ETFs exceeds that of individual investors
Posted: Thu Feb 13, 2025 3:57 am
The more nervous we are, the more we need to calm down and analyze the situation from a holistic and long-term perspective. As Duan Yongping said in his latest speech: "Think about the essence of everything and look at the long term."
Whether it is the increase in holdings by large institutions represented by Central Huijin Investment, the clear-cut development of index funds in the "New Nine Articles", or the ETF's transformation into the "sharpest spear" in the 924 market, it is imperative to summarize the ETF's turbulent year in the past.
01
Data 1: The proportion of institutional investors in
A-shares continued to shrink after the beginning of the year. On January 13, the total trading volume of the Shanghai and Shenzhen stock markets was only 966.377 billion yuan, falling below one trillion yuan for chinese overseas british data the first time since the "924 market" last year, ending the previous record of A-shares exceeding 1 trillion yuan for 72 consecutive trading days.
After the asset shortage in 2024, I believe everyone has learned the most important point: the importance of incremental funds.
At present, the main investors of A-shares include insurance funds, public funds, financing (active funds with high risk appetite), retail investors and foreign capital:
With government bond interest rates at historic lows, increasing insurance funds’ allocation to equity assets is an option that must be put on the table.
The equity positions of public funds themselves are relatively high. In addition, the size of mixed funds has shrunk for 11 consecutive months in 2024. The biggest driving force for subsequent growth still comes from ETFs.
Financing is a typical right-side fund. Currently, the scale of margin trading still maintains the 1.8 trillion mark. However, with the A-share market falling 200 points in three days, the scale of net financing purchases has shrunk for three consecutive days. On the contrary, the net inflow of ETFs during the same period exceeded 30 billion yuan.
Whether it is the increase in holdings by large institutions represented by Central Huijin Investment, the clear-cut development of index funds in the "New Nine Articles", or the ETF's transformation into the "sharpest spear" in the 924 market, it is imperative to summarize the ETF's turbulent year in the past.
01
Data 1: The proportion of institutional investors in
A-shares continued to shrink after the beginning of the year. On January 13, the total trading volume of the Shanghai and Shenzhen stock markets was only 966.377 billion yuan, falling below one trillion yuan for chinese overseas british data the first time since the "924 market" last year, ending the previous record of A-shares exceeding 1 trillion yuan for 72 consecutive trading days.
After the asset shortage in 2024, I believe everyone has learned the most important point: the importance of incremental funds.
At present, the main investors of A-shares include insurance funds, public funds, financing (active funds with high risk appetite), retail investors and foreign capital:
With government bond interest rates at historic lows, increasing insurance funds’ allocation to equity assets is an option that must be put on the table.
The equity positions of public funds themselves are relatively high. In addition, the size of mixed funds has shrunk for 11 consecutive months in 2024. The biggest driving force for subsequent growth still comes from ETFs.
Financing is a typical right-side fund. Currently, the scale of margin trading still maintains the 1.8 trillion mark. However, with the A-share market falling 200 points in three days, the scale of net financing purchases has shrunk for three consecutive days. On the contrary, the net inflow of ETFs during the same period exceeded 30 billion yuan.