Sell 100 Billion A Day! The First Four Kechuang 50Etfs Were Issued With The Lowest Placement Ratio Or 11%

In terms of the whole day sales, Huaxia Kechuang 50ETF is about 45 billion yuan; e-fonda is nearly 28 billion yuan; Huatai Bairui is nearly 20 billion yuan; ICBC Credit Suisse is nearly 10 billion yuan.

Kechuang 50ETF is very popular.

On September 22, 21st century economic reporter learned from the channel that the first four Kechuang 50etfs were all sold out in one day, with a total sales volume of nearly 100 billion yuan a day, and the proportional allocation has become a foregone conclusion.

Hot issue

The upper limit of the first batch of ETF on sale is 50.4 billion yuan per day, and the upper limit is only 50.1 billion yuan.

A source told reporters that by the end of the sale at 3:00 p.m. on September 22, the sales scale of the first four Kechuang 50etfs on sale on that day was estimated to be nearly 100 billion yuan.

The subscription scale of the four funds is roughly as follows: Huaxia Kechuang 50ETF (subscription code: 588003) is about 45 billion yuan; e-fonda Kechuang board 50ETF (subscription code: 588083) is nearly 28 billion yuan; Huatai Bairui Kechuang 50ETF (subscription code: 588093) is nearly 20 billion yuan; ICBC Credit Suisse Kechuang 50ETF (subscription code: 588053) is nearly 10 billion yuan.

The feedback from all channels has a certain lag. At present, the accurate data are still in the statistics. Based on this calculation, the allocation proportion of the four Kechuang 50etfs may be between 11% and 50%.

A fund channel source said that Kechuang 50ETF was very popular. Not long after its launch, Huaxia Kechuang 50ETF had sold more than 5 billion yuan before 10:00 a.m., and the first time it started the proportional placement; and e-fund Kechuang 50ETF followed closely, and sold more than 5 billion yuan an hour after its opening. At about 11:30, news came from the channel that Huatai Bairui Kechuang 50ETF also started the proportional placement 。

According to a source, at about 11:30 a.m., the total subscription scale of four Kechuang 50etfs has exceeded 35 billion yuan. Among them, Huaxia Kechuang 50ETF, e-fonda Kechuang 50ETF and Huatai Bairui Kechuang 50ETF respectively raised about 15 billion yuan, 13 billion yuan and 5.5 billion yuan, all of which met the start-up proportion rationing conditions.

The upper limit of ETF is 50.4 billion yuan, and the total sales volume of ETF is 20.4 billion yuan.

According to the data obtained by the reporter from a securities company as of 11:00 a.m., the sales of the securities company are as follows: Huaxia Kechuang 50ETF (subscription code: 588003) 1.3 billion yuan; e-fonda Kechuang 50ETF (subscription code: 588083) 700 million yuan; Huatai Bairui Kechuang 50ETF (subscription code: 588093) 300 million yuan; ICBC Credit Suisse Kechuang 50ETF (subscription code: 588053) nearly 300 million yuan.

Another large brokerage company sold Kechuang 50ETF as high as 5.6 billion yuan.

Given the possibility of a proportional placement, fund investors who bought Kechuang 50ETF in the morning said they would buy more in the afternoon.

In fact, due to the hot sales, some investors even reflected that some securities companies' app platforms also appeared stuck.

investment strategy

The proposed fund manager of Huaxia science and technology innovation board 50ETF was awarded the title. Previously, on how ordinary people invest in Kechuang 50ETF, the upper limit of fund raising for the cash subscription of Kechuang 50ETF is 5 billion yuan, and the upper limit of stock subscription is 500 million yuan. If a certain type of subscription exceeds this value on the same day, the placement will be started, especially for the cash portion. If the cash part is not confirmed after the proportional placement, it will be returned to the investors after the end of the raising period. The general fund company will return the unconfirmed funds to the securities companies on the T + 3 day, and the securities companies will return the funds to the investors on the same day, but the specific time of returning to the account shall be subject to the notice of the securities company.

According to Rongying, the listing time of Kechuang 50ETF has not been completely determined yet. It needs to be subject to the official announcement. It may be at the end of October and the beginning of November. There will be no scale limit after listing. It is an open-ended fund, and investors can freely apply for or buy ETF.

"It is suggested that Kechuang 50ETF should be regarded as a tool product with suitable length and length. Long term fixed investment can reduce the high fluctuation characteristics of the science and technology innovation board itself, and also realize the smoothing of position cost. Because of its long-term investment in technology, ETF is suitable for China's industry. It should be noted that it is not because of its volatility that it is more suitable for short-term trading. Even if most investors do short-term trading, they may make mistakes, and even the yield is lower than that of fixed investment. However, the index does fluctuate a lot and the heat is high. If you are a trading sensitive customer, there will be better investment opportunities and space to do band trading, but it does vary from person to person. " Won the proposal.

ICBC Credit Suisse Fund said that ICBC Credit Suisse ETF sold Xinxiang on the first day and realized the proportional placement. In the next step, ICBC Credit Suisse will continue to improve the investment product line of science and technology innovation board. It is understood that ICBC Kechuang ETF feeder fund has also been reported in the first batch.

From the perspective of product attributes, feeder funds can be purchased over the counter through fund accounts, and the investment threshold is also lower, which is more suitable for small and medium-sized investors to layout, and is expected to further enrich the investment channels of science and technology innovation board.

As for how to realize the smooth operation of the fund after its establishment, Zhao Xu, the proposed fund manager of ICBC Kechuang ETF and deputy director of Investment Department of ICBC Credit Suisse Fund Index Investment Center, said that ICBC Credit Suisse will give full play to its advantages in the process of investment and operation of Kechuang ETF, and pay close attention to market changes in combination with the volatility characteristics of individual stocks of science and technology innovation board, so as to provide investors with high-quality core capital of science and technology innovation board Production configuration tools.

"From the perspective of the volatility of individual stocks on the science and technology innovation board, investors really need to bear more volatility risks, but through the index investment mode of science and technology innovation ETF and the effect of portfolio dispersion, it is expected to reduce the volatility of investment and better control the investment risk." Zhao Xu said.

Liu Jun, the proposed fund manager and director of Index Investment Department of Huatai Bairui Technology Innovation Board ETF, said that Kechuang 50ETF was issued and established at the end of September, and it may face a better time point to build a position. In the short term, the fourth quarter of the US general election is imminent. The two parties may compromise their interests in order to seek China's support. The second stage of Sino US trade agreement is expected to be reached, the scientific and technological disputes are expected to ease, and regional trade such as RCEP is expected to be eased At that time, the monetary policy is expected to be further relaxed, and it is expected that the monetary policy will be further relaxed within the year. In the long run, the listed companies on the science and technology innovation board represent the main driving force of China's economic growth in the future. As long as China's long-term development trend is optimistic, the long-term return rate of investment in the science and Technology Innovation Board will exceed the investment in traditional industries on the main board.

Liu Jun believes that "at present, the science and technology innovation board is not cheap in terms of traditional P / E ratio, but it is not very expensive. In fact, the valuation levels of the Kechuang 50 index and the gem 50 index are similar. For a track like Kechuang, once the technical breakthrough may bring about exponential performance growth, the traditional valuation index is not particularly applicable. For the science and technology innovation board, it is more concerned about the track and the future growth space. Science and technology power and the general direction of scientific and technological innovation are clear, and the scientific and technological innovation 50ETF is also a good allocation target for long-term funds. "