Recently, the cross-border ETF market has become increasingly popular, with multiple funds showing strong performance. Among them, the S&P Consumer ETF rose 9.5% today (November 27th), ranking first among ETF funds in terms of increase, with a cumulative increase of nearly 19% in the past 3 days. At the same time, its premium rate also jumped to 18.1%, the highest record since its listing, and it is currently the ETF fund with the highest premium rate.
Note: The S&P Consumer ETF has recently seen consecutive gains (as of the close on November 27th)
The popularity of obscure funds has skyrocketed, with Nako taking over as the leader in premium
It is reported that the S&P Consumer ETF mainly tracks the S&P 500 Consumer Select Index, which is a "secondary new fund" listed in late January this year. Since its listing on the Shenzhen Stock Exchange, the daily trading activity of the S&P Consumer ETF has been relatively low. Apart from the 370 million yuan transaction on the first day, its average daily trading volume on the day after its listing (February 5) was only 14 million yuan on the eve of this round of rise (November 22). However, the S&P Consumer ETF has recently received a large influx of funds, with an average daily turnover of 650 million yuan in the past three days, nearly 45.4 times higher than the previous market trend.
Note: Daily trading volume of S&P Consumer ETF since its listing (as of the close on November 27th)
In addition to a significant increase in transaction volume, the S&P Consumer ETF's yield data has also experienced significant changes. As of today's close, its current discount rate has risen to 18.1%, an increase of nearly 17 points from 3 days ago. Due to factors such as QDII quota restrictions, the premium rate of cross-border ETFs has been relatively high compared to general funds, but there have been few cases where it exceeds 10%. From the perspective of recent history, only the Nasdaq Technology ETF has frequently had a premium of over 10%, while the S&P Consumer ETF has taken over as the cross-border ETF with the highest premium rate.
Note: S&P Consumer ETF daily profit margin data since its listing (as of the close of November 27th)
Note: Currently, the cross-border ETFs with the highest premium rates (as of November 27th, excess discount rate, and fund size as of November 26th)
Similar to the S&P Consumer ETF, there have been many cross-border ETFs in the S&P and Nasdaq sectors that have also risen recently, with premium data increasing. Among them, the Guotai Fund S&P 500 ETF, Huaxia Fund S&P ETF, Boshi Fund S&P 500 ETF, and Jingshun Great Wall Fund Nasdaq Technology ETF currently have premium rates of over 5%. Although a high premium represents a high preference for funds, it also indicates that the market is overly optimistic about it. For ordinary investors, it is still necessary to pay attention to its drawdown risk and avoid capital losses.
Cross border ETF volume is expected to gradually increase, with leveraged funds increasing their holdings
Since the beginning of this week, the popularity of cross-border ETFs has gradually increased. According to the daily turnover rate data, as of today's closing, the average daily turnover rate of each ETF during the week was nearly 13.5%, an increase of nearly 1 percentage point compared to last week (12.1%). Among them, the turnover rate of Jingshun Great Wall Fund S&P Consumer ETF has significantly increased from 14% to 223%, while the turnover activity of Penghua Fund Dow Jones ETF, Guotai Fund S&P 500 ETF, Huatai Bairui Fund Hang Seng Hong Kong Stock Consumer ETF and other funds has also increased significantly this week compared to last week.
Note: Cross border ETFs with significantly higher average turnover rate this Sunday compared to last week (as of November 27th)
From a funding perspective, many cross-border ETFs have recently received significant increases in positions from investors. As of November 26th, according to the market statistics in the past 5 days, a total of 17 cross-border ETFs have raised net purchases exceeding 10 million yuan. Among them, two Nasdaq ETFs managed by Guangfa Fund and Guotai Fund, Huaxia Fund Hang Seng Technology Index ETF, Penghua Fund Dow Jones ETF, and Huitianfu Fund US 50 ETF have recently been heavily invested by leveraged funds, with net purchase amounts of 64 million yuan, 63 million yuan, 55 million yuan, 43 million yuan, and 38 million yuan, respectively.
Note: Cross border ETFs with the highest net purchase amount of financing in the past 5 days (financing balance, fund size as of November 26, excess discount rate as of November 27)
According to tracking index statistics, among the above cross-border ETFs with high net purchase amount of financing, there are relatively large numbers of NASDAQ, Hang Seng and S&P ETFs, and they also cover China Internet, Southeast Asia technology and other directions. Among them, Huatai Bairui Fund Southeast Asia Technology ETF, Penghua Fund Dow Jones ETF, and Huitianfu Fund US 50 ETF have continued to fluctuate and rise recently, and all continued to hit historical highs today, with monthly gains of 11.8%, 11.3%, and 5.9% respectively. Guangfa Fund and Guotai Fund's Nasdaq ETF are also approaching historical highs.
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