Military ETFs are active, trading volume surged by nearly 60% last week
Source: Hong Kong and 淡水桑拿网 Macao Original Title: Trading in military ETFs was active last week. Trading volume soared by nearly 60%. With the promotion of macro-policy and the catalysis of market hotspots, the stock market welcomed the “opening door” in September.
Military industry stocks continued their strong momentum. More than 20 military stocks, including Recco Defense, AVIC Telecom, and Aerospace Development, touched the ups and downs, and the military index gained 6 consecutive years.
In the first-tier industry of CITIC, the defense industry sector gained 9 in the past 5 days.
35% is the largest increase in CITIC’s 29 first-tier industries in the near future.
Funds are also actively investing in the military industry sector through public funds. In the past week, the trading of military-industrial open-end index funds (ETFs) has become 杭州夜网 increasingly active, and the volume and price of intra-market transactions have risen.
The military ETF’s active trading data shows that as of last Friday, the total weekly turnover of 5 military ETFs, including the newly-listed Rich National Military Leading ETF, Cathay Pacific Securities ETF, Penghua National Defense ETF, and GF China Securities Military ETF, were excludedIs 12.
4.6 billion, an increase of 57.
8%; total weekly volume is 1503.
870,000 hands, a surge of 53.
6%; from the average weekly turnover rate, the average turnover rate of 5 military ETFs is 4.
49%, a month-on-month increase of 1.
Last week, the rich nation’s leading military ETF was listed. The 7 billion product scale has increased the trading activity of the military ETF market by an order of magnitude.
Data show that the turnover of the leading ETF of the rich nation military industry ETF is as high as 18.
4.5 billion, with a turnover of 1796.
520,000 hands, exceeding the sum of the other five military ETFs’ trading volume and turnover, and ending the closing on September 2. Since the fund’s listing last Monday, the total turnover has reached 21.
6.9 billion yuan.
However, some of them are that with the increase of the sector, the military ETF as a whole has a clear net redemption phenomenon.
Data show that as of the end of August, the overall size of the six military ETFs was 94.
100 million yuan, up from 102 at the beginning of the week.
The scale of 8.8 billion shrinks 8.
Among them, the wealthy military leader ETF listed earlier this week shrank by 8 per week.
800 million, shrinking by 12.
5%; Penghua National Defense ETF also decreased by 1 in the same period.
5.0 billion, a shrinking range of 14.
A fund source in Shanghai said that the recent rise in the military industry sector has not ruled out that some investors have chosen to “get out of their pockets.” Therefore, the rapidly increasing military ETF may appear to shrink more and more.
ETFs are instrumental products. Investors invest in ETFs in stages based on factors such as industry assessments and policy catalysis. In fact, they use the characteristics of the product’s investment vehicles to realize the asset allocation function of investors.
In addition to on-site index funds, the performance of off-site military theme funds has also performed well.
Data show that as of the end of August, 22 military theme funds (A, C combined calculations) had an average return of 3 last week.
77%, significantly more than other sectors.
Among them, Huaxia military safety rose by up to 5 per week.
2%, Boshi military industry theme, Penghua CSI Air and Space integrated military industry rose by more than 5%, weekly increase of more than 3% of the military theme funds only 17, accounting for up to 77.
On the whole, in the first eight months of this year, the average theme fund of the military industry rose 29.
63%, showing a clear money-making effect.
Multi-factors catalyze the military industry market. Several participants said that the surge in the military industry sector was mainly affected by the rising industrial prosperity, the acceleration of asset securitization reform, and the low value of the industry itself, thereby increasing the allocation needs of institutional investors and the development of the “National Day parade”The future investment value of the military industry sector is still worth looking forward to. A fund manager in Shanghai was very optimistic about future investment opportunities in the military industry sector. He believed that the first is that the budget of the national defense budget will maintain a steady growth and focus on equipment costs, and the prosperity of the military industry will gradually increase in the future; and the second is with overseas military enterprises.The proportion of asset securitization ratios above 70%, and the domestic military industry’s asset securitization ratio still has room for breakthrough and improvement. Third, the existing military industry has undergone several rounds of adjustments since 2015. The changes are in the bottom area of history, and the investment value is becoming more prominent.
Obviously, the overall allocation of the defense industry sector by institutional investors such as public funds is also at a historically low level.
Shen Wan Hongyuan Securities research report shows that, as of the end of the second quarter, among the heavy stocks of ordinary stocks, mixed stocks, and flexible allocation funds, the military stock market accounted for only 0.
62%, compared to the proportion of military stocks in the entire market, it is currently in a significantly underweight state.
The theme fund manager of a large-scale public fundraising military industry in Beijing said that the fund allocation of military industry sectors such as public fundraising is related to the industry’s earning effect. In 2014, the performance of military stocks was outstanding and the proportion of public fund allocation was large.The proportion of resistance military stocks allocation is also getting lower and lower, and the increase in the demand for institutional fund allocation in the future will also help to further promote the market of military stocks.
”The military industry sector is also a good configuration direction for event-driven investment. Under the 70th anniversary of the founding of the People’s Republic of China, the National Day military parade and other short-term event-driven factors and key time interruptions, the military industry sector is expected to continue to receive funding attention.