The size of the Golden ETF in Huaan has recently risen to over 90 billion yuan, exceeding the long-time top 300 ETF Tebri, making it the largest ETF product in the country. With the recovery in international gold prices and financial flows, the gold ETF has regained market interest, while the equity ETF has experienced a stylized fall.
The Golden ETF is back.
On 3 July, a single-day net inflow of 2,936 million yuan went into the gold ETF, the latest scale rising to 90,988 million yuan. On the previous date, the product was only 8,716.2 million yuan, the second largest in the industry. At the same time, the original largest depth of 300 ETFs resulted in the outflow of funds and the subsequent turnover of seats.
Money flows are switching.
Industry sources point out that gold prices have fallen behind in the last six months, generating part of the funds at a low level of gold assets. The gold ETF also benefits from the demand for the configuration of multiple asset products. This compares to a decrease in the size of the Kwangki ETF since this year, while the sectoral themes ETF and the commodities ETF have continued to grow.
- Since this year, the size of the Kwangi ETF has declined from 2.57 trillion yuan to less than 1 trillion yuan.
- During the same period, the size of the industry theme ETF rose from 1.09 trillion yuan to about 1.43 trillion yuan.
- The size of products such as ETF, 50 ETF, etc., is high.
Industry seating continues to change
This counter-surfacing also affects the industry ranking of the Foundation. The WAF ' s presence on the ETF track has increased further, while the HIF has also grown significantly in the ETF operations this year. It was mentioned that the ETF scale ranking would have changed with market fluctuations and that competition between gold and stock index products was likely to continue.