oke-betcom| Hong Kong stock ETF dominates the screen! Yields on 17 products have risen by more than 15% since the second quarter

The recent fire in Hong Kong stocks has led to a continuous rise in ETF yields in Hong Kong stocks. Flush (300033) iFinD data show that as of May 6, data are available.Oke-betcomOf the 926 ETF, the products with the top 50 returns since the second quarter have been taken by Hong Kong stocks ETF, and the returns of related products have all exceeded 10% since the second quarter, of which 17 Hong Kong stocks ETF have risen more than 15%, which has attracted the attention of the market. Some people in the industry said that the increase in the thrust of the policy side and the trend recovery of risk appetite greatly boosted it.Oke-betcomThe liquidity of Hong Kong stocks, and the improvement of the capital side is an important driving force to promote the strong performance of Hong Kong stocks. From a medium-and long-term perspective, the trend of Hong Kong stock ETF still needs financial support, and the attractiveness of relevant Hong Kong stock ETF may still exist.

ETF yield of 17 Hong Kong stocks rose by more than 15%

The Hong Kong stock market rose on the first day after the May Day holiday. By the close of trading on May 6, the Hang Seng Index was up 0% in one day.Oke-betcom.55%, the Hang Seng Technology Index rose 0% in a single day.Oke-betcom.92%. However, by the close of trading on May 7, the Hang Seng Index and the Hang Seng Technology Index had fallen 0.53% and 2.13% respectively in one day. If you look at it for a long time, since the second quarter, by the close of May 7, the Hang Seng Index and the Hang Seng Technology Index have soared 11.72% and 12.8% respectively.

The periodic increase of Hong Kong stocks also led to a sharp rise in the yield of the relevant ETF. Of the 926 ETF that can be counted in the market since the second quarter, the products with the top 50 returns have been swept by Hong Kong stocks ETF, and the above-mentioned products have returned more than 10 per cent since the second quarter, according to Tonghua iFinD. Among them, the ETF yield of 17 Hong Kong stocks rose more than 15 per cent.

Specifically, Wells Fargo China Securities and Hong Kong Stock Connect Internet ETF since the second quarter of the return of 19.56%, ranking first. In the same period, Warburg Securities Hong Kong Stock Exchange Internet ETF and Bosch Securities Hong Kong Stock Exchange Internet ETF followed closely behind, with returns of 19.45% and 19.33% respectively, ranking second and third. In addition, Yifangda China Securities and Hong Kong Stock Exchange Internet ETF return also exceeded 19%, reaching 19.28%, ranking fourth. While Huaxia Hang Seng Internet Technology Industry ETF (QDII) and Hua an Hang Seng Internet Technology Industry ETF (QDII) yield 18.53% and 17.77% respectively, ranking fifth and sixth respectively.

In addition to the above products, Hang Seng Technology ETF accounts for a relatively large proportion of the products with the highest returns. Hang Seng Technology ETF (QDII), a unit of several public offerings, such as Huaxia Fund, Huitianfu Fund, Yi Fonda Fund, Huatai Perry Fund and Castrol Fund, have all made returns of more than 15% since the second quarter.

In addition, returns of more than 15 per cent are also ICBC Credit Suisse Hong Kong Stock Exchange Technology ETF, Huatai Bai Ruinan Dongying Hang Seng Technology ETF (QDII) and Yinhua Hang Seng Hong Kong Stock Exchange China Technology ETF.

In the view of qu Fang, an investment consultant at Wanlian Securities, the better performance of some Hang Seng Technology ETF may be related to the fact that related technology enterprises and hot tracks such as AI, self-driving, biotechnology and so on have gradually entered a mature period in recent years, and the improvement of corporate performance and market capital attention have led to the benefits of the relevant ETF. In addition, technology stocks are in a period of growth, and some mainland technology companies choose to list in Hong Kong stocks. These companies themselves have a strong growth, so they are easily favored by investors.

Hong Kong stocks still need to introduce medium-and long-term capital

On how to view the recent trend of Hong Kong stocks, Huatai Berry Fund believes that the increase in policy thrust and the warming of risk appetite have greatly boosted the liquidity of Hong Kong stocks, and the improvement in the capital side is an important driving force driving the strong performance of Hong Kong stocks this round. From a policy point of view, the China Securities Regulatory Commission issued five capital market cooperation measures to optimize the Shanghai-Shenzhen-Hong Kong Stock Connect mechanism and broaden the capital flow channels of Hong Kong stocks on April 19. The positive introduction of the policy is expected to attract more mainland funds and institutional investors, and the marginal change of funds superimposed short covering has largely leveraged the Hong Kong stocks with relatively low turnover in the early stage, bringing more increments to the asset end of Hong Kong stocks while improving the liquidity and stability of the market, thus coming out of an accelerated market.

In the view of Jia Zhi, managing director of Hualin Securities (002945) Management Horde, ETF, as a passive product, its performance completely tracks the underlying index. The recent rebound of Hong Kong stocks is relatively large, there is a continuous rise in the short term, so the corresponding industry ETF has a better performance. In the medium to long term, Hong Kong stocks still have investment value, and the relevant Hong Kong stocks ETF may also be attractive.

However, at the same time, the Beijing Business Daily reporter also noted that the share of some Hong Kong stocks with outstanding returns since the second quarter has shrunk. For example, the share of products such as China Hang Seng Internet Technology Industry ETF (QDII), Wells Fargo Securities Hong Kong Stock Connect Internet ETF, Huabao Securities Hong Kong Stock Connect Internet ETF all decreased in the second quarter.

In qu Fang's view, the reduction in the share of related products may be related to higher short-term earnings and institutional profit-taking. At the same time, qu Fang also looks forward to saying that recently, the repairable market of Hong Kong stocks has triggered a rebound at the bottom of the index, but the rebound does not mean a reversal of the market, so some short-term funds choose to take profits and lock in profits. From a medium-and long-term perspective, the ETF of Hong Kong stocks needs financial support, and the main reason for the weakness of Hong Kong stocks in the past two years is the excessive undervaluation caused by the lack of liquidity. Hong Kong stocks need to introduce medium-and long-term funds to re-stimulate the investment enthusiasm of the market and reshape the valuation.

Huatai Berry Fund also suggested that the continuous inflow of funds and large room for valuation repair have caused many investors to re-examine the investment value of the Hong Kong stock market, but at a time when all kinds of "uncertainties" at home and abroad have intensified, blindly betting on a highly flexible track is still a riskier choice, a "dumbbell strategy" (a diversified investment allocation strategy) that takes into account both defensive and offensive ends, or one of the ideal ways to allocate Hong Kong stocks.

Beijing Business Daily reporter Liu Yuyang and Hao Yan