Overseas Tracking A Shares ETF First Capital Net Inflow

The market is still on the decline.

This week, 24 new shares launched, investors generally thought that there was no market timing before the Spring Festival, but publicly available statistics showed that fund positions rose quietly last week, while ETF, which tracks overseas A shares, also recorded its first net inflow this year.

Last week, Shanghai stock index fell through the 3100 point mark, but the position of fund positions increased. Most of the fund companies' overall positions rose, while the media, household appliances and computers became the main direction.

A fund manager in Southern China said that although the recent

Larger, but no lighten operations have been carried out.

He disclosed that the Shanghai stock index fell nearly 100 percent last Monday, but he still carried out a warehouse operation on insurance stocks, banks and other financial stocks.

He believes that the recent adjustment of blue chips is a good opportunity to enter.

The main focus of this year's investment is still growth stocks. The real potential companies have great investment value.

Data show that last week partial stock fund positions rose 3.93 percentage points to 79.80%, of which stock funds and standard hybrid funds are currently 85.62% and 71.64% respectively.

Media, household appliances and computers have become the main focus of the fund, while agriculture, forestry, animal husbandry, fisheries, integrated and national defense industries have been reduced.

Among the 75 fund companies with data, only 7 companies in Qianhai, such as open source, Debang, Changan and so on, appeared to reduce their positions, while the positions of galaxy, Baoying and other companies increased considerably.

It is worth noting that foreign investment, which has been in a state of outflow since the end of last year, has also seen some changes last week.

EPFR data showed that about 1 billion 100 million US dollars outflowed in the Hongkong / China stock market in the week ending February 4th, and the outflow rate increased slightly compared with last week.

However, last week, ETF, which tracks overseas A shares, recorded about $270 million in capital inflows, the first net weekly inflow of funds since 2015.

At the same time, Shanghai Stock Exchange also has a continuous net inflow of funds recently. Insiders believe that foreign capital is being built in batches.

Public figures show that in the 6 trading days from January 27th to February 4th, foreign investment through Shanghai Stock Exchange totaled a net purchase of more than 15 billion yuan.

Among them, Shanghai stock was 3 yuan net buy 4 billion 958 million yuan, compared with the previous trading day growth more than doubled, the quota usage rate hit a new high this year.

CITIC Securities, China Ping An, China Pacific Insurance Company, China Merchants Bank and Bank of China are most concerned by foreign investors.

Yesterday, after a continuous decline, the A share market rebounded slightly, Shanghai shares bought a net purchase of 2 billion yuan, the balance of 11 billion yuan, the quota utilization rate of 16%.

According to the latest data from the safe, as of January 30th, the total RQFII quota of five places in Hongkong, Singapore, Britain, France and South Korea reached 304 billion 500 million yuan, and the related products are expected to be released soon.

Although there are obvious signs of recent institutional clearance, the market will remain in a state of turbulence before the long holidays.

For individual investors, there is no need to rush into the market.

Kou Wenhong, chief macroeconomic strategist of the Tian Zhi fund, believes that if there is no big advantage, a lot of profit stopping or stop loss will be fled, so the market will be dominated by concussion before the Spring Festival.

We should be cautious in dealing with financial and real estate industries.

On the other hand, Internet finance, electricity providers and media boards have been increasing earlier and facing short-term adjustment pressure.

Overall, before the Spring Festival, big blue chips and bigger growth stocks in the early stage have greater risks. It is suggested that they should reduce the risk and wait for the market to be adjusted.

The Haitong Fund believes that this year's overall market index will be broadly oscillating, the shock interval will remain at around 20%, and the earnings will depend on the macro fundamentals and the game of policies.

Haitong fund recommends investors, the current focus is to carefully select stocks while guarding against risks, and reduce their expected investment yield.

Especially in the two quarter, risk prevention should be put in an important position.

The SFC will launch the registration system as soon as possible in the second half of this year. It will have a certain degree of lethality for growth stocks and will be more prone to "stampede" in the stock market.