The expert pointed out that in the current market environment, the trading attributes of broad-based ETFs are further emphasized. On one hand, ETFs feature intraday trading and ample liquidity, making it convenient for capital to make dynamic adjustments based on market changes. On the other hand, as the scale of related products continues to expand and liquidity improves, their utility in asset allocation and trading becomes increasingly prominent. Some investors use broad-based ETFs for阶段性 participation or position management during volatile periods, keeping the turnover of these products at high levels.
From a longer-term perspective, the surge in broad-based ETF trading is also linked to the gradual popularization of index investing理念. As market participants deepen their understanding of index tools, broad-based ETFs are no longer used solely for medium- to long-term allocation but are increasingly employed to express views on the overall market rhythm. Against a backdrop of improving liquidity conditions and a continuously evolving product ecosystem, the function of broad-based ETFs in accommodating various capital needs continues to strengthen. The rise in their trading activity is also seen as an indicator of increasing market maturity.
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